Airside services are employed to ensure proper maintenance and operations at the airport. Liberalization of trade and favorable regulatory norms have resulted in a rise in air traffic as well as air freight volume. This global scenario has further generated the demand for airside services. Besides, the expansion of airports in the developing regions along with a rise in market jets and commercial aircraft is an emerging trend that the airside service market is witnessing in these regions.
MARKET SCOPE
The "Global Airside Service Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Airside Service market with detailed market segmentation by service type, application area and geography. The report provides key statistics on the market status of the leading Airside Service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on the service type, the market is segmented as ramp handling, ground handling, aircraft maintenance, fuel & oil handling, traffic control, and others.
- On the basis of application area, the market is segmented into commercial airports and military airports.
MARKET DYNAMICS
Drivers:
- Growth of the commercial aviation industry coupled with the growing popularity of on-airport services like ramp handling and de-icing
- Growth in tourism sector
- surge in demand for low-cost carriers
Restraints:
- Growing price competition, along with the increasing bargaining power of airlines
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Airside Service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis, highlighting the factors affecting the airside service market across regions
IMPACT OF COVID-19ON AIRSIDE SERVICE MARKET
Governments and aviation related businesses across the world are forced to take several stringent measures to contain the spread of the COVID-19 virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different regions are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Since components, such as Airside Services, are vital for the functioning of airports and airlines, the demand for such products for air travel continues to rise with the re-opening of commercial airlines.
MARKET PLAYERS
The report covers key developments in the Airside Service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Airside Service market are anticipated to lucrative growth opportunities in the future with the rising demand for Airside Service in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Airside Service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Acciona, S.A.
- Aloha Contract Services
- Aviapartner
- Baltic Ground Services (BGS)
- Flughafen M?nchen GmbH
- Menzies Aviation
- NAS Airport Technologies
- SATS Ltd.
- Saudi Ground Services Company (SGS)
- Worldwide Flight Services