What is the current market size and development trend of the aviation ground support equipment industry?

According to research statistics from Baijian Strategy, the global ground support equipment market is expected to reach 2.81 billion USD in 2024, and is projected to reach 3.97 billion USD by 2030, with a compound annual growth rate (CAGR) of 5.93% from 2024 to 2030. The following are the development trends in the aviation ground equipment industry:

　　In terms of technological innovation

Increased level of intelligence and automation: Utilizing advanced sensors, controllers, and actuators to achieve precise control and autonomous navigation of ground equipment. For example, automated baggage carts and smart cleaning robots will gradually become popular, reducing human error and improving operational efficiency.

Increased application of new energy: To reduce dependence on fossil fuels and lower carbon footprints, new energy equipment such as electric and hybrid vehicles will see wider application, including electric baggage tugs and solar power generation equipment.

Integration of data analysis and the Internet of Things: Achieving interconnectivity between ground equipment through IoT technology, collecting real-time data on equipment status, environmental conditions, and task execution efficiency, and using data analysis and big data technology to optimize operations and maintenance plans, thereby building smart airports.

　　In terms of market demand

Highlighting the demand for customized services: With the segmentation of the aviation market and the increase in personalized needs, customers' demand for customized airport ground equipment is gradually becoming prominent. Manufacturers need to provide personalized solutions based on the specific needs of different customers.

Increased requirements for environmental performance: Against the backdrop of rising global environmental awareness, customers are placing higher demands on the environmental performance of airport ground equipment. Low noise, low emissions, and energy-efficient equipment will be more favored in the market.

　　In terms of industry structure

Intensified market competition: The global ground support equipment market is highly competitive, with major players including TLD Group and JBT Corporation. Companies are engaged in fierce competition in areas such as technological innovation, product quality, and after-sales service to capture more market share.

Rise of the Asian market: With the rapid development of the aviation industry in Asia, airport ground equipment companies in countries such as China, Japan, and South Korea are gradually emerging and gaining a certain competitive advantage in the international market.

　　In terms of equipment application

Preference for movable and modular designs: The movable and modular design of equipment makes it more adaptable to different work scenarios and needs, enhancing the flexibility, adaptability, and maintainability of the equipment.

Expansion of 3D printing technology applications: 3D printing technology may be used to manufacture and repair components of ground support equipment, improving production efficiency, reducing inventory, and lowering maintenance costs.