The Airport Baggage Handling Systems Market size is estimated at USD 1.54 billion in 2022, and is expected to reach USD 3.43 billion by 2030, growing at a CAGR of 13.4% during the forecast period (2023-2030).
Airport Baggage Handling Systems play a crucial role in ensuring efficient and accurate movement of luggage and cargo within airports. These systems are designed to streamline the process of baggage handling, from check-in to loading onto aircraft and eventual retrieval by passengers upon arrival. The market for airport baggage handling systems has seen significant growth due to increasing air travel, the need for operational efficiency, and technological advancements.
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Here are some specific examples of new developments in the airport baggage handling system market:
- Alstef’s BAGXone mobile robotis designed to handle individual bags on short distances, such as from check-in to screening machines or from screening machines to an early bag store.
- RFID technologyis being used to improve baggage tracking at airports. RFID tags can be embedded into bag tags and track luggage in real time, which can help to reduce the number of lost bags.
- Automated baggage handling systemsare becoming more common, as they can help to improve efficiency and reduce labor costs.
These are just a few of the new developments that are shaping the airport baggage handling system market. As the market continues to grow, we can expect to see even more innovative solutions that help to improve the travel experience for passengers.
Airport Baggage Handling System Industry Segmentation
By airport capacity, the market is segmented into:
- Up to 15 million passengers per year
- 15-25 million passengers per year
- 25-40 million passengers per year
- Above 40 million passengers per year
By type, the market is segmented into:
- Conveyors
- Destination-coded vehicles (DCVs)
- Automated baggage handling systems (ABHSs)
By technology, the market is segmented into:
- Barcode
- RFID
By Service:
- Installation
- Maintenance and Support
- Consulting and Design
By Vertical Integration:
- In-house Baggage Handling Systems
- Outsourced Baggage Handling Systems
By Integration Level:
- Standalone Baggage Handling Systems
- Integrated Baggage Handling Systems (integrated with other airport systems)
By geography, the market is segmented into:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
The airport baggage handling system industry is a growing market, and is expected to continue to grow in the coming years. The growth of the market is being driven by a number of factors, including:
Increasing air passenger traffic
Growing demand for automation and digitization
Focus on improving operational efficiency
Development of new technologies, such as RFID
The airport baggage handling system industry is a competitive market, with a number of major players competing for market share. Some of the leading players in the market include:
Delta Airlines
TRACE ME Luggage Tracker
SITA
Impinj
TrackIT
Lyngsoe Systems
BEUMER Group
Quantum ID Technologies
Daifuku
Aeroflot
Airport Baggage Handling System Industry Overview
These companies have expanded their presence in various regions through partnerships with airport authorities and airlines. For instance, in April 2022, Siemens Logistics, a subsidiary of Siemens AG, received a contract from Incheon International Airport Corporation to expand the baggage handling system at Terminal 2 of Incheon Airport. In addition to the installation of baggage conveying and sorting technology, the company will provide technical project management, layout design, and software solutions and integrate the new equipment into the existing system. Also, companies have been investing in the R&D of new automated baggage-handling solutions to enhance their sales and net profits.
As the market demand improves with the growth in passenger traffic, it is expected that the smaller players will be acquired to gain a competitive advantage to cater to customers’ needs.
Key Benefits for Airport Baggage Handling System Market:
- This study comprises an analytical depiction of the global airport baggage handling system market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2022 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Airport Baggage Handling System Market Report – Table of Contents
Introduction
Study Assumptions and Market Definition
Scope of the Study
Research Methodology
Executive Summary
Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints
Industry Attractiveness – Porter’s Five Forces Analysis
- Threat of New Entrants
- Bargaining Power of Buyers/Consumers
- Bargaining Power of Suppliers
- Threat of Substitute Products
- Intensity of Competitive Rivalry
FUTURE SCENARIO
The manufacturing companies are focused on offering turnkey solutions such as RFID-enabled destination-coded vehicles that minimize strain injuries and maximize baggage security along with ensuring higher productivity. However, the COVID 19 pandemic has hit the world with greater effects. The virus has spread over 195 countries. It has adversely affected the transport industry and will directly affect this market. Therefore, the future of this market is in the doldrums owing to the sudden impact of COVID19 on every industry vertical.
Global Airport Baggage Handling Systems Market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 95+ countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2022.
COVID-19 can affect the economy in three main ways: by directly affecting production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, are facing problems with regards to the transportation of drugs from one place to another.
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