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Aircraft Ground Handling System Market to exceed USD 185 billion by 2024: Fractovia.Org
Cargo handling dominated the overall industry share in 2016 and is likely to garner massive valuation in the years ahead, subject to the increasing emergence of innovative equipment such as lift trucks, caster bed, roller conveyors, and scissor lifts. Passenger handling is another lucrative product segment of aircraft ground handling system market. Rising implementation of innovative systems, along with the increasing adoption rate of air transportation will augment the product demand.
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Enhanced infrastructural developments are one of the key factors driving aircraft ground handling system market share. With innovative technologies on board, modernization has paved the way for airport personnel efficiency and aircraft enhancements.
Incorporation of technologically advanced equipment also helps to reduce delays in airport operations, which will further spur aircraft ground handling system industry revenue. Of late, aircraft equipment is also enabled with proximity sensors, designed to provide warnings regarding obstacles. As per a reliable market research report, “Worldwide aircraft ground handling system market was worth USD 110 billion in 2016 and will generate a revenue of USD 185 billion by 2024.”
Asia Pacific aircraft ground handling system market covered more than 25% of the regional share in 2016 and will collect significant revenue by the end of 2024. Rapid growth in the population along with growing urbanization will enhance the industry growth. Moreover, deployment of advanced technologies across this region will also favor the business expansion. Airport authorities are investing heavily to expand and improve airport infrastructure, which will fuel the product demand.
Geographically, Europe aircraft ground handling system industry will exhibit considerable annual growth over the years ahead, owing to the heavy demand for air transportation across this continent. Escalating infrastructure developments along with surging technological advancements will propel the industry trends. France and Germany are slated to be the major regional revenue contributors, having collectively covered 40% of the revenue contribution in 2016.
North America led the regional aircraft ground handling system market in 2016 and will continue to exert its dominance over the regional landscape from 2017-2024. Airport authorities have been undertaking stringent efforts to enhance customer services and operational efficiency with a view to increase the air travel passenger base, which will further stimulate the industry size.
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The noteworthy participants in aircraft ground handling system market are PrimeFlight, John Menzies, CargoTec, Dnata, Cavotec SA, SATS Ltd., Swissport, Bhadra International, Air+MAK, JBT AeroTech, and Celebi Aviation.
Browse key industry insights spread across 110 pages with 50 market data tables & 29 figures & charts from the report, “Aircraft Ground Handling System Market Size By Product (Passenger Handling, Cargo Handling, Aircraft Handling), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, Brazil, Mexico, Middle East, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aircraft-ground-handling-system-market
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