Ground Handling Software Market Emerging Demands, Current Trends, Latest Industry Size, Growth, Share and Competitive Landscape Forecast, The Insight Partners

According to our new research study, titled "Ground Handling Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Airport Class, Application, Software Type, and Geography," the market share is projected to reach US$ 4,431.98 million by 2028 from US$ 2,959.17 million in 2021. The market size is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

Players in the ground handling software market have lucrative opportunities in the coming years, pertaining to the rise in the construction of smart airports across the world. The development of smart airports requires increased volumes of advanced technologies and software in an effort to ease the operations at the terminal side, airside, and landside, leading to an increase in the market size. In addition, several airport authorities and governments across the globe have adopted terminal expansion strategies, which are anticipated to complete by 2022. Thus, rising investment towards terminal expansion is generating high demand for software solutions, which is supporting the ground handling software market growth.

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 The privatization of airports in developing economies, such as India and Japan, is expected to encourage investments in modern ground handling software technologies to manage the rising passenger volume. As a result, the privatization of airports is likely to drive industry expansion in the next few years. The necessity of airport ground handling software is expected to be fueled by the uptake of sophisticated technology for airport handling with systems, such as electric aircraft tugs, fueling automation systems, and augmented reality (AR) glasses for ramp handling operations.

The continuously rising passenger footfall in every airport across the globe is pressurizing the airports, airlines, and ground handling companies to adopt robust IT infrastructure to cater to passenger demands with ease and efficiency. The increasing number of passenger counts reflects a rise in the number of aircraft fleets in different regions, showcasing escalation in airside operations, generating substantial demand for the airside market. In addition, the security management teams are also monetizing towards advanced software solutions to administer better at the airport areas, which is again triggering the ground handling software market growth during the forecast period.

The Prominent Players are:

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

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The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2021-2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Ground Handling Software market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Ground Handling Software market?
What are the prominent market trends influencing the development of the Ground Handling Software market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Ground Handling Software market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

Impact of COVID-19 Pandemic on Ground Handling Software Market

The COVID-19 outbreak had dramatically impacted the global economy during its peak in 2020, and the crisis has hampered the business activities in the IT industries. Until the outbreak of COVID - 19, the market was experiencing substantial growth in terms of production and services, despite huge backlogs from aircraft manufacturers. However, post-pandemic, the global aviation industry witnessed a significant rise in the passenger count, an increase in aircraft procurement, and a surge in MRO activities.

Since the COVID-19 pandemic emerged, the entire aviation industry has come to an unscheduled halt across the world. The suspension of passenger air transport by the airlines, governments, and airport authorities affected several associated industries. The repatriation flights and air freight business continued to function during the pandemic. However, since the operations at every airport are significantly restricted to the businesses mentioned above, end users struggled to gain profits. This factor is expected to limit the adoption of advanced technology among end users, as gaining aeronautical revenue would be the end user's priority as the airports begin operating.

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Ground Handling Software Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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