Aircraft Cargo Systems Market
Aircraft Cargo Systems Market Forecasts to 2030 - Global Analysis By Aircraft Type (Passenger Aircraft, Freighters, Military Aircraft, Cargo Drones and Other Aircraft Types) Component, Cargo Type, Weight Capacity, Technology, Application and By Geography
According to Stratistics MRC, the Global Aircraft Cargo Systems Market is accounted for $9.18 billion in 2024 and is expected to reach $22.79 billion by 2030 growing at a CAGR of 16.37% during the forecast period. Aircraft Cargo Systems refer to the specialized equipment and technologies used for the efficient handling, loading, and transport of cargo in aircraft. These systems include cargo handling equipment, restraint mechanisms, and tracking solutions designed to ensure the safe and secure transportation of goods. They are essential for optimizing space, enhancing operational efficiency, and complying with safety regulations. Aircraft Cargo Systems are utilized across various aircraft types, including passenger planes, freighters, and military aircraft, to facilitate both domestic and international cargo operations.
According to International Air Transport Association (IATA), in December 2023, global air cargo traffic grew by 10.3% year-on-year. This highlights the trajectory of market growth rate.
Market Dynamics:
Driver:
Global Trade Expansion
Global trade expansion has an impact on the aircraft freight systems by increasing demand for efficient and dependable air freight systems. Airlines and logistics companies invest in cutting-edge cargo systems to improve capacity and streamline operations as quantities of international trade rise. This expansion encourages technical advancements that enhance tracking and cargo handling capacities. It also improves supply chains, fosters international cooperation, and generates employment opportunities in manufacturing and logistics, all of which eventually boost economic growth and competitiveness in the global marketplace.
Restraint:
High Initial Costs
High initial expenditures associated with modern Aircraft Cargo Systems can stymie market expansion, especially for smaller operators. These costs could deter investments in cutting-edge technologies, reducing competitiveness and operating efficiency. As a result, some businesses might still use antiquated technology, which could compromise the security and quality of their services. All things considered, the cost barrier may impede the uptake of innovations that are necessary to satisfy changing industry demands.
Opportunity:
Technological Advancements
Technological improvements greatly benefit the market by increasing cargo efficiency, safety, and reliability. Logistics procedures are streamlined and turnaround times are decreased by innovations including data analytics, real-time tracking, and automated handling systems. By reducing human mistake, these technologies allow for improved freight management and space use. Furthermore, developments in sustainability encourage environmentally beneficial business practices. By using these innovative solutions, airlines improve customer service and competitiveness, which eventually propels the air cargo industry's expansion.
Threat:
Maintenance Challenges
Maintenance issues in the aircraft cargo systems can lead to higher operational expenses and downtime. Budgets might be strained by the need for trained staff and financial resources for routine maintenance of sophisticated systems, particularly for smaller operations. Neglecting maintenance can have a negative influence on service quality and revenue by increasing safety hazards, decreasing efficiency, and sometimes disrupting freight operations.
Covid-19 Impact:
COVID-19 significantly impacted the Aircraft Cargo Systems Market by disrupting global supply chains and increasing demand for air freight. With passenger flights reduced, cargo operations shifted to dedicated freighters, leading to innovations in cargo handling systems. The pandemic accelerated e-commerce growth highlighted the importance of efficient cargo transport, while prompting investments in safety and technology to adapt to new operational challenges.
The manual systems segment is expected to be the largest during the forecast period
The manual systems segment is expected to be the largest during the forecast period as they provide hands-on control during loading and unloading, which is useful in a variety of operational scenarios. Smaller businesses can now enter the market thanks to these systems without having to make significant automation investments. Furthermore, manual procedures can speed up adjustments to specific cargo requirements and different aircraft configurations, encouraging a customized approach to cargo handling that improves operational responsiveness and customer service.
The freighters segment is expected to have the highest CAGR during the forecast period
The freighters segment is expected to have the highest CAGR during the forecast period because their design specifically for cargo transport increases operational efficiency and reduces costs compared to passenger aircraft. The growth of e-commerce and global trade drives demand for dedicated freighter services, leading to advancements in cargo handling systems and technologies. This shift not only improves logistics and supply chain management but also stimulates economic growth by facilitating faster and more reliable cargo deliveries worldwide.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to Investments in cargo handling technology are fueled by the growing demand for air freight, which is fueled by e-commerce and international trade. Delivery times are shortened, inventory control is improved, and operational efficiency is increased in this market. It also encourages the growth of jobs in logistics and manufacturing. North America's position as a major participant in global supply chains is eventually strengthened by the adoption of innovative cargo systems.
Region with highest CAGR:
Asia Pacific is projected to witness the highest CAGR over the forecast period because improved cargo systems serve the rapidly expanding e-commerce industry by streamlining operations, cutting down on transit times, and improving supply chain management. Jobs in manufacturing, handling, and logistical services are generated by the market. It also encourages technology innovation, which propels improvements in tracking and automation systems.
Key players in the market
Some of the key players in Aircraft Cargo Systems Market include Honeywell International Inc., Thales Group, Safran S.A., Meggitt PLC, Moog Inc., Cavotec SA, Liebherr Aerospace, Parker Hannifin Corporation, Aviage Systems, Boeing Company, Airbus S.A.S., Raytheon Technologies, United Technologies Corporation, Fujitsu Limited, GKN Aerospace and Embraer S.A.
Key Developments:
In July 2024, Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction.
In June 2024, Honeywell announced that it has agreed to acquire CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately $1.9 billion.
In June 2024, Honeywell announced the completion of its acquisition of Carrier Global Corporation's Global Access Solutions business for $4.95 billion. The deal positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space.
Aircraft Types Covered:
• Passenger Aircraft
• Freighters
• Military Aircraft
• Cargo Drones
• Other Aircraft Types
Components Covered:
• Cargo Handling Systems
• Cargo Loading Systems
• Cargo Restraint Systems
• Cargo Tracking Systems
• Container and Pallet Systems
• Other Components
Cargo Types Covered:
• General Cargo
• Perishable Goods
• Dangerous Goods
• Oversized Cargo
• Other Cargo Types
Weight Capacities Covered:
• Light Cargo Systems
• Medium Cargo Systems
• Heavy Cargo Systems
Technologies Covered:
• Manual Systems
• Automated Systems
• Semi-Automated Systems
Applications Covered:
• Domestic Cargo
• International Cargo
• Express Cargo
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aircraft Cargo Systems Market, By Aircraft Type
5.1 Introduction
5.2 Passenger Aircraft
5.3 Freighters
5.4 Military Aircraft
5.5 Cargo Drones
5.6 Other Aircraft Types
6 Global Aircraft Cargo Systems Market, By Component
6.1 Introduction
6.2 Cargo Handling Systems
6.3 Cargo Loading Systems
6.4 Cargo Restraint Systems
6.5 Cargo Tracking Systems
6.6 Container and Pallet Systems
6.7 Other Components
7 Global Aircraft Cargo Systems Market, By Cargo Type
7.1 Introduction
7.2 General Cargo
7.3 Perishable Goods
7.4 Dangerous Goods
7.5 Oversized Cargo
7.6 Other Cargo Types
8 Global Aircraft Cargo Systems Market, By Weight Capacity
8.1 Introduction
8.2 Light Cargo Systems
8.3 Medium Cargo Systems
8.4 Heavy Cargo Systems
9 Global Aircraft Cargo Systems Market, By Technology
9.1 Introduction
9.2 Manual Systems
9.3 Automated Systems
9.4 Semi-Automated Systems
10 Global Aircraft Cargo Systems Market, By Application
10.1 Introduction
10.2 Domestic Cargo
10.3 International Cargo
10.4 Express Cargo
10.5 Other Applications
11 Global Aircraft Cargo Systems Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Honeywell International Inc.
13.2 Thales Group
13.3 Safran S.A.
13.4 Meggitt PLC
13.5 Moog Inc.
13.6 Cavotec SA
13.7 Liebherr Aerospace
13.8 Parker Hannifin Corporation
13.9 Aviage Systems
13.10 Boeing Company
13.11 Airbus S.A.S.
13.12 Raytheon Technologies
13.13 United Technologies Corporation
13.14 Fujitsu Limited
13.15 GKN Aerospace
13.16 Embraer S.A.
List of Tables
1 Global Aircraft Cargo Systems Market Outlook, By Region (2022-2030) ($MN)
2 Global Aircraft Cargo Systems Market Outlook, By Aircraft Type (2022-2030) ($MN)
3 Global Aircraft Cargo Systems Market Outlook, By Passenger Aircraft (2022-2030) ($MN)
4 Global Aircraft Cargo Systems Market Outlook, By Freighters (2022-2030) ($MN)
5 Global Aircraft Cargo Systems Market Outlook, By Military Aircraft (2022-2030) ($MN)
6 Global Aircraft Cargo Systems Market Outlook, By Cargo Drones (2022-2030) ($MN)
7 Global Aircraft Cargo Systems Market Outlook, By Other Aircraft Types (2022-2030) ($MN)
8 Global Aircraft Cargo Systems Market Outlook, By Component (2022-2030) ($MN)
9 Global Aircraft Cargo Systems Market Outlook, By Cargo Handling Systems (2022-2030) ($MN)
10 Global Aircraft Cargo Systems Market Outlook, By Cargo Loading Systems (2022-2030) ($MN)
11 Global Aircraft Cargo Systems Market Outlook, By Cargo Restraint Systems (2022-2030) ($MN)
12 Global Aircraft Cargo Systems Market Outlook, By Cargo Tracking Systems (2022-2030) ($MN)
13 Global Aircraft Cargo Systems Market Outlook, By Container and Pallet Systems (2022-2030) ($MN)
14 Global Aircraft Cargo Systems Market Outlook, By Other Components (2022-2030) ($MN)
15 Global Aircraft Cargo Systems Market Outlook, By Cargo Type (2022-2030) ($MN)
16 Global Aircraft Cargo Systems Market Outlook, By General Cargo (2022-2030) ($MN)
17 Global Aircraft Cargo Systems Market Outlook, By Perishable Goods (2022-2030) ($MN)
18 Global Aircraft Cargo Systems Market Outlook, By Dangerous Goods (2022-2030) ($MN)
19 Global Aircraft Cargo Systems Market Outlook, By Oversized Cargo (2022-2030) ($MN)
20 Global Aircraft Cargo Systems Market Outlook, By Other Cargo Types (2022-2030) ($MN)
21 Global Aircraft Cargo Systems Market Outlook, By Weight Capacity (2022-2030) ($MN)
22 Global Aircraft Cargo Systems Market Outlook, By Light Cargo Systems (2022-2030) ($MN)
23 Global Aircraft Cargo Systems Market Outlook, By Medium Cargo Systems (2022-2030) ($MN)
24 Global Aircraft Cargo Systems Market Outlook, By Heavy Cargo Systems (2022-2030) ($MN)
25 Global Aircraft Cargo Systems Market Outlook, By Technology (2022-2030) ($MN)
26 Global Aircraft Cargo Systems Market Outlook, By Manual Systems (2022-2030) ($MN)
27 Global Aircraft Cargo Systems Market Outlook, By Automated Systems (2022-2030) ($MN)
28 Global Aircraft Cargo Systems Market Outlook, By Semi-Automated Systems (2022-2030) ($MN)
29 Global Aircraft Cargo Systems Market Outlook, By Application (2022-2030) ($MN)
30 Global Aircraft Cargo Systems Market Outlook, By Domestic Cargo (2022-2030) ($MN)
31 Global Aircraft Cargo Systems Market Outlook, By International Cargo (2022-2030) ($MN)
32 Global Aircraft Cargo Systems Market Outlook, By Express Cargo (2022-2030) ($MN)
33 Global Aircraft Cargo Systems Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
