Airport Baggage Handling System Market

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.

Don’t miss out on business opportunities in Airport Baggage Handling System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]