Global Airport Baggage Handling System Market 2021-2028 Trends, Growth, Opportunity and Forecasts By Stratistics MRC
2021 - 2028 Global Airport Baggage Handling System Market
The Global Airport Baggage Handling System Market is accounted for $10.64 billion in 2021 and is expected to reach $16.76 billion by 2028 growing at a CAGR of 6.7% during the forecast period. 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 airplanes 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 other technologies to make the process much easier in a long run. The radio frequency identification (RFID) system segment is growing at the highest CAGR in the market due to the cost-effectiveness and reliability of the technology in improving the airport baggage handling process. North America is projected to hold the largest share in the market, due to factors such as the thriving aerospace industry, high R&D investments, infrastructure advancements as well as technological developments. The Asia Pacific is projected to have the highest CAGR due to the rise in air traffic and growth in the number of new airport construction projects in emerging countries such as India and China.
Some of the key players profiled in the Airport Baggage Handling System Market include Logplan, Glidepath Group, Ansir Systems, Babcock International Group, SITA, Vanderlande, Daifuku Company, Pteris Global, Beumer Group, Fives Group, G&S Airport Conveyer, Grenzebach Maschinenbau, BCS Group, and Siemens.
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