The analysis of public use airports in the US from 2013 to 2023 shows a general declining trend in airport numbers, standing at 5.07 (in thousands) in 2023. Key year-on-year variations include a notable drop of 60.07% in 2020, likely due to COVID-19 impacts, followed by a strong rebound of 87.21% in 2021. The last five years have seen an average annual change (CAGR) of -0.17%, indicating a slight downward trend.
From 2024 onwards, a continued slight decline is forecasted, with the number of airports expected to reach 4.96 (in thousands) by 2028, reflecting a forecasted 5-year CAGR of -0.07%.
Future trends to watch for include:
- Potential industry consolidation.
- Technological advancements influencing airport operations
- The impact of sustainability initiatives.
- Continuing effects of post-pandemic recovery.
