Global Commercial Airport Baggage Handling Systems Market 2016-2020
Market overview of airport baggage handling system
Technavios market research analyst predicts the global commercial airport baggage handling systems market to grow at a CAGR of around 8% between 2016 and 2020. The airport terminal expansions and new airport construction projects worldwide is driving the growth of the market. For instance, countries such as China, Turkey, and the UAE are currently undergoing multiple large airport construction projects. Moreover, major airports such as the Hartfield-Jackson Atlanta International Airport in the US handle a large number of passengers on a daily basis and are anticipated to spend million on improved baggage handling systems.
The growing usage of RFID technology in baggage handling is also expected to fuel the market growth during the forecast period. For instance, companies such as SITA have implemented global IP-based networks for efficient baggage handling. The baggage management process uses barcoding and RFID tagging to manage the flow of the baggage between different aircraft and airports during the journey. The use of such technology helps in reduction of operational costs and can track, trace, manage, and predict the flow of bags between and within airports.
Geographical segmentation of the commercial airport baggage handling systems market
APAC has been the largest market for commercial airport baggage handling systems. The region accounted for nearly 35% of the market shares during 2015. It is estimated that almost 50% of the global air passenger traffic over the next 20 years will originate from APAC. The growth in air traffic and the construction and modernization of new airports in this region is driving the growth of the market.
Competitive landscape and key vendors
Daifuku, a key vendor, provides baggage handling conveyors, explosion detection systems, in-line baggage screening conveyors, tilt tray sorter systems, horizontal merge conveyors, flat and in-line plate baggage carousels as well as a comprehensive baggage handling control systems for the customers in the global aviation industry. The company profiles of other key vendors are also included in this report.
The leading vendors of the market are -
The other prominent vendors of the market include BCS Group, Beumer Group, Fives Group, G&S Airport Conveyer, Grenzebach Maschinenbau, and Logplan.
Key questions answered in the report
What are the key factors driving the commercial airport baggage handling system market in the aviation industry
What are the key market trends impacting the growth of the commercial airport baggage handling system market in the aviation industry
What are the various opportunities and threats faced by the commercial airport baggage handling system market in the aviation industry
Trending factors influencing the market shares for EMEA, APAC, and the Americas
A key outcome of the five forces analysis on the commercial airport baggage handling system market in the aviation industry
Growth forecast of the commercial airport baggage handling system market in the aviation industry until 2020
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Commenting on the report, an analyst from Technavios team said: a rise in virtual schools in the education system may help the market overcome the problems. Virtual schools are facing conducive growth because of the advanced technologies and infrastructure available globally. As such the software will find greater scope for growth on a global scale. Cloud-based software solutions will further help in penetrating the global market.
According to the report, increased adoption of synchronous e-learning in educational institutions has significantly influenced the growth of the market. The software is likely to penetrate the education sector as many educational institutions are deploying it to improve the quality and effectiveness of e-learning. Apart from this, the rising need for controlled lecture sessions through the software has changed the scenario of classrooms.
Further, the report states that market growth may be hampered because of the cost associated with the set-up and installation of the software in classrooms. Educational institutions are finding great difficulty in managing budgets to avail the services of the software. The costs include training for teachers and IT staff, which acts as an additional burden but a necessity for the schools and colleges.
Daifuku, Glidepath, Pteris Global, Siemens, Vanderlande Industries, BCS Group, Beumer Group, Fives Group, G&S Airport Conveyer, Grenzebach Maschinenbau, Logplan.