Airport Stands Equipment Market - By Equipment Type: [Air Bridges (Steel and Glass), Preconditioned Air Unit (Fixed and Movable), Electrical Ground Power Unit (Fixed and Movable), and Stand Entry Guidance System (Visual Docking Guidance System [VDGS], Advanced Visual Docking Guidance System [AVDGS])] - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Airport Stands Equipment Market held USD 1167.8 million in 2020 and is predicted to reach USD 1976 million by 2030 with a CAGR of 5.4% from 2020-2030. Airport stand equipment is majorly used during the departure and arrival of the aircraft. These are the equipment on the aircraft ramps with a purpose to provide comfort and adequate safety for the passengers and staff, to ensure the smooth operations related to the aircraft. Along with all these uses, they also work as a preconditioned power unit and can help for heating and cooling of the aircraft when in static. There are many types of stands equipment on the airport which include Air Bridge, preconditioned air unit, electrical ground power unit, and others. The air bridge is the connector extended from the airport terminal gate to an airplane specially made up of steel or glass. Cabin in static condition can get cold or hot, making it uncomfortable, hence to avoid a preconditioned air unit the system provides conditioned air to the aircraft cabin while aircraft is parked at gate or maintenance site. Ground power unit (GPU) is a vehicle or system which is capable of supplying power to the parked aircraft is also airport stand equipment. Another system included is the stand entry guidance system that provides information to the pilot attempting to park the aircraft on a stand. Usually, this system provides information in visual form. Therefore, these equipment are significantly necessary to ensure the smooth operation of the aircraft and for the safety and comfort of passengers. Hence, growing number of passengers is influencing the demand of the market. According to International Air Transport Association (IATA) in the upcoming years during 2016-2036 global passenger air traffic will increase with a compounded annual rate of 3.6% and expected to reach 7.8 billion by 2036 which will positively influence the airport stand equipment market.

Market Dynamics and Factors:

Continuous rise in global passenger traffic, airport modernization, and demand for new aircraft are some of the major factors driving the market globally. Growing urbanization leads to an improved lifestyle and increases in disposable income are the supporting factors driving the market. Increasing tourism is another factor that will boost the market in the upcoming years. However, the high shelf life of this equipment is the restraining factor of the market. Upgrading infrastructure and advancements in technology are further expected to create new opportunities in the upcoming years.  

Market Segmentation:

On the basis of equipment type, the market was segmented into air bridges (steel and glass), preconditioned air unit (fixed and movable), electrical ground power unit (fixed and movable), and stand entry guidance system (VGDS- Visual docking guidance system, AVGDS- advanced visual docking guidance system). Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

North America is expected to dominate the market with the highest number of revenue share and advancement in the aviation sector combined with the growing tourism sector. Asia Pacific is growing at a fast pace due to urbanization, and the changing lifestyles of the population combined with the growing demand of the aircraft sector. The Middle East & Africa is also growing with significant growth. Asia Pacific is expected to dominate the global airport stand equipment market during the forecast period.

Competitive Scenario:

Companies, operating in airport stands equipment market are Aerospace Specialties, Inc. (U.S.), ThyssenKrupp Airport Systems, Inc. (U.S.), JBT Aerotech (U.S.), TUG Technologies Corporation (U.S.), ShinMaywa Industries Ltd. (Japan), Safegate Group (Sweden), Cavotec SA (Switzerland), FMT Airport Systems (Sweden), Adelte Group (Spain), and Omega Aviation Inc. (U.S.) among others.

Airport Stands Equipment Market Report Scope