PUBLISHER: The Business Research Company | PRODUCT CODE: 1484709
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484709
An airport logistics system is an integrated network comprised of processes, infrastructure, and technologies that collectively manage and coordinate the flow of passengers, cargo, aircraft, and resources throughout an airport. This system is crucial for enhancing operational efficiency, minimizing delays, strengthening safety and security, and ensuring a smooth and enjoyable experience for both passengers and cargo stakeholders. It achieves these objectives by optimizing the use of processes, infrastructure, and resources within the airport environment.
The primary types of airport logistics systems include baggage handling systems, cargo handling systems, and others. Baggage handling systems are automated setups deployed in airports to manage and transport passenger luggage efficiently. These systems utilize advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI) and machine learning, radio frequency identification (RFID), automation, and robotics. They are applied in various capacities including maintenance and support, integration and deployment, and consulting services to enhance operational effectiveness and streamline airport logistics.
The airport logistics system research report is one of a series of new reports from The Business Research Company that provides airport logistics system market statistics, including the airport logistics system industry's global market size, regional shares, competitors with an airport logistics system market share, detailed airport logistics system market segments, market trends and opportunities, and any further data you may need to thrive in the airport logistics system industry. This airport logistics system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The airport logistics system market size has grown rapidly in recent years. It will grow from $6.05 billion in 2023 to $6.66 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth observed in the historic period can be attributed to factors such as globalization and increased trade activities, regulatory changes, evolving customer expectations, and heightened environmental concerns.
The airport logistics system market size is expected to see rapid growth in the next few years. It will grow to $9.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth during the forecast period can be attributed to several key factors including the expansion of e-commerce, advancements in automation and robotics, the utilization of data analytics and AI, ongoing urbanization and population growth, and a focus on sustainability initiatives. Major trends expected to shape this period include the integration of the Internet of Things (IoT), the development of multi-modal transportation solutions, the establishment of collaborative logistics networks, and significant enhancements in security measures.
The rising number of air passengers is anticipated to catalyze the expansion of the airport logistics system market. Air passengers, who travel by aircraft for business, leisure, or personal reasons, are increasing due to factors such as economic growth, enhanced affordability, and broader global connectivity. Airport logistics systems, which are essential for managing cargo operations including freight handling, warehousing, customs clearance, and ground transportation, are vital in accommodating this surge. For example, in February 2023, the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, reported that the number of air passengers carried in 2022 rose by an estimated 47% compared to 2021, and revenue passenger kilometers increased by about 70% during the same timeframe. Hence, the growth in air passenger numbers is expected to significantly propel the development of the airport logistics system market.
Key players in the airport logistics system market are focusing on developing sophisticated aerospace services to optimize operational efficiency and enhance passenger experiences. These advanced services improve the reliability and efficiency of airport logistics through enhanced air traffic management, precise navigation, and advanced cargo handling technologies. For instance, in October 2023, Sterling Global Aviation Logistics, a US-based aviation logistics specialist, introduced a new aerospace logistics service aimed at expediting the delivery of crucial aircraft components. This service is managed by seasoned aerospace logistics experts and features a dedicated team of drivers and specialized vehicles designed to prioritize the early stages of transportation, thereby minimizing initial shipment risks.
In December 2022, Tratec Solutions, a Norway-based provider of bulk handling systems and baggage and parcel handling equipment, acquired Sensec Solutions AS for an undisclosed amount. This acquisition included the takeover of the control system BRAINS (baggage routing and information system) along with automated logistics and baggage management systems, reinforcing Tratec Solutions' capabilities in the sector. Sensec Solutions AS, also based in Norway, specializes in automated logistics and baggage handling systems.
Major companies operating in the airport logistics system market are Siemens Logistics GmbH, International Business Machines Corporation, Honeywell International Inc., BCS Group, CIMC-TianDa Airport Support Ltd., Babcock International Group PLC, Daifuku Co. Ltd., Swissport International AG, Vanderlande Industries BV, Fives Group, Unisys Corporation, SITA NV, Beumer Group GmbH & Co. KG, Grenzebach Group, Materna Information and Communications SE, ALSTEF Automation SA, Lodige Industries GmbH, Transnorm System GmbH, Glidepath Group, Logplan LLC
North America was the largest region in the airport logistics system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport logistics system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the airport logistics system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The airport logistics system market consists of revenues earned by entities by providing services such as advisory services, aircraft ground handling, and passenger assistance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The airport logistics system also includes sales of scanners, conveyors, check-in systems, and security screening systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Airport Logistics System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on airport logistics system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for airport logistics system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The airport logistics system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.