North America Aircraft Ground Handling System Market is expected to witness exponential growth during the next few years - Key Players Swissport, SATS Ltd, Celebi Aviation Holding, Cavotec, dnata, Cargotec
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Technological advancements have also improved cargo handling operations in recent years. With the introduction of the smart baggage concept, airline operators and passengers can now track baggage location more easily. Furthermore, the integration of cloud computing technology in cargo handling systems has enabled ground operators to utilize insights to offer enhanced operational accuracy. Such advancements will certainly foster the aircraft ground handling systems market from cargo applications over the years to come. Indeed, estimates claim that cargo handling applications will dominate the aircraft ground handling system industry share over 2019-2025.
The growing reliance on air transportation will thus augment the aircraft ground handling system industry trends in the coming years. For instance, reports from IATA (International Air Transport Association) 2018 outlook estimate that the number of aviation passenger will double by 2035, while around 39,000 new aircraft, valued at $5.9 trillion, will be required in the same period, boosting the requirement of efficient ground handling systems in the years to come.
Top Company Profiles:
3. John Menzies plc
5. Cavotec SA
7. JBT AeroTech
10. Sats Ltd.
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Frequently varying weather conditions and heavy snowfall in regions like Europe and North America are also known to significantly affect airport and aircraft operations. Indeed, frozen contaminants can generate rough and uneven surfaces on an aircraft, disrupting smooth air flow and greatly degrading the ability of the wing to generate lift. Large pieces of ice deposits also pose a threat, as it can be ingested in engines or hit propellers causing catastrophic failure or crash. Ice formation on runways also affects an aircraft’s braking capability severely. In a bid to avoid such scenarios, most airports include de-icing trucks that spray chemical and fluids on airplane wings, tail and runways to remove as well as prevent the build-up of snow and ice for efficient airport operation and passenger safety.
Speaking on the geographical proliferation, North America is anticipated to emerge as a viable revenue ground for aircraft ground handling system market, primarily on account of the rising demand for airport infrastructure development. According to ACI-NA’s (Airports Council International-North America) report, American airports currently require over $128 billion worth of investment in over the next five years for developing new infrastructure to improve travel experience for millions of passengers.
Additionally, air passenger traffic in the region is stimulating the renovation of existing airport infrastructure. For instance, in February 2019, it was announced that New York’s John F. Kennedy International Airport’s Terminal 8 will undergo a $344 million overhaul as part of a $13 billion redevelopment of the city’s main international gateway. In February 2019, the government even gave the nod for a $1.1 billion investment for the remodeling of the Pittsburgh International Airport in order to ensure higher passenger traffic and quicker departures. Initiatives such as these would, in consequence, majorly impact the North America aircraft ground handling system market, which incidentally, is touted to lead the industry share over 2019-2025.
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Aircraft ground handling systems command deployment across several services and operations spanning the aviation sector, such as baggage handling, passenger transportation, aircraft fueling and servicing, de-icing and more. Growing air traffic and the rising air travel proportion in the coming years is thus anticipated to foster market growth.
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