Aircraft Electric Taxiing Systems Market Size, Share, Growth and Industry Analysis by Type (Non-Vehicular Aircraft EGTS, Vehicular Aircraft EGTS, And, Aircraft Electric Taxiing Systems) By Application (Military, And, Civilian) Regional Forecast To 2031

Updated On: 08 April 2024

Aircraft Electric Taxiing Systems Market Report Overview

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The global aircraft electric taxiing systems market size is anticipated to be worth USD 250.7 million in 2022.  As per our research, the market is projected to touch USD 474.86 million in 2031 with a CAGR of 7.5% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The aircraft electric taxiing systems are designed to allow an aircraft to push back. While pushing back the air craft doesn’t need tug assistance. The aircraft can also move towards the runway without the main engine running or operating. Thus, using this system is highly beneficial to the aircrafts.

Incorporating electric taxiing systems is bound to decrease he cost and increase annual savings for numerous aviation companies. As a result, many airlines are coming forward to adopt themselves to this system. This is considered as the latest trend in the market.

Aircrafts emit many harmful gases like carbon-dioxide, nitrogen oxide and hydrocarbons. Electric taxiing systems are very helpful in reducing such emissions. They also help in operating highly busy airports. All of the above-mentioned factors have helped tremendously in increasing the aircraft electric taxiing systems market growth.

COVID-19 impact: Temporary Halt in The Operations of Aircrafts During Pandemic Decreased Market Growth

The pandemic of COVID-19 was one among the most incomparable health emergencies across the world. Along with negatively affecting the health of people the economy of all most all countries suffered. All the markets witnessed a decline in their share. Travelling during pandemic was strictly prohibited.

Social distancing and lockdowns completely restricted people from travelling. People coming from different countries were also not allowed as they were exposed to the danger of being infected by COVID-19. This resulted in the downfall of the aircraft industry. The strict rules made by the government of all countries prohibited travelers from other countries entering their countries. This caused a temporary halt in the operations of aircrafts bringing down the market growth during pandemic.  

LATEST TRENDS

"Increased Annual Savings for Aircrafts After Incorporating Taxiing System to Increase Market Growth"

According to various studies and reports it is seen that the annual savings of aircraft companies has increased after incorporating the electric taxiing systems. The environmental footprint of aircrafts is also seen to reduce after the usage of this system.

While taxiing system is being used the motor will not have to operate in reverse and forward mode. As a result, the ground equipment will not be required for the process of towing or for providing push backs. The congestion in gate areas will be released as a result of which the aircraft turnaround time decreases. All of these new changes have been witnessed in the market.

Aircraft Electric Taxiing Systems Market Segmentation

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• By Type:

The market can be divided on the basis of type into the following segments:

Non-vehicular aircraft EGTS, vehicular aircraft EGTS, and, aircraft electric taxiing systems. The Non-vehicular segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Military, and, civilian. The military segment is predicted to dominate the market during the research and forecast period.

DRIVING FACTORS

"Reduction in Emission of Harmful Gases to Accelerate Market Growth"

Aircraft electric taxiing systems not only increase the operational efficiency but they also help in reducing the emission of harmful gases which are usually given out by aircrafts. A large amount of money is saved on fuel when the system is incorporated.

Nitrogen oxide and carbon dioxide are the two most emitted gases from aircrafts. Their emission is reduced by more than half of their original percentage. Unburned hydrocarbons are also reduced. This is making aircrafts much more nature friendly. The most important advantage is that the health of the airport ground crew is also seen to improve. All of these factors have propelled the aircraft electric taxiing systems market share.

"Advantages of Electric Taxiing in Busy Airports to Propel Market Growth "

Electric taxiing is very useful in highly busy airports. Usually, all the taxiing operations take around30 to 45 minutes. Adopting electric taxiing can reduce this time consumed. Along with reducing the time taken for taxiing these systems also enable the shuttles to take on many trips.

Electric taxiing is considered to be a very advanced, highly-technological, strategic as well as a revolutionary system. The adoption of this system can allow the aircraft owners to make profits while saving so much money. All of these factor’s haven driven the market growth.

RESTRAINING FACTOR

"Cost Intensiveness of Aircraft Electric Taxiing Systems to Decrease Market Growth"

Aircraft electric taxiing systems are considered to cost intensive solutions. These are high on investment and the investors have to keep a side a large amount of money to install these systems. Aviation industry is capital intensive and taxiing systems can result in high up-front cost.   

Even if some well established airlines are able to install this system all airlines cannot easily afford this system. Another disadvantage is that these have a limited turn radius. Therefore, they do not become suitable for short-radius turning. All of these factors have restrained the market growth.

Aircraft Electric Taxiing Systems Market Regional Insights

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"North America to Dominate Market Share in The Upcoming Years"

North America is seen to be the top share holder in the aircraft electric taxiing market. The prime reason for this is the evolution of aviation industry in many countries across North America.

Aviation industry is one of the most largely run sectors in many countries and they have the necessity to install the electric taxiing systems. Apart from this, aircrafts form a major source of pollution. Governments have taken certain actions regarding this. Therefore, aviation companies are taking initiatives to install electric taxiing in order to reduce harmful emissions.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Safran Landing Systems (France)
• Technodinamika (Russia)
• Wheel Tug (U.S.)
• Delos Aerospace (U.S.)
• Honeywell (U.S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations