연혁
Phase 4 Construction Background
The following is the background on the phase 4 construction project of Incheon International Airport.Growth Trend of The Aviation Industry
The demand for aviation market is expected to increase stably across all Sectors, including an average annual growth rate of 4.0%(Pax), 2.7%(Cargo) and 2.3%(Flights) by 2030(ACI, '20).Aviation demand plummeted in 2020 due to the impact of covid-19, but starting with the recovery of domestic, gradual demand recovery is expected to occur.
Especially, the Asia-Pacific region is expected to grow 5.2% annually, increasing its global market share from 37% in 2019 to 42% in 2030.
Total passenger traffic forecast (ACI, '20)
Source: ACI World Airport Traffic Forecasts 2020~2040(2020)
Global passenger growth 2019–2040 by region(ACI '20)
Source: ACI World Airport Traffic Forecasts 2020~2040(2020)
Competitive Expansion of Rival Airports
The competition to occupy the world's aviation market is intensifying. Incheon Airport's rival airports have completed large-scale developments or undergoing expansions to preempt the future commercial aviation market.Incheon Airport plans to complete phase 4 construction by 2024, which can boost its status to number three in the world (based on international passengers).
Expansion and development status of major airports
Current capacity
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Incheon
Airport 77 mil. PAX -
Dubai
Airport 90 mil. PAX -
Hong Kong
Airport 78 mil. PAX -
Istanbul
Airport 63 mil. PAX
Development plan
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Incheon
Airport 106 mil. PAX ('24) -
Dubai
Airport 118 mil. PAX ('24) -
Hong Kong
Airport 100 mil. PAX ('24) -
Istanbul
Airport 110 mil. PAX ('24)
Increase in aviation demand for Incheon Airport
Aviation demand plummeted in 2020 due to the impact of covid-19, but continuous growth is expected from 2022 to 2030.
Because of rapid passenger growth rate in Asia-Pacific region, the need to expand the existing facilities is becoming a main issue.
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7%
(Average annual growth) Passengers (10,000)
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4%
(Average annual growth) Cargo (10,000 tons)
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7%
(Average annual growth) Transfer (10,000 passengers)
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52%
(Average annual growth) Low cost carriers (10,000 passengers)