Baggage Handling Systems Market is Expected to Reach $2,417.5M in 2015, According to a New Study on ASDReports
The report, now available on ASDReports, Baggage handling systems form a key part of airport and airline operations, ensuring that bags are delivered to the correct flight and returned to their owners at the end of a journey. The market for baggage handling systems is expected to grow at moderate rates although this will vary on a regional basis. Driving the market is ongoing growth in air passenger numbers that is resulting in airports investing in new or expanded infrastructure to accommodate a higher capacity throughput. New terminal buildings require new baggage handling systems whilst extensions and upgrades can act as a catalyst for the installation of new cutting edge technologies in baggage handling equipment and systems. The global market is expected to reach $2,417.5m in 2015.
Other significant market drivers include automated solutions at the check-in process. Self-service and automated bag drop units are expected to enhance the passenger process by speeding up check-in and reducing queue times. This will allow airports to increase capacity and make optimum use of existing floor space without necessarily expanding terminal facilities. Other drivers will be found in smart solutions for comprehensive management systems to enable real-time monitoring and advance decision making by operators, as well greater accuracy and precision in baggage delivery and tracing. The market is relatively small compared to other commercial aviation sectors. However, it is a competitive market with a number of system and equipment OEMs and integrators. The Asia Pacific is anticipated to be the strongest performing region for baggage handling systems with high growth rates in commercial air transport and the subsequent investment in airport facilities. In North America and Europe, there are long term prospects focusing on airport upgrades and infrastructure projects.
Baggage Handling Systems Market Report 2015-2025
This 371 page report categorises the market into two submarkets that quantify prospects for key applications in baggage handling; hold baggage screening and integrated baggage handling equipment & systems (check-in, transportation, sorting & make-up, reclaim and baggage handling management systems). The report features 274 tables and figures examining the baggage handling systems market space. There is in-depth analysis of five regional markets and 11 leading companies in the baggage handling systems industry. The key player has also obtained an exclusive interview with the executive vice president of BagDrop Systems BV, a technology supplier and innovator for airport and passenger processing and security.
Source : ASDReports - Market Research - view original press release