Greenfield Airports to Witness Significant Growth in India Airport Infrastructure Market through 2024
Rising air passengers and
cargo traffic to drive India airport infrastructure market during forecast
period
According to
TechSci Research report, “India Airport Infrastructure Market By Airport Type, By Ownership, By Component, By Application,
Competition, Forecast & Opportunities, 2024”, India airport infrastructure market is expected to grow at a steady
CAGR during the forecast period owing to the increasing investments by the
government for improving the airport infrastructure in the country.
Additionally, airport
infrastructure in India is witnessing improvisation and expansion on a massive
scale, with the government supporting private participants. Moreover, factors
such as growing demand for smart airports, rise in per capita income is making
air travel more affordable, there propelling tourism industry in the country, are
further anticipated to fuel growth in India airport infrastructure market
during forecast period.
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India
airport infrastructure market is segmented based on airport type, ownership,
component, application, region and company. Based on airport type, the market
can be divided into brownfield airports and greenfield airports. The greenfield
airports are expected to witness significant growth during forecast period.
This can be attributed to the increasing number of proposals being received by
the government of India for the establishment of greenfield airports at various
locations across the country. Additionally, the investment in Indian airport infrastructure market, especially in
the Greenfield projects is increasing with large number of ongoing and proposed
projects. Based on ownership, the market can be segmented into government,
private and PPP. The PPP ownership segment is expected to register substantial
growth during the forecast period owing to the fact that more than half of the
Indian passengers are handled by the PPP airports in India.
Airport Authority
of India, GMR Infrastructure, GVK Power & Infrastructure, L & T, Hindustan
Aeronautics Ltd., VRH Construction Pvt. Ltd., Adani Enterprises, Blue Dart
Aviation Ltd, Celebi NAS Airport Services India Pvt. Ltd, and Menzies Aviation are some of the
leading players operating in India airport infrastructure market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their share.
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“India airport
infrastructure market is expected to witness steady growth during forecast
period on account of the factors such as development of new economic corridors,
new airports, expansion of the existing ones, emerging smart cities, deeper
penetration into smaller cities, rising disposable income and increasing air
travel affordability of the Indian middle class. Additionally, the open sky
policy of government of India is helping foreign players to enter the Indian
aviation industry, which would further steer growth in the market.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Airport Infrastructure Market By Airport Type, By Ownership,
By Component, By Application, Competition, Forecast & Opportunities,
2024” has evaluated the future growth
potential of India airport infrastructure market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in India
airport infrastructure market.
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