Airport Smart Baggage Handling Solutions Market in the Airport Services Industry to Grow by USD 676.80 million|Technavio

NEW YORK, July 6, 2021 /PRNewswire/ — The airport smart baggage handling solutions market is expected to grow by USD…

NEW YORK, July 6, 2021 /PRNewswire/ — The airport smart baggage handling solutions market is expected to grow by USD 676.80 million, progressing at a CAGR of over 5% during the forecast period.

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The airport smart baggage handling solutions market in the airport services industry is driven by factors such as the development of smart airports, the increasing use of AI in SBH solutions, and the expansion and growth in the number of airports is one of the major factors propelling the market growth. However, factors such as the high cost associated with SBH solutions, the scarcity of skilled resources to operate these advanced systems, and the issues related to the management of data and its security will hamper the market growth.

Airport Smart Baggage Handling Solutions Market: Product Landscape

Based on the market segmentation by product, the smart baggage and tracking devices segment generated maximum revenue in 2020. The growing need for trackable luggage has created the scope for new start-ups and established companies to develop smart luggage which will drive the airport smart baggage handling market during the forecast period. The growth of the segment will be significant over the forecast period.

Airport Smart Baggage Handling Solutions Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 39% of the market’s overall growth is expected to originate from APAC. The growing passenger traffic and airport upgrades will facilitate the airport smart baggage handling solutions market growth in APAC. China and Japan are the key markets for Airport Smart Baggage Handling Solutions in APAC.

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Companies Covered:

  • 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

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Related Reports on Industrials Include:

Global Airport Ground Support Equipment Market–  The airport ground support equipment (GSE) market is segmented by type (powered airport GSE and non-powered airport GSE) and geography (North America, Europe, APAC, South America, and MEA).

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Global Airport Handling Services Market– The airport handling services market is segmented by service (GSHS and CHS) and geography (APAC, North America, Europe, MEA, and South America).

Download FREE Sample Report

Key Topics Covered:

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

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