The airport infrastructure market was valued at US$ 77,853.08 million in 2022 and is projected to reach US$ 139,144.01 million by 2030; it is expected to record a CAGR of 7.5% from 2022 to 2030.
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The airport infrastructure market industry plays a pivotal role in facilitating global connectivity and economic development. The demand for efficient and modern airport facilities has been on the rise across various regions. Asia Pacific registered the highest airport infrastructure market share in 2022. This is due to a rise in investment toward expansion and modernization of airport facilities in the region. In addition, Asia Pacific stands as a dynamic hub for airport infrastructure development, driven by the region’s robust economic growth and a surge in air travel. China, India, and other countries are witnessing massive investments in new airport construction and expansion projects. These initiatives aim to keep pace with the escalating passenger numbers and promote regional connectivity.