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Ground Handling Software Market size is expected to grow from US$ 2959.17 million in 2021 to US$ 4431.98 million by 2028

May 27th, 2022 5:25 AM

Ground Handling Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis, published by The Insight Partners, the ground handling software market size is expected to reach US$ 4,431.98 million by 2028, registering a CAGR of 5.9% during 2021–2028.

 

Increasing Investment toward Airport Construction and Expansion to Drive Ground Handling Software Market During Forecast Period

The global aviation sector has been surging stupendously in terms of passenger counts, aircraft orders and deliveries, airport infrastructures, and governmental support. Governments in developed and developing countries are striving hard toward advancements in the aviation sector, and associated industries. Growing investments toward the construction of newer airports, and the expansion of existing airports, are driving the ground handling services industry, which is positively impacting the ground handling software market share during the forecast period.

According to Airport Council International (ACI), the growth rate of air passengers in different regions in Asia Pacific – 10%, Europe – 8.8%, Africa – 6.3%, the Middle East – 5.8%, South America – 4.0%, and North America – 3.7%. Substantial investments are being monetized to construct newer airports or expand existing infrastructures to cater to the ever-rising passenger count. According to the Center for Aviation (CAPA), investments in new airport construction were significantly high in 2019, with a majority of investments being from Asia Pacific. Similarly, the capitalization on airport renovation or expansion activities is also substantial over 2018, 2019, and 2020, impacting the ground handling software market.

Key Players Influencing the Market

  • Arepo Solutions Ltd.
  • Avtura Limited
  • Damarel Systems International Ltd.
  • INFORM GmbH
  • Quantum Aviation Solutions
  • Quonext
  • 1RESA Airport Data Systems
  • SITA
  • TOPSYSTEM SYSTEMHAUS GMBH
  • Wiseleap

The COVID-19 pandemic significantly impacted North America due to a high number of immigrants traveling through the region, the lack of an initial stage lockdown in the country, and the presence of many virus carriers in the country at the same time, spreading the disease rapidly. The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country.

The continuous rise in the number of infected individuals has led the US Government to impose a lockdown across the nation’s borders. The airport closure for regular passengers led the airports to experience deflation in revenue. The rate of technological uptake among US airports is decent. Due to the closure of airports, the demand shrank to an extreme level, affecting the ground handling software market growth to a great extent.

Get Sample Copy of this Report @ https://www.theinsightpartners.com/sample/TIPRE00009709/

 Answers that the report acknowledges:

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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