Artificial Intelligence
Ground Support Equipment Market by Type, Power Source, Platform, Point of Sale, Mode of Operation & Region – Global Forecast to 2025
Dublin, Dec. 14, 2020 (GLOBE NEWSWIRE) — The “Ground Support Equipment Market by Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Point of Sale (Equipment, Maintenance Services), Mode of Operation, Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The ground support equipment market is projected to grow from USD 4.0 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 20.7% from 2020 to 2025.
The COVID-19 has taken a colossal toll on the world’s economic activity with individuals, organizations, governments, and businesses having to adapt to the challenges of the crisis. Air travel restrictions across various regions for both domestic and international flights have led to inactive fleets across the globe. Like many other sectors, the ground support equipment market is also heavily impacted by the COVID-19 pandemic.
According to the Airport International Council (ACI) analysis, the impact of COVID-19 on the airport business will result in a 58.4% reduction in passenger volumes in 2020 compared to 2019. The airport industry is anticipating a 60% reduction in revenue as compared to the pre-COVID-19 projected baseline. The substantial decline in passenger and air traffic is expected to impact the demand for legacy equipment in the short term.
The mobile GSE segment is estimated to account for a larger share of the ground support equipment market in 2020 as compared to the fixed GSE segment.
Based on type, the mobile GSE segment is estimated to account for the largest share of the ground support equipment market in 2020. The growth of this segment can be attributed to the increased adoption of electric ground support equipment such as cargo/container loaders, pushback tractors, forklifts, container pallet transporters, baggage tractors, bulk loaders/conveyors, cabin service vehicles, boarding stairs, lavatory vehicles, passenger buses, deicers, aircraft fueling trucks, mobile ground power units, and mobile pre-conditioned air units at airports.
The non-electric segment is expected to lead the ground support equipment market in 2020.
Based on power source, the non-electric segment is estimated to account for the largest share of the ground support equipment market in 2020. Non-electric ground support equipment are the most widely used equipment at airports of developed economies such as the US, Canada, Germany, the UK, and the Netherlands. These equipment use conventional energy sources such as diesel, Compressed Natural Gas (CNG), and gasoline for their operations.
The commercial segment is expected to lead the ground support equipment market in 2020.
Based on platform, the commercial segment is estimated to account for a larger share of the ground support equipment market as compared to the military segment in 2020. Increase in the number of air passengers, aircraft, and freight movements is expected to propel the growth of the commercial segment of the ground support equipment market. Moreover, the rising adoption of the green airport concept in commercial airports is fueling the demand for electric and hybrid ground support equipment across the globe.
The conventional/manned GSE segment is expected to lead the ground support equipment market in 2020.
Based on mode of operation, the conventional/manned GSE segment is estimated to lead the ground support equipment market in 2020. The rise in air traffic, freight transportation, and passenger movement will drive the demand for conventional/manned GSE.
The equipment segment is estimated to account for a larger share of the ground support equipment market as compared to the maintenance services segment in 2020.
Based on point of sale, the equipment segment is estimated to lead the ground support equipment market in 2020. Increased demand for new ground support equipment at brownfield airports such as the Tacoma Airport, the Helsinki Airport, and the Aberdeen International Airport among others is expected to fuel the growth of this segment of the market across the globe.
The North American region is estimated to account for the largest share of the ground support equipment market in 2020.
The North American region is expected to lead the ground support equipment market in 2019. The market in the region is highly competitive, owing to the presence of a large number of Original Component Manufacturers (OCMs) and Original Equipment Manufacturers (OEMs) such as TUG Technologies and Gate GSE. Ongoing modernization programs of existing airports in the US are also expected to drive the growth of the North America ground support equipment market during the forecast period.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Ground Support Equipment Market
4.2 Ground Support Equipment Market, by Power Source
4.3 Ground Support Equipment Market, by Type
4.4 Commercial Ground Support Equipment Market, by Application
4.5 Ground Support Equipment Market, by Point of Sale
4.6 Ground Support Equipment Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Expansion and Development of Airport Infrastructure
5.2.1.2 Increase in Warehouse Operations at Airports
5.2.2 Restraints
5.2.2.1 High Acquisition Costs of Electric Ground Support Equipment
5.2.2.2 High Handling Costs of Ground Support Equipment
5.2.3 Opportunities
5.2.3.1 Innovations in Technologies Used in Ground Support Equipment
5.2.3.2 Automation of Services and Modernization of Gse
5.2.3.3 Investments in Airport Infrastructure to Enhance Operating Efficiency
5.2.3.4 Increasing Adoption of Greener Variants of Gse
5.2.3.5 Development of Quick Charge and Durable Lithium-Ion Batteries for Use in Electric Gse
5.2.4 Challenges
5.2.4.1 Overloading of Electric Grids
5.2.4.2 Battery Charging Issues in Cold Weather
5.2.4.3 High Cost of Training and Lack of Skilled Personnel
5.2.4.4 Inadequate Charging Infrastructure for Electric Ground Support Equipment
5.2.4.5 COVID-19 Impact: Decline in Air Passenger Traffic
5.3 Operational Data
5.4 Impact of COVID-19
5.5 COVID-19 Impact Scenarios
5.6 Disruption Impacting Customer’s Business
5.6.1 Revenue Shift and & New Revenue Pockets for Aviation Ground Support Equipment Manufacturers
5.7 Supply Chain Analysis
5.8 Technological Analysis
5.9 Use Cases
5.10 Market Ecosystem Map
5.11 Tariff and Regulatory Landscape
6 Industry Trends
6.1 Introduction
6.2 Emerging Trends
6.2.1 Electrification in Passenger Buses
6.2.2 Artificial Intelligence and Deep Learning to Fit Automated Passenger Boarding Bridges
6.2.3 Dynamic Wireless Inductive Charging of Electric Vehicles
6.2.4 Modular Pre-Conditioned Air Units
6.2.5 Hybrid Deicing Vehicles
6.2.6 Fully Electric Ground Power Units
6.2.7 Autonomous Gse Vehicles
6.2.8 Technology Trends in Passenger Boarding Bridges
6.3 Pricing Analysis
6.4 Impact of Megatrends
6.5 Innovations & Patent Registrations
7 Impact of COVID-19 on Ground Support Equipment Market
7.1 Introduction
7.2 Impact of COVID-19 on Ground Support Equipment Ecosystem
7.2.1 Impact on Gse Manufacturers
7.2.2 Impact on Gse Service Providers
7.2.3 Impact on Oems: Aircraft and Engine Manufacturers
7.2.4 Impact on Airlines and Airports
7.3 Role of Governments in Recovering from COVID-19 Impact
8 Ground Support Equipment Market, by Point of Sale
8.1 Introduction
8.2 Equipment
8.2.1 New Demand
8.2.1.1 Greenfield Airports to Drive Demand for New Gse
8.2.2 Replacement
8.2.2.1 Conversion of Conventional Gse to Hybrid and Electric Gse Will Fuel Segment Growth
8.3 Maintenance Services
9 Ground Support Equipment Market, by Platform
9.1 Introduction
9.2 Commercial
9.2.1 Passenger Services
9.2.1.1 Cabin Service Vehicles
9.2.1.2 Passenger Stairs
9.2.1.3 Lavatory Vehicles
9.2.1.4 Passenger Boarding Bridges
9.2.1.5 Passenger Buses/Shuttles
9.2.1.6 Others
9.2.2 Cargo Services
9.2.2.1 Cargo/Container Loaders
9.2.2.2 Forklifts
9.2.2.3 Container Pallet Transporters
9.2.2.4 Baggage Tractors
9.2.2.5 Belt Loaders/Conveyors
9.2.3 Aircraft Services
9.2.3.1 Deicers
9.2.3.2 Ground Power Units
9.2.3.3 Pre-Conditioned Air Units
9.2.3.4 Chargers
9.2.3.5 Single Port Chargers
9.2.3.6 Double Port Chargers
9.2.3.7 Multiple Port Chargers
9.2.3.8 Hydrant Fuel Systems
9.2.3.9 Pushback Tractors
9.2.3.10 Others
9.3 Military
10 Ground Support Equipment Market, by Type
10.1 Introduction
10.2 Mobile Ground Support Equipment
10.2.1 Increasing Demand for Quick Turnaround Time Drives Mobile Gse Market
10.3 Fixed Ground Support Equipment
10.3.1 Airport Development & Expansions Will Propel Demand for Fixed Gse
11 Ground Support Equipment Market, by Power Source
11.1 Introduction
11.2 Non-Electric Ground Support Equipment
11.2.1 Airport Development and Expansions in Emerging Economies Propel Demand for Non-Electric Gse
11.3 Electric Ground Support Equipment
11.3.1 International Pressure for Carbon-Free Equipment Drives E-Gse Segment
11.4 Hybrid Ground Support Equipment
11.4.1 Adoption of Hybrid Gse High in Developed Economies
12 Ground Support Equipment Market, by Mode of Operation
12.1 Introduction
12.2 Conventional/Manned Ground Support Equipment
12.2.1 Growth in Aviation Sector Will Drive Conventional Gse
12.3 Remotely Operated Ground Support Equipment
12.3.1 Increase in Military Operations Will Fuel Demand for Remote Gse
12.4 Autonomous Ground Support Equipment
12.4.1 Developed Economies Focusing on Adoption of Autonomous Gse
13 MRO/Hangar Equipment Ground Support Equipment Market
13.1 Introduction
13.2 Access Stands
13.3 Engine Stands
13.4 Landing Gear Fixtures
13.5 Tow Bars
13.6 Mro/Hangar Ground Support Equipment Market: Regional Analysis
14 Regional Analysis
14.1 Introduction
14.2 Impact of COVID-19 on Ground Support Equipment
14.3 North America
14.4 Europe
14.5 Asia-Pacific
14.6 Middle East
14.7 Latin America
14.8 Africa
15 Competitive Landscape
15.1 Introduction
15.2 Market Share Analysis, 2019
15.3 Competitive Scenario
15.4 Who to Whom Analysis
15.5 Competitive Leadership Mapping
15.5.1 Star
15.5.2 Emerging Leaders
15.5.3 Pervasive
15.5.4 Participant
15.6 Startups Competitive Leadership Mapping
15.6.1 Progressive Companies
15.6.2 Responsive Companies
15.6.3 Dynamic Companies
15.6.4 Starting Blocks
15.7 Competitive Scenario
15.7.1 New Product Launches
15.7.2 Acquisitions
15.7.3 Contracts
15.7.4 Joint Ventures, Partnerships, and Agreements
16 Company Profiles
16.1 Mobile Ground Support Equipment Suppliers
16.1.1 John Bean Technologies Corporation
16.1.2 Tld
16.1.3 Mallaghan
16.1.4 Textron Ground Support Equipment Inc.
16.1.5 Tronair Inc.
16.1.6 Mulag Fahrzeugwerk
16.1.7 Weihai Guangtai Airport Equipment Co., Ltd.
16.1.8 Rheinmetall Ag
16.1.9 Itw Gse Aps
16.1.10 Cobus Industries GmbH
16.1.11 Telemeter Electronic GmbH
16.1.12 Kalmar Motor Ab
16.1.13 Gate Gse
16.1.14 Mototok International GmbH
16.1.15 Charlatte America
16.1.16 Aviramp Ltd.
16.1.17 Merlinhawk Aerospace
16.1.18 247Gt Ltd.
16.1.19 Kit Aero
16.1.20 Multi-Mover
16.2 Fixed Ground Support Equipment Suppliers
16.2.1 Cavotec Sa
16.2.2 Advanced Charging Technologies
16.2.3 Minit Charger
16.2.4 Exide Technologies
16.2.5 China International Marine Containers (Group) Ltd.
16.2.6 Thyssenkrupp Ag
16.2.7 Adelte Group
16.2.8 Enersys
16.3 Mro Ground Support Equipment Suppliers
16.3.1 Aerospace Gse
16.3.2 Agse LLC
16.3.3 Champion Gse
16.3.4 Malabar International
16.3.5 Dedienne Aerospace
16.3.6 Hydro Systems Kg
16.3.7 Instant Upright Ltd.
16.3.8 Semmco Ltd.
17 Ground Support Equipment Adjacent Market
18 Appendix
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Artificial Intelligence
Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product
TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families.
Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks. Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.Password Manager: Creates and manages strong passwords and assists with their use.Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems. The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected]
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Artificial Intelligence
Amp Finalises Commercial Agreements for Cape Hardy Advanced Fuels Precinct
ADELAIDE, Australia, May 21, 2024 /PRNewswire/ — Amp Energy (“Amp” or the “Company”) announced today it has finalised all required commercial agreements for the development of the Cape Hardy Advanced Fuels Precinct – one of the leading green hydrogen, green ammonia and advanced fuel projects in Australia. The agreements, which were executed with Iron Road Ltd, include the purchase of a 630-hectare parcel of land at Cape Hardy as well as finalised royalty structure and common user infrastructure agreement. Amp will continue to build upon development progress made since announcing the Strategic Framework Agreement with Iron Road Ltd in April 2023 to bring advanced fuel production capacity to Cape Hardy.
The Cape Hardy Advanced Fuels Precinct will provide production at scale with up to 10 GW of planned electrolyser capacity. Development will be structured to initially bring 1 GW online with incremental stages to reach 10 GW of total capacity. The project will both cater to the domestic Australian market, supporting the Australian Government’s net zero goals, while also featuring global export capabilities. To facilitate distribution, Cape Hardy will be equipped with Australia’s first purpose-built advanced fuels export terminal.
Amp has been in discussions to develop the Cape Hardy Advanced Fuels precinct, in collaboration with Iron Road Ltd and The Government of South Australia, for the past two years. During that time, Amp has made significant development progress. The project’s concept, design, and pre-Front End Engineering Design (FEED) phase have been studied and reviewed by two leading global engineering firms, Arup and Technip Technologies, as Amp targets completion of pre-FEED studies for the first 1 GW electrolyser phase over the next 9 months. FEED scoping and contracting is currently underway ahead of awarding the FEED contract in late 2024 or early 2025.
Desalinated water is to be sourced from the recently announced Northern Water Supply (NWS) seawater desalination plant that will be located at Cape Hardy to meet the project’s demand for electrolyser feed water, cooling water, process plant water, and fire water. Amp is co-funding pre-FID expenditures for the NWS project.
Additionally, Amp is working closely with the Barngarla Determination Aboriginal Corporation RNTBC (“BDAC”). With continued support from the BDAC, Amp is confident the Cape Hardy Advanced Fuels Precinct will have a meaningful economic impact on the region. Amp currently estimates this will include approximately 4,000 direct and 6,000 indirect jobs for the first gigawatt of electrolyser capacity alone.
“We are seeing growing demand for Advanced Fuels both in Australia and abroad. This includes green ammonia, liquid hydrogen, methanol, and sustainable aviation fuel. The Cape Hardy Advanced Fuels Precinct will allow for large-scale production of these fuels that will be critical to the energy transition and achieving net zero targets. We could not be more excited about the project’s potential impact, and we are grateful for the partnership and continued support from Iron Road Ltd, the South Australian Government and BDAC as we progress full steam ahead on development” said Paul Ezekiel, Amp President and Co-founder.
Minister for Trade and Investment, Joe Szakacs said “The State Government recognises the strategic importance of the Cape Hardy Advanced Fuels Precinct attracting investment into the state for domestic and export opportunities, as there is an increasing flight to quality for hydrogen projects worldwide.”
About AmpAmp Energy is a global energy transition development platform, which delivers renewables, battery storage, Advanced Fuels and green AI data centers at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception 15 years ago, Amp has developed and built or contracted 14 GW of assets globally. Amp is backed by major investments from institutional capital partners including global private equity firm the Carlyle Group, who has invested over US$440 million. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
For more information, please visit amp.energy
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Artificial Intelligence
GEEKOM A8 AI PC is now available for €799 and up.
TAIPEI, May 21, 2024 /PRNewswire/ — The GEEKOM A8, a highly anticipated Next-Gen AI mini PC with an AMD HawkPoint Ryzen 8040 processor, is now available.
The A8 employs a metal housing with rounded corners and anodized matte finish, giving it a gorgeous and stylish look. Having a footprint smaller than the palm of a hand, the mini PC will conveniently fit in all types of desktop arrangement and instantly elevate the aesthetics of any workspace.
There are two variants of the GEEKOM A8, users have the option to choose between two processors from the same AMD HawkPoint family: Ryzen 7 8845HS and Ryzen 9 8945HS. Both chips feature 8 Zen 4 CPU cores, 16 threads, 16MB L3 cache, an AMD Radeon 780M integrated GPU as well as a Ryzen AI Engine NPU, but the Ryzen 9 8945HS is designed to offer slightly better performance, thanks to its higher CPU and GPU frequencies.
With a greatly enhanced NPU, the A8 can execute 60% more AI workloads than mini PCs with last-generation Ryzen 7040 chips, allowing users to embrace a new era of AI computing. For average consumers, the A8 will quickly find answers to all questions and turn texts into images and videos. For business users, the A8 will automatically summarize notes, transcribe calls, and take meeting minutes. For professional content creators, the A8 will bring much faster AI-powered photo editing, quicker video output, and speedier multi-tasking, helping bring the most ambitious ideas to life. With the new IceBlast 1.5 cooling technology, the A8 can stay cool and stable even when tasks are loaded.
Besides its powerful performance, the A8 also offers a wide array of ports, including four USB-A (including three USB3.2 Gen2), two HDMI2.0, a 40Gbps USB4, a multi-function Type-C, an SDXC slot, and a 3.5mm audio jack. Users can choose to connect the mini PC to an eGPU, ultra high-speed portable storage, or up to four 4K displays.
The A8 is now available on GEEKOM’s independent website. The 8845HS and 8945HS variants are priced at €799 and €949 respectively. Regardless of the CPU option, each unit is preinstalled with 32GB dual-channel SO-DIMM DDR5-5600 RAM, a fast 1TB M.2 2280 PCIe4.0*4 SSD, a wireless card that supports WiFi 7 and Bluetooth 5.4, and a licensed copy of Windows 11 operating system.
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