Press release
Airport RFID System Market 2019 : Global Industry Tends to Grow at 8% CAGR, With Competitive Analysis like GlobeRanger, RFID Global Solution, Rockwell Collins, Grenzebach Group, BCS Group
Airport RFID System Market 2019
Airport RFID System Market Top Key Players:
The key players in the airport RFID system market are GlobeRanger (U.S.), RFID Global Solution, Inc. (U.S.), Rockwell Collins Inc. (U.S.), Grenzebach Group (Germany), BCS Group (Canada), Beumer Group (Germany), Siemens AG (Germany), Honeywell International Inc. (U.S.), Daifuku Company Ltd (Japan), and Confidex (Finland).
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Airport RFID System Market is estimated to witness a CAGR of more than 8% during the forecast period.
Airport RFID System Market Scenario:
Radio-Frequency Identification (RFID) uses radio waves to read and capture stored information on a tag attached to an object. A tag attached to an object can be detected from several feet away and does not need to be within the direct line-of-sight of the reader instrument. The RFID system is significantly used in airports for baggage handling, material management, and others.
RFID tags are used to enhance the ability for baggage tracking, dispatching, and conveyance; indirectly it improves the airport management efficiency and passenger satisfaction.
The airport RFID system market has been segmented into frequency, application, type, and region. Based on frequency, the market has been further segmented into low frequency, high frequency, and ultra-high frequency. Based on application, the market has been segmented into baggage tracking, flyable parts tracking, inventory management, and others. The baggage tracking segment is expected to grow at the fastest rate in this market during the forecast period.
The growth of this segment can be attributed to the rise in air travel across the globe. Based on type, the market has been categorized into product and software. The product segment has been further sub-segmented into tags and readers. Among these, the tags segment of the market is projected to grow at the highest rate, during the forecast period, which is due to the reduction in the cost of tags.
Scope of the Report:
This study provides an overview of the global airport RFID system market, tracking three market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global airport RFID system market by frequency, application, type, and region.
Frequency
• Low Frequency
• High Frequency
• Ultra-High Frequency
Application
• Baggage Tracking
• Flyable Parts Tracking
• Inventory Management
• Others
Type
• Product
• Tags
• Readers
• Software
By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
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The report on the global airport RFID system market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, and the technological, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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