Press release
Airside Services Market on Path to Hit $7.58 Billion by 2029 at 9.3% CAGR
Airside Services
Airside Services Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for airside services has seen robust growth in the recent years and is expected to further expand from $4.85 billion in 2024 to $5.31 billion in 2025, at a compound annual growth rate (CAGR) of 9.5%. The surge seen in the past years chiefly owes itself to an increase in air travel, airport infrastructure development, escalated demand for airside services, the proliferation of low-cost carriers, globalization, and concerns related to security and regulations.
What Is the Expected CAGR for the Airside Services Market Growth Through 2029?
Anticipated robust growth is likely to carry the market size of airside services to an impressive $7.58 billion in 2029, with a compound annual growth rate (CAGR) of 9.3%. This growth in the incoming years is likely due in large part to emerging trends in air travel, heightened attention to sustainability and environmental regulations, and the implementation of artificial intelligence (AI) and automation. Additionally, the growth of e-commerce and drone cargo logistics along with the expansion of emerging markets all play a role. In the forecast period, strategic alliances, automation and robotics, real-time data analytics and AI, green technologies and biometric technologies will become dominant trends.
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What Are the Primary Drivers Behind Airside Services Market Growth?
The expansion of the commercial aviation sector is set to bolster the rise of the airside services market. Commercial aviation involves the use of aircraft for business purposes, mainly transporting passengers and freight for financial gain. The integral part of this industry, the airside services, ensure the safe, efficient, and punctual operation of aircraft, aiding the entire process of passenger and cargo transportation at the ground level of the airport. For example, the Bureau of Transportation Statistics, a governmental agency based in the USA, reported in March 2023 that in 2022, US airlines carried 194 million more passengers than the previous year, equating to a yearly increase of 30%. Moreover, between January and December 2022, US airlines catered to 853 million passengers (unadjusted), marking an increase from 658 million in 2021 and 388 million in 2020. Hence, the burgeoning commercial aviation sector is fuelling the expansion of the airside services market.
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What Are the Key Segments Driving Airside Services Market 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
What Are the Technological Trends Impacting the Airside Services Market?
A major trend emerging in the airside services market is the progression of technology. Large corporations in the market are leveraging these advancements to maintain their market standing. For example, in May 2023, Honeywell International Inc., an American technology and manufacturing firm, introduced an enhanced range of airside solutions. This included the NAVITAS Smart Visual Docking system and a comprehensive ramp management system. These systems, which are cyber-secure, help boost preparedness for arrivals, aid the docking procedure, manage aircraft turnaround and departure. The Smart Visual Docking system enables more informed and accurate gate operation choices. These systems help streamline gate operations and boost the situational awareness of pilots and airside operation teams, thereby reducing the aircraft turnaround times.
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Who Are the Major Competitors in the Global 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).
Which Region Dominates the Airside Services Market Share in 2025?
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
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