Aircraft Ground Handling Systems Market Size worth $190bn by 2025 | Swissport, SATS Ltd, Celebi Aviation Holding, Cavotec, dnata, Cargotec
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North America aircraft ground handling systems market share will hold dominance over forecast timeframe. Increasing shift towards enhancing efficiency of operation demands of rising passenger traffic and infrastructural development to support cargo activity will generate more revenue. For instance, in October 2018 Edmonton International Airport (EIA) of Canada expanded their infrastructure facility to support cargo facility. Additionally, air passenger traffic in region are stimulating the expansion of airport infrastructure and development of new airports. For instance, in February 2019, government approved investment of USD 1.1 billion to remodel Pittsburgh International Airport to make departures faster and accommodate higher passenger traffic.
Passenger handling system will showcase significant growth rate in aircraft ground handling systems market place owing to increasing air passenger traffic across the globe. Growing air travel for tourism and business activities will generate revenue for segment. IATA forecasted air passenger traffic across the globe will reach 7.8 billion in 2036. Additionally, passenger want fast and efficient service experience which will enhance the passenger ground systems demand in near future.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Bhadra International
4. John Menzies plc
6. Cavotec SA
8. JBT AeroTech
11. Sats Ltd.
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The airlines require innovative technologies including aircraft proximity detector (APD) that warn aircraft for upcoming obstacles owing to threat of collision with ground equipment. Integration of these sensors in aircrafts are adding more costs to airline operators. Additionally, high initial cost, expensive replacement and quality issues of system may hinder the aircraft ground handling systems market growth. The ground equipment requires high number of devices to perform various activities and add more costs for airline operators.
The increasing adoption of internet of things (IoT) in ground support functions such as smart baggage concept enables airline operators as well as passengers to track baggage location. Smart baggage tags integrated with mobile applications help passengers to track their bags and provide information including baggage collection location and time required for its arrival. Additionally, integration of cloud computing technology in systems enable ground operator to utilize insights collected across the airport for enhancing operational accuracy. These factors will support aircraft ground handling systems market penetration over forecasted timeframe.
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Major industry participants in the aircraft ground handling systems market place includes Sats Ltd., Swissport, Celebi, Bhadra International, John Menzies PLC, Dnata, and Air+Mak. The other notable players the industry includes, Cavotec SA, CargoTec, RampSnake, PrimeFlight and JBT AeroTech. Contracts with airline operators are among the prominent strategy adopted by industry participant to increase their market share. For instance, in January 2019, Celebi received 10 years contract from Rajiv Gandhi International Airport, India to provide ground handling services This strategy enabled Celebi to expand its presence in India.
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