PUBLISHER: Inkwood Research | PRODUCT CODE: 1069205
PUBLISHER: Inkwood Research | PRODUCT CODE: 1069205
The North America ground support equipment market is anticipated to grow with a CAGR of 10.96% during the forecasted years, 2022 to 2030. The market growth of the region is strengthened by the surge in e-commerce, increased spending on aircraft infrastructure, and the rise in complex operations.
The North America ground support equipment market growth study covers the in-depth evaluation of Canada and the United States. Two new programs, namely, the Airport Critical Infrastructure Program (ACIP) and the Airport Relief Fund (ARF), were introduced by Transport Canada. While the ACIP will offer nearly C$490 million for critical infrastructure associated with security, safety, and connectivity, the ARF will have approximately $65 million for distribution across targeted airports in Canada in order to help maintain operations.
Since Canada's preliminary plan of action is to concentrate on operational efficiency, there is a significant opportunity for GPS-enabled ground support equipment for tracking all airport ground movements. Moreover, Air Canada, as well as Jazz Aviation, have proposed to deploy GPS-enabled ground support equipment across key airports such as Montreal-Trudeau International Airport, Toronto Pearson International Airport, Halifax Stanfield International Airport, Vancouver International Airport, and Calgary International Airport.
In addition, studies have also been initiated on the feasibility of alternative energy conversion of ground support equipment at Canadian airports. As a result, these factors are set to augment the ground support equipment market growth in North America across the projected years.
The top firms operating in the market are: JBT Aerotech, Charlatte America, ITW GSE Aps, Tronair, etc.