Global Aerotropolis Market to Grow at a CAGR of 8.12% during the Period 2017-2021.

(IT-NEWSWIRE.COM, August 05, 2017 ) Market Research Hub includes new market research report “Global Aerotropolis Market 2017-2021” and is now added to their vast database. This industry research report identifies Austin Industries, HENSEL PHELPS, Skanska, Turner Construction, and Walsh Group as the key vendors in the global aerotropolis market. This industry research report also presents a competitive analysis of the market by airport type (greenfield airport and brown field airport) and by geography (the Americas, APAC, and EMEA).

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Market research analysts at MRH predict that the global aerotropolis market will grow steadily during the next four years at a CAGR of over 9% by 2021. One of the major factors driving the growth of the aerotropolis market is the rapid expansion of airport-linked smart cities that have enhanced connectivity with efficient, large, and well-networked airports. Airport operators are developing smart cities around airports due to the changing dynamics of airport infrastructure in line with globalization, digitalization, and liberalization. Furthermore, business hubs are also being integrated with various non-aeronautical and aeronautical activities with smart cities clustering around the airports.

With the constantly increasing passenger traffic, airport authorities are developing a unique approach that can enhance customer travel experience with safe and reliable operations and the installation of sleeping pods at airport terminals to provide a comfortable stay at airports. This in turn, will lead to the adoption of agile infrastructure that will help in ensuring advanced operational efficiency of the aviation ecosystem.

Competitive landscape and key vendors

The aerotropolis market appears to be highly competitive due to the presence of several vendors. It is critical for vendors to provide high-quality and cost-effective services with the latest technology and materials to sustain in such an intensely competitive business atmosphere. The vendors in this market must focus on designing and implementing new strategies to secure key contracts from global customers as the growth of the vendors depends on market conditions, government support, and industry development.

The leading vendors in the market are -

Austin Industries
HENSEL PHELPS
Skanska
Turner Construction
Walsh Group

The other prominent vendors in the market include Balfour Beatty, Clark Construction, Manhattan Construction, McCarthy Building Companies, and The Whiting-Turner Contracting Company.

Segmentation by airport type and analysis of the aerotropolis market

Greenfield airport
Brown field airport
During 2016, the greenfield airport segment accounted for the major shares and dominated this market. The development of greenfield airports is due to the growing passenger traffic and the rising demand for air travel. Airports are constantly adopting new methods to improve their non-aeronautical revenue by providing value-added services to passengers, even during their waiting time at airports. Non-aeronautical revenues play a significant role during economic recessions as it balances the impact of low passenger and freight volumes and safeguards the operational profit margins of aviation stakeholders.

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Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global aerotropolis market?
What are the key market trends impacting the growth of the global aerotropolis market?
What are the challenges to market growth?
Who are the key vendors in the global aerotropolis market?
What are the market opportunities and threats faced by the vendors in the global aerotropolis market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global aerotropolis market?
MRH also offers customization on reports based on specific client requirement.

To help clients achieve a competitive edge, the global market research firm MRH presents a comprehensive portfolio of industry research reports on the multiple aspects of the general aviation sector, which is a significant part of the aerospace and defense industry.

This upcoming report on the global aerotropolis market also considers the growth of similar markets such as light aircraft, which is expected to grow at a CAGR of almost 6% during the period of 2017 to 2021. According to MRH market research analysts, factors such as high innovation budgets and leads in technological innovations will influence the growth of the general aviation market in the coming years.

This upcoming industry research report on the global aerotropolis market also identifies the market drivers, emerging trends, and the challenges come across by the aerospace and defense vendors and offers key insights into the markets of aerospace components, aerospace manufacturing, and commercial aviation.

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Global Aerotropolis Market to Grow at a CAGR of 8.12% during the Period 2017-2021.