Smart Baggage Handling System Market - Tremendous Increase in Traveling Accelerates Growth

In a competitive global smart baggage handling system market, keen players are hard-focused on collaborations to expand their outreach and to accelerate their pace of gains. In matters of competition, the global smart baggage handling system market is expected to witness the entry of small-sized players that will further intensify competition in this market.

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Some of the key growth drivers of the global smart baggage handling system market are a modernization of existing airports, growth in the number of airports and air travelers, and adoption of systems with improved accuracy for baggage handling and baggage tracking.

In emerging economies, construction of new airports that are equipped with state-of-the-art technology is benefiting the smart baggage handling system market. The installation of these systems enable easy tracking and handling a large volume of baggage which is critical to the growing air traffic in these regions.

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As per estimates of a report by Transparency Market Research, the global smart baggage handling system market will clock an impressive 19.3% CAGR from 2017 to 2025. If the figure holds true, the market’s valuation of US$1,508.6 mn in 2106 will become US$7,210.8 mn by the end of 2025.

According to the lead author of this report, “the tremendous increase in traveling of late due to factors such as cross country business, globalization, trips, immigration, and emigration is anticipated to bolster the growth of the global smart baggage handling system market.”

There is a growing need for better baggage handling systems at airports and railways as travellers are seeking better Transit facilities and expecting their baggage to be safely conveyed. This is compelling airport authorities as well as Railway operators to implement improved baggage handling systems for travellers.

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