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
Asia Pacific is the fastest growing region in the aircraft ground handling system market over the study timeframe. Increasing tourism coupled with the opening of new airports in the region will support market growth. For instance, in May 2018, Beiging International Airport authority announced that a new airport will be operational from October 2019 and will be able to accommodate 620,000 flights per year. Additionally, regional economic expansion will further provide new opportunities for market penetration.
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3. Aircraft Ground Handling System Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Technology landscape
3.5. Regulatory landscape
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. Latin America
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The passenger handling system is estimated to generate significant revenue by 2025. The segment is showing a significant growth rate owing to the growing air travel for business & tourism activities. The passengers demanding faster & advanced services from airline operators will force the operator to invest in the passenger handling system. The IATA has forecast that the air passenger traffic will reach USD 7.8 billion by 2036. All these will support the aircraft ground handling system market penetration.
The cargo handling system will generate maximum revenue and hold its dominance in the aircraft ground handling system market over the forecast timeframe. This can be credited to the growing air cargo activities across the globe. IATA announced in their cargo strategy report 2018 that the air cargo industry accounts for 35% of the global trade value in 2017. The pharmaceutical industry is significantly relying on air cargo services owing to the speedy transportation of high-value and temperature-sensitive products such as vaccines. In 2017, the pharmaceutical industry spent USD 13.4 billion on temperature-controlled cargo.
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North America aircraft ground handling system market holds its dominance over the forecast timeframe. The dominance is owing to the increasing infrastructural activities to support the growing air cargo demand and passenger traffic in the region. For instance, in February 2019, Pittsburgh International Airport got approval from the government to invest USD 1.1 billion in the infrastructural development. The development will help the airport to accommodate higher passenger traffic and make on-time and faster departures and is expected to complete by 2023.
North America aircraft ground handling system 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.
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