Ground Support Equipment Market worth $7.4 billion by 2029

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264041553

Browse in-depth TOC on “Ground Support Equipment Market“

320 – Tables
80 – Figures
300 – Pages

Ground Support Equipment Market Report Scope:

By platform, the military segment is projected to grow at the highest CAGR during the forecast period.

Many military airports around the world are undergoing modernization and expansion efforts to enhance their operational capabilities and accommodate new aircraft platforms. These initiatives often involve the procurement of advanced GSE to support a wide range of military aircraft operations, including fighter jets, transport aircraft, helicopters, and unmanned aerial vehicles (UAVs). The need to upgrade existing GSE fleets and acquire new equipment drives market growth in this segment.

By autonomy, the autonomous segment is projected to grow at the highest CAGR during the forecast period.

The Urban Air Mobility (UAM) segment of the Ground Support Equipment industry is experiencing dynamic growth through the application of specialized technological innovations. Key developments include the utilization of ultra-lightweight materials engineered for vertical takeoff and landing (VTOL) aircraft requirements. The focus on scalability in seat manufacturing aligns with the diverse fleet sizes anticipated in UAM operations. Technologically, seats incorporate advanced safety features designed for higher maneuverability of VTOL applications. Modular and transformable seating designs are being emphasized to maximize space efficiency and adaptability in varied urban air travel scenarios, facilitating quick adjustments to passenger loads and mission types.

Autonomous GSE can operate without direct human intervention, allowing for continuous and efficient operations. These vehicles can autonomously navigate airport ramps, taxiways, and aprons, reducing the need for manual supervision and increasing productivity. With autonomous GSE, airports can optimize ground handling processes, minimize delays, and improve overall operational efficiency. Autonomous GSE eliminates the need for human operators to physically drive or control the equipment, leading to labor savings for airport operators. Instead of allocating personnel to operate GSE manually, airports can deploy autonomous vehicles to perform tasks such as baggage handling, aircraft towing, and runway inspection autonomously. Reducing labor requirements results in cost savings and enables airport staff to focus on other critical tasks.

By power source, electric GSE is projected to grow at the highest growth rate during the forecast period.

Diesel-powered GSE emit pollutants such as nitrogen oxides (NOx), particulate matter (PM), and volatile organic compounds (VOCs), which contribute to poor air quality and pose health risks to airport workers and nearby communities. Electric GSE produce zero tailpipe emissions, while hybrid vehicles combine electric propulsion with cleaner-burning internal combustion engines, resulting in lower emissions compared to conventional diesel equipment. By transitioning to electric and hybrid GSE, airports can improve local air quality and protect public health.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=264041553

Asia Pacific holds the highest growth rate in the region for the Ground Support Equipment market.

The Asia Pacific region is witnessing a surge in air travel demand driven by factors such as economic growth, rising disposable incomes, urbanization, and increasing tourism. As a result, airports across the region are expanding their infrastructure, adding new terminals, and enhancing their operational capacities to accommodate growing passenger and cargo volumes. This expansion necessitates investments in GSE to support ground handling operations, driving market growth. Several countries in the Asia Pacific region, including China, India, Indonesia, Vietnam, and Thailand, are experiencing rapid economic development and urbanization. These emerging markets are witnessing significant investments in aviation infrastructure, including constructing new airports and modernizing existing facilities. The burgeoning aviation sector in these countries creates substantial demand for GSE, fueling market growth in the region.

Key Players

Major players in the Ground Support Equipment Companies are Oshkosh Corporation (US), China International Marine Containers (Group) Ltd.  (China), TCR Group (Belgium), Weihai Guangtai Airport Equipment Co., Limited (China), Textron Ground Support Equipment Inc. (US). These key players offer connectivity applicable to various sectors and have well-equipped and strong distribution networks across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=264041553

Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

Airport Automation Market by Automation Level (Level 1.0, Level 2.0, Level 3.0, Level 4.0), Application (BHS, Ground Transportation and Parking, Facility Management, Air Traffic Management, Others), System, Airport Side, Airport Size, End Market, and Region – Global Forecast to 2028

Smart Airports Market by Airport Technology (Airport 2.0, Airport 3.0 and Airport 4.0), Application (Landside, Terminal Side, and Airside), Airport Size (Small, Medium, and Large), System, End Market, Operation and Region – Global Forecast to 2027

Air Traffic Management Market by Airspace (ATS, ATFM, ASM, AIM), Application (Communication, Navigation, Surveillance, Automation), End Use (Commercial, Military), Investment Type, Offering, Service, Airport Size and Region – Global Forecast to 2027

Passenger Boarding Bridges Market by Elevation System (Hydraulic, Electro-Mechanical), Foundation (Fixed, Moveable), Point of Sale (OEM, Aftermarket), Product Type, Structure, Tunnel Type, Docking Type, Seaport-PBB and Region – Global Forecast to 2025

Unit Load Device Market by Product Type (Lower Deck 3, Lower Deck 6, Lower Deck 11, M 1, Pallets), Application (Commercial, Cargo), Material Type (Metal, Composite), Container Type (Normal, Cold) and Region – Global Forecast to 2021

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aircraft-ground-handling-system-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/aircraft-ground-handling-system.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

SOURCE MarketsandMarkets