Unit load device market is projected to grow from USD 1.64 billion in 2016 to USD 2.02 billion by 2021, at a CAGR of 4.28% during the forecast period.
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North America is one of the largest markets for unit load devices. The aviation industry in North America has been witnessing strong growth over the past few years, owing to rise in air passenger traffic and increase in the number of aircraft deliveries.
This has led to increase in cargo that has propelled the demand for unit load devices, as they are used to carry passenger luggage, freight, and other items on an aircraft. Asia-Pacific is the fastest growing region due to the increase in disposable income of people.
This has resulted in rise in the number of passengers travelling by air. This has further led to increase in cargo traffic, which, has contributed to the growing demand for unit load devices in this region.
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Pallets unit load device are widely used, as pallets help in transportation of heavy cargo, and thus, this segment is estimated to account for the largest market share during the forecast period. End users of pallets unit load device are airlines, cargo operators, ULD solution providers, and ULD management companies.
The commercial segment is estimated to account for the largest share as rise in passenger traffic has led to increase in air cargo, thereby propelling the demand for unit load devices for commercial aircraft.
- Passenger aircraft carriers
- Freight companies
- Unit load device suppliers
- Unit load device manufacturers
- Service and solution providers
- Regulatory bodies
- ULD operators
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Top Companies Analyzed for Unit Load Device Market are – Nordisk Aviation Products AS (Norway), Zodiac Aerospace (France), VRR Aviation (The Netherlands), DoKaSch GmbH (Germany), and Satco, Inc. (U.S.),among others.
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Unit Load Device Market, By Product Type:
- LD 3 Container
- LD 6 Container
- LD 11 Container
- M 1 Container
This research report categorizes the unit load device market into the following segments and subsegments on the basis of product type (LD 3, LD 6, LD 11, M 1, pallets, others), application (commercial, cargo), material (metal, composite, others), and container type (normal, cold, others), and maps these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World.
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