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 has the potential to grow by USD 676.80 million during 2021-2025, 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 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 in 2021?

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Airport Smart Baggage Handling Solutions Market: Key Drivers and Trends

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 such solutions may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the airport smart baggage handling solutions industry get your FREE report sample now.

  • The rising development of smart airports is one of the key drivers expected to trigger the airport smart baggage handling solutions market growth.
  • There has been a significant evolution in airport operations from Airport 1.0 to Airport 2.0.
  • The rising popularity of Airport 2.0 and growing investments in integrating technological advances in modern airport operations are leading to the emergence of smart airports.
  • The deployment of smart airports will increase the efficiency and profitability of several stakeholders, including airport operators, airlines, and passengers during volatile economic conditions. This will further create significant opportunities for the airport smart baggage handling solutions market.
  • The emergence of robotic baggage handling systems is one of the key airport smart baggage handling solutions market trends.
  • Innovative technologies are being introduced at airports because of the continuous advances in robotics and digital communications for enhancing the passenger travel experience.
  • Vendors are increasingly integrating robotic technology for providing the most appropriate level of automation to airports, airlines, and handlers.
  • The introduction of fully-autonomous baggage-handling robots to automate the baggage process will further gain traction in the market.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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

 

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. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the airport smart baggage handling solutions market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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

Airport-Smart-Baggage-Handling-Solutions-Market-Market-Share-by-Region-2020-2025

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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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Airport-Smart-Baggage-Handling-Solutions-Market-Market-Share-by-Product-2020-2025

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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.

Fetch actionable market insights on post COVID-19 impact on each segment. 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.

 

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What are the Key Factors 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 market 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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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%

Market growth 2021-2025

$ 676.80 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

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 future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Smart baggage and tracking devices - Market size and forecast 2020-2025
    • Smart baggage screening devices - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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
    Interested in this report?
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    The airport smart baggage handling solutions market growth will increase by $1153.74 million during 2019-2024.
    The airport smart baggage handling solutions market is expected to grow at a CAGR of 6.49% during 2019-2024.
    Technavio has segmented the airport smart baggage handling solutions market by product (Smart baggage and tracking devices and Smart baggage screening devices) 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.
    APAC will register the highest growth rate of 39.61% among the other regions. Therefore, the airport smart baggage handling solutions 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 growth are:
    • Development of smart airports
    The airport smart baggage handling solutions 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.
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