Aircraft Ground Support Equipment Market Research Report and Outlook by Future Market Insights
In California, most airports have internal combustion engines (ICE) powered aircraft ground support equipment. Owing to stringent emission norms in North America and Europe, electric aircraft ground support equipment is made available by most of its manufacturers. There are many airports in various countries with a high percentage of aircraft ground support equipment (electric). For example, the Denver International Airport was designed for all electric ground support equipment. Similarly, Logan International Airport (Boston) progressed and switched from ICE to electric aircraft ground support equipment.
Aircraft ground support equipment could be owned by cargo handlers, airports, airlines, management companies or parcel & mail companies. Airports usually own stationary infrastructure and lease equipment with airlines.
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Owing to an increase in passenger and cargo traffic, terminal infrastructure plays a vital role in airports as it affects the turnaround time and flight delay. In order to run their operations on time, existing airports have started undergoing modernization and expansion with new technologies. Increase in modernization and terminal expansions are expected to generate significant demand for the aircraft ground support equipment market. Additionally, modernization of aircraft ground support equipment are also expected to enhance safety measures and efficiency of airline operations.
Aircraft ground support equipment: Dynamics
The increased use of storage systems and warehouse operations at airports will have a positive impact on the aircraft ground support equipment market. Also, rising number of airports and airlines will drive demand for aircraft ground support equipment products. However, there are a few market players who are expected to dominate the market owing to their advanced technology.
Aircraft ground support equipment: Segmentation
Broadly, the aircraft ground support equipment market is segmented on the basis of handling as: aircraft handling, passenger handling, cargo handling.
The global ground support system market is dominated by the aircraft handling segment, which accounted for more than forty percent of the total market share. Constantly growing passenger traffic and increase in aircraft movement are forecasted to fuel demand for the aircraft ground support equipment market.
Additionally, the global ground support equipment market can be segmented by type as: hybrid, electric, non-electric. The electric segment is estimated to dominate the market owing to the increase in expenditure by aviation authorities and ecofriendly aircraft ground support equipment, which conforms to latest emission norms. Furthermore, the market for airports is larger in Western Europe, Asia Pacific and North America, owing to the increasing number of airport expansions and rise in the number of airports.
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Aircraft ground support equipment: Outlook
Over the forecast period, the global ground support equipment market is expected to grow at a high rate with the increase in demand for airports. Recently, EMEA has seen rapid growth in numbers with respect to cargo and passenger traffic. That, along with the burgeoning number of new aircrafts and expansions are anticipated to boost demand for the global aircraft ground support equipment market.
Owing to the increase in emission norms, the U.S. currently represents the largest ground support equipment market. In 2015, foreign and domestic airlines in the U.S. approximately carried 895.5 million passengers system wide. However, the increasing demand for cargo shipments and air travel in countries such as Brazil, India and China is expected to represent a massive potential growth opportunity.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
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