Rising Construction of Smart Airports to Provide Opportunities for Ground handling Software Market during 2021–2028
According to our new research study, titled "Ground Handling Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Airport Class, Application, Software Type, and Geography," the market share is projected to reach US$ 4,431.98 million by 2028 from US$ 2,959.17 million in 2021. The market size is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
Players in the ground handling software market are observing a steady growth in demand for their products. The number of software developers, offering ground-handling software to airports worldwide, is increasing at a stable rate year on year, triggering the market. Airports across the world are investing substantial amounts in transforming respective departments with digital technologies, which is generating significant demand for ground handling software. In addition, the rise in the construction of newer airports and the expansion of existing airports in the developed countries and developing countries is driving the demand for the ground handling software market.
The continuously rising passenger footfall in every airport across the globe is pressurizing the airports, airlines, and ground handling companies to adopt robust IT infrastructure to cater to passenger demands with ease and efficiency. The increasing number of passenger counts reflects a rise in the number of aircraft fleets in different regions, showcasing escalation in airside operations, generating substantial demand for the airside market. In addition, the security management teams are also monetizing towards advanced software solutions to administer better at the airport areas, which is again triggering the ground handling software market growth during the forecast period.
Ground handling software market analysis by airport class, the market is segmented into Class I, Class II, Class III, and Class IV. The market analysis by application, the market is segmented into the terminal side, airside, and landside. Based on software type, market is segmented into passenger boarding & departure control software, baggage management software, security management software, automated cargo & load control software, GSE tracking (telemetry) software, and ramp management software. Based on geography, the ground handling software market market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).
Impact of COVID-19 Pandemic on Ground Handling Software Market
The COVID-19 outbreak had dramatically impacted the global economy during its peak in 2020, and the crisis has hampered the business activities in the IT industries. Until the outbreak of COVID – 19, the market was experiencing substantial growth in terms of production and services, despite huge backlogs from aircraft manufacturers. However, post-pandemic, the global aviation industry witnessed a significant rise in the passenger count, an increase in aircraft procurement, and a surge in MRO activities.
Since the COVID-19 pandemic emerged, the entire aviation industry has come to an unscheduled halt across the world. The suspension of passenger air transport by the airlines, governments, and airport authorities affected several associated industries. The repatriation flights and air freight business continued to function during the pandemic. However, since the operations at every airport are significantly restricted to the businesses mentioned above, end users struggled to gain profits. This factor is expected to limit the adoption of advanced technology among end users, as gaining aeronautical revenue would be the end user's priority as the airports begin operating.
Leading players in the global ground handling software market are Arepo Solutions Ltd., Avtura Ltd., Damarel Systems International Ltd., Inform GmbH, Quantum Aviation Solutions, Quonext, Resa Airport Data Systems SITA, Topsystem Systemhaus GmbH, and Wiseleap. Several other companies are functioning in the market and are contributing substantial revenues to propel the ground handling software market growth.
Ground Handling Software Market – by Geography
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