Airport Baggage Handling System Market Estimated to Value Over US $ 14 Billion by 2026 End

  • 08 May 2019

Construction of new airport terminals, rising number of airline passengers and demand for an upgrade in obsolete infrastructure related to check-in and baggage systems has led to technological disruptions in the airport baggage handling systems. Commercial aviation is on the rise with growing tourism and mobile workforce, attracting gigantic investments and cut-throat competition amongst market players. Growth in international trade, government policies to improve passenger convenience, technological improvement in baggage screening and identification devices are other factors fuelling the global airport baggage handling system market.

The global airport baggage handling system market is estimated to register an impressive CAGR of 5.9% during the forecast period from 2019 to 2026 and value over US$ 14 billion by 2026 end.

Trends in Global Airport Baggage Handling System Market
+ Modern techniques for tracking baggage using automatic tag readers at the airport to facilitate reduced passenger waiting time at conveyor belts is becoming highly preferred service. 
+ Remote check-in and automated kiosks are high in demand due to convenience during peak hours. This calls for close integration with baggage handling systems to avoid delayed/lost baggage charge levied on airlines.
+ Deploying baggage handling robots is anticipated to become a common process at airports in future to avoid maintenance and staffing cost.

Transit flights for long route air passenger depend on the accuracy of baggage handling system in order to avoid misplacement and theft. This would facilitate the acquisition of smaller market players by the larger ones in order to cater to such needs and gain competitive advantage.
Cost of implementing baggage handling systems, complex architecture and skilled operating workforce establishment across geographical boundaries will pose challenges to the market.

Global Airport Baggage Handling System Market, by Type
> Conveyor  
> Destination Coded Vehicle
At present conveyor, the segment is leading the global airport baggage handling system market in terms of market penetration. However, as per the government mandate, airlines are favouring the use of destination coded vehicles to avoid lost/theft of baggage. Thus destination coded vehicle segment is estimated to grow a rapid CAGR in future.

Global Airport Baggage Handling System Market, by Airport Class 
> Class A 
> Class B 
> Class C

Global Airport Baggage Handling System Market, by Service 
> Self-Service  
> Assisted Service 

Global Airport Baggage Handling System Market, by Technology 
> Barcode  
> RFID
RFID technology supports real-time tracking of baggage at all the stages during air travel. Moreover, it helps to reroute the baggage that is being set on the wrong track which is not possible using barcode scanning technology. Hence RFID segment is projected to upthrust the global airport baggage handling system market in the coming years.

Global Airport Baggage Handling System Market, by Region
•    North America
•    Latin America
•    Europe
•    Asia Pacific
•    Rest of the World

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major    market share
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

FutureWise Key Takeaways 
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study: 
•    To provide with an exhaustive analysis on the global airport baggage handling system market on the basis of type, airport class, service, technology and region
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies  

 

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