DUBLIN, Nov. 5, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/62js5j/airport_stands) has announced the addition of the "Airport Stands Equipment Market by Equipment Type, Air Bridges (Steel Walled, Glass Walled), Preconditioned Air Unit (Fixed, Movable), Electrical Ground Power Unit (Fixed, Movable), Stand Entry Guidance System, Geography - Global Forecasts to 2020" report to their offering.
The global airport stands equipment market size is expected to reach USD 1196.93 Million by 2020 from USD 851.71 Million in 2015, at a CAGR of 7.0% between 2015 and 2020
Major drivers for airport stands equipment market include the expansion and modernization of airports globally, along with the increasing number of upcoming airports in the developing regions.
The report provides comprehensive insights into various aspects of the market. The airport stands equipment market report is segmented the market on the basis of equipment, sub types of equipment, technology, and regions. The equipment segments included in this report are air bridges, preconditioned air unit, electrical ground power unit, and stand entry guidance systems. The technology types differ according to the equipment type.
The number of passengers traveling by air is increasing annually. The increase can be attributed to the increase in passengers traveling from the developing regions. The increase in demand for aviation services can be mainly contributed to the growth of aviation services in the developing regions such as Southeast Asia and Middle Eastern countries. These regions are improving on their economic prosperity; this is likely to enhance the demand for high value aviation services in these regions.
The air bridge segment of the airport stands equipment market is further categorized according to the structure of wall and the number of tunnels. The stand entry guidance system segment is categorized according to the system used, that is, visual docking guidance system and advanced visual docking guidance system.
The diesel-powered preconditioned air unit is the most dominant segment since diesel is one of the most widely available fuel sources. The gas-powered preconditioned air unit is a modified version of the diesel-powered preconditioned air unit with the ability to burn gaseous fuel. Electric-powered preconditioned air unit also includes the battery operated units. Both the gas-powered and electric-powered preconditioned air units have limited application because of operational difficulty of the fuel types.
The regional segments included in the airport stands equipment market report are North America, Europe, Asia-Pacific, Middle East, and Rest of the World. The airport stands equipment market report maps each equipment type in four regional segments and 15 country-wise segments.
Major players in market include JBT Aerotech (U.S.), ThyssenKrupp Airport Systems, Inc. (U.S.), TUG Technologies Corporation (U.S.), Cavotec SA (Switzerland), ShinMaywa Industries Ltd. (Japan), Safegate Group (Sweden), FMT Airport Systems (Sweden), Adelte Group (Spain), Aerospace Specialties, Inc. (U.S.), and Omega Aviation Inc. (U.S.).
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SOURCE Research and Markets