Unit Load Device - Global Market Outlook (2021 - 2028)
According to Stratistics MRC, the Global Unit Load Device Market is accounted for $2.07 billion in 2021 and is expected to reach $3.18 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Unit load device (ULDs) is the containers used to carry loads aircrafts. ULDs are the removable parts of an aircraft and the design and requirements vary according to different aircrafts. The function of ULD is to load and unload the cargos. Besides, the ULD are very critical for aircrafts since they protect the cargos which contain goods and prevent them from any damage. Also, between the planes it aids in the easy and quick transfer of cargos.
Market Dynamics:
Driver:
Increasing usage of wide-body aircrafts
Normal containers are used in commercial aircraft as well as cargo aircraft. Rise in aircraft orders will significantly contribute to the increasing demand for unit load devices. The demand for unit load devices is the highest in the Asia-Pacific region and is expected to grow in the future. A ULD is either an aircraft container or a pallet that is widely adopted across the aviation sector to hold the cargo and baggage during a flight.
Restraint:
Increasing demand for containers made of composite materials
Increasing passenger traffic has led to growth in air cargo, thereby propelling the requirement for unit load devices primarily for commercial aircraft. Increasing demand for containers made of composite materials owing to replacement costs and high maintenance of aluminum containers and pallets. Increasing research activities in the field of unit lead devices is fueling the application in aviation sector.
Opportunity:
Increasing demand for lightweight product for cargo operations
A lightweight ULD is widely used across the aviation industry to provide the lowest tare weight and highest strength-to-weight performance compared to conventional ULD. The lightweight ULD is designed from the polymer composite with higher strength. For instance, Nordisk manufactures lightweight ULD combined with high-quality materials. The ULD designed by the company aids in the reduction of over 25% weight of the container and further increases the efficiency of cargo operations leading to the high demand for lightweight unit load devices.
Threat:
High maintenance cost of ULD
The high cost of up-gradation & maintenance associated with replacing the conventional ULD is hindering the market growth. The high maintenance cost is related to maintaining regular inspection of ULD operations to ensure optimum usability. The high maintenance, repair, and overhaul cost of these device is restricting the market growth.
The container segment is expected to have the highest CAGR during the forecast period
The container segment is growing at the highest CAGR in the market due to the increasing demand for containers to carry loaded luggage, cargo, and goods on commercial aircrafts. The lower deck container is structured as a container with half-width lower deck and can efficiently carry a weight of 82 kg to a maximum gross weight of up to 1,588 KG.
Region with highest share:
North America is projected to hold the largest share in the market. This growth is owing to the presence of key players in the U.S. such as ACL AIRSHOP, Cargo Composites, and Satco, Inc., among others. The increasing procurement of ULD and related technologies in the U.S., Canada, and Mexico is further expected to contribute to the market growth of North America.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR in the market. This growth is attributed to the increasing demand for unit load devices from emerging economies such as China and India for air cargo operation. The rising air transport industry in countries such as China and India has led to the increasing adoption of these devices in Asia-Pacific.
Key players in the market:
Some of the key players profiled in the Unit Load Device Market include TransDigm Group Inc., PalNet GmbH Air Cargo Products, ACL Airshop, Cargo Composites, Dokasch GmbH, Zodiac Aerospace, Envirotainer AB, Satco, Inc., Nordisk Aviation Products, CSafe Global, VRR Aviation, Brambles Group, and UNILODE Aviation Solutions (UAS).
Key developments:
In August 2020: Cargo handler company Dnata launched technologically advanced Bluetooth low energy (BLE) readers to enable tracking cargo transport. BLE readers are used to capture the movement of ULDs. Using this technology, the shipments can track the ULD and sensor-based information such as the movement of the ULD, the temperature of ULD, and the humidity of the container.
In May 2020: UNILODE Aviation Solutions (UAS) and Air Canada signed a 7-year contract to provide a cost-saving ULD management solution. UAS, a specialist provider of outsourced ULD, will provide ULD management solutions to digitalize the transportation systems of Air Canada.
Materials Covered:
Metal
Composite
Products Covered:
M 1 Container
Pallets
Container (Lower Deck (LD) Types)
Sales Channels Covered:
Distributor
Direct Sales
Container Types Covered:
Cold Container
Normal Container
Applications Covered:
Cargo Air Transport
Civil Air Transport
Commercial Air Transport
Military
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2020, 2021, 2022, 2025, and 2028
- 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
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