Global Airport Baggage Handling Systems Market - Segmented By Airport Capacity And Geography - Growth, Trends, And Forecast (2018 - 2023)
Airport terminal extensions and new terminal development ventures globally, owing to increased air passenger traffic are driving the airport baggage handling systems market. Recently developed and modernized air terminals have to be supplied with the interlinked baggage conveyor system, which is expected to drive the baggage handling systems market. With terrorist threats around the globe, airplane terminals have stepped up their luggage security. The security procedure is highly time-intensive and influences the general proficiency of baggage handling operations. The increasing number of air passengers coupled with existential security threats is expected to increase the demand for these systems.
Establishment of NEW Airports and the Expansion of Existing Projects is Expected to Drive the Market
The growth in middle-class population in the developing countries, such as China and India has increased the air passenger traffic, and this trend is expected to continue. To handle the growth in the air traffic, many airports in different parts of the world have been undergoing expansions creating demand for airport baggage handling systems. Airport expansion projects are underway across the world. All the countries that are part of Gulf Cooperation Council are in the midst of expanding their airports, as the region has few of the world’s busiest airports the growth in the air traffic will necessitate expansion of capacity to provide seamless travel experience. India under its regional connectivity scheme has envisaged developing the underserved and unserved airports to boost domestic air travel. The Heathrow airport in London, the busiest in the European continent is undergoing expansion. The construction of both Greenfield and Brownfield airports is expected to drive the demand for such systems.
Asia-Pacific Region is the Fastest Growing Market for Airport Passenger Screening Systems
Asia-Pacific is the fastest growing market for baggage handling systems, and its market share is set to increase during the forecast period. The market growth in the region would be backed by rising traffic and improving infrastructure, especially in emerging economies, such as India, China, and Indonesia. Africa is currently a small region for the market, but is expected to post high-growth rate post 2020, as the region would emerge as an important aviation hub in future.Major Players: SIEMENS, VANDERLANDE INDUSTRIES, G&S AIRPORT CONVEYOR, DAIFUKU AND GLIDEPATH amongst others.