Airport Stands Equipment Market by Equipment Type Electrical Ground Power Unit (Fixed, Movable), Stand Entry Guidance System (VDGS, AVDGS), by Geography - Global Forecasts to 2020
The global
airport stands equipment market is estimated to be valued at USD 851.71 Million
in 2015 and is projected to reach USD 1196.93 Million by 2020, at a CAGR of
7.0% from 2015 to 2020. The growth in the airport stands equipment market is
attributed to factors such as increasing demand in commercial aviation
applications, better technological advancements, and amended safety norms to
perform complex operations with least human intervention, and reduced risks and
cost associated with the use of stands equipment.
The global
airport stands equipment market is estimated to be valued at USD 851.71 Million
in 2015 and is projected to reach USD 1196.93 Million by 2020, at a CAGR of
7.0% from 2015 to 2020.
Browse 74 market data
Tables and 81 Figures spread through 182 Pages and in-depth TOC on "Airport Stands
Equipment Market - Global Forecasts to 2020"
The market
players such as ThyssenKrupp Airport Systems Inc. (U.S.), John Bean
Technologies Corporation (U.S.), and TUG Technologies Corporation (U.S.) are
adopting various strategies such as new product developments, long-term
contracts, and expansions to strengthen their positions in the global market.
They are investing considerable amounts of their revenue into R&D to
introduce advanced stands equipment with reduced weight.
The demand
for airport stands equipment has been increasing rapidly; the demand for
aviation services is expected to drive the number of passengers traveling
throughout the world. The per capita income and the prices of air travel cost
are some of the important economic factors which affect the civil aviation
industry in a particular region.
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Globally,
the demand for aviation services is expected to drive the number of passengers
traveling throughout the world. The factors which influence the aviation market
include economic factors such as income and prices. The per capita income and
the prices of air travel cost are some of the important factors which affect
the civil aviation industry in a particular region this will in short affect
the airport stands equipment market.
The
aircraft uses an in-built auxiliary power unit (APU) for generating on-flight
power. The power produced is used to run all the electrical equipment,
including lighting, air conditioner, and others. The APU uses onboard aviation
jet fuel to produce power. Once landed, the aircraft still needs preconditioned
air. The use of APU to cool the aircraft is costlier as aviation fuel costs are
high. Hence, the companies use preconditioned air units located near aircraft
stands to cool or heat the aircraft. These units pass on the preconditioned air
through ducts and hosing pipes.
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