The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ground Handling Software Market.
It was estimated prior to this unanticipated outbreak that the Ground Handling Software Market was likely to witness an impressive CAGR of 5.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. 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.
The rise in demand for accurate and precise information of airport ground operations and the need to effectively manage operations at airports are the major factors expected to drive the growth of the global ground handling software market. Further, growth in investments for the upgrade of IT infrastructure at airports is another significant factor that is immensely contributing towards the growing demand for ground handling and support software, across the globe.
Ground Handling Software Market Segment Insights:
By Airport Class Type:
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.
By Application Type:
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.
By Software Type:
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.
By Investment Type:
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.
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.
Ground Handling Software Market: Key Players
Some of the major players in the ground handling software market are-
- Avtura Ltd.
- Amadeus IT Group SA
- Arepo Solutions Ltd.
- Damarel Systems International Ltd.
- Inform GmbH
- Mercator Company
- Quantum Aviation Solutions GmbH
- Rockwell Collins, Inc.
- Sabre Corporation
- Topsystem GmbH.