DUBLIN--(BUSINESS WIRE)--The "Global Airport Baggage Handling System Market Report 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The Global Airport Baggage Handling System Market is estimated to be worth USD 10.5 Billion in 2021 and is expected to reach USD 17.22 Billion by 2026, growing at a CAGR of 10.4%.
The factors such as increasing air passenger volume and cargo traffic, low airfares, rising disposable income, the scope of multimode transport, and rising tourism industry have prompted the demand for airport baggage handling systems.
In addition, increased uses of technology advancement to increase the efficiency of the operation and the growing trend of self-service baggage process further drive market growth.
The airport operation looks to avoid flight delays and reduce customer waiting time to improve customer satisfaction. The Government and private investment to upgrade the baggage handling system pave the way for several growth opportunities for the market.
However, the high investment cost of the airport and high maintenance cost is hampering the market growth. In addition, security risk and system failure are significant challenges of the market.
New innovations in the robotics and airport operation system and new aviation infrastructure are expected to generate untapped market participants.
Some of the companies covered in this report are Siemens AG, SITA, Vanderlande Industries B.V., and Beumer Group GmbH & Co. KG
- Siemens has launched the SINAMICS G115D, a drive system specifically designed for horizontal conveyor applications. - 21st April 2021.
- Siemens Logistics completes baggage handling system enhancement at Bergamo Airport, increasing baggage handling capacity by more than 50%- 13th April 2021.
- BEUMER Group partners with the start-up company Codept is a cloud-based logistic platform for e-commerce. - 13th April 2021.
.Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.4 Years Considered
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.2 Market Dynamics
184.108.40.206 Increasing Modernization of Airport
220.127.116.11 Upsurge In Number of Air Passengers and Tourism Industry
18.104.22.168 High Invest Cost and Maintenance Cost
22.214.171.124 Technical Skilled Person Required
126.96.36.199 Innovation in Robotics and IT Software
188.8.131.52 Government and Private Investment in New Airports or Terminal Expansions
184.108.40.206 Security Risk and System Failure
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Airport Baggage Handling System Market, By Type
6.3 Destination-Coded Vehicles
7 Global Airport Baggage Handling System Market, By Service
8 Global Airport Baggage Handling System Market, By Identification Technology
8.3 RFID (Radio Frequency Identification)
9 Global Airport Baggage Handling System Market, By Geography
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Agreement, Collaborations, & Partnerships
10.3.3 New Product Launches & Enhancements
10.3.4 Investments & Funding
11 Company Profiles
11.1 Absolute GSE, Inc.
11.2 Ansir Systems
11.3 Aversan Inc.
11.4 Babcock Airports Ltd.
11.5 BCS Group
11.6 Beumer Group GmbH & Co. KG
11.7 Cage Inc.
11.8 Conveyor & Automation Technologies, Inc.
11.10 Daifuku Co., Ltd.
11.11 G&S Airport Conveyor
11.12 Glidepath Group
11.13 Grenzebach Maschinenbau GmbH
11.14 KieTek International, Inc.
11.15 Logplan LLC.
11.16 Omega Aviation Services, Inc.
11.17 Pteris Global Limited
11.18 Siemens AG
11.20 Vanderlande Industries B.V.
For more information about this report visit https://www.researchandmarkets.com/r/hlmxl7