What’s driving the Aircraft Ground Handling System Market trends? |Key Players are Celebi, Swissport, Celebi, Sats Ltd., Bhadra International, Dnata, Air+Mak, and John Menzies plc
Most of the industry giants are investing heavily to bring about technological enhancements in the handling system to avoid aircraft collisions with ground handling equipment. The emergence of IoT and the implementation of proximity sensors in the system will help to improve the handling facility and avoid collisions. The noteworthy players in aircraft ground handling system market are John Menzies, Air+MAK, Swissport, Dnata, Celebi Aviation, SATS Ltd., PrimeFlight, Bhadra International, JBT AeroTech, Cavotec SA, and CargoTec.
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Airport authorities across APAC are increasingly implementing innovative technologies in aircraft systems to provide efficient services to the passengers. Asia Pacific aircraft ground handling system market covered more than 25% of the regional share in 2016 and will generate notable revenue with a considerable annual growth rate over the period of 2017 to 2024. It has been observed that of late, the APAC population has been giving preference to the air transit, owing to the growing urbanization and rise in population.
Many new aircraft companies have been introducing air vehicles to fulfil increasing need of transportation, mainly across Europe. Europe aircraft ground handling system market will generate considerable revenue over the years ahead, pertaining to the rising number of passengers inclined toward air travel and the escalating investments in the development of additional runways and advanced airports. France and Germany are the prominent revenue contributors, having collectively covered 40% of the regional share in 2016.
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Aircraft ground handling system market from aircraft handling will record a substantial CAGR over the coming seven years. To comply with growing number of passengers and fleets, airport authorities are favoring the implementation and development of innovative ideas to provide better service to passengers. Aircraft handling equipment consists of tow tractors, hydraulic testing units, re-fuelers, chocks, de-icing, tow bars, anti-icing system, and jet air starter. Cargo handling is another lucrative product segment of aircraft ground handling system market, which dominated the revenue share in 2016. Surging adoption of this product will augment the aircraft ground handling system industry growth.
North America is a lucrative avenue that fuels the demand for all kinds of handling equipment such as cargo, passenger, and aircraft on a large scale. North America aircraft ground handling system market is slated to dominate the global landscape over the years ahead, primarily driven by the technical improvements to enhance operational efficiency.
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Growing awareness regarding the hazardous effects of carbon emissions and the deployment of stringent norms to reduce the same have brought about a massive change in the business perspective of market players toward the development of battery operated tugs and trucks. Many of the industry giants are now looking forward to develop software based equipment to handle the rising traffic.
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