Airport Logistics Systems Market By Product (Sorting Devices, Scanners, Conveyors, Destination Coded Vehicles, Freight Information Systems), Service (Maintenance And Support, Integration And Deployment, Consulting), And Geography–Global Forecast To 2025.
According to this latest
publication from Meticulous Research®, the Global Airport Logistics Systems Market is projected to reach USD 14.14 billion in 2025 from USD 7.1
billion in 2018, growing at a CAGR of 10.3%. The growth of this market will be
driven by factors such as globalization and strong growth in international
trade; advancements in freight security, safety, and transportation solutions;
entry of low cost airlines; and growth in communication technologies and
Internet of Things (IoT). On the other hand, lack of integration and evolution
of small players in the market are expected to be the key challenges of the
market.
The global airport logistics
systems market study presents historical market data in terms of values (2016
and 2017), estimated current data (2018), and forecasts for 2025- by product
(sorting devices, scanners, conveyors, destination coded vehicles, freight
information systems), service (maintenance and support, integration and
deployment, consulting). The study also evaluates industry competitors and
analyzes the market at a regional and country level.
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On the basis of product, the
global airport logistics market is segmented into airport baggage handling
systems and air cargo management systems broadly. Airport baggage handling
systems segment are further segmented into sorting devices, scanners,
conveyors, and destination coded vehicles. Sorting devices hold the largest
share of the airport baggage handling systems market. However, conveyors are
expected to grow at the fastest growth rate owing to increasing airport
passengers, automation in the conveyor belt technologies, modernization of
airports, and rising digitization. Air cargo management systems are further
segmented into warehouse and operation management systems, freight information
systems, and aviation cargo screening systems. The warehouse and operation
management systems segment accounted for the largest share of the air cargo
management systems market, whereas freight information systems will witness
fastest growth during the forecast period owing to the advancements in IT
solutions.
The key players operating in the
global airport logistics systems market are Siemens AG, Vanderlande industries,
Daifuku, CHAMP Cargo systems, Beumer Group, Unisys Corporation, IBS Software
Solutions, CIMC Group, Kale Logistics Solutions, and ALS Logistics Solutions
among others.
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About Meticulous Research®
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limited company under the Companies Act, 1956. Since its incorporation, the
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America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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