Global Aircraft Ground Handling System Market was valued at US$ 118.73 Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Airports across the globe are getting modernized and looking towards expansion measures with improvised infrastructure services, and technological advancements to decrease delays in operations at airports. The ground handling systems are play a vital role to minimise the error , which is based on on-time-performance (OTP). The modernization and expansion are expected to drive the market growth. Additionally, initiatives taken by airport authorities and governments across the globe are expected to boost the growth of the aircraft ground handling system market.
Stringent government regulations like FAA advisory circular, IATA standards and EASA directives are increasing the growth in the global aircraft ground handling system market.
On the other hand, the high initial costs, expensive replacement and quality issues are expected to hamper the maket growth during the forecast period. The industry possesses a constant threat of aircraft collisions with the ground equipment and suffers major losses because of the collisions. The manufacturers are compelled to use innovative technologies such as aircraft proximity detector (APD) that warns about upcoming obstacles.
An Increase in the passenger and freight traffic are expected to drive the commercial aviation segment demand across the globe. Also, growing geopolitical instability is expected to drive the requirements for expansion of national security aircraft fleets.
Based on the application, the aircraft handling system is expected to hold the largest share in the global aircraft ground handling system market during the forecast period. The growing passenger traffic and increasing turnaround led to the development of efficient and innovative systems. Additionally, support from airport authorities for major investments for RD and new innovations in this equipment will propel this segment’s growth. Aircraft handling contains the support equipment such as refuelers, start units, chocks, jet air starter, tow bars, Tow Tractors, de-icing, anti-icing system, and hydraulic testing units.
Region-wise, North America held the highest share in the global aircraft ground handling system market in 2018 and expected to continue dominance during the forecast period(2019-2026). The increasing focus of airport authorities towards enhancements in the efficiency of operations for satisfying demands of rising passenger traffic are expected to boost the market growth in the region.
The objective of the report is to present a comprehensive analysis of Global Aircraft Ground Handling System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Aircraft Ground Handling System Market dynamics, structure by analysing the market segments and project the Global Aircraft Ground Handling System Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aircraft Ground Handling System Market make the report investor’s guide.
Global Aircraft Ground Handling System Market Scope: Inquire before buying
Global Aircraft Ground Handling System Market, by Technology
• Conventional System
• Electrical and Hybrid System
Global Aircraft Ground Handling System Market, by Application
• Passenger Handling
• Cargo Handling
• Aircraft Handling
Global Aircraft Ground Handling System Market, by Region
• North America
• Middle East Africa
• South America
Key Players operating in the Global Aircraft Ground Handling System Market
• John Menzies
• Cavotec SA
• JBT AeroTech
• Weihai Guangtai Airports Equipment Co. Ltd
• Bharat Earth Movers Ltd
• SAAB Group
• Bliss-Fox Ground Support Equipment Ltd.
• IMAI Aero-Equipment Mfg. Co.
• Aviapartner Nv
• Gate Gse
• Aero Specialties
• Mallaghan Engineering Ltd.
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