North America Aviation Infrastructure Market expands with the rising funding for R&D

Market Overview:
North America Aviation Market is expected to post a CAGR of more than 2.5% during the forecast period.
The aviation industry in North America is mature and has several aircraft OEMs. The defense sector is benefiting primarily from the government's growing investment in R&D and the acquisition of advanced combat aircraft, UAVs, and trainers from regional players. The commercial aviation sector in North America is growing primarily due to increased domestic and international passenger air traffic. Airlines, to meet the growing demand for air travel, are placing orders for next-generation aircraft that can operate new routes or replace older aircraft in the fleet. The general aviation market in North America could see growth, with the increasing acquisition of commercial, turboprop and piston aircraft. Additionally, a growing focus on improving private airport infrastructure, coupled with favorable regulatory changes, could support the growth of the North American aviation infrastructure market.

Recent Developments:
Skanska completed and inaugurated the new arrivals and departures hall in Terminal B of LaGuardia Airport (headquarters) in New York, USA. The opening of the central office represents an important step towards the completion of the remodeling of Terminal B at LaGuardia Airport, the largest project ever undertaken by Skanska.

Market Drivers and Restraints:
Due to the sudden increase in the number of air travelers and aircraft, operators are under immense pressure regarding the establishment of passenger control and management. This important factor has led them to opt for more recent plans that can help them put in place a suitable aviation infrastructure. Good aviation infrastructure can also help create a perfect harmony between airports, airplanes, and air traffic controls. This is yet another reason that drives most aircraft operators to build modern and technologically advanced aviation infrastructure. However, technological changes and advancements, existing infrastructure, and the cost of building new infrastructure can negatively affect the business. Moreover, with the involvement of the country's government, these negative factors can be avoided quite easily. Therefore, if all the positives and negatives are taken into account, it can be concluded that the North American aviation infrastructure market is expected to grow at a moderate rate during the outlook period.

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Report is segmented as:
By Airport Type:
• Brownfield
• Greenfield Airport

By Application:
• Hangars
• Maintenance
• Repair and Overhaul (MRO) Facilities
• Airport Terminal
• Warehousing
• Runways

Geographical segmentation:
Based on geography, the regional market is segregated into US and Canada. Among these regions, the United States is expected to dominate the market. To meet the growing demand for air travel, airlines in this region are launching new routes every year to increase connectivity, requiring a significant increase in fleet capacity.

Key market players:
Some of the key players operating in the North American Aviation Infrastructure market include Hensel Phelps Construction Co., Turner Construction Company, Skanksa AB, Austin Commercial, and Aecom, among others.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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