Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 866.49 Billion | USD 1254.79 Billion | 4.2% | 2023 |
FrequentlyAsked Questions
The physical and organisational structures required for the operation of air transport are referred to as aviation infrastructure. It encompasses a diverse array of services and facilities that are indispensable for the operation of the aviation industry, air traffic management, and airports.
The demand for air travel worldwide is on the rise, primarily due to the expansion of the middle class, rising incomes, and economic development, particularly in Asia and other emerging markets. The demand for air cargo is increased by the growth of e-commerce and global trade, which necessitates the expansion of infrastructure.
The global aviation infrastructure market size was worth around USD 866.49 billion in 2023 and is predicted to grow to around USD 1254.79 billion by 2032.
The global aviation infrastructure market a compound annual growth rate (CAGR) of roughly 4.2% between 2024 and 2032.
North America dominated the market but due to rise in per capita income in Asia-Pacific region, the aviation infrastructure market is on faster phase and anticipated to reach highest CAGR and market share by 2026.
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