Press release
Ground Handling Systems Market Share, Demand And Forecast 2033
Ground Handling Systems Market Share
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19493&type=smp
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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/ground-handling-systems-global-market-report
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19493&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ground Handling Systems Market Share, Demand And Forecast 2033 here
News-ID: 3788965 • Views: …
More Releases from The Business research company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Ground
Advanced Ground Traffic Control Platforms Enhance Airport Ground Operations Mana …
What Is the Expected Size and Growth Rate of the Ground Handling Systems Market?
The market size of ground handling systems has been experiencing robust growth in the recent past. A significant increase is forecasted, raising its value from $5.79 billion in 2024 to $6.31 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period is due to factors such as the…
URBAN GROUND RESORT ASSAULT
On the evening of November 1, 2023, the Founder and President of Urban Ground Resort, LLC, Oliver B. Mitchell III, were physically assaulted by an individual who claimed to be sixteen (16) years of age who were caught in an uncompromising situation, who in his best defense then accused Mr. Mitchell of a baseless slander.
The incident is described as a sexually motivated hate crime and is currently under investigation.…
Airport Ground Support Vehicles Market | Aeroservices, Alvest(TLD), COBUS Indust …
The global airport ground support vehicles market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the airport ground support vehicles market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving…
ON HIGHER GROUND
Your company will now experience complete flexibility in adapting to dynamic business needs quickly, easily and cost-effectively with Unitile - a leading brand for raised access floor systems
Idris Rojkotwale, Executive Director, United Office Systems Pvt Ltd
The business landscape has undergone a major transformation, and your workspace needs to keep up with the fast-paced working environment of today - maximising both individual comfort and worker efficiency while minimising costs.
Today's office design…
Ground Military Robotic Market
Military robots are autonomous robots or remote-controlled mobile robots designed for military applications, from transport to search & rescue and attack.
According to this study, over the next five years the Ground Military Robotic market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales…
Ground Surveillance Radar (GSR) Market Report 2018: Segmentation by Type (Short- …
Global Ground Surveillance Radar (GSR) market research report provides company profile for Saab, SRC, Belgian Advanced Technology Systems (BATS), Kelvin Hughes, Thales Group, Lookheed Martin, FLIR Systems, TERMA, Honeywell and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year…
