Global Airport Smart Baggage Handling Solutions Market 2021-2025
Technavio has been monitoring the airport smart baggage handling solutions market and it is poised to grow by $ 676.80 million during 2021-2025, progressing at a CAGR of over 5% during the forecast period. Our report on airport smart baggage handling solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the development of smart airports, increasing use of AI in SBH solutions, and expansion and growth in the number of airports. In addition, the development of smart airports is anticipated to boost the growth of the market as well.
The airport smart baggage handling solutions market analysis includes the product segment and geographic landscape.
Technavio's airport smart baggage handling solutions market is segmented as below:
- Smart baggage and tracking devices
- Smart baggage screening devices
By Geographical Landscape
- North America
- South America
This study identifies the emergence of hyper-personalization of connected devices as one of the prime reasons driving the airport smart baggage handling solutions market growth during the next few years. Also, the adoption of beacon technology and the emergence of robotic baggage handling systems will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on airport smart baggage handling solutions market covers the following areas:
- Airport smart baggage handling solutions market sizing
- Airport smart baggage handling solutions market forecast
- Airport smart baggage handling solutions market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading airport smart baggage handling solutions market vendors that include 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, and WFS Global SAS. Also, the airport smart baggage handling solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.