NEW YORK, Feb. 15, 2023 /PRNewswire/ — The smart baggage handling solutions market size is forecast to increase by USD 3,664.41 million from 2022 to 2027, at a CAGR of 12.15%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 3,598.44 million. The growth of the market will be driven by the growing need for efficient baggage operations at airports and railways, the development of smart airport concepts, and the growing need for M2Mi. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report
Technavio has announced its latest market research report titled Global Smart Baggage Handling Solutions Market 2023-2027
Technavio has extensively analyzed 15 major vendors, including ADB Safegate BV, Alstef Group, Amadeus IT Group SA, BBHS AS, Beumer Group GmbH and Co. KG, Brock Solutions, Daifuku Co. Ltd., FIVES SAS, Infosys Ltd., Intellimodus LLC, Leidos Holdings Inc., Lenze SE, Lyngsoe Systems AS, Raytheon Technologies Corp., SC SELF TRUST SRL, Schneider Electric SE, SEETEK SA, Siemens AG, SITA, and Vanderlande Industries BV.
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Key Benefits for Industry Players and Stakeholders –
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
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The market is segmented by type (smart baggage tracking devices and smart baggage screening devices), technology (barcode system and RFID), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Segmentation by Type (Inclusion/Exclusion)
The market growth in the smart baggage tracking devices segment will be significant during the forecast period. The segment is primarily driven by the increased adoption of new-generation IT frameworks in the aviation industry. In addition, the increased adoption of interactive kiosks, self-service check-ins and bag drops, and virtual assistants on personalized devices using wireless connectivity are supporting the growth of the segment.
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What are the key data covered in this smart baggage handling solutions market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the smart baggage handling solutions market between 2023 and 2027
Precise estimation of the size of the smart baggage handling solutions market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the smart baggage handling solutions market industry across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of smart baggage handling solutions market vendors
Related Reports:
The airport handling services market is estimated to grow at a CAGR of 6.8% between 2022 and 2027. The size of the market is forecast to increase by USD 56.02 billion. The growing demand for outsourced ground handling services is notably driving the market growth, although factors such as the increasing number of HSR projects may impede the market growth.
The airport transit baggage vehicle market size is expected to increase to USD 195.65 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.21%. The growth in air passenger traffic is notably driving the airport transit baggage vehicle market growth, although factors such as unexpected delays in airport construction may impede the market growth.
Smart Baggage Handling Solutions Market Scope
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Report Coverage |
Details |
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Page number |
163 |
|
Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.15% |
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Market growth 2023-2027 |
USD 3664.41 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
11.47 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 38% |
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Key countries |
US, China, Japan, France, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
ADB Safegate BV, Alstef Group, Amadeus IT Group SA, BBHS AS, Beumer Group GmbH and Co. KG, Brock Solutions, Daifuku Co. Ltd., FIVES SAS, Infosys Ltd., Intellimodus LLC, Leidos Holdings Inc., Lenze SE, Lyngsoe Systems AS, Raytheon Technologies Corp., SC SELF TRUST SRL, Schneider Electric SE, SEETEK SA, Siemens AG, SITA, and Vanderlande Industries BV |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global smart baggage handling solutions market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global smart baggage handling solutions market 2017 – 2021 ($ million)
4.2 Type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.3 Technology Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Technology Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 30: Chart on Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Smart baggage and tracking devices – Market size and forecast 2022-2027
Exhibit 34: Chart on Smart baggage and tracking devices – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Smart baggage and tracking devices – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Smart baggage and tracking devices – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Smart baggage and tracking devices – Year-over-year growth 2022-2027 (%)
6.4 Smart baggage screening devices – Market size and forecast 2022-2027
Exhibit 38: Chart on Smart baggage screening devices – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Smart baggage screening devices – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Smart baggage screening devices – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Smart baggage screening devices – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
7 Market Segmentation by Technology
7.1 Market segments
Exhibit 43: Chart on Technology – Market share 2022-2027 (%)
Exhibit 44: Data Table on Technology – Market share 2022-2027 (%)
7.2 Comparison by Technology
Exhibit 45: Chart on Comparison by Technology
Exhibit 46: Data Table on Comparison by Technology
7.3 Barcode system – Market size and forecast 2022-2027
Exhibit 47: Chart on Barcode system – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Barcode system – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Barcode system – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Barcode system – Year-over-year growth 2022-2027 (%)
7.4 RFID – Market size and forecast 2022-2027
Exhibit 51: Chart on RFID – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on RFID – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on RFID – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on RFID – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Technology
Exhibit 55: Market opportunity by Technology ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 73: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.7 South America – Market size and forecast 2022-2027
Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Japan – Market size and forecast 2022-2027
Exhibit 89: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.11 France – Market size and forecast 2022-2027
Exhibit 93: Chart on France – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on France – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on France – Year-over-year growth 2022-2027 (%)
9.12 Germany – Market size and forecast 2022-2027
Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 Alstef Group
Exhibit 108: Alstef Group – Overview
Exhibit 109: Alstef Group – Product / Service
Exhibit 110: Alstef Group – Key offerings
12.4 Amadeus IT Group SA
Exhibit 111: Amadeus IT Group SA – Overview
Exhibit 112: Amadeus IT Group SA – Business segments
Exhibit 113: Amadeus IT Group SA – Key news
Exhibit 114: Amadeus IT Group SA – Key offerings
Exhibit 115: Amadeus IT Group SA – Segment focus
12.5 BBHS AS
Exhibit 116: BBHS AS – Overview
Exhibit 117: BBHS AS – Product / Service
Exhibit 118: BBHS AS – Key offerings
12.6 Beumer Group GmbH and Co. KG
Exhibit 119: Beumer Group GmbH and Co. KG – Overview
Exhibit 120: Beumer Group GmbH and Co. KG – Product / Service
Exhibit 121: Beumer Group GmbH and Co. KG – Key news
Exhibit 122: Beumer Group GmbH and Co. KG – Key offerings
12.7 Brock Solutions
Exhibit 123: Brock Solutions – Overview
Exhibit 124: Brock Solutions – Product / Service
Exhibit 125: Brock Solutions – Key offerings
12.8 Daifuku Co. Ltd.
Exhibit 126: Daifuku Co. Ltd. – Overview
Exhibit 127: Daifuku Co. Ltd. – Business segments
Exhibit 128: Daifuku Co. Ltd. – Key news
Exhibit 129: Daifuku Co. Ltd. – Key offerings
Exhibit 130: Daifuku Co. Ltd. – Segment focus
12.9 FIVES SAS
Exhibit 131: FIVES SAS – Overview
Exhibit 132: FIVES SAS – Business segments
Exhibit 133: FIVES SAS – Key offerings
Exhibit 134: FIVES SAS – Segment focus
12.10 Lenze SE
Exhibit 135: Lenze SE – Overview
Exhibit 136: Lenze SE – Product / Service
Exhibit 137: Lenze SE – Key offerings
12.11 Lyngsoe Systems AS
Exhibit 138: Lyngsoe Systems AS – Overview
Exhibit 139: Lyngsoe Systems AS – Product / Service
Exhibit 140: Lyngsoe Systems AS – Key offerings
12.12 Raytheon Technologies Corp.
Exhibit 141: Raytheon Technologies Corp. – Overview
Exhibit 142: Raytheon Technologies Corp. – Business segments
Exhibit 143: Raytheon Technologies Corp. – Key news
Exhibit 144: Raytheon Technologies Corp. – Key offerings
Exhibit 145: Raytheon Technologies Corp. – Segment focus
12.13 SC SELF TRUST SRL
Exhibit 146: SC SELF TRUST SRL – Overview
Exhibit 147: SC SELF TRUST SRL – Product / Service
Exhibit 148: SC SELF TRUST SRL – Key offerings
12.14 SEETEK SA
Exhibit 149: SEETEK SA – Overview
Exhibit 150: SEETEK SA – Product / Service
Exhibit 151: SEETEK SA – Key offerings
12.15 Siemens AG
Exhibit 152: Siemens AG – Overview
Exhibit 153: Siemens AG – Business segments
Exhibit 154: Siemens AG – Key news
Exhibit 155: Siemens AG – Key offerings
Exhibit 156: Siemens AG – Segment focus
12.16 SITA
Exhibit 157: SITA – Overview
Exhibit 158: SITA – Product / Service
Exhibit 159: SITA – Key offerings
12.17 Vanderlande Industries BV
Exhibit 160: Vanderlande Industries BV – Overview
Exhibit 161: Vanderlande Industries BV – Product / Service
Exhibit 162: Vanderlande Industries BV – Key news
Exhibit 163: Vanderlande Industries BV – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 164: Inclusions checklist
Exhibit 165: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 166: Currency conversion rates for US$
13.4 Research methodology
Exhibit 167: Research methodology
Exhibit 168: Validation techniques employed for market sizing
Exhibit 169: Information sources
13.5 List of abbreviations
Exhibit 170: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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