Market Scenario
Market Research Future (MRFR) predicts that the commercial airport baggage handling systems market is projected to grow at a CAGR of more than 8% during the forecast period (2017-2023). The airport terminal expansions coupled with new airport construction projects across the globe drive the growth of the global market. For instance, nations like China, Turkey, and the United Arab Emirates (UAE) are presently undergoing multiple large airport construction projects.
The global market is also experiencing a surge in demand owing to increasing airline passengers, airline operators, and the airport as an independent unit. The requirement of a BHS (Baggage Handling System) is mainly driven by the need for efficient systems, which manage the movement of airline baggage in and out of the check-in and checkout points at the airports. The BHS is playing a stellar role in the baggage handling procedure owing to constant developments of new technologies and improving systems.
However, there is a flip side to the market growth, namely mismanagement of the system that leads to luggage to go astray. This factor potentially impedes the ongoing market surge even during the forecast period. But, the driving factors cannot be sidelined, such as increasing use of technology for ease of use, such as radio frequency identification (RFID) technology.
The air transport industry is able to save lot of money and dramatically reduce mishandled baggage with the use of RFID technology. Apart from this, market players are continuously coming up with diverse technologies with features such as remote controlled operation, which can be integrated with smart handheld devices or smart phones. These technological trends massively work in favor of the market globally.
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Market Segmentation
The global commercial airport baggage handling systems market is segmented on the basis of airport class, technology, service, and type.
By airport class, the market is segmented on the basis of A, B, and C. By technology, the market is segmented on the basis of barcode and RFID. The RFID technology segment is leading the overall market in terms of revenue share. This technology is used to scan the baggage tags to consolidate the probability of any issues; this largely helps to generate good revenue for the aviation industry.