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Aircraft Ground Handling System Market s Thriving Worldwide 2025 | Celebi, Swissport, Celebi, Sats Ltd., Bhadra International, Dnata, Air+Mak, and John Menzies plc & More

03-13-2020 06:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Aircraft Ground Handling System Market s Thriving Worldwide

According to Market Study Report, Aircraft Ground Handling System Market provides a comprehensive analysis of the Aircraft Ground Handling System market segments, including their dynamics, size, growth, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Aircraft Ground Handling System market.

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.

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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.

The growing adoption of innovative technologies including cloud computing and Internet of Things (IoT) in ground handling systems will help airport operators for faster services. The smart baggage tags concept utilizes IoT to track baggage locations for passengers as well as airport operators. Additionally, it provides information regarding the arrival of baggage after the flight landing. The cloud computing technology enables ground operators to integrate all data of airports on a single platform to enhance the operational accuracy. These technological integrations will support the aircraft ground handling system market growth over the forecast timeframe.

Rising air passenger traffic across the globe has enabled industry players and government to develop and upgrade existing airport infrastructure to enhance the air travel experience. The airlines are focused on enhancing passenger experience with faster services. Airport operators are adopting advanced technologies to reduce the delay in operations and support airline carriers to perform their departures on time. This will reduce aircraft on ground time and help airlines to enhance their profits. The five-minute delay in the departure of airlines owing to operational delays will lead to USD 35 million revenue loss for large airlines. All these will support the aircraft ground handling system market growth.

The ground handling operators require a wide range of equipment including caster beds, pallet trailers, and lift trucks. This will contribute to a high initial set-up cost of the system. Additionally, higher costs associated with the maintenance and replacement of components may limit the market expansion over the projected timeframe. The airlines are adopting technologies including Aircraft Proximity Detectors (APD) to reduce collision with ground handling equipment.

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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.

Major players in the aircraft ground handling system market include Celebi, Swissport, Celebi, Sats Ltd., Bhadra International, Dnata, Air+Mak, and John Menzies plc. The other notable industry players include CargoTec, PrimeFlight, RampSnake, Cavotec SA, and JBT AeroTech. Long-term contracts with airport operators are among the key strategies adopted by industry players to enhance their market share in the aircraft ground handling system market. For instance, in June 2018, Celebi received a 10-year contract from Bangalore International Airport (BIAL), India. This contract enables Celebi to expand its presence in India and increase market share.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aircraft Ground Handling Systems Industry Insights
Chapter 4. Aircraft Ground Handling System Market, By Application
Chapter 5. Aircraft Ground Handling System Market, By Region
Chapter 6. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/aircraft-ground-handling-system-market/

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Global Aircraft Braking System Market Research Report 2018

In this report, the global Aircraft Braking System market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/global-aircraft-braking-system-market-research-report-2018/?utm_source=RR-PSR

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