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Leading Growth Driver in the Airside Services Market in 2025: Surge In Commercial Aviation Is Anticipated To Fuel The Airside Services Market Driver's Influence
Airside Services Market Size
The expansion of the commercial aviation sector is anticipated to boost the airside services market's growth. The term commercial aviation pertains to the segment of the aviation business that involves the operation of aircrafts for financial gain, mainly to carry passengers and freight. Airside services are vital for the effective running of commercial aviation as they ensure safe, efficient, and on-time aircraft operation, which aids the overall process of transporting passengers and cargo at the ground level of airports. For instance, a report by the Bureau of Transportation Statistics, a government agency based in the US, revealed that in 2022, US airlines ferried 194 million additional passengers compared to 2021, indicating a 30% annual rise. Additionally, from January to December 2022, US airlines catered to 853 million passengers (unadjusted), an increase from 658 million in 2021 and 388 million in 2020. Consequently, the commercial aviation sector's expansion is stimulating the growth of the airside services market.
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What is the future CAGR of the airside services market, and how will it impact industry expansion?
The increase in the airside services market scale has been significant in the last few years. It's projected that the market will escalate from $4.85 billion in 2024 to $5.35 billion in 2025, displaying a compound annual growth rate (CAGR) of 10.3%. Factors contributing to the expansion in the historical phase include a surge in air travel, development of airport facilities, growing need for airside services, the evolution of budget airlines, and the influence of globalization, security issues, and policies.
Expectations are high for substantial growth in the airside services market size in the coming years. The estimated increase is to about $7.74 billion in 2029, with a compound annual growth rate (CAGR) of 9.7%. This expected elevation during the forecast period is due to the progression of air travel patterns, emphasis on sustainability and adherence to environmental regulations, the incorporation of artificial intelligence (AI) and automation, advancements in e-commerce and drone cargo logistics, and the expansion of emerging markets. The forecast period also foresees major trends such as strategic partnerships, automation and robotics, on-the-spot data analytics and AI, environment-friendly and sustainable technologies, and biometric technologies.
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What are the most significant trends transforming the airside services market today?
Technology advancements are becoming a crucial trend in the airside services market. To maintain their competitive edge, leading companies in this market are embracing these new technologies. For example, in May 2023, Honeywell International Inc., a tech and manufacturing company based in the US, unveiled an enhanced range of airside solutions. This includes the NAVITAS Smart Visual Docking system and a combined ramp management system. When a ramp management system and cyber-secure airfield solutions are combined, they heighten arrival preparedness, support docking processes, streamline aircraft turnarounds, and manage departures more effectively. The Smart Visual Docking system supports accurate and well-informed gate operation decisions. These solutions help optimize gate operations, boost pilots and airside operations teams' situational awareness, which results in a reduction in aircraft turnaround times.
Which key market segments comprise the airside services market and drive its revenue growth?
The airside services market covered in this report is segmented -
1) By Platform: Hardware, Software, Services
2) By Service: Ramp Handling, Ground Handling, Aircraft Maintenance, Fuel And Oil Handling, Traffic Control, Other Services
3) By Airport Class: Class A, Class B, Class C, Class D
4) By Application: Commercial Airports, Military Airports
Subsegments:
1) By Hardware: Ground Support Equipment (GSE), Baggage Handling Systems, Fueling Systems, Aircraft Towing Equipment
2) By Software: Air Traffic Management Software, Flight Operations Software, Maintenance Management Systems, Resource Allocation Software
3) By Services: Ground Handling Services, Ramp Services, Passenger Services, Cargo Handling Services
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What regions are at the forefront of airside services market expansion?
North America was the largest region in the airside services market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the airside services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the airside services market?
Major companies operating in the airside services market include United Aviation Services, Honeywell International Inc., Aeromexico Servicios, Acciona S.A., Worldwide Flight Services (WFS), Dnata, Aviapartner Holding NV, BBA Aviation plc, Singapore Airport Terminal Services Ltd, DAL Global Services LLC, Menzies Aviation Limited, John Menzies Plc., SATS Ltd., PrimeFlight Aviation Services, Flughafen München GmbH, Saudi Ground Services Company, NAS Airport Services Limited, Celebi Aviation Holding, Aviator Airport Alliance AB, Sky Handling Partner, JetEx Flight Support, Aircraft Service International Group Inc., Transworld Aviation FZE, Universal Aviation Corporation, SAS Ground Handling, Aloha Group, Alitalia Airlines, Servisair, Aero Ground Handling (AGH).
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What Is Covered In The Airside Services Global Market Report?
• Market Size Forecast: Examine the airside services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the airside services market for a structured understanding.
• Key Players Overview: Analyze major players in the airside services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the airside services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the airside services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the airside services market.
• Industry Challenges: Identify potential risks and obstacles affecting the airside services market.
• Competitive Landscape: Review strategic developments in the airside services market, including expansions, agreements, and new product launches.
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