PUBLISHER: TechSci Research | PRODUCT CODE: 1886594
PUBLISHER: TechSci Research | PRODUCT CODE: 1886594
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The Global Aerospace Support and Auxiliary Equipment Market will grow from USD 34.84 Billion in 2024 to USD 50.52 Billion by 2030 at a 6.39% CAGR. The global aerospace support and auxiliary equipment market comprises the essential machinery, tools, and systems critical for the operation, maintenance, repair, and ground servicing of aircraft. This encompasses a wide array of ground support equipment, air traffic control components, and specialized manufacturing tools.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 34.84 Billion |
| Market Size 2030 | USD 50.52 Billion |
| CAGR 2025-2030 | 6.39% |
| Fastest Growing Segment | Commercial Radars |
| Largest Market | North America |
Key Market Drivers
The rising volume of air travel and goods transportation directly fuels demand for ground support equipment, air traffic control systems, and maintenance tools essential for efficient airport operations and timely aircraft turnarounds. For example, according to the International Air Transport Association, in September 2024, global air cargo demand, measured in cargo tonne-kilometers, rose by 9.4% compared to September 2023 levels, signifying a consistent need for robust cargo handling and logistical support equipment.
Key Market Challenges
A significant impediment to the sustained expansion of the global aerospace support and auxiliary equipment market is the substantial capital investment necessary for new equipment acquisition and the specialized maintenance infrastructure critical for operational continuity. This considerable upfront expenditure poses a financial hurdle for airlines, airports, and military operators, who are the primary purchasers and users of this equipment. The high cost discourages timely fleet modernization and the adoption of advanced ground support systems and air traffic control components.
Key Market Trends
The growing integration of digitalization, the Internet of Things, and predictive maintenance is fundamentally reshaping the aerospace support and auxiliary equipment market by fostering proactive maintenance strategies. This trend leverages advanced sensors and data analytics for real-time equipment health monitoring, anticipating failures to reduce unplanned downtime and optimize maintenance schedules. This approach ultimately lowers operational costs and enhances asset utilization.
In this report, the Global Aerospace Support and Auxiliary Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Aerospace Support and Auxiliary Equipment Market.
Global Aerospace Support and Auxiliary Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: