Autonomous GSE Market

The Autonomous GSE market has been estimated to be worth USD 0.2 billion in 2019, and is projected to reach USD 1.5 billion by 2025, at a CAGR of 22%. This report covers the forecast of the autonomous GSE market and its dynamics over the next five years, while also recognizing market application gaps, evolving technologies, recent developments in the market, and high potential geographic regions and countries. The base year for this report has been considered to be 2017, and the forecast period is between 2020 and 2030. Some of the drivers for the autonomous market include rise in airport congestion, high labour price, air cargo traffic and increasing focus towards enhancing operational efficiency by airports worldwide.

The report includes market dynamics, such as drivers, restraints, challenges, and opportunities, along autonomous GSE with Porter’s Five Forces analysis and a life cycle analysis of this market.  Now a days, airport operators are moving towards adoption of autonomous baggage tractor, Taxibot, baggage handling systems , pushback tractors to increase the airport efficiency. Additionally, these equipment’s are only estimated to be an important advancement in terms of operational efficiency . However, the way this innovation is catching up the imagination of current users, the global conglomerates and businesses see this as a major opportunity to expand and increase their market.

The market size estimations for various segments and sub segments of this market were arrived at through extensive secondary research, corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools.

The ecosystem of the autonomous GSE market comprises airlines, airport, technology provider, third party handlers, equipment suppliers, and regulatory authorities, among others.

Major players in the market JBT Corporation (US), Toyota Industries (Japan), TLD (France), Textron GSE(US), Konecranes(Finland), ITW GSE(Denmark), Cavotec Sa(Switzerland), NAVYA (US), ShinMaywa  Industries (Japan)among others, and contracts and new product launches comprise the major strategy adopted by the players in the autonomous GSE market. This report would help the autonomous GSE manufacturers, suppliers, distributers, and sub-component manufacturers to identify hot revenue pockets in this market.