Defense Ground Support Equipment Market Size worth $600mn by 2026

Defense Ground Support Equipment Market size is set to surpass USD 600 million by 2026; according to a new research report by Global Market Insights, Inc.
 

The growth of the market can be attributed to the rising investment in the defense industry and increasing demand for more advanced ground support equipment. The demand for more advanced fighter jet and special mission aircraft in Asia Pacific is supporting the market. Fighter jet and transport aircraft cover the major part of the air defense sector and the rising demand for more reliable & mission ready aircraft is supporting the industry.

 

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For instance, in 2018, FCX Systems received a contract from the Royal Australian Air Force (RAAF) to manufacture and supply 54 ground power units. These units are expected to support the New Air Combat Capability project.
 

Rising demand for hybrid power type will remain a key growth driver for the defense ground support equipment market

Hybrid ground support equipment held the highest growth rate of over 3% due to rising fuel prices and government initiative to reduce carbon footprint. The hybrid ground support equipment is more flexible and easier to operate than conventional equipment as it reduces the operational cost and supports frequent start/stop & quick turnaround ground handling operations.
 

For instance, in April 2018, Aerospace Ground Support Equipment Working Group of the U.S., AFMC Support Equipment Program Office and Research Lab, and Air Force Materiel Command tested a new hybrid flightline generator. The generator uses diesel fuel on a smaller engine and a group of batteries for providing power to legacy aircraft and next-generation fighter jets.
 

Browse key industry insights spread across 215 pages with 290 market data tables & 27 figures & charts from the report, “Defense Ground Support Equipment Market Size By Equipment (Ground Power Unit (GPU), Air Start Unit (ASU), Air Conditioning Unit (ACU), Tow Tractors, Deicers), By Type (Fixed, Mobile), By Power Type (Diesel, Electric, Hybrid), By Aircraft (Fighter Jet, Transport Aircraft, Special Mission Aircraft), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/defense-ground-support-equipment-market
 

Long-term contracts between government agencies and ground support equipment manufacturers for fighter jet

The fighter jet segment of the defense ground support equipment market is expected to grow at rate of over 2% during the forecast time frame. The growth can be attributed to the rising investment and collaboration between defense agencies and ground support equipment manufacturers for component maintenance, technical support, and ground support operation of fighter jet.
 

For instance, in December 2019, Saab received a contract from Swedish Defense Materiel Administration (FMV) of USD 48 million for support and maintenance of Gripen. Under this contract, Saab will provide component support, technical system support, repairs & spare parts, pilot equipment, and ground support equipment.
 

Rising demand for multiple output ground power unit in the U.S.

The U.S. is one of the fast-growing markets for ground power unit, growing at a CAGR of over 1.5% during the forecast period. Rising government investments in military aircraft, technological advancement, and long-term contracts with ground support equipment manufacturers are some of the major drivers supporting market growth. The demand for technologically advanced multiple output ground power units is driving the market of ground power unit.
 

For instance, April 2018, Aviation Ground Equipment Corp. received a contract from the U.S. Air Force for manufacturing of diesel ground power unit with multi-output capabilities. The new ground power unit can provide different types of voltages to support all types of Air Force fleet. 
 

Rising demand for special mission and transport aircraft in China

China defense ground support equipment market is expected to grow at a CAGR of over 3% during the forecast period due to the increasing demand for special mission and transport aircraft. With the steady increase in fleet size of special mission aircraft by more than 16% in 2018 compared to 2017 and transport aircraft by 4%, China has become one of the major markets for the military ground support equipment market. Increasing demand for unmanned aircraft in defense application is supporting the growth of ground support equipment in China.
 

For instance, in June 2019, Chinese military tested heavy delivery unmanned transport aircraft, which will support Chinese troops during combat by providing quick supplies. The aircraft will be able to deliver a payload weighing more than 500 kg across a distance of more than 500 km at the desired location.  
 

Major companies operating in the market are focusing on merger & acquisition and development of more advanced ground support equipment. For instance, in November 2018, JBT Corporation signed a strategic agreement for the acquisition of Aircraft Maintenance Support Services (AMSS). AMSS is a one of the key players in providing equipment for commercial and military ground support systems. This acquisition will introduce new solutions that will provide growth to military customers across the globe.
 

The major players operating in the defense ground support equipment market include Cavotec SA, Enersys, RASAKTI, Guinault, ATEC Ink, MAK Controls & Systems Pvt Ltd, Unitron, Lp, JBT Corporation, TLD (Alvest Group), Tronair, Mulag Fahrzeugwerk, Rheinmetall AG, ITW GSE, Gate GSE, Mototok, Merlinhawk Aerospace, and Kit Aero.
 

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