Latest News- Airport Ground Support Equipment Market: Powered airport GSE is expected to lead the Type segment during 2025-2029

The Airport Ground Support Equipment Market is being driven by Rise in construction and upgradation of airports

The Airport Ground Support Equipment Market is expected to grow at a CAGR of 4.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1668.6 million. In today's aviation industry, airport ground support equipment (GSE) plays a crucial role in ensuring efficient and on-time airport operations. With increasing air passenger traffic, there is a growing demand for cost-effective and capacity-efficient ground handling procedures. One such procedure is GSE pooling, where airport operators supply GSE or GSE solutions to multiple airline ground handlers at a specific airport. This approach reduces terminal congestion, enhances airport passenger capacity, and lowers overall GSE costs. However, the varying peak requirements of airlines and handlers necessitate storing a larger number of GSE units at terminals than required at any given time, which may negatively impact market growth in focus. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Powered airport GSE
  • Non-powered GSE
• Power Rating
  • Electric
  • Non-electric
  • Hybrid
• Application
  • Military airport
  • Civil airport
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in construction and upgradation of airports
• Growing construction of cargo terminals
• Modernization of airport GSE

However, the market also witnesses some limitations, which are as follows:

• Cost pressure on airport GSE manufacturers
• Increasing airport ground handling accidents
• Increasing adoption of used GSE

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Market Scope in Airport Ground Support Equipment Market Research Report

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Research Analysis Overview

The Airport Ground Support Equipment (AGSE) market caters to the needs of air travel by providing various systems and equipment for efficient passenger and cargo handling. These include baggage handling systems, passenger handling solutions, electric ground support equipment like Maintenance Platform Lifts and Autonomous Baggage Vehicles, and simulation software for airport management. Additionally, AGSE offers solutions for refueling, de-icing, cleaning, and freight transport using freight carts, portable water storage, and tow tractors. Safety and emergency services such as fire fighting, passenger service, and emergency services are also provided, along with airport operation support in the terminal's service area. Airspace incursion sensors, vertiport management solutions, and low altitude microweather systems further enhance airport safety and efficiency. Air carriers benefit from these offerings to ensure seamless operations.

Market Research Overview

The Airport Ground Support Equipment (GSE) market is a significant segment of the global capital goods industry, encompassing specialized equipment for baggage handling, passenger handling, cargo handling, electric ground support, maintenance platform lifts, and autonomous baggage vehicles. This market caters to the needs of the aerospace and defense sector, which includes commercial and general aviation, as well as defense platforms used under naval, land, and air domains. Additionally, the market covers arms and ammunition, defense electronics, defense logistics equipment, space platforms, and related MRO activities. According to Technavio, the global capital goods market size is determined by the combined revenue generated by manufacturers and providers for industries such as aerospace and defense, building, construction and engineering, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/