Global Airport Ground Handling Systems for Cargo Market Trends and Forecast: Total Value is Estimated to Reach $14.64 Billion by 2029

Global Airport Ground Handling Systems for Cargo Market Overview

According to Global Market Monitor, the global airport ground handling systems for cargo market size is expected to grow to $14.64 billion by 2029 with a CAGR of 7.35% from 2024 to 2029.Airport ground handling systems for cargo are broadly segmented into aircraft handling, passenger handling, and cargo handling. airport ground handling services have witnessed a moderate increase in accidents and mishaps that are directly caused by faulty ground handling.

Regional Market

With the continuous development of the economy and transportation industry, emerging countries have developed rapidly in the airport ground handling systems for the cargo market, the industry chain has gradually improved, and transportation is convenient for people's lives. They are developing countries in the region, where the population is rising and the development of the transportation and tourism industry brought a lot of demand for Airport Ground Handling Systems for Cargo. This is a potential consumption market. In addition, because of the low labor cost and a good industrial base. This is also one of the factors driving market growth in the region.

Globally, airport ground handling services have witnessed a moderate increase in accidents and mishaps that are directly caused by faulty ground handling. Aircraft weight balancing, maintenance, examination of aircraft fuselage and engines, emergency services, and other activities have to become more secure and faster, to accommodate the rising number of on-time departures scheduled per day. Proper cargo and passenger handling have become a factor that can decide profit & loss for airlines. With the development of the economy, the markets of VIP business jet service and tourism industry are booming, and the demand for the market has increased, which has promoted the development of airport ground handling systems for cargo.

Market Trend

The major drivers of the airport cargo ground handling systems market include the growth of air passenger traffic, airport modernization, and technological advancements. Energy efficiency and sustainability are at the forefront of airport cargo handling systems. The industry is transitioning to renewable energy and adopting renewable technologies, from energy-efficient motors to designs that minimize mechanical losses. Notable innovations include converting conveyor kinetic energy into electricity, significantly reducing energy consumption, and cutting operating costs. The wide application of IoT solutions based on cloud router technology in warehouse security management is an emerging trend. The main features of cloud router technology are a real-time alarm, a user-friendly interface, and an advanced logging system. As more companies adopt IoT-based cloud router technology for warehouse security, airport ground and cargo handling volumes are expected to grow.

According to a report by the International Air Transport Association (IATA), the number of passengers will double to 8.2 billion by 2037. In addition, the Ministry of Civil Aviation's Vision 2040 report states that India will have 190-200 operational airports by 2040. Therefore, as the number of airports increases, the demand for airport ground and cargo handling services is expected to rise.

June 2024	Worldwide Flight Services (WFS), a subsidiary of Sunfly Group, has strengthened its cooperation with European American airlines. WFS's role in Europe already includes managing the escalating cargo operations of American Airlines in key countries such as France, Germany, Ireland, Italy, the Netherlands, Spain, and the United Kingdom.
February 2024	Menzies Air has signed a major agreement with Air Serbia. The agreement marks Menzies' largest joint venture in Eastern Europe and was launched in February 2024.