Aircraft Ground Handling Systems Market – Trends behind the $190bn industry revenue

Asia Pacific is the fastest growing region in the aircraft ground handling systems market over the study timeframe led by increasing tourism coupled with opening of new airports in the region.

Selbyville, Delaware, USA - April 9, 2019 /MarketersMedia/ —

The aircraft ground handling systems market will grow at over 5% CAGR to cross a revenue of USD 190 billion by 2025. Rising air passenger traffic across the globe has enabled industry players and government to develop and upgrade existing airport infrastructure to enhance the air travel experience. The airlines are focused on enhancing passenger experience with faster services. Airport operators are adopting advanced technologies to reduce the delay in operations and support airline carriers to perform their departures on time. This will reduce aircraft on ground time and help airlines to enhance their profits. The five-minute delay in the departure of airlines owing to operational delays will lead to USD 35 million revenue loss for large airlines. All these will support the aircraft ground handling systems market growth.

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The growing adoption of innovative technologies including cloud computing and Internet of Things (IoT) in ground handling systems will help airport operators for faster services. The smart baggage tags concept utilizes IoT to track baggage locations for passengers as well as airport operators. Additionally, it provides information regarding the arrival of baggage after the flight landing. The cloud computing technology enables ground operators to integrate all data of airports on a single platform to enhance the operational accuracy. These technological integrations will support the aircraft ground handling systems market growth over the forecast timeframe.

The cargo handling system will generate maximum revenue and hold its dominance in the aircraft ground handling systems market over the forecast timeframe. This can be credited to the growing air cargo activities across the globe. IATA announced in their cargo strategy report 2018 that the air cargo industry accounts for 35% of the global trade value in 2017. The pharmaceutical industry is significantly relying on air cargo services owing to the speedy transportation of high-value and temperature-sensitive products such as vaccines.

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The passenger handling system is estimated to generate significant revenue by 2025. The segment is showing a significant growth rate owing to the growing air travel for business & tourism activities. The passengers demanding faster & advanced services from airline operators will force the operator to invest in the passenger handling system.

North America aircraft ground handling systems market holds its dominance over the forecast timeframe. The dominance is owing to the increasing infrastructural activities to support the growing air cargo demand and passenger traffic in the region.
Major players in the aircraft ground handling systems market include Celebi, Swissport, Celebi, Sats Ltd., Bhadra International, Dnata, Air+Mak, and John Menzies plc. The other notable industry players include CargoTec, PrimeFlight, RampSnake, Cavotec SA, and JBT AeroTech. Long-term contracts with airport operators are among the key strategies adopted by industry players to enhance their market share in the aircraft ground handling system market.

Browse key industry insights spread across 150 pages with 105 market data tables & 8 figures & charts from the report, “Aircraft Ground Handling Systems Market Size, By Application (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 Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aircraft-ground-handling-system-market

Table of Contents (ToC) of the report:
Chapter 4. Aircraft Ground Handling Systems Market, By Application
4.1. Global market share by application, 2018 & 2025
4.2. Passenger Handling
4.2.1. Market estimates and forecast, 2013-2025
4.2.2. Market estimates and forecast, by region, 2013-2025
4.3. Cargo Handling
4.3.1. Market estimates and forecast, 2013-2025
4.3.2. Market estimates and forecast, by region, 2013-2025
4.4. Aircraft Handling
4.4.1. Market estimates and forecast, 2013-2025
4.4.2. Market estimates and forecast, by region, 2013-2025

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/aircraft-ground-handling-system-market

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