Aircraft Cargo Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Aircraft Cargo Systems Market is Segmented by Product Type (Cargo Loading Systems and Interior Cargo Fittings) and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Aircraft Cargo Systems Market Size

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Aircraft Cargo Systems Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 9.18 Billion
Market Size (2029) USD 14.37 Billion
CAGR (2024 - 2029) 9.37 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Aircraft Cargo Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Aircraft Cargo Systems Market Analysis

The Aircraft Cargo Systems Market size is estimated at USD 9.18 billion in 2024, and is expected to reach USD 14.37 billion by 2029, growing at a CAGR of 9.37% during the forecast period (2024-2029).

The growth in e-commerce stimulated air cargo growth, which, in turn, is generating the demand for freighter aircraft. For the safe transfer of goods and cargo in freighter aircraft, the need for advanced cargo systems increased significantly.

The introduction of the new generation of wide-body passenger aircraft with larger lower-hold capacity led most airlines to use their passenger aircraft for the transportation of cargo to capitalize on additional revenue opportunities. It is generating a need for the installation of cargo systems in passenger aircraft, which is boosting the growth of the market during the forecast period. Besides, the development of new types of cargo fitting in aircraft is also driving the growth of the market.

Aircraft Cargo Systems Market Trends

The Cargo Loading Systems Segment to Experience the Highest Growth During the Forecast Period

The cargo loading systems segment of the market is expected to register the highest CAGR during the forecast period. The need for better aircraft loading techniques mainly drives this growth. These are required to create more cargo space, greater efficiency, and eliminate costly ground delays, thereby creating additional revenue opportunities. 

Loading too much weight at a particular area of a freighter aircraft can cause damage to the structure and, sometimes, lead to the grounding of the aircraft. Airlines are integrating new technologies to develop new cargo loading systems to avoid this. It can help the carriers to distribute cargo volume and weight capacity evenly on each aircraft. It will aid in avoiding structural damage and providing better support for large and special product shipments. 

For instance, in August 2023, IBS Software signed a contract with Turkish Cargo to deliver the iCargo solution, which will enable an airline's entire air cargo movement. Furthermore, real-time information and relevant intelligence will be greatly enhanced with the integration of all cargo management into one application suite, enabling users at all levels to an increased access level in any location.

Aircraft Cargo Systems Market: Air Freight Traffic (Million Metric Tons), Global, 2018-2022

Asia-Pacific to Experience the Highest Growth During the Forecast Period

The Asia-Pacific region is anticipated to hold the highest growth rate during the forecast period. The growth is majorly due to an increase in air cargo services and the rise in the e-commerce market. The rapid growth of low-cost carriers and an increase in passenger traffic result in air cargo volumes. Moreover, development in technologies such as blockchain and RFID is also projected to improve the efficiency and security of cargo systems. Southeast Asia region is the largest e-commerce market, with China including the highest exports, acting as the major driver for the growth in the region. Asia-Pacific countries are supporting trade growth by increasing their freighter aircraft fleets.

For instance, in March 2023, Boeing signed an agreement with GMR Aero Technic to set up a new Boeing Converted Freighter (BCF) line in Hyderabad (India). GMR Aero Technic can support future conversions of both domestic and foreign aircraft. The agreement adds to Boeing's continued investments to support the demand for cargo aircraft and help build complex aircraft modification capabilities and Maintenance, Repair, and Overhaul (MRO) in the Asia-Pacific region. 

Such a rapid increase in demand for the transformation of passenger aircraft into freighter aircraft in the region will propel the growth of the aircraft cargo systems market during the forecast period. Similarly, in January 2023, Amazon launched Amazon Air, its air cargo fleet, in India. India is its fourth market outside the US, Canada, and Europe to get the facility to speed up e-commerce deliveries. The company is leasing aircraft from Quikjet Cargo Airlines (India).

Aircraft Cargo Systems Market - Growth Rate by Region (2023 - 2028)

Aircraft Cargo Systems Industry Overview

The aircraft cargo systems market is highly fragmented due to the presence of many local players that provide airlines with cargo nets, hooks, rollers, and other cargo systems. The prominent players in the market are RTX Corporation, Ancra International LLC, Telair International GmbH, KieTek International, Inc., and Davis Aircraft Products Co., Inc. 

The conversion of aircraft to freighter is carried out through the installation of an upper deck cargo door and associated control systems, refurbishment of ground beams for loading loads, and replacement of passenger equipment, ceilings, lighting, floor tiles, drainages, or smoke detectors. The Boeing B737-300/400/800, MD-80, and Bombardier CRJ200 are converted by Aeronautical Engineers Inc. Bedek Aviation (Israel Aerospace Industries, Ltd.). It converts B737-300, 400, 700, or 800 in 90 days, a B767-200 or 300 in four months, or a B747-400 in five months.

Partnerships of the cargo system providers with the aircraft OEMs are expected to propel the development of new loading and fitting systems that help the companies capture a significant market share. For instance, in November 2021, Airbus SE booked its first order for a newly launched wide-body freighter. Under the contract, the company would deliver seven freighter aircraft to Air Lease Corp. Similarly, in May 2022, Saudi Arabian Airlines placed an order with Mammoth Freighters for the conversion of seven Boeing 777 aircraft into an all-cargo configuration.

Aircraft Cargo Systems Market Leaders

  1. RTX Corporation

  2. Telair International GmbH

  3. Ancra International, LLC

  4. Davis Aircraft Products Co., Inc.

  5. KieTek International, Inc.

*Disclaimer: Major Players sorted in no particular order

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Aircraft Cargo Systems Market News

  • January 2024: The Boeing Company projected that air carriers in Asia, including India, would require more than 2,700 aircraft deliveries by the year 2042, while the Indian cargo fleet is expected to grow up to 80 aircraft during the timeframe from the current fleet of 15 aircraft. 
  • November 2022: WestJet Cargo and SmartKargo launched their state-of-the-art air cargo management platform. Cargo management system offers a comprehensive digital solution, seamlessly interfaces with Westjet Cargo systems, and uses application programming interfaces to interface with third-party providers.
  • June 2022: Mammoth Freighters signed a contract with Collins Aerospace for the Main Deck Cargo Handling System on its B777P2F conversion program. The Mammoth system will share parts of commonality with the B777-production freighter that is in operation on many operators and will be interchangeable with OEM material for most high-mortality components.

Aircraft Cargo Systems Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Cargo Loading Systems

      2. 5.1.2 Interior Cargo Fittings

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 France

        3. 5.2.2.3 Germany

        4. 5.2.2.4 Russia

        5. 5.2.2.5 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        3. 5.2.3.3 Japan

        4. 5.2.3.4 South Korea

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Mexico

        3. 5.2.4.3 Rest of Latin America

      5. 5.2.5 Middle-East & Africa

        1. 5.2.5.1 United Arab Emirates

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Turkey

        4. 5.2.5.4 South Africa

        5. 5.2.5.5 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 RTX Corporation

      2. 6.2.2 Telair International GmbH

      3. 6.2.3 Ancra International, LLC

      4. 6.2.4 Davis Aircraft Products Co., Inc.

      5. 6.2.5 KieTek International, Inc.

      6. 6.2.6 Cargo Systems Inc.

      7. 6.2.7 Onboard Systems International, LLC

      8. 6.2.8 CEF Industries, LLC.

      9. 6.2.9 U.S. Cargo Systems

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aircraft Cargo Systems Industry Segmentation

The aircraft cargo systems market offers a wide scope of applications and end users. The aircraft cargo systems market includes the cargo systems present in both commercial and military aircraft. The study also includes the cargo systems used to load and install cargo in fixed-wing and rotary-wing aircraft. Major commercial airlines, freight forwarders, shippers, government agencies, humanitarian organizations, and military organizations are among the key end users.

The aircraft cargo systems market is segmented by product type and geography. By product type, the market is segmented into cargo loading systems and interior cargo fittings. The report also covers the market sizes and forecasts for the aircraft cargo systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Product Type
Cargo Loading Systems
Interior Cargo Fittings
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East & Africa
United Arab Emirates
Saudi Arabia
Turkey
South Africa
Rest of Middle East and Africa
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Aircraft Cargo Systems Market Research FAQs

The Aircraft Cargo Systems Market size is expected to reach USD 9.18 billion in 2024 and grow at a CAGR of 9.37% to reach USD 14.37 billion by 2029.

In 2024, the Aircraft Cargo Systems Market size is expected to reach USD 9.18 billion.

RTX Corporation, Telair International GmbH, Ancra International, LLC, Davis Aircraft Products Co., Inc. and KieTek International, Inc. are the major companies operating in the Aircraft Cargo Systems Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Aircraft Cargo Systems Market.

In 2023, the Aircraft Cargo Systems Market size was estimated at USD 8.32 billion. The report covers the Aircraft Cargo Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Cargo Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aircraft Cargo Systems Industry Report

Statistics for the 2024 Aircraft Cargo Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Cargo Systems analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Aircraft Cargo Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)