Infinium Global Research Aircraft Ground Support Equipment Market | Page 8

Aircraft Ground Support Equipment Market: Global Industry Analysis, Trends, Market Size
and Forecasts up to 2023
The market size of aircraft ground support equipment is determined based on the top down
approach. The market size is validated using primary interview with the participants
working in some of the leading players in the aircraft ground support equipmentmarket.
The primary interview participants typically includes managers and CXO level executives of
theleading players in this market. The primary interviews not only help identify the market
size of the Aircraft Ground Support Equipmentmarket but also identify the factors that
promote the growth in the market and the factors that restrain the growth in this market.
The views of primary respondents were reconciled to provide qualitative analysis of the
aircraft ground support equipment market. The primary respondents also help identifying
top 5-10 players and their possible market share in the respective country markets and in
world market. The bottom-up approach is used to validate the global market size of aircraft
ground support equipment. With the help of primary interviews and secondary research
the market size of aircraft ground support equipment is determined for each country
studied, which then is added to arrive at regional market size and thereby obtaining global
market size. This in turn helps us to validate the market size of aircraft ground support
equipmentin the world market.
Executive Summary
Global Aircraft Ground Support Equipment Market Highlights, (USD Million)
The global aircraft ground support equipment market is expected to grow at a CAGR of 6.0
% between 2017 and 2023 in terms of value. The ground support equipment market is
widely driven by increase in air-traffic, upsurge in terminal expansions & modernization,
increasing number of passengers and increase in the number of aircraft deliveries across
the world.Additionally, Increase in the investment in the infrastructure is major driver
driving the market for the commercial cargo service segment in ground support equipment
market for the forecast period.However need for huge initial investments is expected to
restrain the growth of the aircraft ground support equipment market. With the rise in
freight and passenger traffic, the frequency of aircraft or flights movements is also rising ,
which is anticipated to provide more oppoertunities for commercial ground support
equipment market in the upcoming years.
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