Overview and Scope
An airport logistics system refers to the integrated network of processes, infrastructure, and technologies designed to manage and coordinate the flow of passengers, cargo, aircraft, and resources within an airport environment. This system enhances operational efficiency, reduces delays, bolsters safety and security measures, and delivers a smooth and enjoyable experience for passengers and cargo stakeholders through optimizing processes, infrastructure, and resources.
Sizing and Forecast
The airport logistics system market size has grown rapidly in recent years. It will grow from $6.05 billion in 2023 to $6.66 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to globalization and trade, regulatory changes, customer expectations, and environmental concerns.
The airport logistics system market size is expected to see rapid growth in the next few years. It will grow to $9.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to e-commerce growth, automation and robotics, data analytics and AI, urbanization and population growth, and sustainability initiatives. Major trends in the forecast period include the integration of IoT, multi-modal solutions, collaborative logistics networks, and security enhancements.
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Segmentation & Regional Insights
The airport logistics system market covered in this report is segmented –
1) By Type: Baggage Handling Systems, Cargo Handling Systems, Other Types
2) By Technology: Internet Of Things (IoT), Artificial Intelligence And Machine Learning, Radio Frequency Identification (RFID), Automation And Robotics, Other Technologies
3) By Application: Maintenance And Support, Integration And Deployment, Consulting
North America was the largest region in the airport logistics system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport logistics system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increasing number of air passengers is expected to drive the growth of the airport logistics system market going forward. Air passengers are individuals who travel via aircraft for various purposes, such as business, leisure, or personal reasons. The increasing number of air passengers is due to economic growth, affordability, and globalization. Airport logistics systems are crucial in managing cargo operations, including freight handling, warehousing, customs clearance, and ground transportation. For instance, in February 2023, according to the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, the number of air passengers carried in 2022 increased by an estimated 47% compared to 2021, while revenue passenger kilometers (RPK’s) increased by around 70% over the same period. Therefore, the increasing number of air passengers is expected to propel the growth of the airport logistics system market.
Key Industry Players
Major companies operating in the airport logistics system market are Siemens Logistics GmbH, International Business Machines Corporation, Honeywell International Inc., BCS Group, CIMC-TianDa Airport Support Ltd., Babcock International Group PLC, Daifuku Co. Ltd., Swissport International AG, Vanderlande Industries BV, Fives Group, Unisys Corporation, SITA NV, Beumer Group GmbH & Co. KG, Grenzebach Group, Materna Information and Communications SE, ALSTEF Automation SA, Lodige Industries GmbH, Transnorm System GmbH, Glidepath Group, Logplan LLC
The airport logistics system market report table of contents includes:
1. Executive Summary
2. Airport Logistics System Market Characteristics
3. Airport Logistics System Market Trends And Strategies
4. Airport Logistics System Market – Macro Economic Scenario
5. Global Airport Logistics System Market Size and Growth
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32. Global Airport Logistics System Market Competitive Benchmarking
33. Global Airport Logistics System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Airport Logistics System Market
35. Airport Logistics System Market Future Outlook and Potential Analysis
36. Appendix
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