Tuesday 8 April 2014, Amsterdam
The aircraft ground handling system market is estimated to be valued at $347.50 million in 2014,and it is expected to reach $456.76million by 2019.Driving factors for this growth would be increase in the number of airlines, growing number of airports, expansion and up gradation of existing airports, technology advancement, etc.
The report analyzes the aircraft ground handling market in cargo, aircraft, and passenger ground handling system applications. The passenger ground handling segment is expected to be the highest compared to others. It is estimated at $145.95 million in 2014 and it is growing at a CAGR of 5.40% by 2019.
The geography-wise analysis includes application-wise segmentation and product-wise segmentation across geographic regions such as North America, Europe, the Middle East, Asia-Pacific, and Latin America.
The aircraft ground handling system market is estimated to be highest in the Middle East. The region is expected to grow at a CAGR of 7.03%.Major expansion and up gradation in airport infrastructure is in process in this region, hence the Middle East has a lot of opportunities for aircraft ground handling system providers. Asia-Pacific and Latin America are expected to be the fastest growing regions forthe aircraft ground handling system market.
The competitive analysis includes market share of companies in the aircraft ground handling system market. The impact of drivers and restraints are analyzed and their impact on the aircraft ground handling system market throughout the study period is given to provide an in-depth insight of the market. Technology and industry trends are also discussed, which will provide the latest information related to advanced technology and joint ventures amongst the ground handling system providers.
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