Ground Handling System Market To Represent USD 189.09 Billion Opportunity Globally by 2022

The global ground handling system market size is expected to reach USD 189.09 billion by 2022, according to a new report by Grand View Research, Inc.
The substantial growth prospects of the aircraft ground handling system market can be attributed to a global increase in the passenger and cargo air traffic. Support by several governments worldwide and the local airport authorities are also stimulating the industry growth. Aviation and local airport authorities regulate the operations of handling equipment related to the safety of airliners, passengers, and the cargo to be transported.
The multi-billion-dollar expansion of airline fleets and airports globally has set off significant growth prospects for the aircraft handling industry players.Both, airlines operators and airports are focused on procuring and implementing advanced technologies to meet the rising air traffic and ensuring greater profitability, performance, and efficiency amidst stiff competition.
An emerging trend in the industry is the use of renewable energy sources to power equipment. Biogas-powered snow removal equipment, which is an eco-friendly approach, is being developed increasingly to carry out snow removal at airports. Furthermore, with the integration of IT in ground support operations, companies are increasingly developing innovative ground support software to address the specific needs of handlers.
However,high initial and replacement costs for such equipment are presumed to challenge market growth over the forecast period. Advanced and innovative ground support equipment that is sustainable is comparatively expensive and cuts into the profit share of major commercial airline companies.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/ground-handling-system-market

North America ground handling system market by service, 2012-2022, (USD Billion)

 

Further key findings from the report suggest:

·         Aircraft support equipment accounted for over40% of the overall market share in 2014 and is poised for significant growth over the next seven years. The growth in this segment can be attributed to increasing global airline fleets at the airport, and increased prominence of air travel.

·         Baggage and cargo handling service segment is anticipated to witness substantial growth over the forecast period, growing at a CAGR of over 10% from 2015 to 2022. The growth in baggage and cargo support service is dependent upon the increase in the number of commuters using air travel, and an increase in air cargo transport.

·         Projected to grow at an estimated CAGR of over 10%, from 2015 to 2022,ramp support service is expected to witness significant growth over the next seven years. The growth in ramp handling service segment can be attributed to increasing demand for passenger movement, aircraft towing, parking assistance, and aircraft marshaling.

·         The ground handling system market in Asia Pacific accounted for over 25% of the overall market share in 2014 and is presumed to witness significant levels of growth over the forecast period.India and China are expected to incorporate considerable opportunities for regional industry growth, due to increasing urbanization, large population, eventually leading to extensive domestic traveling.

·         The Middle East regional market is presumed to witness substantial growth over the forecast period, growing at a CAGR of close to 9% from 2015 to 2022. The region incorporates significant growth potential owing to asurge in aviation activities in the form of expansion,modernization, and domestic air travel.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the global ground handling system market on the basis of equipment, service, and region:
Ground Handling System Equipment Outlook (Revenue, USD Billion, 2012 – 2022)

·         Aircraft handling

·         Baggage & cargo handling

·         Passenger handling 

Ground Handling System Service Outlook (Revenue, USD Billion, 2012 – 2022)

·         Aircraft handling

·         Baggage & cargo handling

·         Passenger handling

·         Ramp handling

·         Others 

Ground Handling System Regional Outlook (Revenue, USD Billion, 2012 – 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

For press release of this report - http://www.grandviewresearch.com/press-release/global-ground-handling-system-market

Air Traffic Control Equipment Market To Gain From Rising Demand In Commercial Aircraft Till 2020: Grand View Research, Inc.

The Global Air Traffic Control (ATC) Equipment Market is expected to reach USD 4.23 billion by 2020, according to a new study by Grand View Research, Inc. Need for construction of new airports, and expansion & modernization of the existing ones to address increasing passenger & freight traffic is expected to increase air traffic control equipment demand. Advancements in microelectronics have provided ample growth opportunities for the air traffic control equipment market and further innovations in the domain are expected to buoy market growth over the forecast period.
Owing to continuous need for monitoring air traffic, interruption in the activity is not feasible which makes replacement of obsolete ATC equipment a cumbersome task. In order to maintain the flow of traffic monitoring, new equipment is operated in parallel with the existing one before the latter is phased out completely, which poses a challenge to air traffic control equipment market growth.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/air-traffic-control-equipment-market

Further key findings from the study suggest:

• The communications air traffic control equipment market accounted for a high revenue share in 2013 and the trend is expected to continue throughout the forecast period owing to increased need for replacement of obsolete equipment with new ones equipped with enhanced digital data communication.
• The military aircraft segment is expected to witness high demand throughout the forecast period owing to the mission-critical nature of the domain. In October 2014, Aquila, a joint venture between Thales and NATS was awarded a USD 2.36 billion contract by the UK Ministry of Defense (MOD) for transforming terminal air traffic management at military airfields.
• Europe and North America were the major air traffic control equipment regional markets in 2013, which can be attributed to increased government efforts pertaining to securing air traffic and aircraft. Asia Pacific is expected to witness high growth due to increased initiatives for efficient infrastructure.
• Leading players in the air traffic control equipment market have emphasized heavily on the enhancing equipment reliability to address minimum tolerance levels. Incorporation of effective collision avoidance system in ATC equipment is expected to be a key focus area for countering increased air traffic. Manufacturers and developers upgrade landing and navigation aids periodically to maintain safety and improve efficiency.

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For the purpose of this study, Grand View Research has segmented the global air traffic control equipment market on the basis of product, application and region:
Air Traffic Control Equipment Product Outlook (USD Million, 2012 – 2020)
    • Communications Equipment
    • Navigation Equipment
    • Surveillance Equipment
Air Traffic Control Equipment Application Outlook (USD Million, 2012 – 2020)
    • Commercial Aircraft
    • Private Aircraft
    • Military Aircraft
Air Traffic Control Equipment Regional Outlook (USD Million, 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

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BPM Market To Gain From Augmented Demand In Government And Defense Applications Till 2024: Grand View Research, Inc.

The global business process management (BPM) market is expected to reach USD 23.04 billion by 2024, according to a new study by Grand View Research, Inc. The growth is attributed to the increasing number of benefits offered by the BPM solution, including better productivity, ease of use, flexibility, and reduction in the time to wait for customers. The growing need for the integration of key functional areas in an organization is also expected to propel demand over the next eight years. The business process management software exhibits high avenues in various application areas, especially in the IT & telecom and healthcare sectors. This may be due to its capabilities of monitoring individual processes of the entire lifecycle.
Organizations restructuring their business processes are most likely to adopt the BPM software. Several regulations, including ObamaCare and (Single Euro Payments Area) SEPA, are analyzed to significantly catapult the demand over the forecast period. Obamacare focuses on providing affordable health insurance to the U.S. citizens with the introduction of new taxes and tax breaks. The European Union introduced SEPA to simplify the inter-country bank transfers. Security concerns related to the cloud-based BPM solutions are anticipated to hinder the market growth. Additionally, the lack of knowledge in order to successfully implement business process management solutions in an organization is a key challenge for this industry.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/business-process-management-bpm-market

Further key findings from the study suggest:

·         The process modeling and automation solution segment dominated the BPM market in terms of revenue in 2015. This is attributed to the growing need for process improvement in the manufacturing as well as service industry.

·         The uses of the BPM solutions in the hospital management system, including bed management and patient monitoring, are anticipated to be the key factor fostering growth in the healthcare sector.

·         The cloud-based BPM solutions are expected to observe a high adoption among SMEs due to their features such as scalability offered at a very low cost. Cloud-based BPaaS providers are expected to target the healthcare sector due to the growing IT spending by hospitals and pharmaceuticals.

·         Large enterprises dominated the industry accounting for more than 60% of total market revenue share in 2015. The large share is primarily driven by the focus of the enterprise to build central functionality in order to enhance the operational efficiency.

·         North America dominated the industry with more than 30% share in 2015. This is attributed to its early adoption, primarily in the government and BFSI sectors. Asia Pacific is anticipated to witness a considerable growth owing to the large scale industrialization and emergence of several startups in India, China, and the ASEAN region.

·         The prominent industry participants include IBM Corp., Microsoft Corp., Oracle Corp., SAP SE, Appian Corp., and PegaSystems Inc. A strong focus on the research & development initiatives is helping solution providers to create its presence in the competitive environment. Merger & acquisition is also anticipated to be a key strategy used to diversify the developer’s competency to provide different solutions under a single roof.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

Grand View Research has segmented the global Business Process Management (BPM) market on the basis of solution, application, deployment, end-user, and region:
BPM Solution Outlook (USD Million; 2014 - 2024)

·         Automation

·         Process Modeling

·         Content & Document Management

·         Monitoring & Optimization

·         Integration

·         Others

BPM Application Outlook (USD Million; 2014 - 2024)

·         BFSI

·         IT & Telecom

·         Retail

·         Manufacturing

·         Healthcare

·         Government & Defense

·         Others

BPM Deployment Outlook (USD Million; 2014 - 2024)

·         Cloud-based

·         On-Premise

BPM End-user Outlook (USD Million; 2014 - 2024)

·         SMEs

·         Large Enterprise

BPM Regional Outlook (USD Million; 2014 - 2024)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    Japan

o    India

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

For press release of this report - http://www.grandviewresearch.com/press-release/global-business-process-management-bpm-market

Car Rental Market To Gain From Enhanced Demand In Travel And Tourism Industry Till 2024: Grand View Research, Inc.

The global car rental market is expected to witness a substantial growth over the forecast period, reaching USD 119.56 billion by 2024, according to a new report by Grand View Research, Inc. The industry is primarily driven by the growth as well as expansion of the global travel and tourism industry. There has been a significant increase in the number of business and leisure trips worldwide over the past few years.
The advent of online rental portals has helped shape the dynamics of the car rental industry. Growing usage of smartphones and tablets has helped customers to book and reserve cars from anywhere at any point of time. Major players, such as Enterprise Rent-A-Car and Avis Budget Group, are now focusing on developing smartphone applications and optimizing their customer-friendly websites to facilitate quick and convenient bookings.
However, compliance with stringent vehicle emission regulations is expected to challenge the demand for these services across the world. In addition to this, the instability in crudeoil prices and growing demand for publictransportation are presumed to challenge the growth to some degree over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/car-rental-market-analysis-market

Further key findings from the report suggest:

·         An emerging trend in the travel and tourism industry which is gaining immense popularity is the evolution of “Bleisure”, which refers to a combination of leisure travel with business trips. The growth in this trend is presumed to propel the demand for car rentals among businesses as well as leisure travelers.

·         Executive cars are expected to witness a considerable growth with an estimated CAGR of close to 7% from 2016 to 2024. Swift globalization culminating into increased business trips across the globe is the primary factor propelling the growth of these cars in the near future.

·         In terms of application, airport transport dominated the overall industry share in 2015 and is presumed to retain its dominance over the next eight years. Rapid globalization has resulted in a significant increase in the number of air travelers across the globe, which, in turn, has bolstered the growth prospects of the industry.

·         The Asia Pacific market was valued at over USD 12 billion in 2015 and is presumed to witness a substantial growth over the forecast period. The significant regional growth prospects can be attributed to the rising economic development, enhanced road and infrastructure facilities, and growth in tourism over the forecast period.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the car rental market on the basis of vehicle type, application, and region.
Car Rental Vehicle Type Outlook (USD Billion) 2013 - 2024

·         Luxury Cars

·         Executive Cars

·         Economy Cars

·         SUVs

·         MUVs

Car Rental Application Outlook (USD Billion) 2013 - 2024

·         Local Usage

·         Airport Transport

·         Outstation

·         Others

Car Rental Regional Outlook (USD Billion) 2013 - 2024

·         North America

o    U.S.

·         Europe

o    France

o    Germany

o    UK

·         Asia Pacific

o    Japan

o    Korea

o    China

o    India

·         South America

·         MEA

For press release of this report - http://www.grandviewresearch.com/press-release/global-car-rental-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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