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

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR46608
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The smart baggage handling solutions market size has the potential to grow by USD 3.85 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.85%. 

This report provides a detailed analysis of the market by product (smart baggage and tracking devices and smart baggage screening devices), geography (APAC, North America, Europe, MEA, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

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

 

  • ALSTEF Automation SA
  • BEUMER Group GmbH & Co. KG
  • Daifuku Co. Ltd.
  • Dimark Group Sp. zoo
  • Lenze SE
  • Lyngsoe Systems AS
  • MATREX SAS
  • Siemens AG
  • SITA
  • Vanderlande Industries BV

 

The smart baggage handling solutions market is fragmented and the vendors are deploying growth strategies such as M&A  to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing need for efficient baggage operations at airports and railways to achieve growth opportunities. However, factors such as high cost associated with SBH solutions will challenge the growth of the market participants. 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 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, 

This smart baggage handling solutions market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Smart Baggage Handling Solutions Market: Key Drivers and Trends

  • The rising need for efficient baggage operations at airports is driving the smart baggage handling solutions market growth.
  • Digitalization in baggage handling plays a vital role in supporting various stakeholders in the airport ecosystem, while enhancing passenger satisfaction. 
  • To bridge this growing gap between the baggage operatios and passenger satisfaction, the SBH systems provide real-time data communication between the ground support teams while providing the airline's quick turn-around time.
  • The SBH solution reduces instances of baggage delay, damage, and lost bags that take a toll on airlines' economy and cause inconvenience to passengers.
  • The growing investments in the aviation internet of things (IoT) market is also expected to propel growth in the smart baggage handling solutions market size and share during the forecast period.
  • As per the smart baggage handling solutions industry analysis, the rapid adoption of beacon technology is one of the key smart baggage handling solutions market trends. 
  • Airport terminal beacon is a one-way interaction device that broadcasts information that can be used by various apps developed for staff and passengers. 
  • Airport terminal beacons can communicate with applications and browsers, enabling passengers to access any information related to baggage and flight status through the beacon application on their handheld device.
  • Apple's iBeacon helps BLE devices (smartphones and tablets) to capture and transmit signals and messages from beacons in the physical world and respond accordingly. 
  • These advancements in technology are expected to augment growth in the SBH solutions market in the coming years.

 

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Smart Baggage Handling Solutions Market: Segmentation 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 smart baggage handling solutions in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The exponential rise in the passenger traffic and superior in-flight connectivity networks are the prime factors that will facilitate the 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. 

Smart Baggage Handling Solutions Market: Segmentation by Product

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The high rate of manhandling of bags have proved crucial to the dominance of this segment in the global market. Also, smart baggage management refers to the tracking of bags using a range of RFID tags, global positioning system (GPS)-enabled devices, Wi-Fi, cellular baggage tags, and baggage tracking devices. Therefore, the growth of the market segment is expected to be significant throughout the forecast period.

However, the post COVID19 impact has brought forth a slowdown in the growth of the smart baggage and tracking devices segment for the service. 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 smart baggage handling solutions market size. 

 

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Smart Baggage Handling Solutions Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart baggage handling solutions market growth during the next five years
  • Precise estimation of the 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 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 smart baggage handling solutions market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • 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

      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 – Demand led growth
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive scenario
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ALSTEF Automation SA
      • BEUMER Group GmbH & Co. KG
      • Daifuku Co. Ltd.
      • Dimark Group Sp. zoo
      • Lenze SE
      • Lyngsoe Systems AS
      • MATREX SAS
      • Siemens AG
      • SITA
      • Vanderlande Industries BV

      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
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      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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      The smart baggage handling solutions market growth will increase by $3859.60 million during 2020-2025.
      The smart baggage handling solutions market is expected to grow at a CAGR of 10.85% during 2020-2025.
      Technavio has segmented the 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).
      ALSTEF Automation SA, BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Dimark Group Sp. zoo, Lenze SE, Lyngsoe Systems AS, MATREX SAS, Siemens AG, SITA, Vanderlande Industries BV are a few of the key vendors in the smart baggage handling solutions market.
      APAC will register the highest growth rate of 38.61% among the other regions. Therefore, the 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 smart baggage handling solutions market growth are:
      • Growing need for efficient baggage operations at airports and railways
      The smart baggage handling solutions market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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