Airport Baggage Handling System Market
The Global Airport Baggage Handling System Market size valued to USD 9.71 billion in 2019, is predicted to reach USD 16.12 billion by 2030, witnessing a CAGR of 4.60% from 2020-2030.
Airport Baggage Handling System refers to a conveyor system that transports verified luggage from check-in counters to the area defined for loading luggage into airplanes. Besides, it is also used for the transportation of luggage from airplane to the baggage claim area. This system aims at ensuring the correct location of the luggage, hence avoiding the loss of luggage. The entire system consists of different sensors, barcode readers, RFID tags and such other technologies to make the process much easier in a long run.
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Top Companies: Beumer Group, Siemens AG, G and S Airport Conveyor, Daifuku Co. Ltd., Vanderlande Industries B.V., Pteris Global Limited, Grenzebach Group, Fives Group, Glidepath Group and Logplan LLC and others.
The global airport baggage handling system market share analysis is based on airport class, service, type, technology, and geography. Based on airport class, the market is segmented into class A, Class B, and Class C. Based on service, the market is fragmented into self-service and assisted service. Based on type, the market is categorized into conveyer and destination coded vehicle. Based on technology, the market is fragmented into barcode and RFID. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.
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North America is expected to dominate the global airport baggage handling system market, accounting for the highest market shares. This is attributable to factors such as thriving aerospace industry, high R&D investments, infrastructure advancements as well as technological developments. Asia Pacific is expected to show rapid growth with a consistent increase in the market share throughout the forecast period, owing to the modernization of airport and improvement of aircraft turnaround time. Furthermore, increase in disposable income, upsurge in tourism industry as well as growing demand for higher operational efficiency are expected to enhance the growth of airport baggage handling system market.
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