Monday, August 5, 2024
reading time: 2 minutes
A recent market research report titled “Airport Logistics Systems Market by Supply (Airport Baggage Handling Systems, Air Cargo Management Systems, Services), Technology (IoT, RFID, AI/ML/DL, Scanners & Detectors, Others), and Geography – Global Forecast to 2031” projects that the airport logistics systems market will grow significantly, reaching USD 9 billion by 2031 at a CAGR of 9.8% from 2024 to 2031. Airport logistics systems include a set of advanced processes and technologies designed to enhance the efficiency of airport operations, using RFID, bar coding, and advanced 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.
There are several factors 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 an increase in passenger traffic, necessitating advanced logistics solutions. Technological advancements in cargo security, safety, and transportation solutions are propelling the market growth, along with airport modernization to improve baggage handling systems. Additionally, trends such as focus on autonomous vehicles in the logistics sector, increasing adoption of the Internet of Things, and growing demand for digitization of air cargo are also contributing significantly to the market expansion.
The market segmentation includes offerings such as airport baggage handling systems, airline cargo management systems, and related services. In terms of technology, the market is segmented into IoT, AI/ML/Deep Learning, RFID, Big Data, Robotics, Automated Systems, Scanners & Detectors, and other technologies. Geographically, Asia Pacific is expected to account for the largest market share, at around 40% by 2024, driven by growing trade, rapid growth in industrial manufacturing, and cost-effective OEM manufacturing. The Asia Pacific Airlines Association (AAPA) notes that the growth of the air cargo market in Asia Pacific is largely driven by the sustained increase in global trade of consumer and intermediate goods. North America and Europe also account for significant market shares due to advanced technological infrastructure and high passenger traffic.
The leading companies in the global airport logistics systems market include Daifuku Co., Ltd. (Japan), Siemens AG (Germany), Vanderlande Industries BV (Netherlands), China International Marine Containers (Group) Co. Ltd. (Pteris Global) (China), Champ Cargosystems SA (Luxembourg), Beumer Group GmbH & Co. Kg (Germany), Unisys Corporation (US), IBS Software Services Private Limited (India), Kale Logistics Solutions (India), ALS Logistics Solutions (UAE), Lödige Industries GmbH (Germany), Honeywell International Inc. (US), IBM Corporation (US), Grenzebach Group (Germany), and Logplan LLC (US). The airport logistics systems market is expected to witness significant growth, driven by technological advancements and increasing demand for efficient airport operations. As globalization and international trade expand, the need for advanced logistics systems will become more important, ensuring a promising future for this market segment.
