Adoption of systems with enhanced accuracy for baggage tracking and baggage handling, upgrading and modernization of existing airports, and surge in the volume of air travelers and number of airports are estimated to drive global smart baggage handling system market. The smart baggage handling system market is benefiting from the development of new airports in developing countries. These systems are integrated with cutting-edge technology. The implementation of these technologies allows for easy tracking and processing of a huge volume of baggage, which is crucial given the expansion of regional air traffic.
Some of the key players in the global smart baggage handling system market comprise Scarabee Systems & Technology B.V., Beumer Group, Alstef Automation S.A., Pteris Global Limited, Daifuku Web Siemens Group, and Fives Group.
In the next few years, the smart baggage handling system is expected to be in great demand. At the moment, the market is fairly consolidated. However, the industry participants are fiercely competitive, eager to achieve traction in the smart baggage handling system market. With the introduction of new, small-scale businesses in the next years, market competition is anticipated to intensify.
North America is Estimated to Emerge as a Significant Region due to the Presence of Several Airports
In terms of region, the global Smart Baggage Handling System market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.
Due to considerable increase in the development of new airports in the last few years, North America has become a crucial location for smart baggage handling systems. Over the forecast period, from 2017 to 2025, the North American smart baggage handling system market is expected to grow at a staggering pace. The US now contributes towards a considerable chunk of the revenue for the North America market, and the trend is likely to continue over the forecast period as well. The US government has also made considerable investment to improve airport infrastructure. This comprises the setup of high-capacity automatic baggage handling systems to meet the need for high volumes of luggage of various sizes. Air carriers along with airport authorities in North America are working together to introduce innovative baggage handling technologies. For example, Delta Airlines made an investment of around US$ 442.3 Bn in May 2017 to add facial recognition to the self-service baggage drop system at Atlanta International Airports.
Due to an increase in the number of air travelers and airports, Asia Pacific emerged as a major region for smart baggage handling systems in 2016. This trend is likely to continue in the forthcoming years.
Rising Number of Air Travelers and Airport Modernization to Support Growth of the Market
Market participants have reported increased customer satisfaction as a result of the smart luggage handling technologies. Smart baggage handling systems give airport support personnel turn-around times and real-time data. This technique is founded on the fundamental notion of minimizing baggage delay, misplacement, and damage. As a consequence, the smart baggage handling system industry is expanding.
The market is also driven by rising air passengers, increasing airports, and airport modernization. Furthermore, with the increasing disposable income of people, there is a greater demand for luggage management and baggage tracking systems. These are a few of the major growth factors in the global smart luggage system market.
According to the Société Internationale de Télécommunications Aéronautiques, SITA, an improvement in automation resulting from the increased usage of conveyor systems reduced luggage mishandling in 2018 as compared to 2017. The increasing number of international as well as domestic travelers in the airline and maritime sectors has aided the manufacturers in finding methods to improve existing baggage handling technology. It has resulted in automated sorting.
The information shared in this review is based on a TMR report, bearing the title, “Smart Baggage Handling System Market (Type of Transport - Airport and Railway Station; Technology - Barcode system and Radio Frequency Identification; Solution - Sorting, Conveying, Tracking and Tracing, and Diverting) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”
The global smart baggage handling system market is segmented based on:
Type of Transport
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