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Airport Baggage Handling Systems Market By Technology (Barcode System, Radio-frequency Identification (RFID)), By Solution (Sorting, Conveying, Tracking And Tracing, Diverting) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Focus on Improving Operational Efficiency at Airports to Drive Airport Baggage Handling Systems Market Growth

The airport baggage handling systems market was valued at US$ 8.14 billion in 2017 and is expected to grow at an 8.2% CAGR from 2018 to 2026. One of the most prominent factors contributing to the market's growth can be attributed to the increasing requirement for improving the operational efficiency at airports. Airports around the world have been focusing on improving the passenger experience in recent years. Baggage handling systems in this context have greatly enhanced this experience by ensuring the timely and efficient delivery of baggage or goods. Deploying these systems at airports helps improve passenger convenience and, at the same time, reduces aircraft turnaround time. Airport modernization programs have been another prominent factor contributing to the growth of the airport baggage systems market. The rise in air passenger traffic has led to the establishment of new airports with better operational methods, thereby contributing to the growth of the baggage handling systems market. These factors, taken together, are expected to complement the baggage handling systems market's growth.

Market Synopsis

An Increasing Number of Airports Will Deploy RFID Technology in the Coming Years

As of 2017, the global baggage handling systems market was led by the RFID segment. In the coming years, the RFID segment is expected to register faster growth. Compared to barcodes, RFID is a relatively new technology and helps identify the location of the baggage. Unlike barcode systems, which primarily tag and store baggage information, RFID also provides tracking options, reducing the likelihood of misplacement and theft. Moreover, RFID tags reduce the efforts of workers as they no longer require them to scan each piece of baggage manually, thereby freeing up workers to provide other services. It also enables security checks to run a lot smoother and reduces wait time. As per recent findings, global deployment of RFID technology has the potential to save the air transport industry more than US$3 billion by 2022. The benefit of RFID technology can be further understood by the fact that Delta Airlines has experienced an accuracy read rate of 99.9% for tracking bags across its stations equipped with RFID.

High initial investments offset market growth in developing countries.

High initial investments, coupled with the complex architecture of baggage handling systems, are the major factors offsetting market growth. Other challenges hampering the baggage handling systems market's growth include costs associated with maintenance and the availability of manpower with adequate skills to operate these systems.

In the coming years, Asia Pacific will emerge as a lucrative investment market.

The global baggage handling systems market was dominated by North America in terms of market value in 2017. Factors leading to its dominance include the large scale of domestic and international air traffic in the region coupled with the region's willingness to embrace advanced solutions. However, in the coming years, Asia-Pacific is expected to witness the fastest CAGR growth on account of a significant increase in the number of air passengers in the region and also as a result of improved connectivity. India, China, and Southeast Asian countries have undergone rapid upgradation of their public transportation systems in recent years, and airports in this context are no exception. The growth of the region can be understood from the fact that by 2020, passenger traffic at Indian airports is expected to increase to 421 million from 265 million in 2017. Similarly, China, in its 13th "Five-Year Plan," has planned to build 56 new airports, expand 91 airports, and relocate 16 airports during the period from 2015 to 2020. Therefore, these factors are expected to make Asia-Pacific the most lucrative market for investments in the coming years.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The report elucidates the detailed outline of the global baggage handling systems market by categorizing the market in terms of technology, solution, and geography.

Key players profiled in the report include Vanderlande Industries, Siemens AG, Pteris Global Limited, Daifuku Company Ltd., Beumer Group, BCS Group, Grenzebach Maschinenbau GmbH, G&S Airport Conveyor, Scarabee Systems & Technology B.V., Logplan L.L.C., Alstef Automation S.A., SITA, and Fives Group, among others.

Key questions are answered in this report.

  • What was the size of the global baggage handling systems market in 2017, and what is the forecast for 2026?
  • What are the current trends in the baggage handling systems market?
  • What are the various valuable opportunities for the players in the market?
  • Which is the largest regional market for baggage handling systems?
  • Which region is expected to have the fastest growth and why?
  • What are the future prospects for the baggage handling systems market?
  • What are the major drivers and restraints influencing the market's growth?
  • What are the key strategies adopted by the leading players in the market?

Frequently Asked Questions:

The market for Airport Baggage Handling Systems Market is expected to reach US$ 8.14 Bn by 2026.

The Airport Baggage Handling Systems Market is expected to see significant CAGR growth over the coming years, at 8.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Vanderlande Industries, Siemens AG, Pteris Global Limited, Daifuku Company Ltd., Beumer Group, BCS Group, Grenzebach Maschinenbau GmbH, G&S Airport Conveyor, Scarabee Systems & Technology B.V., Logplan L.L.C., Alstef Automation S.A., SITA, and Fives Group are some of the major players in the global market.

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Godaddy
Published Date:  Sep 2018
Category:  Technology & Media
Report ID:   59323
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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