Aircraft Ground Handling Systems MarketGlobal Industry Analysis, Growth, Share, Size, Trends And Forecast 2020 – 2026
The global aircraft ground handling systems market was valued at USD 120 billion in 2019 and is anticipated to reach USD 200 billion by 2026, expanding at a CAGR of 6% during the forecast period, 2020 – 2026. The growth of the market is attributed to the increase in demand for quality services.
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Aircraft ground handling system is the servicing of an aircraft on the ground. It signifies the actions at airports in charge of cargo, facilities, processing passengers, and supplies around parked aircraft. These operations are executed by service providers as per the type of operation. These tasks are contracted via a Service Level Agreement (SLA) that describes the price, quality level, scope, and key performance indicators (KPI). It includes on time performance (OTP), aircraft ramp damage avoidance, the predictability for ATM, and personnel incidents and accidents avoidance. Moreover, it provides condition aircraft cabin temperature, chocking of landing gears, electricity, use of cones, potable water, marshalling, refueling, toilet servicing, pushback, provide access means to the passengers. Additionally, with an increase in automation of aircraft operations inside the airport parking area opportunities such as a reduction in fuel consumption, improved predictability of parking and ground handling delays, reduction in cockpit crew workload, better protection of materials, people, and equipment are increased. Furthermore, it leads to costs reduction, optimization of resources for humans, security and safety benefit, increased awareness of the aircraft status on the ground.
Based on technologies, the global aircraft ground handling systems market is segregated into electrical & hybrid system and conventional system. The electrical & hybrid system is expected to expand at a considerable CAGR during the forecast period owing to reduce emissions caused by aviation and an increase in air transport. On the basis of applications, the market has been categorized as cargo handling, passenger handling, and aircraft handling. The aircraft handling segment acquires a major share of the market due to an increase in passenger traffic, increasing turnaround, and developments for efficient systems. Moreover, airport authorities encourage investments for innovations and R&D. Aircraft handling includes support equipment such as jet air starter, tow bars, refuelers, chocks, Tow Tractors, start units, anti-icing system, de-icing, and hydraulic testing units. The cargo segment is expected to expand at a considerable CAGR during the forecast period due to the rise in adoption of air shipment. In terms of regions, the global action cameras market is fragmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounts for a key share of the market due to an increased focus of airport authorities for the efficiency of operations the region boosts the market. Moreover, the industrial participants in the region are expanding their operations. The market in Europe is projected to grow at a high pace owing to the booming economy with reduced flight fares are boosting the market. Furthermore, the advancements in technology in the market with the implementation of tow-less tractors, sensors, and baggage management systems drive the market in the region.
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