Aircraft Ground-handling System Industry Segmentation, Future Trends and Growth Opportunities
29 May 2019, The global aircraft
ground-handling system market is subject to witness a substantial
growth due to the rising globalization, increasing the global air traffic,
rising focus towards ground support operations at airports. Additionally,
declining airfares, increasing number of aircraft fleets, rising availability
of advanced facilities, and development of the luxury travel services are
expected to drive the growth of ground handling system market over the forecast
period.
Shifting trend towards convenience
travel for passengers and increasing per capita income among general population
are some of the key driver for market growth, in the recent years. Globally,
the market is predicted to grow at CAGR of 10.44% in forecast period, providing
numerous opportunities for market players to invest in research and development
in the aircraft ground-handling system market.
Rising demand for sophisticated
services for various airport operations and airline services across to utilize
every aspect of GH operations. The recent technological advancement in the
aviation industry and development of novel products and technique such as use
of robotics and digital communications, are expected to positively influence
the growth of the ground handling system in the upcoming years.
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In addition, shifting trend towards adoption of electric
propulsion instead of fossil fuels is considered as key growth factor for
ground handling system market, in the near future. Development of
electric-operated and biogas powered towing automobiles coupled with favorable
governmental policies are expected to boost overall market performance in the
upcoming years. Use of electrically operated and biogas powered towing
automobile for aircraft allows engines to stay powered off unless the aircraft
is at the runway’s head.
Growing number of operational airports and flights,
particularly in the North America and European region are expected to
incorporate numerous growth opportunities in the near future. Increasing
investment by both local governments and private bodies to promote adoption of
alternate fuel resources for handling equipment and vehicles, are propelling
market expansion in the years to come. However, increasing requirement for
optimization of operations at the peak time is expected to negatively influence
industry growth to a certain extent.
The market is broadly categorized into three major types
based on type of the equipment such as aircraft handling system, baggage &
cargo handling system, and passenger handling system. Aircraft support
equipment is considered as one of the fastest growing segment in the aircraft
ground-handling system market with substantial revenue generation in the last
couple of years. . Aircraft support equipment majorly consists of air start
units, refuels, tow bars, wedges, deicing and anti-icing instruments, and
lavatory and water support instruments.
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| Aircraft Ground-handling System Industry |
While, the baggage and cargo support equipment market
segment has also witnessed significant growth, in the recent years as well
owing to the increasing demand for transport wagons, tractors, baggage loaders,
trailers, and containers. Some of the critical factors such as customer
satisfaction, improvements in the aircraft turnaround time, superior airport’s
operational efficiency, automation of various airport services, and a rise in
air travel across the globe are fostering the growth of baggage and cargo
support equipment segment, in the recent years.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
aviation industry, increase in domestic traveling, and existence of
well-established industrial infrastructure in the region.
Asia-Pacific region is predicted to hold major market
share in the aircraft ground-handling system market with massive growth in the
forecast period. Countries such as India, China, Japan and Singapore are
leading the Asia-Pacific market with strong economic growth, increasing
customer base for airlines, and significant investment by leading industry
players considering potential growth opportunities in the region.
The key players in the ground handling system are Dubai
National Air Transport Association, Havas S.A., John Bean Technologies AeroTech
SLU, SATS LLC, AERO Specialties, Inc., Aircraft Service International Group
(ASIG), Inc., Imai Aero-Equipment Mfg. Co., Ltd., WeihaiGuangtai Airports
Equipment Co., Ltd., Mallaghan Engineering Ltd., and Swissport International
Ltd..
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