Ground Handling System Market Outlook and Forecast Analysis by Types to 2022
31th Dec 2020 - The global Ground Handling System Market size is expected to value at USD 189.09 billion by 2022. The ground handling system industry 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 ground handling system is predicted to grow at a
significant CAGR in the forecast period, providing numerous opportunities for
market players to invest in research and development in the ground handling
system.
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System Market Report with TOC @ https://www.millioninsights.com/industry-reports/ground-handling-system-market
Rising demand for
sophisticated services for airport operations and airline services 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. In addition,
shifting trend towards adoption of electric propulsion instead of fossil fuels
is considered as key growth factor for ground handling system industry, 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,
requirement for optimization of operations at the peak time is expected to
negatively influence industry growth to a certain extent.
Ground
Handling System Equipment Outlook (Revenue, USD Billion, 2012 - 2022)
•
Aircraft handling
•
Baggage & cargo handling
•
Passenger handling
The key players in the ground handling system industry 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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Ground Handling System Regional Outlook (Revenue, USD Billion, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
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