Ground Support Equipment Market Current Trends Analysis and Technological Advancements by 2023

Ground support equipment (GSE) enable to handle passengers & baggage, aircraft mobility, repair, service, and maintenance functions. On the basis of demand in the market, Asia-pacific and Middle East are the market leaders, owing to increase in air traffic and rise in number of airports and airplanes.

Traffic improvement in India observed increase of 27% in 2016, and similar increment is observed in Asia-Pacific, Middle East, and Africa. Reduction in air traffic (9%) has observed in North America and Europe as compared to Africa and Middle East. On the contrary, North America is the global leader for supply of GSE followed by Europe. China dominates the manufacturing activities in the Asia-Pacific region.

The ground support equipment market was valued at $12 billion in 2016, and is projected to reach at $24 billion by 2023, growing at a CAGR of 10.3% from 2017 to 2023.

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Rise in air traffic & cargo, increased focus of airports on enhancement of operational efficiency, and high service standards are expected to drive the growth of the global GSE market. However, high costs involved in the purchase, installation, and maintenance of the equipment are expected to hamper the market growth during the forecast period. Increased focus towards procurement of greener GSE, outsourcing of maintenance, repair, and operations (MRO) to third party, and emerging use of wireless technologies are expected to provide lucrative opportunities for the GSE market growth.

In 2016, the powered equipment accounted for the highest revenue share among the types of GSE in the global ground support equipment market due to the higher price of the equipment as compared to the non-powered ones. In addition, non-powered equipment are expected to witness the highest growth during the forecast period. Moreover, aircraft handling among the GSE applications dominated the global ground support equipment market in 2016. However, cargo handling is expected to grow at the highest pace during the forecast period.

The LAMEA ground support equipment market is estimated to grow at the highest rate due to rise in number of airports, which required increase in number of these equipment.

Key Market Players:
•Tug Technologies Corporation
•GATE GSE
•Weihai Guangtai Airports Equipment Co., Ltd.
•Imai Aero-Equipment Mfg. Co. Ltd.
•Mallaghan Engineering, Ltd.
•AERO Specialties, Inc.
•Cavotec SA
•Flightline Support Ltd.
•JBT Corporation
•Douglas Equipment Ltd.

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Top Impacting Factors

According to the current and the future impact of the various factors impacting the global ground support equipment market, increased focus of airports on enhancing operational efficiency, increase in air traffic and cargo, and increased focus towards procurement of green GSE are projected to have a positive influence on the market during the forecast period. In addition, emerging use of wireless technology and high service standards are expected to boost the market growth. However, the impact of factors such as high costs involved is expected to diminish during the forecast period.

Increased Focus of Airports on Enhancing Operational Efficiency

Airports are making large and significant improvements to increase their operating efficiency and decrease the turnaround time. The emergence of underground GSE has helped enhance the speed of operations and has reduced the congestion of equipment on the airport. In 2012, Auckland airport deployed the Cisco IP Interoperability and Collaboration System (IPICS) solution, a solution that simplifies daily radio dispatch operations and allows organizations to rapidly respond to incidents, emergencies, and facility events, to improve its communication system and operational efficiency. The benefit of enhancing operational efficiency is that it helps in the reduction in the operational cost and increases profit. Therefore, it is important for the airport authorities to have competent ground support equipment.

Increase in Air Traffic and Cargo

Significant increase in the number of air passengers and cargo transportation has been witnessed across the globe. In addition, this growth is projected to continue throughout the forecast period, which is anticipated to increase the adoption of advanced GSE by airports. For instance, according to the World Bank, the number of air passengers worldwide increased by 6.9% in 2015 as compared to that in 2014. According to International Air Transport Association (IATA), 52.2 million metric tons of cargo was transported in 2015 and is predicted to increase at a 4.1% CAGR for the next 5 years. Thus, growing number of passengers as well as cargo has augmented the demand for ground support equipment.

Increased Focus Towards Procurement of Greener Gse

Clean and green environment is the need of the hour. Authorities presently focus on procurement of greener GSE that conforms to the stringent emission norms imposed by governments. Greener GSE would insure the reduction in the carbon footprint. Use of power coating paint instead of liquid painted GSE, manufacturing design equipment that can be folded or taken apart to maximize shipping size, use of electric vehicles, recycling of equipment are some examples of how airports can focus on greener GSE. Huge investment in research & development are made to accomplish the same.

Key Findings of the Ground Support Equipment Market:

•The non-powered equipment are expected to exhibit a significant increase in the ground support equipment market growth during the forecast period.

•In 2016, aircraft handling generated the highest revenue among other GSE applications.

•LAMEA is anticipated to exhibit a substantial growth during the forecast period.

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