Unit Load Device Market - Increasing Research Activities In The Field Of Unit Lead Devices Is Fueling The Application In Aviation Sector.

Unit load device is a container or pallet primarily used to load freight, mail and luggage on specific narrow-body and wide-body aircraft. Unit load devices primarily help in bundling a huge quantity of cargo into a single unit. In addition, it leads to few numbers of units to load; it primarily saves ground staffs efforts and time. Moreover, it also prevents delayed flights. Unit load device has its own packing list, in order to track the contents. The market has been segmented into by type which includes lower deck 6, lower deck 3, lower deck 11, pallets, m 1 among others. The market is also segmented into by application which includes cargo and commercial among others. The market, by region is segmented into North America, Asia Pacific, Europe, Middle East and Africa and South America.

Unit load devices are primarily used for the storage of cargo on the aircraft and are divided into two types; containers and pallets. The basic advantages of containers include faster loading as well as unloading of the aircraft. Furthermore, protection against hazardous weather conditions is another major benefit of unit load devices. Some cargo is difficult to fit into containers then pallets are used. Various kind of driving factors, for instance growing prominence of international trade, rising demand for lightweight ULDs and growing requirement for cold containers are anticipated to boost the market. In terms of application, commercial segment is holding the largest market share in 2015, followed by cargo segment. Increasing passenger traffic has led to growth in air cargo, thereby propelling the requirement for unit load devices primarily for commercial aircraft. Increasing demand for containers made of composite materials owing to replacement costs and high maintenance of aluminum containers and pallets. Increasing research activities in the field of unit lead devices is fueling the application in aviation sector.

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Basic containers are primarily used to transport dry cargo. These containers are basically made of durable and lightweight composite materials. In addition, normal containers are applied in both cargo aircraft and commercial aircrafts. Increasing aircraft orders is contributing in the increasing demand for unit load devices globally.

North America accounted the largest market share in the unit load devices market, followed by Europe. The U.S. is leading the market across North America, followed by Canada and Mexico. In Europe, Germany, The U.K., France, Italy is leading the market for unit load devices. The demand for unit load devices is the largest in the Asia-Pacific region and is anticipated to increase over the forecast period. China, Japan, South Korea, India and Taiwan are anticipated to register positive development over the forecast period from 2016 to 2024. Moreover, U.A.E and Saudi Arabia is also holding prominent position across Middle East and Africa. Furthermore, in South America, Brazil and Argentina both are leading the unit load devices market globally. Increasing number of passengers opting for travelling by air is also having a positive impact on the market.

Merger and acquisitions and research and development are some of the key strategies adopted by the players operating in this particular market. Brambles Group (Australia), TransDigm Group Incorporated (The U.S.), Dokasch GmbH (Germany), VRR Aviation (The Netherlands), ACL AIRSHOP (The U.S.), Zodiac Aerospace (France), Palnet GmbH Air Cargo Products (Germany), Satco, Inc. (The U.S.), Nordisk Aviation Products AS (Norway), Envirotainer AB (Sweden) among others are some of the prime players operating in the unit load device market. New product development is another prime business strategy for better market penetration. Furthermore, strategic business partnerships along with business alliances with other companies in this field are some of the major business strategies taken by the companies operating in this industry primarily to build up its foothold globally.

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