The Ground Handling Software Market is expected to grow at CAGR of 5.2% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Ground Handling Software Market
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.
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.
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Market Scope & Segmentation
Ground Handling Software Market Share: By Airport Class Type
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.
Ground Handling Software Market Share: By Application Type
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.
Ground Handling Software Market Share: By Software Type
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.
Ground Handling Software Market Share: By Investment Type
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.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2021-2026. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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