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Surge In Air Travel Boosts the Ground Handling Systems Market Growth: Key Factor Driving The Growth In The Ground Handling Systems Market
Ground Handling Systems Market
What Is the Expected Ground Handling Systems Market Size During the Forecast Period?
The ground handling systems market size has shown strong growth in recent years. It will grow from $5.79 billion in 2024 to $6.31 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. This growth is attributed to increasing air travel demand, the expansion of airports, rising safety and security regulations, the need for efficient turnaround times, and the growth of low-cost carriers.
The ground handling systems market is expected to reach $8.77 billion by 2029, growing at a CAGR of 8.6%. Growth drivers include sustainable technologies, IoT adoption, airport infrastructure expansion, and air cargo sector growth. Trends include AI and automation technologies, electric and hybrid ground support equipment, and eco-frie
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What Are the High-Growth Segments in the Ground Handling Systems Market?
The ground handling systemsmarket covered in this report is segmented -
1) By Type: Aircraft Support, Baggage And Cargo Support, Passenger Support, Ramp Handling, Other Support Services
2) By Component: Equipment, Service
3) By Application: Commercial Aviation, Military Aviation, Private Aviation
Subsegments:
1) By Aircraft Support: Aircraft Maintenance And Repair Services, Ground Power Units (GPU), Towing And Pushback Services, Aircraft Cleaning Services, De-Icing Services
2) By Baggage And Cargo Support: Baggage Handling Systems, Cargo Loading And Unloading Services, Cargo Screening And Security Services, Baggage Tracking Solutions, Automated Baggage Handling Systems
3) By Passenger Support: Check-In Services, Boarding And Deplaning Assistance, Lounge Services, Wheelchair Assistance And Special Needs Support, Customer Service And Information Assistance
4) By Ramp Handling: Aircraft Loading And Unloading, Ramp Transportation Services, Refueling Services, Ground Handling Equipment, Ramp Safety And Security Services
5) By Other Support Services: Catering And Food Services, Cabin Services, Airport Shuttle Services, Lost And Found Services, Ground Transportation Coordination.
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What Key Drivers Are Expected to Influence Future Ground Handling Systems Market Growth?
Growth in air travel is anticipated to boost the ground handling systems market. This rise is driven by expanded routes, tourism, and trade. Ground handling systems support aircraft operations and passenger services. In December 2023, Eurostat reported 820 million EU air passengers in 2022, a 119.3% increase from the year before. Hence, increased air travel is driving demand for ground handling systems.
Which Companies Hold the Largest Share Across Different Ground Handling Systems Market Segments?
Major companies operating in the ground handling systems market are 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.
What Trends Are Driving Growth in The Ground Handling Systems Market?
Companies in the ground handling systems market are creating advanced ground traffic control platforms to improve airport ground operations. These platforms use integrated technologies to manage aircraft, vehicles, and personnel efficiently. In March 2024, Moonware partnered with Aero Charter Inc. to launch HALO, a platform that optimizes resource allocation and boosts efficiency using real-time data and an intuitive interface for ground crews.
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What Are the Emerging Geographies for The Ground Handling Systems Market Growth?
North America was the largest region in the ground handling systems market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the ground handling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ground Handling Systems Market?
2. What is the CAGR expected in the Ground Handling Systems Market?
3. What Are the Key Innovations Transforming the Ground Handling Systems Industry?
4. Which Region Is Leading the Ground Handling Systems Market?
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