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Redding, California - July 26, 2024

Airport Logistics Systems Market to be Worth $9 Billion by 2031

Airport Logistics Systems Market Size, Share, Forecast, & Trends Analysis 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 2031

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 2031.’

According to this latest publication from Meticulous Research^®, the global airport logistics systems market is projected to reach $9 billion by 2031, at a CAGR of 9.8% from 2024–2031. The growth of the airport logistics systems market is driven by several key factors such as globalization and robust international trade expansion, the emergence of low-cost airlines, advancements in freight security, safety, and transportation solutions, and the modernization of airports to enhance baggage handling systems. Additionally, the rapid growth of the e-commerce sector, integration of blockchain in freight management, and increasing adoption of cloud computing and big data analytics are anticipated to provide growth opportunities for companies operating in this market.

Furthermore, the rapid growth of the e-commerce sector, integration of blockchain in freight management, and increasing adoption of cloud and big data analytics are expected to offer significant opportunities for the airport logistics systems market. However, the growth of this market may face challenges such as rising air fuel prices and expenses, as well as increasing concerns regarding data security in management systems. Also, an increased focus on autonomous vehicles in the logistics sector, rising adoption of internet-of-things (IoT), and rising demand for air cargo digitization are trends for this market.

The global airport logistics systems market is segmented 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)), technology (IoT, AI/ML/DL, RFID, big data, robotics & automated systems, scanners & detectors, other technologies). The study also evaluates industry competitors and analyzes the market at the regional & 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 2024, the airport baggage handling systems segment is expected to account for the largest share of over 45% 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 airport baggage handling system serves the essential function of transporting baggage and ensuring each bag reaches its designated location within the airport. It supports various applications including load balancing, bag tracking, volume regulation, detection of bag jams, automatic tag reading (ATR), tilt tray sorters, vertical sortation units, and other critical tasks related to efficient baggage management.

However, the aviation cargo management systems segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the innovations in freight visibility technologies, the increasing adoption of advanced technologies to automate warehouse & 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 2024, the scanners & detectors segment is expected to account for the largest share of over 35% 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 airport logistics systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 40% of the global airport logistics systems market. The market growth in Asia-Pacific is driven by the growing goods trade, rapid growth in industrial manufacturing, and low-cost original equipment manufacturing. 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 record the highest CAGR of above 11.5% during the forecast period.

Key Players

The key players operating in the global airport logistics systems market are Daifuku Co., Ltd. (Japan), Siemens AG (Germany), Vanderlande Industries 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.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=4390

Key Questions Answered in the Report:

What are the high-growth market segments in terms of offering and technology?
What is the historical market size for the global airport logistics systems market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the global airport logistics systems market?
Who are the major players in the global airport logistics systems market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the global airport logistics systems market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the global airport logistics systems market, and how do they compete with other players?

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Redding, California - July 26, 2024

Airport Logistics Systems Market to be Worth $9 Billion by 2031

Airport Logistics Systems Market Size, Share, Forecast, & Trends Analysis 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 2031

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