Global Airport Baggage Handling System Market was valued US$ 7.94 Bn in 2017 and is expected to reach US$ 14.65 Bn by 2026, at a CAGR of 7.96% during a forecast period.
The baggage handling system is a type of conveyor system i.e. present at airports.
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It is used to shift checked luggage from the ticket counters to the place where baggage can be loaded to airplanes. The main function of baggage handling system at airports is to transport baggage and to confirm that a bag gets to the correct location at the airport.
The increasing passenger traffic in developing regions as well as growing security concerns owing to growth in terrorist attacks along with improving aircraft turnaround time shall drive the airport baggage handling system in the upcoming years. Moreover, modernization of airports and technological advancements propel the market growth. However, high initial and maintenance cost of baggage handling system and unfavorable consequences of system failure impede the market growth. On the other hand, implementation of robotics at airports would create new opportunities for the market.
Class A airports segment created nearly half of the total market revenue in 2017, owing to the high preference for this class. This segment would maintain its prime position during the forecast period. However, Class B airports segment would register the highest CAGR during forecast period owing to increase in the number of domestic airports.
Barcode technology segment is highest market share during forecast period owing to their widespread implementation worldwide. However, RFID technology segment would grow at the highest CAGR during forecast period owing to its high baggage tracking accuracy and technological advancements in this technology.
North America accounted for the largest market share during forecast period owing to a large number of airports in the region and modernization of existing airports. The Asia Pacific is projected to register incredible growth due to growing air passenger traffic and rapidly evolving public transportation scenario in China, India, and Southeast Asia.
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