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Airport Baggage Handling System Market Trends, Business Strategies and Opportunities With Key Players Analysis 2027
Airport Baggage Handling System Market
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At present, North America dominates the market, followed by Europe. In 2017, the U.S. dominated the North America market, and UK led the overall market in Europe. On the other hand, in the Asia-Pacific region, China dominates the market.
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Increase in air travel, modernization of airports, and technological advancements, such as RFID tags and NFC, drive the growth of the global airport baggage handling systems market. However, high upfront & maintenance cost of baggage handling systems and high consequences of system failure impede the market growth. On the contrary, utilization of robotization in the airports baggage handling process is expected to create lucrative opportunities for the key players operating in this market
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Key Findings of the Airport Baggage Handling Systems Market:
Based on airport class, the class A segment led the global airport baggage handling systems market in 2017. However, the class B segment is anticipated to grow at the highest CAGR during the forecast period.
North America held a major market share in 2017.
By technology, the barcode segment dominated the global airport baggage handling systems market in 2017.
LAMEA is anticipated to exhibit the highest CAGR in the near future.
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