Global Aircraft Tugs Market Projected to Experience Major Revenue Boost during the Period between 2018-2027| Industry players- Textron GSE, JBT Corporation, TREPEL Aircraft Equipment GmbH, TLD Group SAS, LEKTRO Inc.
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Aircraft tugs with towbars have prevailed as a traditional go-to equipment for towing aircrafts. However, the aircraft tugs with towbars have been associated with limited speed, cost-intensive staff training, and time-intensive installation. Recognizing these concerns the aircraft tugs manufacturers have been joining forces for the development of advanced solution to offset operational risks and uncertainties related to towing aircrafts. This has further led the development of towbarless aircraft tugs. Collaborative development of eJP Towbarless Tug by Eagle and Tronair is a key example of such development in the recent past.
Growing GSE Investment Owing to New Schedule of IATA for ISAGO Audits
Airline continue to face a wide range of challenges, including design and productivity, apropos of the ground support equipment (GSE), which has driven the requirement for multi-pronged approaches. These approaches include improved staff training methods, emphasis on new technologies, and better safety audits. Sensing beneficial prospects of global standards associated with GSE policies and procedures, the Safety Audit for Ground Operations (ISAGO) model was introduced by the IATA in 2008.
IATA has recently rescheduled the model, retaining previous goals of the auditor efficiency and training/qualification, improved ground safety, and elimination of duplicate audits. Improvements in ground safety is estimated by the IATA to save nearly US$ 4 billion every year. This has led GSE manufacturers to focus on investments associated with design & development of equipment, including aircraft tugs. Focus of the aircraft tugs manufacturers is now witnessing shift toward optimizing solutions to deliver intelligence that extends beyond the equipment’s location and status.
Electric Aircraft Tugs to Gain Rapid Momentum
Ease-of-handling and reliability of the electric aircraft tugs, a relatively newer development, is significantly higher than the gasoline-based and gas-based aircraft tugs. As a result, airlines are now focusing on the use of electric aircraft tugs, to rid routine maintenance requirements linked with the gasoline- and gas-powered variants. Improvements in the battery technology, from the low-density lead-acid batteries to high-flux lithium ion batteries with SiC films, has led the gradual inclination of the aviation industry to electric GSE. Prominent aircraft tugs market players have already launched electric aircraft tugs, such as E200 of Aero-Tow, ThunderVolt of PowerTow, and Dragger’s Nose-Dragger NDE-1. Electric aircraft tugs are expected to become the primary choice of equipment to tow aircrafts in the near future.
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Self-Driving Vehicle Technology to be a Key Focus Area of Development
Self-driving vehicle technology has been witnessing robust application in the development of aircraft tugs to facilitate aircraft towing at busy aircrafts. Airline field operators and GSE equipment manufacturers have been focusing on the development of self-driving aircraft tugs, supervised by ATC controllers, ground crew, or pilots. Increased concentration on ensuring effecting and safe towing of aircraft in highly dynamic environment. Self-driving aircraft tugs are likely witness bright future prospects, with the potential for significant reduction in fuel emissions, community noise, and fuel costs, meanwhile addressing added complexity of the air terminal operations.
Strong Emphasis of Airlines on Curtailing Operational Time
Rise in airport expansion worldwide continue to favor growth of the GSE equipment industry, and aircraft tugs are no exception. The IATA estimates over 50% of the global population to prefer air travel by the end of 2036, which has led airports worldwide to focus more on efficient utilization and optimization of GSE, thereby impacting aircraft tugs development and sales. Emphasis on reduction in service time per flight that varies with greater rate of air traffic has led to fast replacement of aircraft tugs with towbars with towbarless aircraft tugs. In addition, preference is witnessing a shift from gasoline-based aircraft tugs to electric aircraft tugs for resolving bottlenecks as well as delays in processes, thereby reducing operational costs as a consequence.
FactMR’s report offers a comprehensive assessment of the aircraft tugs market’s competition landscape, and identified and profiles key aircraft tugs manufacturers. Presence of the aircraft tugs market players has been tracked and portrayed via an intensity map. A dashboard view of the aircraft tugs market players has also been offered in the report.
The report offers a detailed analysis on the company overview, product overview, recent development and key financial of the aircraft tugs market players. A SWOT analysis has also been offered on each aircraft tugs market player profiled in the report. Key aircraft tugs market players profiled in the report include Textron GSE, JBT Corporation, TREPEL Aircraft Equipment GmbH, TLD Group SAS, and LEKTRO, Inc.
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