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Ground Handling Systems Market Share, Demand And Forecast 2033
Ground Handling Systems Market Share
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According to The Business Research Company's, The ground handling systems market size has grown strongly in recent years. It will grow from $5.34 billion in 2023 to $5.79 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing air travel demand, expansion of airports, rising safety and security regulations, the need for efficient turnaround times, and growth in low-cost carriers.
The ground handling systems market size is expected to see strong growth in the next few years. It will grow to $8.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the rise of sustainable and green technologies, increasing adoption of IoT and data analytics, expansion of airport infrastructure in emerging markets, heightened focus on operational efficiency, growth in the air cargo sector, the evolution of smart airport concepts. Major trends in the forecast period include the integration of AI and automation technologies, advancements in electric and hybrid ground support equipment, adoption of real-time data analytics for operational efficiency, heightened focus on sustainability and eco-friendly practices, and expansion of digital platforms for streamlined communication.
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Market Drivers and Trends:
The growing air travel is expected to propel the growth of the ground handling systems market going forward. Air travel involves moving between locations using aircraft such as planes or helicopters favored for speed and efficiency, making it ideal for international and domestic journeys. Air travel rises due to expanded airline routes, higher global trade volume, and international tourism. Ground handling systems provide essential services, ensuring aircraft are ready for flight, passengers are managed efficiently, and cargo is handled securely. These systems enable the complex logistics of air travel to operate smoothly, ensuring safety, efficiency, and a positive travel experience for passengers. For instance, in December 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), the EU witnessed a significant surge in air travel, with the total number of passengers reaching 820 million in 2022, marking a substantial increase of 119.3% compared to the previous year. Therefore, growing air travel is driving the growth of the ground handling systems market.
Major companies operating in the ground handling systems market are developing advanced ground traffic control platforms to improve the overall management of airport ground operations. Ground traffic control platforms are specialized systems designed to manage and coordinate aircraft, vehicles, and personnel on airport surfaces, using integrated technologies to ensure safe, efficient operations and reduce collision risks. For instance, in March 2024, Moonware, a US-based aviation technology company, partnered with Aero Charter Inc., a US-based ground handler, to launch HALO. It uses real-time data to optimize resource allocation, reducing aircraft turnaround times and boosting operational efficiency. It is accessible via mobile and web applications, enabling ground crews and operations teams to manage tasks effectively. The platform features an intuitive interface for ramp agents to coordinate activities, offering a comprehensive view of flight schedules, staff management, vehicle tracking, and performance metrics through a centralized dashboard. HALO provides insights into operational efficiency, staff performance, and resource allocation, supporting strategic fleet and network planning decision-making.
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Major Key Players of the Market:
Swissport International AG, ABM Industries Inc., Qantas Airways Limited, Munich Airport GmbH, SATS Ltd., Beumer Group, Menzies Aviation Limited, Worldwide Flight Services, Aviapartner Group, Tronair Inc., Mallaghan Engineering Ltd., TAV Technologies, Baltic Ground Services, Myanmar National Airlines Company Ltd., Aero Specialties, PrimeFlight Aviation Services Inc., Imai Aero-Equipment Mfg. Co. Ltd., Skyplan Services Limited, Aerohandling, Belau Transfer and Terminal Company, Alvest Equipment Services, AGI-CFI Holdings Inc.
Ground Handling Systems Market 2024 Key Insights:
• The ground handling systems market size is expected to see strong growth in the next few years. It will grow to $8.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
• Surge In Air Travel Boosts the Ground Handling Systems Market Growth
• Advanced Ground Traffic Control Platforms Enhance Airport Ground Operations Management
• North America was the largest region in the ground handling systems market in 2023
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