Monday, August 5, 2024
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A recent market 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” predicts that the airport logistics systems market will achieve significant growth, reaching $9 billion by 2031 with a CAGR of 9.8% from 2024 to 2031. Airport logistics systems involve a range of processes and advanced technologies designed to enhance the efficiency of airport operations, utilizing RFID, barcoding, and sophisticated software to improve efficiency, security, and passenger experience. These systems are integral to various airport functions, including baggage handling, flight scheduling, passenger check-in, security screening, air traffic control, ground handling, and facility maintenance.
Several factors are driving the anticipated growth of the global airport logistics systems market. Globalization and robust international trade are increasing the demand for efficient airport logistics systems, while the rise of low-cost airlines has led to a surge in passenger traffic, necessitating advanced logistics solutions. Technological advancements in freight security, safety, and transportation solutions further propel market growth, alongside the modernization of airports to enhance baggage handling systems. Additionally, trends such as the focus on autonomous vehicles in the logistics sector, increased adoption of IoT, and rising demand for air cargo digitization are significantly contributing to the market’s expansion.
The market segmentation includes offerings like airport baggage handling systems, aviation cargo management systems, and related services. In terms of technology, the market is divided into IoT, AI/ML/DL, RFID, big data, robotics & automated systems, scanners & detectors, and other technologies. Geographically, Asia-Pacific is expected to hold the largest market share, approximately 40% by 2024, driven by growing trade, rapid industrial manufacturing growth, and cost-effective original equipment manufacturing. The Association of Asia Pacific Airlines (AAPA) notes that the air cargo market’s growth in APAC is largely due to a sustained increase in global trade for consumer and intermediate goods. North America and Europe also represent significant market shares due to advanced technological infrastructure and high passenger traffic.
Prominent players in the global airport logistics systems market include 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. (Luxembourg), 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.). The airport logistics systems market is poised for significant growth, driven by technological advancements and the increasing demand for efficient airport operations. As globalization and international trade expand, the need for advanced logistics systems will become even more critical, ensuring a promising future for this market segment.
