The Airport Logistics Systems Market is projected to reach $8.2 billion by 2030, at a CAGR of 9.3% from 2023 to 2030. The growth of the airport logistics systems market is attributed to globalization and strong growth in international trade, 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 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.
Advancements in Freight Security, Safety, and Transportation Solutions Drive the Growth of the Global Airport Logistics Systems Market
Regular testing and security audits have been the permanent parts of the air freight industry. Security in the air freight industry is changing, and individual components are being constantly monitored for vulnerabilities. For freight security, airports are leveraging various technologies such as IoT, AI, ML, biometrics, robotics, and drones to enhance safety and efficiency. This offers transparent and tamper-proof records of freight movement, enhancing traceability and security. Integration of these technologies in airport logistics strengthens freight security and helps streamline operations, minimize risks, and maintain the integrity of the cargo throughout its journey.
With the increasing usage of the Internet of Things (IoT) and cloud computing for the transmission of data, warehouse and logistics management solutions are enhanced to provide high security for the transportation of goods and services. This system and the corresponding software are able to prevent cyber-attacks much more effectively. Cyber threats can be effectively recognized, monitored, and rectified through these technological advancements. Moreover, the government regulations on air freight also made the air cargo with better security. These advancements in the safety and security of the goods are expected to drive the growth of the airport logistics systems market.
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Key Findings in the Airport Logistics Systems Market Study:
In 2023, the Airport Baggage Handling Systems Segment is Expected to Dominate the Global Airport Logistics Systems Market
Based on offering, in 2023, the airport baggage handling systems segment is expected to account for the largest share of the global airport logistics systems market. In 2023, the hardware 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.
The AI/ML/DL Segment to Register the Highest CAGR During the Forecast Period
Based on technology, 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. AI technology in airport logistics systems to automate and optimize various airport processes such as baggage handling and security screening.
In 2023, Asia-Pacific is Expected to Dominate the Global Airport Logistics Systems Market
Based on geography, 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. The government of China is highly investing in airport equipment, airport expansion, and the construction of new airports. For instance, in February 2023, COSCO SHIPPING LINES CO., LTD. (China) opened a sea and air logistics center in the economic zone of Guangzhou Airport (China).
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the global airport logistics systems market study 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.).
Scope of the Report:
Airport Logistics Systems Market Assessment, by Offering
- Airport Baggage Handling Systems
- Check-in Systems
- Conveyors
- Scanner Systems
- Security Screening
- Sorting Systems
- Early Baggage Storage
- Baggage Transport Systems
- Baggage Reclaim Carousels
- Other Airport Baggage Handling Systems
- Aviation Cargo Management Systems
- Warehouse and Operational Management Systems
- Freight Information Systems
- Aviation Cargo Screening Systems
- Cargo Sales and Reservation Management Systems
- Other Aviation Cargo Management Systems
- Services
- Support and Maintenance
- System Integration and Deployment
- Consulting
Airport Logistics Systems Market Assessment, by Technology
- IoT
- AI/ML/DL
- RFID
- Big Data
- Robotics & Automated Systems
- Scanners & Detectors
- Other Technologies
Airport Logistics Systems Market Assessment, by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Key questions answered in the report: