Airport Baggage Handling System Market

Airport Baggage Handling System Market worth $9.36 billion by 2020

According to the new market research report "Airport Baggage Handling System Market by Airport Class (A, B, C), Identification Technology (Barcode, RFID), Service (Self-Service, Assisted-Service), Type (Conveyors, Destination-Coded Vehicles), Efficiency, Geography - Global Forecast to 2020", This report studies the airport baggage handling system market during the forecast period from 2015 to 2020. It is projected to reach USD 9.36 billion by 2020, at a CAGR of 7.72% during the given forecast period. Factors such as the increase in air travel by people all over the world, modernization of airports, enhancement of airports’ efficiency and customer satisfaction, and improvement of aircraft turnaround time, and others, drive the airport baggage handling system market.

Browse 71 market data Tables and 75 Figures spread through 151 Pages and in-depth TOC on "Airport Baggage Handling System Market - Global Forecast to 2020"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/baggage-handling-systems-market-955.html

The RFID segment segment to grow at a higher CAGR in the airport baggage handling system market among all identification technology during the forecast period.

Based on identification technology, the RFID segment is estimated to lead the airport baggage handling system market during the forecast period. Radio Frequency-Identification technology (RFID) consists of a tag, which identifies and tracks the product via radio waves. These tags, on an average, can carry up to 2,000 bytes of data. RFID systems consist of three parts, namely, a scanning antenna; a transceiver with a decoder to interpret the data; and a transponder (RFID tag) that is pre-set with information.

The self-service bag check-in segment segment to grow at a higher CAGR in the airport baggage handling system market among all service type during the forecast period.

Based on service type, the self-service bag check-in segment is estimated to lead the airport baggage handling system market during the forecast period. Innovative self-service bag check-in solutions have been developed to enhance the passenger experience. The airport adopted the self-service bag check-in system in 2008 along with KLM airlines and since then, it has been following a successful trial period along with KLM. After the successful trial period, this airport implemented permanently this system. When an airport installs a self-service bag check-in system, a larger capacity for check-in is available to the passengers, thereby providing a higher operational efficiency at these airports.

The destination coded vehicles segment segment to grow at a higher CAGR in the airport baggage handling system market among all type during the forecast period.

Based on type, the destination coded vehicles segment is estimated to lead the airport baggage handling system market during the forecast period. Destination coded vehicles helps in moving the baggage quickly to its destination. Destinations coded vehicles have inbuilt tilt tray sorters. The DCVs are generally driven by linear induction motor and can travel up to five times faster than a conveyor system.

Asia-Pacific region shows the largest market share in airport baggage handling system during the forecast period

The Asia-Pacific region is expected to show a substantial growth at the highest CAGR during the forecast period, owing to the rise in construction of new airports and increasing passenger traffic in emerging economies, such as China and India. Latin America and Africa are also showing good growth prospects, and therefore, they could provide investment opportunities for the major market players in the next five years.

Siemens (Germany), Vanderlande Industries (Netherland), Daifuku Company (Japan), Pteris Global (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau (Germany), BCS Group (New Zealand), Logplan (U.S.), G&S Airport Conveyor (U.S.), and Fives Group (France), are some of the major players in the airport baggage handling system market.

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Report Code
AS 2565
Published ON
Sep, 2015
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