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Airport Logistics Systems Market Worth 14.14 Billion USD By 2025
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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.
Browse in-depth Report on: https://www.meticulousresearch.com/product/airport-logistics-systems-market/
Airport Logistics Systems Market
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.
On the basis of service, airport logistics systems market is segmented into maintenance and support, integration and deployment, and consulting. Maintenance and support services segment accounted for the largest share of the global airport logistics systems market in 2017. However, integration and deployment segment will witness the fastest growth during the forecast period owing to increasing digitization and developments in the IT solutions.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and RoE), Asia Pacific (China, Japan, Korea, India, and RoAPAC), Latin America, and Middle East & Africa (Brazil, UAE, Argentina, and RoLAMEA). North America accounted for the largest share of the global airport logistics systems market in 2017. Factors such as growing e-commerce fleet transportation, increasing air travel passengers, rising number of private airports, and modernization of existing airports are expected to drive the growth of airport logistics systems market in this region. However, APAC is expected to grow with the highest growth rate during the forecast period. Factors such as growing goods trade, rapid growth in industrial manufacturing, and low cost original equipment manufacturing are driving the growth of the airport logistics systems market in this region.
The key players operating in the global airport logistics systems market are Siemens AG, Vanderlande industries, Daifuku, CHAMP Cargosystems, 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®
Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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