Airport Ground Handling Systems Market Estimated to Reach Huge Revenues of USD 6879.59 Million by 2027- Exclusive Report by Mordor Intelligence
Airport Ground Handling Systems Market Overview
The airport ground handling systems market is valued at USD 2911.03 million in 2021 and is poised to reach USD 6879.59 million by 2027, growing at a CAGR of 15.27% during the forecast period (2022 – 2027). The construction of new airports, expansion of existing airports to increase passenger and cargo handling capacities, and privatization of airports are expected to drive the growth of the airport ground handling systems market during the forecast period.
The current plans of airports to decrease their carbon footprint has accelerated the deployment of electric ground handling equipment and the integration of advanced technologies like automation systems ramp and cargo handling operations. Such green initiatives by airport operators are expected to accelerate the market’s growth in the coming years.
Download a free sample here – Airport Ground Handling Systems Market
Aircraft Handling Equipment Segment- Key Insights
Check our other latest research on –
Geographical Outlook of the Airport Ground Handling Systems Market
The North American region is expected to witness the highest growth during the forecast period.
The Federal Aviation Administration (FAA) provided various funds to the airports in the United States to introduce electric ground support vehicles in the coming years. John Wayne/Orange County, Indianapolis International Airport, Charlotte/Douglas International Airport and Springfield-Beckley Municipal Airport were awarded funding of USD 5.86 million for the introduction of electric buses and related charging infrastructure. Also, in addition to the ground handling systems, the airports are investing in the development of infrastructure to ease the induction of electric ground vehicles.
As a part of the new terminal building project at Kansas City International Airport, the Kansas City Aviation Department announced its plan to invest in the first wireless vehicle charging system installed at the US airport. The technology is expected to extend the range of its electric buses without installing a charging station or taking buses out of service for charging. Momentum Dynamics will supply the charging solution and is expected to be installed by 2023. Such initiatives and growing demand for enhancing ground handling operations will drive the market growth in the region during the forecast period.
Progressions In Airport Ground Handling Systems Market
Related Research and Links
List of Key Players in Airport Ground Handling Systems Market
*List Not Exhaustive
Mordor Intelligence has segmented the Airport Ground Handling Systems Market based on product type, power source, geography
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Sai TejaEmail: Send EmailPhone: +1 617-765-2493Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/industry-reports/airport-ground-handling-systems-market?utm_medium=Outbound&utm_source=press-release&utm_campaign=AB_Newswire