Global Airport Baggage Handling System Growth Opportunities

Description

Strategic Partnering to Address Baggage Handling Systems in APAC' Greenfield Airports

In 2022, airport baggage handling systems generated a revenue of $4.52 billion; this number is set to grow at a CAGR of 5.5% and reach $7.72 billion by 2032. This research analytics covers two segments: baggage handling and baggage management, with baggage handling accounting for 87.2% of the market share. Digital transformation of major airports and airlines working toward reducing capital loss from mishandled baggage will improve the uptake of baggage management. APAC will experience the highest growth rate because of the opening of hundreds of new airports in China and India.

The development of new airport infrastructure, including terminal buildings, will drive the demand for new baggage handling systems. In Europe and North America, the demand for baggage handling systems will primarily come from the upgrade of existing systems. In the Middle East, the government's focus on developing the aviation industry will foster the growth of new airports and timely updates of airport infrastructure. Latin America and Africa have higher potential for growth in the aviation industry but lack investment and government support. Sustainability will continue to drive product innovation in airport baggage handling systems. Baggage handling companies are conducting trials at airports and partnering with technology start-ups to explore how robotics and artificial intelligence can improve process efficiency and reduce energy consumption. The enhancement of digitalization at airports makes them more prone to cybersecurity attacks. Baggage handling companies are analyzing digital twin technology to mitigate the risk of cybersecurity threats. With the IATA 753 resolution, start-ups have mushroomed in the baggage management space; these new participants' systems focus on not only improving the tracing and tracking of baggage but also reducing the rate of baggage mishandling. During the forecast period, baggage handling system suppliers will collaborate with start-ups to offer more bundled packages to airports.

Product Code: PE8E-57

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Airport Baggage Handling System Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
Segmentation
Segmentation by Region
Flow Chart of Airport Baggage Handling System
Flow Chart of Airport Baggage Management System
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Application
Revenue Forecast by Region
Revenue Forecast Analysis
Pricing Trends Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Capacity Constraint Led to Increase in Mishandled Baggage Rate
Usage of Technology Leads to Increase in Cyber Attacks
New Product Innovation to Enhance Sustainability in Baggage Handling
Implementing Lean Six Sigma Can Reduce Baggage Mishandling Rate
Baggage Handling System Contracts-Europe & North America: 2021-2022
Baggage Handling System Contracts-Asia-Pacific: 2021-2022

Growth Opportunity Analysis: Asia-Pacific

Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Application
Forecast Analysis

Growth Opportunity Analysis: Europe

Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Application
Forecast Analysis

Growth Opportunity Analysis: Latin America

Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Application
Forecast Analysis

Growth Opportunity Analysis: Middle East & Africa

Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Application
Forecast Analysis

Growth Opportunity Analysis: North America

Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Application
Forecast Analysis

Growth Opportunity Universe

Growth Opportunity 1: Outsourcing Manufacturing and Assembling
Growth Opportunity 2: Collaboration with Start-ups
Growth Opportunity 3: Partnership with Vertiport Developers

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