Report : Europe Ground Handling Software Market is expected to grow from US$ 812.60 Mn in 2019 to US$ 1235.30 Mn by 2027 with a CAGR of 5.68% from 2020 to 2027 segmented into Airport Class, Application, Software Type, and Country.
According to our new market research study on “Europe Ground Handling Software Market to 2027 – Regional Analysis and Forecast by Airport Class, Application, and Software Type,” the market is expected to reach US$ 1235.30 Mn by 2027 from US$ 812.60 Mn in 2019; it is estimated to grow at a CAGR of 5.68% from 2020 to 2027. The regular rising passenger footfall in every airport across the Europe is pressurizing the airports, airlines, and ground handling companies to adopt robust IT infrastructure in order to cater to the passenger demands with ease and efficiently. The rise in number of passenger count is reflecting a rise in the number of aircraft fleet in different regions, which is showcasing escalation in airside operations, which is generating substantial demand for airside ground handling software market. Also, the security management teams are also monetizing towards advanced software solutions in order to administer better at the airport areas, which is again triggering the demand for the ground handling software.
The Ground Handling Software market, by Airport Class, is segmented into Class I, Class II, Class III, Class IV. The airports classified as Class I airports are capable of serving scheduled and unscheduled large aircraft fleet (passenger count at least or more than 31) and scheduled small aircraft fleet (passenger capacity ranging from 9 to 31). The number of Class I airports are strongly growing across the Europe, creating substantial demand for advanced technologies in order to facilitate the passengers and aircraft fleet with robust solutions.
Air business is one of the important businesses in the European countries, and the outbreak of COVID-19 across the region has paralyzed the entire business. The revenue generated from airports contributes a significant share in the GDP of every European country. However, the airports in the region are witnessing continual stall in revenues, as operations have been suspended for regular passenger flights. Owing to the temporary termination of airport operations (except cargo business and repatriation), the revenue generation for end users has fallen drastically, which would take a longer time to normalize. However, it is expected that, with the start of construction projects, the demand for technologically advanced systems and the software will grow. Nonetheless, the ground handling software market in 202 in Europe will remain sluggish.
Damarel System International Ltd, Inform GmbH, Quantum Aviation Solution, SITA, are among the leading companies in the Europe Ground Handling Software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Damarel Installed L-DCS at the three busiest airports in Cambodia, to help airports and ground handlers manage this phenomenal growth and also lower passenger processing costs, improve On Time Performance (OTP), and reduce training overheads.
Europe: Ground Handling SoftwareMarket, By Country, 2019 and 2027
The report segments the Europe Ground Handling Software market as follows:
Europe Ground Handling Software Market, by Airport Class
Europe Ground Handling Software Market, by Application
Europe Ground Handling Software Market, by Software Type
Europe Ground Handling Software Market, by Country