The report segments the global aircraft ground-handling system market by technology (conventional system and electric and hybrid system), by application (aircraft handling, cargo handling, and passenger handling), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global aircraft ground-handling system market, according to Technavio aerospace and defense researchers:
- Modernization and expansion of airport terminals: a major market driver
- In 2017, the aircraft handling segment dominated the market by occupying almost 45% share
- APAC dominated the global aircraft ground-handling system market with more than 41% share in 2017
- ADELTE Group, ALVEST, avro GSE, BEUMER GROUP, and CHARLATTE AMERICA are some of the leading players in the market
Save more with Technavio. Buy 2 reports and get the third for free: View Technavio’s latest discounts and promotions
Modernization and expansion of airport terminals: a major market driver
Modernization and expansion of airport terminals are one of the major factors driving the global aircraft ground-handling system market. The airport terminal is an essential and vital transportation facility that requires modernization over the years to keep pace with the levels of passenger service. Often, the existing airport architecture fails to support the increasing number of passengers and results in congestion. As the aviation industry follows its operations based on on-time performance, airside and terminal infrastructure plays an important role in the efficient management of airport operations.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
APAC: largest aircraft ground-handling system market
The increasing preference for air travel has triggered an increase in the demand for advanced aircraft GHS and equipment that will enhance the operations of existing airports. It has also attracted significant investment in the development of new airports in the region. This has created several opportunities for both regional and multinational suppliers of aircraft GHS.
According to a senior analyst at Technavio for research on aerospace components, “APAC is anticipated to project the highest growth rate during the forecast period in the commercial aviation market. This is because of the increased demand for procurement of newer generation aircraft. With the increase in orders for new-generation aircraft from LCCs, the need for technologically advanced aircraft GHS is also on the rise simultaneously.”
Competitive vendor landscape
The global aircraft ground-handling system market consists of many regional and multinational companies who compete in terms of product quality, cost of manufacturing, reliability, delivery cycle time, and geographical diversifications. As the aircraft ground handling solutions require periodical maintenance services, it becomes essential for vendors to maintain a diversified business footprint.
Get a sample copy of the global aircraft ground-handling system market report free of cost
Access Technavio’s continuously growing aerospace components research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.