What is Aircraft Cargo System Market?
Aircraft cargo system is defined as the system which is specially intended for designing aircraft for the special transport of goods. There are numerous benefits to using an aircraft cargo system such as high level of security and reduced risk of theft and damage, less need for warehousing, highly reliable arrival and departure times, less packaging required and others. Air cargo volumes sales have increased in recent years due to rising demand safe transfer of goods across the world. For instance, in 2017, according to an article published by Airport Council International, the air cargo volumes at worldwide 20 busiest airports raised by more than 6% than the previous year. This can be attributed to the growing demand for aircraft cargo system market in the future.
Highlights from Aircraft Cargo System Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Collins Aerospace (United States), AHCELL (United Kingdom), CEF Industries LLC (United States), Telair International GmbH (Germany), Kietek International Inc. (United States), Cargo Systems Inc. (United States), Onboard Systems International LLC (United States), Ancra International LLC (United States), Davis Aircraft Products Co., Inc. (United States), U.S. Cargo Systems (United States), AAR Cargo Systems (United States) and Saco Airport Equipment (Netherlands) |
The aircraft cargo system market is highly competitive with the presence of numerous player. Some of the major players of aircraft cargo system are Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Tikun Olam (Israel), among others Research Analyst at AMA predicts that United States and Canada Manufacturers will contribute to the maximum growth of Global Aircraft Cargo System market throughout the forecasted period.
Collins Aerospace (United States), AHCELL (United Kingdom), CEF Industries LLC (United States), Telair International GmbH (Germany), Kietek International Inc. (United States), Cargo Systems Inc. (United States), Onboard Systems International LLC (United States), Ancra International LLC (United States), Davis Aircraft Products Co., Inc. (United States), U.S. Cargo Systems (United States), AAR Cargo Systems (United States) and Saco Airport Equipment (Netherlands) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Cronos Group (Canada), Terra Tech (United States) and MedMen (United States). Aircraft Cargo System Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Commercial Aviation and Military Aviation |
Type | Cargo Handling Systems {Ball Transfer Units, Power Drive Units, Control Systems, Freighter Common Turntables, Rollout Stops, Others} and Interior Cargo Fittings {Cargo Nets, Baggage Restraints, Seat Track, Fall Protection or Hoist Nets, Others} |
Aircraft Type | Fixed-wing Aircraft,Rotorcraft |
On the basis of geography, the market of Aircraft Cargo System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Passenger and Freight Traffic across the World and Highly Investment for Heavy Cargo as well as Airplane Handling System
Market Growth Drivers:
Increasing Demand Safe Transfer of Goods and Cargo in Freighter Aircraft and Technology Advancement is a Requirement for Advanced Cargo Systems
Challenges:
Innovation and Adopting New Techniques in Shipment Handling and Providing an Engaging Customer Experience as well as Managing Cost Challenges
Restraints:
Issue related to Optimizing Cargo Problem and Maximizing Profit
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, Philippines, among others
Key Target Audience
Aircraft Cargo System Manufacturers, Aircraft Cargo System Sub-component Manufacturers, Aircraft Cargo System Distributors/Traders/Wholesalers, Industry Association and Downstream Vendors
In September 2018, the SpiceJet has launched air cargo services on domestic and international routes. In addition, it operates cargo service cargo services under the brand name SpiceXpress. Therefore, this launched will strengthen the company presence in the market across the globe.