The ground handling software market size is projected to reach US$ 5.25 billion by 2031 from US$ 3.32 billion in 2023. The market is expected to register a CAGR of 5.9% during 2023–2031. Growing airport IT investments and the latest technological advances are likely to remain a key trend in the market.
Ground Handling Software Market Analysis
The demand for ground handling software is continuously increasing owing to the breakthroughs in technology and the desire for efficient airport operations. Implementation of digital systems that include automation, data analytics, and cloud computing to optimize ground handling procedures is rising. Furthermore, the drive towards injecting new technologies and operational systems into the industry is being prompted by a stringent safety regulatory environment and heightened self-service passenger interaction.
Ground Handling Software Market Overview
Ground handling software is a system that allows for all the services that are carried out on the airplane to be provided on the ground swiftly and in the best possible way. They include things such as fueling, catering, baggage handling, and aircraft maintenance. Ground handling software is the ultimate measure that has given the service providers such as extra fuel and extra cruise speed which are crucial in order to reduce aircraft turnaround time and thus increase revenues.
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Ground Handling Software Market: Strategic Insights
Market Size Value in US$ 2959.17 Million in 2021 Market Size Value by US$ 4431.98 Million by 2028 Growth rate CAGR of 5.9% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Ground Handling Software Market: Strategic Insights
| Market Size Value in | US$ 2959.17 Million in 2021 |
| Market Size Value by | US$ 4431.98 Million by 2028 |
| Growth rate | CAGR of 5.9% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Ground Handling Software Market Drivers and Opportunities
Growing Need For Efficient Ground Handling Operations
The rising demand for efficient handling of ground operations at airports is driven by the need to cut down operational costs and enhance customer satisfaction. With airports experiencing an alarming surge in congestion, airlines are currently seeking ways to trim turnaround times, improve the accuracy of handling operations, and reduce delays. Ground handling software is the solution that empowers airlines to handle ground activities with ease, thus reducing operational costs and improving customer experience. Technology eases procedures involved in handling and helps an airline prepare in advance for the adversity of growing air traffic in a highly effective and customer-oriented operational environment.
Increasing Awareness of Ground Handling Software
The rapidly growing awareness of the benefits that ground handling software can bring adoption of automation and technology in ground handling operations continues to rise. Understanding the competitiveness of an industry, airlines look for ways to improve operational productivity while reducing costs by being sensitive to price. Ground handling software provides airlines with the means to automate the majority of their ground handling operations; this, therefore, reduces general costs and enhances operational efficiency. The growing awareness of these benefits actually fuels the adoption rate of ground handling software in airports.
Ground Handling Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the ground handling software market analysis are airport class, application, and software type.
- Based on airport class, the market is segmented into Class I, Class II, Class III, and Class IV. The Class I segment held a significant market share in 2023.
- In terms of application, the market is segmented into terminal side, airside, and landside. The terminal side segment held a significant market share in 2023.
- Based on software type, the market is segmented into passenger boarding & departure control, baggage management, automated cargo & load control, GSE tracking (telemetry), and ramp management. The baggage management segment held a significant market share in 2023.
Ground Handling Software Market Share Analysis by Geography
The geographic scope of the ground handling software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The North American ground handling software market is growing abruptly due to the increasing demand for efficient and cost-effective ground handling solutions from various airlines and airports. This region holds the majority of the largest airlines and airports in the world, which are heavily investing in ground handling software to bring about improvements in operational efficiency and cost reduction. The ground handling software providers in the region have increased, thus motivating competition and innovation. Overall, the North American ground handling software market growth is strong—boosted by rising demand from air carriers and airports for efficient as well as cost-effective ground handling solutions, increasing providers of ground handling software, and the adoption of cloud-based solutions.
Ground Handling Software Market Report Scope
Ground Handling Software Market News and Recent Developments
The ground handling software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the ground handling software market are listed below:
- Menzies Aviation, the leading service partner to the world’s airports and airlines, together with leading technology services and consulting company Wipro, has announced the successful launch of its new Menzies Aviation Cargo Handling (MACH) cargo management system.
(Source: Menzies Aviation Limited, Company Website, December 2023)
Ground Handling Software Market Report Coverage and Deliverables
The “Ground Handling Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Ground handling software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Ground handling software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Ground handling software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the ground handling software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Airport Class, Application, and Software Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The market is projected to record a CAGR of 5.9% during 2023–2031.
The market is expected to reach a value of US$ 5.25 billion by 2031.
Arepo Solutions Ltd., Avtura Limited, Damarel Systems International Ltd., INFORM GmbH, Quantum Aviation Solutions, Quonext, 1RESA Airport Data Systems, SITA, TOPSYSTEM SYSTEMHAUS GMBH, and Wiseleap are key players in the market.
Growing airport IT investments and the latest technological advances a key trends in the market.
The growing need for efficient ground handling operations is driving the market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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