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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