Over the last few years, there has been a lot of emphasis on sublime operation handling and aircraft management in the aviation sector worldwide. This has resulted in the growth in the demand for aircraft ground equipment.
Over the course of aviation industry history, we have seen a lot of changes, but the last 20 years have arguably been the most exciting. We saw a decrease in airline prices, which increased the number of passengers, so the airlines have to expand their fleet to meet the rising demands. This gave a huge boost to the aircraft ground support equipment market.
But the commercial section isn’t the only one providing great opportunities to companies belonging to the market, the military and defense sector is also likely to offer some exciting opportunities in the next few years. The demand for effective and adequate ground support equipment is only going to increase with the complexities in infrastructure and high-grade security maintenance.
The market was expected to do well this year, but the coronavirus crisis changed the situation completely, like other markets ground support equipment market is also suffering from the crisis. This resulted in the drop in ground support equipment demand, however, it is expected that situation would turnaround in the last quarter of 2020, but nothing can be said for sure.
The current situation has provided an opportunity for the key players of the market to look for new technologies to improve their processes and enhance the efficiency of the equipment. Minimizing the production cost has always been the priority, but we expect companies to look for environment-friendly solutions. The market has been in the great influence of digital technology for the past few years, but it’s nothing as compared to what we might see in the next decade. The technology will be used to produce cost-friendly and environment-friendly solutions.