North America aircraft ground handling system market share will hold dominance over forecast timeframe. Increasing shift towards enhancing efficiency of operation demands of rising passenger traffic and infrastructural development to support cargo activity will generate more revenue. For instance, in October 2018 Edmonton International Airport (EIA) of Canada expanded their infrastructure facility to support cargo facility. Additionally, air passenger traffic in region are stimulating the expansion of airport infrastructure and development of new airports.
The rising trends of urbanization and modernization have led to a rise in air transportation. Aircraft ground handling system market has been gaining considerable popularity of late, pertaining to the increasing consumer spending power and a relatively fast-moving lifestyle. Favorable initiations taken by the government as well as airport authorities to provide comfort and luxurious facilities to passengers will stimulate aircraft ground handling system industry share.
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Most of the industry giants are investing heavily to bring about technological enhancements in the handling system to avoid aircraft collisions with ground handling equipment. The emergence of IoT and the implementation of proximity sensors in the system will help to improve the handling facility and avoid collisions. The noteworthy players in aircraft ground handling system market are John Menzies, Air+MAK, Swissport, Dnata, Celebi Aviation, SATS Ltd., PrimeFlight, Bhadra International, JBT AeroTech, Cavotec SA, and CargoTec.
Airport authorities across APAC are increasingly implementing innovative technologies in aircraft systems to provide efficient services to the passengers. Asia Pacific aircraft ground handling system market covered more than 25% of the regional share in 2016 and will generate notable revenue with a considerable annual growth rate over the period of 2017 to 2024.
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To provide ideal and cost-effective handling systems for carrying perishable products, service providers and airlines have adopted improved handling techniques. Passenger handling includes baggage check-in, security screening, ticketing, special services, passenger assistance, and boarding. Passenger aircraft ground handling system market will collect noticeable revenue by the end of 2024, owing to the rising number of passengers along with the shifting focus of consumers toward air travel. Passenger buses and towable stairs are some of the chief equipment used for handling passengers.
Many new aircraft companies have been introducing air vehicles to fulfil increasing need of transportation, mainly across Europe. Europe aircraft ground handling system market will generate considerable revenue over the years ahead, pertaining to the rising number of passengers inclined toward air travel and the escalating investments in the development of additional runways and advanced airports. France and Germany are the prominent revenue contributors, having collectively covered 40% of the regional share in 2016.
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Aircraft ground handling system market from aircraft handling will record a substantial CAGR over the coming seven years. To comply with growing number of passengers and fleets, airport authorities are favoring the implementation and development of innovative ideas to provide better service to passengers. Aircraft handling equipment consists of tow tractors, hydraulic testing units, re-fuelers, chocks, de-icing, tow bars, anti-icing system, and jet air starter.
Growing awareness regarding the hazardous effects of carbon emissions and the deployment of stringent norms to reduce the same have brought about a massive change in the business perspective of market players toward the development of battery operated tugs and trucks. Many of the industry giants are now looking forward to develop software based equipment to handle the rising traffic.
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