The airport baggage handling system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Airport Baggage Handling System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The airport baggage handling system market size has grown strongly in recent years. It will grow from <b>$8.22 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to air travel growth, security measures, efficiency and throughput, airport expansions and renovations, passenger expectations.
The airport baggage handling system market size is expected to see strong growth in the next few years. It will grow to <b>$12.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to predictive maintenance, sustainability and green initiatives, risk mitigation strategies, cost-efficiency requirements, passenger experience enhancement, rising tourism. Major trends in the forecast period include focus on passenger convenience, customization for airport needs, remote monitoring and management, smart sensor integration, predictive analytics.
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Scope Of Airport Baggage Handling System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airport Baggage Handling System Market Overview
Market Drivers –
The increase in air traffic is expected to propel the growth of the airport baggage handling system market. Air traffic refers to aircraft movements at airports. The reasons for the increase in air traffic are economic and demographic growth, rising income levels, the need for faster transportation of goods, and others. The demand for airport baggage handling systems will rise in response to the increasing air traffic to support crowded airport operations and reduce lead times for aircraft and at airports. For instance, according to the May 2022 passenger data published by the IATA (International Air Transport Association), a trade association for the world’s airlines, total air traffic was up 83.1% compared to May 2021, mostly driven by a strong recovery in international traffic. Worldwide air traffic is now at 68.7% of pre-pandemic levels. Further, in May 2022, international traffic grew 325.8% versus May 2021. Therefore, an increase in air traffic is expected to drive the growth of the airport baggage handling systems market.
Market Trends –
Technological advancement in airport baggage handling systems is a key trend gaining popularity in the airport baggage handling system market. The major players in the market and airports are integrating advanced technologies in baggage handling systems, such as near-field communication (NFC) and radio frequency identification (RFID), to provide automated check-in and baggage handling services. For instance, in June 2022, Delhi Airport, an Indian primary international airport, introduced BAGG TRAX, an RFID-enabled tagging technology to track passenger luggage in real-time during every stage of transfer. Upon registering, the tag needs to be put into check-in luggage, and passengers will receive updates on their phones when the baggage arrives at the airport and is ready to be picked up at the designated baggage belt. This system is projected to reduce the amount of lost or delayed baggage and time, which now costs airlines billions of dollars annually.
The airport baggage handling system market covered in this report is segmented –
1) By Type: Conveyors, Destination Coded Vehicles
2) By Solution: Check-In, Screening And Load, Conveying And Sorting, Unload And Reclaim
3) By Service: Assisted Service, Self-Service
4) By Technology: Barcode, RFID (Radio Frequency Identification)
5) By Application: Airport, Railway, Marine, Other Applications
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Regional Insights –
North America was the largest region in the airport baggage handling system market in 2023. The regions covered in the airport baggage handling system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the airport baggage handling system market report are Beumer Group, Daifuku Co. Ltd., Fives SA, G&S Airport Conveyor, Glidepath Limited, Grenzebach Maschinenbau GmbH, Logplan LLC, Pteris Global Limited, Siemens AG, Vanderlande Industries BV, SITA AG, BCS Group, Ansir Systems, Babcock International Group, Leonardo SpA, Airport Equipment Services Pte. Ltd., ALPHA-CIM Baggage, Alstef Automation S.A., Ammeraal BelTech, Aversan Inc., BB Computerteknik AS, BDP International, CASSIOLI Group, CIMC-TianDa Airport Support Ltd., Dalmec Industrial Manipulators India, LAS-1 Ltd., Logan Teleflex UK Ltd., Losch Airport Service GmbH, Matrex India Pvt. Ltd., Siemens Logistics GmbH
Table of Contents
1. Executive Summary
2. Airport Baggage Handling System Market Report Structure
3. Airport Baggage Handling System Market Trends And Strategies
4. Airport Baggage Handling System Market – Macro Economic Scenario
5. Airport Baggage Handling System Market Size And Growth
…..
27. Airport Baggage Handling System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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