Press release
Smart Baggage Handling System Market - Radio Frequency Identification Scanning Technology Preferred due Virtues of Reliability
“Collaboration is a key growth strategy that players in this market are hard-focused on to expand their outreach and to accelerate their pace of gains,” says a TMR analyst. This, along with technological innovations will favor these players to establish a strong foothold globally, adds the report.
Some of the key participants in the global smart baggage handling system market are Daifuku Web Seimens Group, Vanderlande Industries, Pteris Global Limited, Alstef Automation S.A., Fives Group, SITA, Beumer Group, G&S Airport Conveyor, and Scarabee Systems & Technology B.V.
Browse The Report: https://www.transparencymarketresearch.com/smart-baggage-handling-system-market.html
As per estimates of a report by Transparency Market Research, the global smart baggage handling system market will clock an impressive 19.3% CAGR for the forecast period between 2017 and 2025, for the market to attain a value of US$7,210.8 mn by the end of 2025. The market stood at a valuation of US$1,508.6 mn in 2016.
Powered by the U.S., North America to Display Significant Growth Rate through 2025
The radio frequency identification (RFID) technology segment led the overall market in terms of revenue share in 2016. RFID allows the system to scan the baggage tags with negligible probability of issues that helps generate good revenue.
By type of transport, the airport segment is expected to account for a significant revenue contribution to the global smart baggage handling system market over the forecast period. Going forward, the airport segment is expected to clock a significant growth rate between 2017 and 2025. North America followed by Asia Pacific stood as the key segments in in the global market in 2016 in terms of revenue.
Constriction of State-of-the-art Airports Make Asia Pacific Prominent Market
The growth of the smart baggage handling system market across the world is driven by a number of factors which include modernization of existing airports, growth in the number of airports and air travelers, and improved accuracy in baggage handling system.
The emerging economies of Asia Pacific and developing regions such as Middle East and Africa are witnessing the construction of new airports for the increasing number of air travelers in these regions. These new airports are equipped with state-of-the-art technology from baggage scanning to passenger check-in to security check to flight arrivals and departures for overall efficiency and easy movement of passengers. The installation of smart baggage handling system is an important component of the newly built airports for easy tracking and handling of large volume of baggage.
Request a PDF Sample for this Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30998
Not only developing regions, the developed economies of North America and Western Europe hold significance for the global smart baggage handling system market. Countries such as the U.S. and the U.K. are expected to witness an increasing adoption of IoT in the aviation sector in the upcoming years. This includes adoption of IoT based systems and processes such as smart baggage handling system for sorting, conveying, tracking, tracing, and diverting baggage that are critical activities for air transport.
The information presented here is based on the findings of a report by Transparency Market Research , titled “Smart Baggage Handling System Market (Type of Transport- Airport and Railway Station; Technology-Barcode system and Radio Frequency Identification; Solution - Sorting, Conveying, Tracking and Tracing, and Diverting) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Baggage Handling System Market - Radio Frequency Identification Scanning Technology Preferred due Virtues of Reliability here
News-ID: 857895 • Views: …
More Releases from Transparency Market Research
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses.
Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during…
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as…
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as…
Mining Automation Market to Surge at 6.4% CAGR, Hitting US$ 7.3 Bn by 2031, Acco …
The latest research study released by Transparency Market Research on "𝐌𝐢𝐧𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Mining Automation industry, as well as…
More Releases for TMR
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
TMR Research
Global 3D Animation Market: Snapshot
The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation…
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing…
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023.
Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158
Monolithic ceramics are…
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013…
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot
Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the…
