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Ground Handling Software Market Emerging Growth Analysis, Future Demand and Business Opportunities 2028

04-24-2023 08:54 AM CET | IT, New Media & Software

Press release from: Premium Market Insights

Ground Handling Software Market

Ground Handling Software Market

The "Ground Handling Software Market" size is expected to grow from US$ 2959.17 million in 2021 to US$ 4431.98 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

US airports face significant challenges in securing financing for ground handling software due to the ongoing modernization of airport infrastructure, which aims to improve the passenger experience and promote greater airline competition. To address this issue, the US government has announced plans to provide significant funding of US$1.187 billion for airport safety and infrastructure grants. US$731 million will be allocated to the Airport Improvement Program (AIP), while US$455 million will be allocated to supplemental discretionary grants. The investment in airport infrastructure is expected to result in numerous projects that are set to be completed by 2022.

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Companies Profiled in this report includes:

• Arepo Solutions Ltd.
• Avtura Limited
• Damarel Systems International Ltd.
• INFORM GmbH
• Quantum Aviation Solutions
• Quonext
• 1RESA Airport Data Systems
• SITA
• TOPSYSTEM SYSTEMHAUS GMBH
• Wiseleap

Impact of COVID-19 Pandemic on Asia Pacific Ground Handling Software Market
The impact of the COVID-19 crisis was significant on two of the key markets in the APAC region, namely India and China. In response, the governments of APAC countries implemented measures such as lockdowns to mitigate the negative effects of the pandemic, which had adverse effects on various industries. The COVID-19 outbreak was an unprecedented global public health crisis, affecting a large population across the world.

In terms of airport construction and expansion, APAC has the highest number of projects, with China and India leading in investments and numbers. However, due to the COVID-19 pandemic, both countries were severely impacted, leading to a halt in construction activities and affecting the supply chain. Moreover, airport operations were temporarily suspended, resulting in a slowdown in technology adoption among airport authorities, airlines, and ground handlers, ultimately impacting the market share of ground handling software in 2020.

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Ground Handling Software Market Segmentation:

By Airport Class:
• Class I
• Class II
• Class III
• Class IV

By Application:
• Terminal Side
• Airside
• Landside

By Software Type:
• Passenger Boarding & Departure Control
• Baggage Management
• Security Management
• Automated Cargo & Load Control
• GSE Tracking (Telemetry)
• Ramp Management

The airports in the region experienced a decrease in revenue due to the declining number of passengers until the governing authorities suspended airport operations. Despite having multiple airport construction and expansion projects lined up for completion by 2020 and 2021, the temporary shutdown of construction activities slowed down the adoption rate of technologies, adversely affecting the growth of the ground handling software market.

The ground handling software market analysis is divided into segments based on airport class, application, software type, and geography. In terms of airport class, the market is categorized into Class I, Class II, Class III, and Class IV. Furthermore, the market analysis by application includes segments such as terminal side, airside, and landside. The software type segment is classified into several categories, including passenger boarding & departure control software, baggage management software, security management software, automated cargo & load control software, GSE tracking (telemetry) software, and ramp management software. Lastly, the global market is geographically segmented into five major regions, which are North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

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