Technavio present the current scenario and growth prospects of the global commercial airport baggage handling systems market for 2016-2020. The report provides a detailed segmentation and market share analysis by key regions such as the Americas, APAC, and EMEA. It also presents the competitive landscape and analysis of the key vendors in the market such as Daifuku, Glidepath, Pteris Global, and Siemens.
Technavio has released its new market research report, global commercial airport BHS market, which is expected to grow at a CAGR of more than 7% between 2016 and 2020. The airport terminal expansions and new airport construction projects worldwide is driving the growth of the market. APAC is the largest market for commercial airport BHS across the globe, accounting for around 35% of the total market share. 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.
“Of late the market is witnessing growing usage of RFID technology to overcome problems such as misplaced luggage, cumbersome security processes, and flight disruptions. 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,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
Several countries such as China, Turkey, and the UAE are currently undergoing multiple large airport construction projects. This has led to the growth of the airport BHS market. Also, growing air passenger traffic has led to increased demand to maintain efficient passenger baggage handling procedures. Also, various governments and private organizations are making huge investments in improving baggage handling capacities in an airport.
The key vendors in the global commercial airport baggage handling systems market are Daifuku, Glidepath, Pteris Global, and Siemens. The market is intensely competitive where the vendors are offering distinguished products and solution to survive.
A more detailed analysis is available in the Technavio report, Global Commercial Airport BHS Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Global Airport Passenger Screening Systems Market 2015-2019
- Global Air Traffic Control Equipment Market 2015-2019
- Global Commercial Aircraft Seating Market 2015-2019
Further readings:
