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Airport Smart Baggage Handling Solutions Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44059
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The airport smart baggage handling solutions market share is expected to increase by USD 676.8 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.16%.

This airport smart baggage handling solutions market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers airport smart baggage handling solutions market segmentation by product (smart baggage and tracking devices and smart baggage screening devices) and geography (APAC, North America, Europe, MEA, and South America). The airport smart baggage handling solutions market report also offers information on several market vendors, including Babcock International Group Plc, BEUMER Group GmbH & Co. KG, CIMC Tianda Holdings Co. Ltd., Daifuku Co. Ltd., G&S Airport Conveyor, Leonardo Spa, Siemens AG, SITA, Vanderlande Industries BV, and WFS Global SAS among others.

What will the Airport Smart Baggage Handling Solutions Market Size be During the Forecast Period?

Airport Smart Baggage Handling Solutions Market Size

Download the Free Report Sample to Unlock the Airport Smart Baggage Handling Solutions Market Size for the Forecast Period and Other Important Statistics

 

Airport Smart Baggage Handling Solutions Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The development of smart airports is notably driving the airport smart baggage handling solutions market growth, although factors such as high cost associated with SBH solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the airport smart baggage handling solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Airport Smart Baggage Handling Solutions Market Driver

The rising development of smart airports is one of the key drivers expected to trigger the airport smart baggage handling solutions market growth. The rising popularity of Airport 2.0, coupled with the growing investments in technological advances, has led to the joint proposal of the smart airport concept by the IATA and ACI. This facilitates the seamless exchange of information between airport operators, airlines, and passengers and can increase the efficiency and profitability of the stakeholders during volatile economic conditions. Under the Airport 3.0 approach, all systems are integrated into one single digital grid, which allows sharing of real-time information and deep cross-silo collaboration. This enhances operational efficiencies and offers a superior passenger experience and uninterrupted delivery of an array of personalized services. Smart airport terminals are developed around a single converged IP platform that enables high-speed broadband traffic across the aerodrome. By allowing real-time data exchange and airport-wide integration, smart airports significantly improve their operational efficiencies, passenger services, and security capabilities. Increased demand for air travel has made the regulatory authorities, including ICAO, IATA, Federal Aviation Administration, European Aviation Safety Agency, Civil Aviation Safety Authority, and the EU, encourage the development of smart airports. Such an approach will minimize the risks and limit the inconvenience to passengers, thus enabling safer flight and airport operations.

Key Airport Smart Baggage Handling Solutions Market Trend

 

The emergence of robotic baggage handling systems is one of the key airport smart baggage handling solutions market trends. With growing passenger traffic and baggage volume, the rate of baggage mishandling is also expected to rise. This is one of the most common struggle points in the travel industry. To reduce passenger discomfort and baggage mishandling, airlines and airport operators are focusing on innovative baggage handling technologies. Public organizations such as the IATA are also focusing on reducing aircraft delays while offering effective travel experiences. Hence, airlines are trending toward the implementation of loT in baggage handling to reduce the incidents of lost baggage. The airlines, along with other stakeholders, benefit from the transparency and gain control over each stage of the baggage journey. This helps to offer customers high value-added service by avoiding baggage fraud. Airlines are also focusing on reducing lost luggage incidents by investing in various technologies for tracking passenger baggage throughout the entire journey. In addition, airlines are integrating smart technology for cargo. As a result, cargo unit load devices have become more intelligent and deliver real-time tracking data for air cargo. In the future, smart bags with embedded chips will be designed, which will automatically notify airlines about the current location of the baggage, along with the checkpoints crossed. Such new technological developments will minimize baggage handling while reducing manual intervention. 

Key Airport Smart Baggage Handling Solutions Market Challenge

The high cost associated with SBH solutions is a major hindrance to the airport smart baggage handling solutions market growth. With the growing focus on enhancing SBH solutions, airlines are investing in smart baggage tags and baggage tracking devices. These baggage solutions are highly expensive, which restricts many airlines and airports from using them. The price of a smart tag varies between $10 and $50 per tag, while RFID tags are much more expensive and require RFID reading devices. Despite their high prices, these systems are steadily capturing the baggage market owing to their advantages over the existing baggage handling solutions. Due to the implementation of loT-enabled solutions, sensors, beacons, and wearables will start transmitting and interpreting information. This will require superior IT analysis to procure the appropriate architecture to monitor crucial components, such as the middleware platform, that will manage messages generated rapidly and in high volumes. At present, there s a gap between the required loT value and the available infrastructure. The aviation industry still requires the implementation of smart machine learning algorithms to generate value from loT technologies. These can derive insight from sensor data and propose actions in real-time. The process of transforming into an IoT ecosystem will increase cost associations for airline operators. After installation, they also require maintenance. As protocols tend to keep changing, interoperability costs will also play a significant role.

This airport smart baggage handling solutions market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global airport smart baggage handling solutions (SBH) market as a part of the global airport services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the airport smart baggage handling solutions market during the forecast period.

Who are the Major Airport Smart Baggage Handling Solutions Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Babcock International Group Plc
  • BEUMER Group GmbH & Co. KG
  • CIMC Tianda Holdings Co. Ltd.
  • Daifuku Co. Ltd.
  • G&S Airport Conveyor
  • Leonardo Spa
  • Siemens AG
  • SITA
  • Vanderlande Industries BV
  • WFS Global SAS

 

This statistical study of the airport smart baggage handling solutions market encompasses successful business strategies deployed by the key vendors. The airport smart baggage handling solutions market is fragmented and the vendors are deploying growth strategies such as innovation and competitive pricing to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The airport smart baggage handling solutions market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Airport Smart Baggage Handling Solutions Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the airport smart baggage handling solutions market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the airport services market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Airport Smart Baggage Handling Solutions Market?

Airport Smart Baggage Handling Solutions Market Share by Geography

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39% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the airport smart baggage handling solutions market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing passenger traffic and airport upgrades will facilitate the airport smart baggage handling solutions market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Airport Smart Baggage Handling Solutions Market?

Airport Smart Baggage Handling Solutions Market Share

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The airport smart baggage handling solutions market share growth in the smart baggage and tracking devices segment will be significant during the forecast period. Smart baggage management refers to the tracking of bags using a range of radio-frequency identification (RFID) tags, Global Positioning System (GPS)-enabled devices, Wi-Fi, cellular baggage tags, and baggage tracking devices. These electronic tags are deployed across the baggage ecosystem in smart luggage, airport luggage carts, smart tags, and permanent and reusable bag tags. Travel bag manufacturers have also introduced many innovations to their products. The growing need for trackable luggage has created the scope for new start-ups and established companies to develop smart luggage that can be integrated with SIM cards, Wi-Fi hotspots, Bluetooth, and GPS. These factors are expected to drive the airport smart baggage handling market share growth by the smart baggage and tracking devices segment significantly during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the airport smart baggage handling solutions market size and actionable market insights on post COVID-19 impact on each segment.

 

Airport Smart Baggage Handling Solutions Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.16%

Market growth 2021-2025

$ 676.8 million

Market structure

Fragmented

YoY growth (%)

3.15

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Babcock International Group Plc, BEUMER Group GmbH & Co. KG, CIMC Tianda Holdings Co. Ltd., Daifuku Co. Ltd., G&S Airport Conveyor, Leonardo Spa, Siemens AG, SITA, Vanderlande Industries BV, and WFS Global SAS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Airport Smart Baggage Handling Solutions Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive airport smart baggage handling solutions market growth during the next five years
  • Precise estimation of the airport smart baggage handling solutions market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the airport smart baggage handling solutions industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of airport smart baggage handling solutions market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Airport services market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Smart baggage and tracking devices - Market size and forecast 2020-2025
      • Exhibit 17: Smart baggage and tracking devices - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Smart baggage and tracking devices - Year-over-year growth 2020-2025 (%)
    • 5.4 Smart baggage screening devices - Market size and forecast 2020-2025
      • Exhibit 19: Smart baggage screening devices - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Smart baggage screening devices - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Customer landscape

    • 6.1 Overview
      • Exhibit 22: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 38: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 39: Landscape disruption
          • Exhibit 40: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 41: Vendors covered
        • 10.2 Market positioning of vendors
          • 10.3 Babcock International Group Plc
            • Exhibit 43: Babcock International Group Plc - Overview
            • Exhibit 44: Babcock International Group Plc - Business segments
            • Exhibit 45: Babcock International Group Plc - Key news
            • Exhibit 46: Babcock International Group Plc - Key offerings
            • Exhibit 47: Babcock International Group Plc - Segment focus
          • 10.4 BEUMER Group GmbH & Co. KG
            • Exhibit 48: BEUMER Group GmbH & Co. KG - Overview
            • Exhibit 49: BEUMER Group GmbH & Co. KG - Product and service
            • Exhibit 50: BEUMER Group GmbH & Co. KG - Key offerings
          • 10.5 CIMC Tianda Holdings Co. Ltd.
            • Exhibit 51: CIMC Tianda Holdings Co. Ltd. - Overview
            • Exhibit 52: CIMC Tianda Holdings Co. Ltd. - Business segments
            • Exhibit 53: CIMC Tianda Holdings Co. Ltd. - Key offerings
            • Exhibit 54: CIMC Tianda Holdings Co. Ltd. - Segment focus
          • 10.6 Daifuku Co. Ltd.
            • Exhibit 55: Daifuku Co. Ltd. - Overview
            • Exhibit 56: Daifuku Co. Ltd. - Business segments
            • Exhibit 57: Daifuku Co. Ltd. - Key offerings
            • Exhibit 58: Daifuku Co. Ltd. - Segment focus
          • 10.7 G&S Airport Conveyor
            • Exhibit 59: G&S Airport Conveyor - Overview
            • Exhibit 60: G&S Airport Conveyor - Product and service
            • Exhibit 61: G&S Airport Conveyor - Key offerings
          • 10.8 Leonardo Spa
            • Exhibit 62: Leonardo Spa - Overview
            • Exhibit 63: Leonardo Spa - Business segments
            • Exhibit 64: Leonardo Spa - Key offerings
            • Exhibit 65: Leonardo Spa - Segment focus
          • 10.9 Siemens AG
            • Exhibit 66: Siemens AG - Overview
            • Exhibit 67: Siemens AG - Business segments
            • Exhibit 68: Siemens AG - Key offerings
            • Exhibit 69: Siemens AG - Segment focus
          • 10.10 SITA
            • Exhibit 70: SITA - Overview
            • Exhibit 71: SITA - Product and service
            • Exhibit 72: SITA - Key news
            • Exhibit 73: SITA - Key offerings
          • 10.11 Vanderlande Industries BV
            • Exhibit 74: Vanderlande Industries BV - Overview
            • Exhibit 75: Vanderlande Industries BV - Product and service
            • Exhibit 76: Vanderlande Industries BV - Key offerings
          • 10.12 WFS Global SAS
            • Exhibit 77: WFS Global SAS - Overview
            • Exhibit 78: WFS Global SAS - Product and service
            • Exhibit 79: SITA - Key news
            • Exhibit 80: WFS Global SAS - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 81: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 82: Research Methodology
              • Exhibit 83: Validation techniques employed for market sizing
              • Exhibit 84: Information sources
            • 11.4 List of abbreviations
              • Exhibit 85: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Airport Smart Baggage Handling Solutions Market market growth will increase by $676.8 mn during 2021-2025.
            The airport smart baggage handling solutions market market is expected to grow at a CAGR of 5.16% during 2021-2025.
            Technavio has segmented the airport smart baggage handling solutions market market by product (smart baggage and tracking devices and smart baggage screening devices) ,geography (APAC, North America, Europe, MEA, and South America) , and geographic (APAC, North America, Europe, MEA, and South America).
            Babcock International Group Plc, BEUMER Group GmbH & Co. KG, CIMC Tianda Holdings Co. Ltd., Daifuku Co. Ltd., G&S Airport Conveyor, Leonardo Spa, Siemens AG, SITA, Vanderlande Industries BV, WFS Global SAS are a few of the key vendors in the airport smart baggage handling solutions market market.
            APAC will register the highest growth rate of 39% among the other regions. Therefore, the airport smart baggage handling solutions market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the airport smart baggage handling solutions market market growth are:
            • Development of smart airports
            • Emergence of hyper-personalization of connected devices
            The airport smart baggage handling solutions market market vendors should focus on grabbing business opportunities from the smart baggage and tracking devices segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Five-force market analysis

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