COVID-19 Impact on Smart Manufacturing Market by Industry

Post COVID-19, the global smart manufacturing market size is estimated to grow from USD 181.3 billion in 2020 and projected to reach USD 220.4 billion by 2025, at a CAGR of 4.0%. The estimation for 2020 is down by ~16% as compared to pre-COVID-19 evaluation.

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Factors that drive the growth of the smart manufacturing market include the increasing demand for smart manufacturing products & solution propelled by COVID-19, the importance of digital twin in maintaining operations within the manufacturing ecosystem, and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors.

COVID-19 Impact on Smart Manufacturing Market by Industry

• Process Industry
• Oil & Gas
• Food & Beverages
• Pharmaceuticals
• Chemicals
• Energy & Power
• Metals & Mining
• Pulp & Paper
• Others

• Discrete Industry

• Automotive
• Aerospace & Defense
• Semiconductor & electronics
• Medical Devices
• Machine Manufacturing
• Others

The aviation industry is expected to be most impacted by the COVID-19 in smart manufacturing market in 2020

The global aviation industry is way ahead in terms of the adoption of smart manufacturing solutions than any other sector. Some of the important smart manufacturing solutions adopted in this industry for developing aircraft components include software simulators, remote monitoring solutions, virtual reality solutions, and AI-based supply chain management systems. However, due to the rapid spread of COVID-19, companies such as Boeing, Airbus, Bombardier, and Embraer have either stopped or reduced aircraft production. This has created an adverse impact on the demand for smart manufacturing solutions used in the aviation industry. The aerospace & defense sector is expected to witness negative Y-o-Y growth for 2020 owing to the supply chain disruptions and restriction on travel caused by lockdowns in several countries across the world.

Some of the companies involved in the development of smart manufacturing solutions include 3D Systems (US ), CISCO (US), General Electric (US), Honeywell (US), IBM (Europe), Mitsubishi Corporation (Japan), Schneider (Europe), Siemens (Europe), Oracle (US), SAP (Europe), Yokogawa (Japan) and Stratasys (US).

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Rugged Display Market by Product Smartphone & Handheld Computer, Tablet, Laptop - Global Forecast to 2023

The rugged display market was valued at USD 7.03 billion in 2016 and is expected to reach USD 10.29 billion by 2023, at a CAGR of 5.92% between 2017 and 2023. The key drivers for the market include reduced total cost of ownership (TCO) offered by ruggedized products compared to consumer-grade devices in harsh environments and rising demand for HMI and IoT in various industries. Currently, the use of consumer-grade display devices in industrial applications is the main restraining factor for the growth of the market. 

Rugged smartphones and handheld computers held the largest share of the market. Most government, defense, transportation, and industrial applications require display devices that are rugged and portable in nature. Smartphones and handheld computers are efficient alternatives to custom rugged display devices in such applications. Windows OS-based rugged devices are expected to dominate the rugged display market during the forecast period. Windows CE, Windows Embedded Handheld, and Windows 10 are widely used in rugged display devices. Because of their wide acceptance, these platforms have been launched with different versions and development tools. Windows CE offers a wide variety of configuration and application options supported by a large number of rugged device manufacturers and provides end users with a wider choice of service and solution support. 

The rugged display market for the automotive & transportation vertical is expected to grow the highest between 2017 and 2023. Rugged displays enable paperless manufacturing plants to achieve faster and real-time data delivery, schedule parts delivery, and track quality. In transportation, tracking of goods is a complex job for the manager whether the good are on planes, trains, forklifts, tractor-trailers, or the warehouses. Rugged display devices such as mobile computers, tablets, and laptops can support the entire transportation fleet in real time while at the warehouse or in transit. 

North America held the largest share in the rugged display market. The industrial manufacturers in North America emphasize on adopting advanced technologies to enhance their production processes and optimize output. In addition, government, defense, aerospace, automotive, and transportation industries are considered to be the fast growing end-user industries for rugged displays in the region. For instance, in December 2015, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) regulated the use of electronic logging devices (ELDs) to improve roadway safety by employing advanced technology to strengthen commercial truck and bus drivers’ compliance with hours-of-service regulations to prevent fatigue.

The rugged display market is expected to witness the highest growth in APAC during the forecast period owing to the increased adoption of rugged devices in manufacturing and transportation industries in the region. The increasing defense budgets further drive the growth of the market in aerospace and defense industry in APAC, where rugged display manufacturers are expected to find various growth opportunities in near future.

The major players in the market are  Getac Technology Corp. (Taiwan), Zebra Technologies Corp. (US), Sparton Corp. (US), Xplore Technologies Corp. (US), Trimble, Inc. (US), Panasonic Corp. (Japan), and Advantech Co., Ltd. (Taiwan),Honeywell International, Inc. (US), Esterline Technologies Corp. (US), General Dynamics Corp. (US), L3 Technologies, Inc. (US), Curtiss-Wright Corp. (US), Elbit Systems, Ltd. (Israel), Dell Technologies Inc. (US), Beijer Electronics AB (Sweden), and Kyocera Corp. (Japan).

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Aviation Industry | Ground Support Equipment Market | 24.69 Billion USD by 2022

The ground support equipment market is projected to reach USD 24.69 Billion by 2022, at a CAGR of 11.76% from 2017 to 2022. Factors such as the increasing demand for electric and hybrid GSE and the increasing number of airport expansions and development are the main reasons for the growth of the market.

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Research Methodology:

Market size estimation for various segments and subsegments of the ground support equipment market was arrived at by referring to varied secondary sources, such as Hoovers, Bloomberg Businessweek, Factiva, annual reports, and publications, among others. Furthermore, market triangulation was performed with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data was consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

The ground support equipment market ecosystem comprises manufacturers such as JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), GATE GSE (Belgium), AMSS GSE (UK), Mallaghan Engineering Ltd. (UK), Tug Technologies Corporation (US), Tronair Inc. (US), MULAG Fahrzeugwerk GmbH (Germany), and Clyde Machines Inc. (US), among others.

Key Target Audience

• Ground Support Equipment (GSE) Manufacturers
• Original Equipment Manufacturers (OEMs) and Service Providers
• Subcomponent Manufacturers and Suppliers
• GSE Retailers, Wholesalers, and Distributors
• Maintenance, Repair, and Overhaul (MRO) Service Providers
• Technology Support Providers
• Logistical Partners and Transporters
• Solutions & Software Providers
• Airport Authorities and Airlines

Scope of the Report

This research report categorizes the ground support equipment market into the following segments and subsegments:

• Ground Support Equipment Market, By Type
  • Electric
  • Non-electric
  • Hybrid
• Ground Support Equipment Market, By Application
  • Passenger Service
  • Commercial Cargo Service
  • Commercial Aircraft Service
  • Military Cargo Service
  • Military Aircraft Service
• Ground Support Equipment Market, By End Use
  • Commercial
  • Defense
• Ground Support Equipment Market, By Component
  • Equipment
  • MRO
• Ground Support Equipment Market, by Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the World

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Some Key Factors Expected to Drive The Global Ground Support Equipment Market !!!

The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast period. This growth can be attributed to the increasing demand for electric and hybrid ground support equipment to cater the increasing air passenger and freight traffic, increase in warehouse operations at airports, and increasing number of airport expansions and development projects.

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Ground support equipment are an integral part of airport operations and include all equipment that are used at airport to cater aircraft between flights for handling of passengers, cargo, and aircraft at ground level. Ground support equipment majorly comprises aircraft pushback, tow tractors, container loaders, passenger buses, cabin service vehicles, deicers, ground power units (GPU), aerial lifts, test units, forklifts, belt loaders, and boarding stairs, among others. 

Innovations in the ground support equipment market have led to the development of operationally efficient, environmentally clean, and economically viable solutions. Various airports have also been undertaking initiatives to reduce their carbon emissions, thereby leading to an increase in the procurement of GSE which comply with the latest emission norms.

Based on type, the electric GSE segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the revised emission norms by countries to reduce greenhouse gases emissions at the airports. 

Based on application, the ground support equipment market has been segmented into passenger service, commercial cargo service, commercial aircraft service, military cargo service, and military aircraft service. The passenger service segment is expected to account for the largest market share in 2017. This growth is mainly attributed to the higher investments in infrastructure, expansion of existing airports, and upcoming new airports. 

The ground support equipment market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the region’s focus on enhancing its airport infrastructure, which also entails procurement of GSE to cater the increasing passenger and freight cargo traffic. For instance, according to the China Civil Aviation, China’s yearly demand for ground support equipment is estimated to be worth USD 644 million. 

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Ground Support Equipment Market | The electric GSE segment projected to witness the highest growth

The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast period. This growth can be attributed to the increasing demand for electric and hybrid ground support equipment to cater the increasing air passenger and freight traffic, increase in warehouse operations at airports, and increasing number of airport expansions and development projects.

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Objectives of the Study:

The report analyzes the ground support equipment market based on type (electric, non-electric, hybrid), application (passenger service, commercial cargo service, commercial aircraft service, military cargo service, military aircraft service), end use (commercial, defense), component (equipment, MRO), and region (North America, Europe, Asia Pacific, Middle East, and Rest of the World).

The report provides in-depth market intelligence regarding the ground support equipment market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market. It also provides an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market.

The report also covers competitive developments such as long-term contracts, new product launches and developments, and research & development activities in the ground support equipment market, in addition to business and corporate strategies adopted by key market players.

Asia-Pacific ground support equipment market projected to witness the highest growth during the forecast period

The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

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About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™
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Key factors influencing growth of the Ground Support Equipment Market

This report provides an in-depth analysis of the Ground Support Equipment (GSE) market from 2017 to 2022. It discusses industry and technological trends prevailing in the market. Furthermore, the report analyzes factors that are anticipated to drive or restrain the growth of the market in the near future. The ground support equipment market is projected to grow at a CAGR of 11.76% from 2017 to 2022.

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Ground support equipment are an integral part of airport operations and include all equipment that are used at airport to cater aircraft between flights for handling of passengers, cargo, and aircraft at ground level. Ground support equipment majorly comprises aircraft pushback, tow tractors, container loaders, passenger buses, cabin service vehicles, deicers, ground power units (GPU), aerial lifts, test units, forklifts, belt loaders, and boarding stairs, among others.

Innovations in the ground support equipment market have led to the development of operationally efficient, environmentally clean, and economically viable solutions. Various airports have also been undertaking initiatives to reduce their carbon emissions, thereby leading to an increase in the procurement of GSE which comply with the latest emission norms.

Based on type, the electric GSE segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the revised emission norms by countries to reduce greenhouse gases emissions at the airports.

Based on application, the ground support equipment market has been segmented into passenger service, commercial cargo service, commercial aircraft service, military cargo service, and military aircraft service. The passenger service segment is expected to account for the largest market share in 2017. This growth is mainly attributed to the higher investments in infrastructure, expansion of existing airports, and upcoming new airports.

The ground support equipment market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the region’s focus on enhancing its airport infrastructure, which also entails procurement of GSE to cater the increasing passenger and freight cargo traffic.
For instance, according to the China Civil Aviation, China’s yearly demand for ground support equipment is estimated to be worth USD 644 million.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
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The LED lights segment is projected to lead the airport lighting market during the forecast period

The airport lighting market is projected to grow from USD 454.5 Million in 2015 to USD 672.2 Million by 2021, at a CAGR of 7.2% during the forecast period. Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period.

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The LED lights segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the need for energy conservation at airports and reduction in maintenance costs. It has been proven that the LED lights save up to 40% energy compared to that of non-LED lights.

Asia Pacific: The fastest-growing market for airport lighting

The market for airport lighting has been estimated to be the largest in North America, due to increased focus towards reducing energy consumption and the need to cut down maintenance costs for lights. The airport lighting market in the Asia-Pacific region is expected to grow at the highest CAGR, due to various initiatives related to airport infrastructure expansions. This growth can also be attributed to the increase in government spending for infrastructure development, growing GDP of the region, and rise in air traffic.

Honeywell International, Inc. (U.S.): One of the key players in the airport lighting market

The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.

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M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Ground Support Equipment Market Outlook: worth 24.69 Billion USD by 2022

The report "Ground Support Equipment Market by Type (Electric, Non-Electric, Hybrid), Application (Passenger Service, Commercial & Military Cargo, Aircraft Service), End Use (Commercial, Defense), Component (Equipment, MRO), and Region - Global Forecast to 2022", The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast period.

Downlaod PDF Brochure:
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Asia-Pacific ground support equipment market projected to witness the highest growth during the forecast period

The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

Objectives of the Study:

The report analyzes the ground support equipment market based on type (electric, non-electric, hybrid), application (passenger service, commercial cargo service, commercial aircraft service, military cargo service, military aircraft service), end use (commercial, defense), component (equipment, MRO), and region (North America, Europe, Asia Pacific, Middle East, and Rest of the World).

The report provides in-depth market intelligence regarding the ground support equipment market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market. It also provides an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market.

The report also covers competitive developments such as long-term contracts, new product launches and developments, and research & development activities in the ground support equipment market, in addition to business and corporate strategies adopted by key market players.

Research Methodology:

Market size estimation for various segments and subsegments of the ground support equipment market was arrived at by referring to varied secondary sources, such as Hoovers, Bloomberg Businessweek, Factiva, annual reports, and publications, among others. Furthermore, market triangulation was performed with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data.

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Ground Support Equipment Market projected to be worth 24.69 Billion USD by 2022

The report "Ground Support Equipment Market by Type (Electric, Non-Electric, Hybrid), Application (Passenger Service, Commercial & Military Cargo, Aircraft Service), End Use (Commercial, Defense), Component (Equipment, MRO), and Region - Global Forecast to 2022", The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast period.

Download PDF Brochure:
http://www.marketsandmarkets.com/pdfdownload.asp?id=264041553

Objectives of the Study:

 

The report analyzes the ground support equipment market based on type (electric, non-electric, hybrid), application (passenger service, commercial cargo service, commercial aircraft service, military cargo service, military aircraft service), end use (commercial, defense), component (equipment, MRO), and region (North America, Europe, Asia Pacific, Middle East, and Rest of the World).

The report provides in-depth market intelligence regarding the ground support equipment market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market. It also provides an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market.

The report also covers competitive developments such as long-term contracts, new product launches and developments, and research & development activities in the ground support equipment market, in addition to business and corporate strategies adopted by key market players.

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

 

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The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.

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Airport Lighting Expected to Be the Largest Market by 2021

The airport lighting market is projected to grow from USD 454.5 Million in 2015 to USD 672.2 Million by 2021, at a CAGR of 7.2% during the forecast period. Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period.

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The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.

Objectives of the Report

• To define, describe, and forecast the airport lighting market on the basis of type, position, technology, and geography
• To analyze the degree of competition in the market by identifying various parameters, including key market players
• To identify and analyze the key drivers, restraints, opportunities, and challenges, influencing the airport lighting market
• To analyze the demand side and supply side indicators and provide a factor analysis for the airport lighting market
• To forecast the market size of segments with respect to various regions, which include North America, Europe, Asia-Pacific, the Middle East, and rest of the world (RoW)
• To identify and illustrate political, economic, social, and technological factors influencing the airport lighting  market
• To strategically profile key market players and comprehensively analyze their market share and core competencies
• To track and analyze competitive developments such as contracts, joint ventures, mergers & acquisitions, and new product developments in the airport lighting market

Target Audience for this Report

• Airport Lighting Manufacturers
• Original Equipment Manufacturers
• Sub-component Manufacturers
• Technology Support Providers

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report:

Airport Lighting Market, By Type

• Runway Lighting Systems
• Taxiway Lighting Systems
• Apron Lighting Systems

Airport Lighting Market, By Position

• In-Pavement/Inset Lights
• Elevated Lights
• Precision Approach Path Indicator

Airport Lighting Market, By Geography

• North America
• Europe
• Asia-Pacific
• Middle East
• Rest of the World

Available Customizations

• Along with the market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:
• Geographic Analysis
• Further breakdown of the RoW airport lighting market
• Company Information
• Detailed analysis and profiling of additional market players (up to five)

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
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Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com