Airport Logistics Systems Market Size is valued at USD 4.00 Billion in 2022 and is predicted to reach USD 9.11 Billion by the year 2031 at a 9.85% CAGR during the forecast period for 2023-2031.
Airport logistics entails organizing and overseeing the airport's resources and data that benefit the airport's clients. All airport users, including passengers, cargo service users, airlines, restaurants, shops, and others, are considered "customers" in this analysis. Airports play a significant role in the air transport system, which typically involves the conveyance of passengers, their bags, freight, and mail via aircraft. By analyzing and enhancing processes in each component of the airport's integrated logistics system, logistics aims to coordinate all operations, not just those at airports. Furthermore, Government rules on air freight have also improved air freight security. It is anticipated that these developments in product security will propel the expansion of the airport logistics systems industry.
However, the market growth is hampered by the high-cost criteria for the safety and health of the airport logistics systems market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high airport logistics system because the price tag for implementing Concerns about infrastructure are major deterrents to market expansion for small and medium-sized enterprises. Furthermore, the rise of the Airport Logistics System market could be hindered by a shortage of resources, such as skilled consulting analysts and specialists. The worldwide growth of the COVID-19 virus has had an impact on every business and consumer trend.
There has been a noticeable slowdown in the expansion of Airport Logistics System products and services due to the global lockdowns. Businesses could continue operating with the same level of intensity thanks to airport logistics system technology, which allowed them to conclude their marketing and sales funnels despite the pandemic's impact on supply chains.
Competitive Landscape
Some Major Key Players In The Airport Logistics Systems Market:
- Daifuku Co., Ltd. (Japan)
- Siemens AG (Germany)
- Vanderlande Industries Holding B.V. (Netherlands)
- China International Marine Containers (Group) Co. Ltd.
- Champ Cargosystems S.A. (A Subsidiary of SITA)
- Beumer Group GmbH & Co. Kg (Germany)
- Unisys Corporation (U.S.)
- IBS Software Services Private Limited (India)
- Kale Logistics Solutions (India)
- ALS Logistics Solutions (UAE)
- Lödige Industries GmbH (Germany)
- Honeywell International Inc. (U.S.)
- IBM Corporation (U.S.)
- Grenzebach Group (Germany)
- Logplan LLC (U.S.)
- SITA (Switzerland)
- BCS Group (New Zealand)
- ALSTEF Automation SA (France)
- Fives Group (France)
- Babcock International Group PLC (UK)
- Glidepath Group (New Zealand)
- Transnorm System GmbH (Germany)
- Swissport International AG (Switzerland)
- Others
Market Segmentation:
The airport logistics systems market is segmented based on offering and technology. According to the offering, the market is segmented into Airport Baggage Handling Systems (Check-in Systems, Conveyors, Scanner Systems, Security Screening, Sorting Systems, Early Baggage Storage, Baggage Transport Systems, Baggage Reclaim Carousels, Other Airport Baggage Handling Systems), Aviation Cargo Management Systems (Warehouse and Operational Management Systems, Freight Information Systems, Aviation Cargo Screening Systems, Cargo Sales and Reservation Management Systems, Other Aviation Cargo Management Systems), and Services (Support and Maintenance, System Integration and Deployment, Consulting). By technology, the market is segmented into IoT, AI/ML/DL, RFID, big data, robotics & automated systems, scanners & detectors, and other technologies.
Based On The Offering, The Airport Baggage Handling Systems Airport Logistics Systems Market Segment Is Accounted As A Major Contributor To The Airport Logistics Systems Market.
The airport baggage handling systems airport logistics systems market is expected to lead with a major global market share. At airports, passengers can rely on the baggage handling system to safely transfer their bags and direct them to their designated areas. It also has many additional uses, including load balancing, bag tracking, volume regulation, jam detection, automatic tag readers (ATRs), tilt tray sorters, vertical sortation units, and more.
AI/ML/DL Segment To Witness Growth At A Rapid Rate.
The AI/ML/DL industry makes up the bulk of airport logistics systems usage because of the growing need for integrated airport facilities that incorporate cutting-edge technology to improve operational efficiency, passenger experience, security, and overall performance, as well as the large investments made in artificial intelligence and machine learning. It utilizes artificial intelligence in airport logistics systems to streamline and improve airport operations, including security screening and baggage processing, especially in countries like the US, Germany, the U.K., China, and India.
In The Region, The North American Airport Logistics Systems Market Holds A Significant Revenue Share.
The North American airport logistics systems market is expected to record the maximum market revenue share in the near future. It can be attributed to the fact that the area has a well-established aviation sector and puts a lot of money into airports and logistics networks. Market dvelopment is facilitated by the presence of large airports and the implementation of cutting-edge technology. In addition, Asia Pacific is estimated to grow rapidly in the global airport logistics systems market because of the availability of low-cost original equipment manufacturers, the rapid expansion of industrial manufacturing, and the expanding commerce of goods, which are expected to propel the airport logistics systems market in this sector.
Recent Developments:
- In Nov 2023, Riyadh Air, Saudi Arabia’s second flag carrier, announced a technology partnership with IBM to create a technology foundation for the new airline. The collaboration oversaw a hybrid cloud approach and integrated over 50 airline industry solutions and technological capabilities, including security, infrastructure, integration, and data platforms.
- In July 2022, Siemens Logistics sold its parcel and mail business to the Körber Group. As a result, the company has decided to shift its attention towards developing products specifically designed for airport baggage and freight management. The logistics company will now optimize its operations to concentrate on the airport sector, with a specific emphasis on automation and digitalization.
Airport Logistics Systems Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 4.00 Billion |
|
Revenue Forecast In 2031 |
USD 9.11 Billion |
|
Growth Rate CAGR |
CAGR of 9.85 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Offering, Technology |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Daifuku Co., Ltd. (Japan), Siemens AG (Germany), Vanderlande Industries Holding B.V. (Netherlands), China International Marine Containers (Group) Co. Ltd. (Pteris Global) (China), Champ Cargosystems S.A. (A Subsidiary of SITA) (Luxemburg), Beumer Group GmbH & Co. Kg (Germany), Unisys Corporation (U.S.), IBS Software Services Private Limited (India), Kale Logistics Solutions (India), ALS Logistics Solutions (UAE), Lödige Industries GmbH (Germany), Honeywell International Inc. (U.S.), IBM Corporation (U.S.), Grenzebach Group (Germany), Logplan LLC (U.S.), SITA (Switzerland), BCS Group (New Zealand), ALSTEF Automation SA (France), Fives Group (France), Babcock International Group PLC (UK), Glidepath Group (New Zealand), Transnorm System GmbH (Germany), Swissport International AG (Switzerland), Other |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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