Ground Support Equipment Market : Up-to-Date Analysis of Market Trends and Technological Improvements by 2025
Ground support equipment have been an integral part of the aerospace industry and supports many commercial operations. Maintenance, ground support, and servicing of aerospace infrastructure in defense, aviation, and space sectors. Commercially produced ground support equipment can be classified into GSE equipment, space equipment, staging platforms, hoisting tools, and hydraulic jacks. These equipment are primarily used in the maintenance and servicing of the aircraft.Ground support equipment are also widely employed in the defense sector for the maintenance of ground infrastructure and aircraft servicing. Production of defense fighter jets takes heavy capital investment and needs constant inspection and servicing before their launch, which is provided by ground inspection equipment.
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Recent developments in ground support equipment for the aerospace industry consist of development of specialized ROV and robotic controlled tow bars and hydraulic jacks. Other developments in ground support equipment for the aerospace industry include remote controlled altimeter and static system inspection and tests, which can be controlled remotely through internet and communication systems.
Major drivers for the ground support equipment for the aerospace industry are enhancement of airport infrastructures, increasing number of aviation and defense aircraft, increasing trend of process automation in ground support activities, and increasing air cargo and passenger traffic.
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Increasing defense and aerospace development activities across the globe provide immense potential for the ground support equipment market. Increase in demand for ground support equipment in the logistic industry is also driving the global market. The high cost of ground support equipment in emerging economies is a key restraint of the ground support equipment market for the aerospace industry.
Prominent global players that produce ground support equipment for aerospace application include TUG Technologies Corporation, Teleflex Lionel-DuPont (TLD), Tronair Inc., JBT Corporation, Mallaghan Engineering Ltd., AMSS GSE, Tronair Inc., Mulag Fahrzeugwerk GmbH, Shenzhen Cimc-Tianda Airport Support Co. Ltd., and Avia Equipment Pte Ltd..
Increase in investments for improvement of aerospace infrastructure, led by the rise in per capita GDP of countries in Southeast Asia, is anticipated to boost the demand for ground support equipment for the aerospace industry.
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Ground Support Equipment
Global Ground Support Equipment Industry
Global Ground support equipment market is accounted for $11.8 billion in 2015 and is expected to reach $20.06 billion by 2022 growing at a CAGR of 11.0%. Increasing number of air passengers and high expenditure by airport authorities on eco friendly ground support equipment to improve their operational efficiency are some of the factors driving the market. However, usage of worn equipment is restricting the market…