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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Airport Baggage Handling System Markets, 2021-2026: Innovation in Robotics and IT Software & Increasing Modernization of Airport - ResearchAndMarkets.com

September 9, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Sep 9, 2021--

The “Global Airport Baggage Handling System Market Report 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The Global Airport Baggage Handling System Market is estimated to be worth USD 10.5 Billion in 2021 and is expected to reach USD 17.22 Billion by 2026, growing at a CAGR of 10.4%.

Market Dynamics

The factors such as increasing air passenger volume and cargo traffic, low airfares, rising disposable income, the scope of multimode transport, and rising tourism industry have prompted the demand for airport baggage handling systems.

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In addition, increased uses of technology advancement to increase the efficiency of the operation and the growing trend of self-service baggage process further drive market growth.

The airport operation looks to avoid flight delays and reduce customer waiting time to improve customer satisfaction. The Government and private investment to upgrade the baggage handling system pave the way for several growth opportunities for the market.

However, the high investment cost of the airport and high maintenance cost is hampering the market growth. In addition, security risk and system failure are significant challenges of the market.

New innovations in the robotics and airport operation system and new aviation infrastructure are expected to generate untapped market participants.

Company Profiles

Some of the companies covered in this report are Siemens AG, SITA, Vanderlande Industries B.V., and Beumer Group GmbH & Co. KG

Recent Developments

. Key Topics Covered:

1 Report Description

1.1 Study Objectives

1.2 Market Definition

1.3 Currency

1.4 Years Considered

1.5 Language

1.6 Key Shareholders

2 Research Methodology

2.1 Research Process

2.2 Data Collection and Validation

2.3 Market Size Estimation

2.4 Assumptions of the Study

2.5 Limitations of the Study

3 Executive Summary

4 Market Overview

4.1 Introduction

4.2 Market Dynamics

4.2.1 Drivers

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4.2.1.1 Increasing Modernization of Airport

4.2.1.2 Upsurge In Number of Air Passengers and Tourism Industry

4.2.2 Restraints

4.2.2.1 High Invest Cost and Maintenance Cost

4.2.2.2 Technical Skilled Person Required

4.2.3 Opportunities

4.2.3.1 Innovation in Robotics and IT Software

4.2.3.2 Government and Private Investment in New Airports or Terminal Expansions

4.2.4 Challenges

4.2.4.1 Security Risk and System Failure

4.3 Trends

5 Market Analysis

5.1 Porter’s Five Forces Analysis

5.2 Impact of COVID-19

5.3 Ansoff Matrix Analysis

6 Global Airport Baggage Handling System Market, By Type

6.1 Introduction

6.2 Conveyors

6.3 Destination-Coded Vehicles

7 Global Airport Baggage Handling System Market, By Service

7.1 Introduction

7.2 Assisted-Service

7.3 Self-Service

8 Global Airport Baggage Handling System Market, By Identification Technology

8.1 Introduction

8.2 Barcode

8.3 RFID (Radio Frequency Identification)

9 Global Airport Baggage Handling System Market, By Geography

9.1 Introduction

10 Competitive Landscape

10.1 Competitive Quadrant

10.2 Market Share Analysis

10.3 Competitive Scenario

10.3.1 Mergers & Acquisitions

10.3.2 Agreement, Collaborations, & Partnerships

10.3.3 New Product Launches & Enhancements

10.3.4 Investments & Funding

11 Company Profiles

11.1 Absolute GSE, Inc.

11.2 Ansir Systems

11.3 Aversan Inc.

11.4 Babcock Airports Ltd.

11.5 BCS Group

11.6 Beumer Group GmbH & Co. KG

11.7 Cage Inc.

11.8 Conveyor & Automation Technologies, Inc.

11.9 Crisplant

11.10 Daifuku Co., Ltd.

11.11 G&S Airport Conveyor

11.12 Glidepath Group

11.13 Grenzebach Maschinenbau GmbH

11.14 KieTek International, Inc.

11.15 Logplan LLC.

11.16 Omega Aviation Services, Inc.

11.17 Pteris Global Limited

11.18 Siemens AG

11.19 SITA

11.20 Vanderlande Industries B.V.

For more information about this report visit https://www.researchandmarkets.com/r/hlmxl7

View source version on businesswire.com:https://www.businesswire.com/news/home/20210909005992/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY OTHER TRAVEL TRANSPORTATION SOFTWARE TRAVEL

SOURCE: Research and Markets

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PUB: 09/09/2021 02:29 PM/DISC: 09/09/2021 02:29 PM

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