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Global Aircraft Ground Support Equipment Market is Projected to Grow at a CAGR of 4.67% Over the Forecast Period of 2023-2030.

Infograph - Global Aircraft Ground Support Equipment Market

By Infinium Global Research Jan, 2024

The global aircraft ground support equipment market was valued at USD 5,467.0 million in 2022 and is expected to reach USD 7,804.1 million by 2030 and grow at a CAGR of 4.67% over the forecast period. Growing air transport operations across the globe are driving the market. The growth in air operations is being observed as there is increasing demand for air transportation of passengers and cargo. As per ICAO, more than 100,000 commercial flights occur each day across the world. Also ICAO has predicted approximately 200,000 flights per day to take off and land around the globe by mid 2030s. Therefore, the growing air transport operations is creating the demand for new aircraft ground support equipment. Furthermore, rising automation in aircraft ground support equipment operations is also propelling the market. The automation offers multiple benefits over manual handling of these operations and leads to cost saving and streamlining of ground support operations. The environmental impact of conventional aircraft ground support equipment may restrain the market. Expansion of aircraft fleet by airlines and rising investments into airport infrastructure is expected to create numerous growth opportunities.

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