The Business Research Company’s Airside Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Airside Services Global Market Report 2023 evaluates airside services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global airside services market is poised for significant expansion, with a projected increase from $4.04 billion in 2022 to $4.47 billion in 2023, representing an impressive compound annual growth rate (CAGR) of 10.9%. Nevertheless, the shadow of the Russia-Ukraine conflict looms large, casting a pall over the worldwide economic recovery following the COVID-19 pandemic. This tumultuous war has catalyzed a cascade of far-reaching consequences: the imposition of economic sanctions on various nations, a surge in commodity prices, and widespread supply chain disruptions. These factors, in turn, have spurred inflationary pressures across both goods and services, accompanied by the inevitable repercussion of increased interest rates that reverberate throughout global markets. As we peer into the future, the airside services market is poised to ascend further, reaching a substantial valuation of $6.55 billion in 2027, underpinned by a robust CAGR of 10.0%.
The anticipated expansion of the commercial aviation industry promises to be a significant catalyst for the burgeoning airside services market. In the context of aviation, commercial aviation denotes the sector focused on the operation of aircraft for revenue-generating purposes, primarily the conveyance of passengers and cargo in exchange for monetary remuneration. Within this dynamic landscape, airside services emerge as a pivotal facet, essential for ensuring the seamless operation, safety, and efficiency of aircraft, which in turn underpins the smooth transportation of passengers and goods at the ground level of airports.
To illustrate this surge, we can reference a recent report by the Bureau of Transportation Statistics, a U.S. government agency. In the year 2022, U.S. airlines experienced a remarkable upswing, transporting 194 million more passengers than in the preceding year, constituting an impressive 30% annual increment. Furthermore, the statistics for January through December 2022 reveal a substantial surge, with U.S. airlines managing 853 million passengers (unadjusted) compared to 658 million in 2021 and a mere 388 million in 2020. This data underscores the substantial and sustained growth of the commercial aviation sector, which, inextricably linked to airside services, augments the thriving airside services market.
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The airside services market segments in the report are:
1) By Platform: Hardware, Software, Services
2) By Service: Ramp Handling, Ground Handling, Aircraft Maintenance, Fuel And Oil Handling, Traffic Control, Other Services
3) By Airport Class: Class A, Class B, Class C, Class D
4) By Application: Commercial Airports, Military Airports
The table of contents in TBRC’s airside services market report includes:
- Executive Summary
- Airside Services Market Characteristics
- Airside Services Market Trends And Strategies
- Airside Services Market – Macro Economic Scenario
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- Global Airside Services Market Competitive Benchmarking
- Global Airside Services Market Competitive Dashboard
- Key Mergers And Acquisitions In The Airside Services Market
- Airside Services Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- United Aviation Services
- Honeywell International Inc
- Aeromexico Servicios
- Collins Aerospace
- Acciona S.A
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