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.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/airport-baggage-handling-system-global-market-report
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
Get an inside scoop of the airport baggage handling system market, Request now
for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8166&type=smp
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
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment