Meticulous Research®—a leading global market research company, published a research report titled, ‘Airport Logistics Systems Market by Offering (Airport Baggage Handling Systems, Aviation Cargo Management Systems, Services), Technology (IoT, RFID, AI/ML/DL, Scanners & Detectors, Others), and Geography - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the global airport logistics systems market is projected to reach $8.2 billion by 2030, at a CAGR of 9.3% during the forecast period.The growth of the airport logistics systems market is attributed to globalization and strong growth in international trade, entry of low-cost airlines, advancements in freight security, safety, and transportation solutions, and modernization of airports to strengthen baggage handling systems. However, the lack of standardization and high installation costs restrain the market’s growth.
Moreover, the rapid growth of the e-commerce sector, integration of blockchain in freight management, and increasing adoption of cloud and big data analytics offer significant opportunities for the growth of the global airport logistics systems market. However, increasing air fuel prices and expenses and increasing security issues with respect to data management may hinder the market's growth. Also, the increased focus on autonomous vehicles in the logistics sector, increasing adoption of the Internet of Things (IoT), and rising demand for air cargo digitization are trends for this market.
Meticulous Research® has segmented this market based on product, service, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, the global airport logistics systems market is segmented into airport baggage handling systems, aviation cargo management systems, and services. In 2023, the airport baggage handling systems segment is expected to account for the largest share of the global airport logistics systems market. The large market share of this segment is attributed to the increasing passenger traffic and increasing integration of RFID technology for baggage tracking, automation in the conveyor belt technologies, modernization of airports, and rising digitization, system control, and IT solutions. The baggage handling system at airports is used to transport baggage and ensure that a bag gets to the correct location at the airport. Also, it is used for various applications such as load balancing, bag tracking, volume regulation, detection of bag jams, automatic tag reader (ATR), tilt tray sorters, vertical sortation units, and other applications.
However, the aviation cargo management systems segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the innovations in freight visibility technologies and the increasing adoption of advanced technologies to automate warehouse and operational management systems and reduce operational costs.
Based on technology, the global airport logistics systems market is segmented into IoT, AI/ML/DL, RFID, big data, robotics & automated systems, scanners & detectors, and other technologies. In 2023, the scanners & detectors segment is expected to account for the largest share of the global airport logistics systems market. The large market share of this segment is attributed to the increasing security concerns, an increasing number of airline passengers, and a rising need for enhanced operational efficiency at airports. X-ray scanners are used for screening baggage, cargo containers, and freight to ensure the safety of transported goods. The RFID scanners are also used for tracking and managing luggage, packages, and other items through automated systems.
However, the AI/ML/DL segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the substantial investments in AI & ML technologies and increasing demand for technologically advanced integrated airport facilities to enhance operational efficiency, passenger experience, security, and overall performance.
Based on geography, the global airport logistics systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global airport logistics systems market. Factors such as growing goods trade, rapid growth in industrial manufacturing, and low-cost original equipment manufacturing are expected to drive the growth of the airport logistics systems market in this region. In the coming years, due to the rapid increase in industrialization in the APAC countries, this region is expected to witness optimistic growth. According to the Association of Asia Pacific Airlines (AAPA), the APAC air cargo increase for airlines is mainly due to a sustained increase in the global trade for consumer and intermediate goods. Besides, business digitization, the way one conducts business with suppliers as well as with other supply chain partners, and international trade from APAC countries to western countries and Latin American countries also support the growing air freight in the APAC region. Moreover, this region is also projected to register the highest CAGR during the forecast period.
The key players operating in the global airport logistics systems market are Daifuku Co., Ltd. (Japan), Siemens AG (Germany), Vanderlande Industries Holding B.V. (Netherlands), China International Marine Containers (Group) Co. Ltd. (Pteris Global) (China), Champ Cargosystems S.A. (A Subsidiary of SITA) (Luxemburg), Beumer Group GmbH & Co. Kg (Germany), Unisys Corporation (U.S.), IBS Software Services Private Limited (India), Kale Logistics Solutions (India), ALS Logistics Solutions (UAE), Lödige Industries GmbH (Germany), Honeywell International Inc. (U.S.), IBM Corporation (U.S.), Grenzebach Group (Germany), and Logplan LLC (U.S.).
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