Feb 16, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ground Handling Software Market.
It was estimated prior to this unanticipated outbreak that the Ground Handling Software Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Ground handling software designates to the application of computerized software systems to perform the maximum amount of airport ground handling tasks, which claim for high precision and rigidity. These tasks comprise baggage handling, flight management, passenger handling, and airline revenue management, among a host of various other ground handling operations.
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Ground Handling software is a computerized system that is dedicated to handling airport ground activities. The software is developed in order to maintain rigidity and precision.
Ground handling software is used in diverse areas such as the terminal side, airside, and landside. Passenger boarding, baggage management, flight information display, resource management, security management, and others are the various software type that comes under the ground handling software.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the airport class type, the market is segmented as Class A airport, Class B airport, Class C airport, and others. The Class C segment is estimated to register the highest growth during the forecast period, driven by the increasing investments done by airport authorities in the ground handling software market.
Based on the application type, the market is segmented as terminal side, air side, and land side. The terminal side segment is estimated to depict the highest growth in the coming five years. This growth of the segment can be attributed to the practice that a vast majority of the software related processes are conducted at the terminal side to simplify operations, such as baggage handling, passenger check-in, and passenger security, among others.
Based on the software type, the market is segmented as passenger boarding & departure control, baggage management, flight information display, resource management, security management, automated cargo & load control, GSE Tracking (Telemetry), ramp management, transport management, and others. The passenger boarding & departure control software segment dominated the market in 2018, and is estimated to continue its dominance during the forecast period as well. The growth of the segment can be attributed to the rise in air passenger traffic, which is fueling the demand for passenger boarding & departure control software.
Based on the investment type, the market is segmented as greenfield and brownfield. The green field segment is estimated to register a higher growth during the forecast period, driven by the growing investments in the construction of new airport infrastructures.
In terms of regions, Asia-Pacific is estimated to witness the highest growth in the ground handling software market during the forecast period. China and India are the growth engines of the region. In addition, many emerging countries, such as Chile, Argentina, and Brazil, among others are enormously investing towards the development of IT infrastructure at their existing airports, which is a major grow driver of the market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Ground Handling Software market are-
- Avtura Ltd.
- Amadeus IT Group SA
- Arepo Solutions Ltd.
- Damarel Systems International Ltd.
- Inform GmbH
- Mercator Company
- Quantum Aviation Solutions GmbH
- Rockwell Collins, Inc.
- Sabre Corporation
- Topsystem GmbH.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ground Handling Software analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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