Global Airport Stand Equipment Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Airport Stand Equipment Market 2021 (Includes Business Impact of COVID-19)
Global Airport Stand Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global airport stand equipment market report has been segmented as per equipment type, and region.
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The global Airport Stand Equipment market size was valued at USD $1.32 billion in 2020 and is projected to reach $2.08 billion by 2030, and is anticipated to expand at a CAGR of 4.70% over the forecast period from 2020 to 2030.


Global Airport Stand Equipment Market: Overview


Airport authorities are continuously trying to enhance the travel experience of passengers. Airport stands are designed to do all tasks which are related to aircrafts such as cargo or passenger loading/unloading operations, ground power operations, aircraft mobility, etc. This airport stand equipment ensures smooth functioning of tasks related to aircraft ramp. Airport stand equipment is used while arrival and departure of flights by the personnel to ensure well-organized tasks of flights and provide safety and comfort to passengers and airport staff.


Global Airport Stand Equipment Market: Dynamics


Key factor expected to drive growth of the global airport stand equipment market is advent of technology, rising application in commercial aviation sector. In addition, benefits such as well-organized safety norms to perform convoluted operations with minimal risks, lower cost related to airport equipment, and need for less man power is expected to drive growth of global airport stand equipment market. Increasing technological advancements in aviation sector for airport upgradation and remarkably increasing rate of air traffic are some of the other major factors expected to augment growth of the global airport stand equipment market.

Moreover, rising demand for upcoming airports in developing countries, rising interest of vendors to enhance airports on a global level is expected to fuel growth of the global stand equipment market. Growing international tourism is leading to enhancement and expansion of existing airports, and to build new airports are factors expected to fuel growth of the global airport stand equipment market.  Rising number of various energy-efficient projects is driving growth of the global airport stand equipment market.

However, some factors such as ideal utilization of resources and rising cost of operations is expected to hamper growth of the global airport stand equipment market to a certain extent.


Global Airport Stand Equipment Market: Segment Analysis


Among the equipment types segments, the air bridge segment is expected to account for major revenue share in the global airport stand equipment market. This can be attributed to increasing need for air bridges to help passengers aboard the plane easily, and ability of air bridges to extend from an airport terminal gate to the aircraft. Moreover, air bridges offer various benefits such as is can be movable, fixed and expanded in length as per the structure of the airport and requirement. Currently, many players are focusing on developing large aircrafts to gain more profits, which in turn is expected to increase demand and usage of air bridges.

The preconditioned air unit segment is expected to register highest growth rate over the forecast period, due to increasing air traffic and growing tourism industry.


Global Airport Stand Equipment Market: Region Analysis


The market in North America is estimated to account for the highest share in terms of revenue in the global airport stand equipment market. Increasing number of air passengers is resulting into more demand of aircrafts which is augmenting growth of the North America airport stand equipment market. In addition, countries in north America such as US and Canada are known as capital for aerospace industry, which is another major factor expected to drive North America market in the next few years.


Below are the active patents related to Airport Stand Equipment Market.


Patent Number: US20110050430A1

Preconditioned Air (PCA) Temperature Monitor

Abstract

The performance of a PCA unit associated with an airport gate is monitored by a temperature sensor in the stream of output air leaving the PCA unit, to produce a signal indicative of the temperature of the output air that may be compared to an acceptable range of values, or to the temperature of air input to the PCA unit (as measured by a second temperature sensor). An alert is generated to a human operator if the temperature measured does not compare favorably with the desired range.

Application filed Date: 2010-08-23

Application Granted Date: 2014-03-04

Current Assignee: Twist Inc

Global Airport Stand Equipment Market Segmentation:

Segmentation by Equipment Type:

  
Air Bridges
  
Preconditioned Air Unit
  
Electrical Ground Power Unit
  
Stand Entry Guidance System

Segmentation by Application

  
Military
  
Civilian


Key Market Players included in the report:


  
Aero Specialties Inc.
  
AEROTECH
  
AMSS
  
Cavotec SA
  
DENGE Airport Equipment
  
FMT Aircraft Gate Support Systems AB
  
John Bean Technologies Corp.
  
Mallaghan
  
Omega Aviation Services Inc.
  
Safegate Group
  
Shinmaywa Industries Ltd.
  
Sinepower
  
Textron GSE
  
Thyssenkrupp Airport Systems Inc.
  
Trepel


Below are the key development related to Airport Stand Equipment Market in 2020 and 2021.