Market Size of Asia-Pacific Airport Ground Handling Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.86 Billion |
| Market Size (2029) | USD 3.48 Billion |
| CAGR (2024 - 2029) | 13.36 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Airport Ground Handling Systems Market Analysis
The Asia-Pacific Airport Ground Handling Systems Market size is estimated at USD 1.86 billion in 2024, and is expected to reach USD 3.48 billion by 2029, growing at a CAGR of 13.36% during the forecast period (2024-2029).
The COVID-19 pandemic had a significant impact on the aviation industry across Asia-Pacific. The government imposed strict regulations to control the spread of coronavirus, which led to disruptions in supply chains, the shutdown of manufacturing plants, labor shortages, and others. The reduced air traffic led to a substantial decline in the demand for airport ground handling systems, thereby hindering market growth during the pandemic. However, the market showcased a strong recovery from the second half of the year 2020 due to the removal of travel restrictions and a subsequent increase in air passenger traffic and cargo volumes alike.
Airlines are attempting to expand their fleets as more people are flying and more goods are shipping by air. This has led to more planes moving around, which has increased the need for airport ground handling systems to help with ground operations. Also, when airports in developing countries like India and Japan are privatized, more money is likely to be spent on buying advanced ground handling systems to handle the growing number of passengers. Because of this, privatizing airports is likely to help the market grow in the coming years.
The market is seeing improvements in how equipment can be recycled and moved, and gasoline- and diesel-powered ground-support equipment is being turned into electric and hybrid-powered fleets. The incorporation of advanced technology for airport ground handling systems, like electric aircraft tugs, fueling automation systems, and augmented reality (AR) glasses for ramp handling operations, is expected to have a significant impact on the demand for and adoption patterns for airport ground handling systems in the future.
