The airport baggage handling systems market has been forecast to increase at a compound annual growth rate (CAGR) of 7.43% through 2016, driven by the increase in air traffic, and rapid technological advancements.
This market is primarily driven by the growing number of new airport terminals and up gradation of existing airport infrastructure.
The upgrades can be due to existing systems turning obsolete on the basis of technology used, or due to increase in the handling capacity of the airport.
Irrespective of the factors affecting the market demand, the global market is experiencing a surge in demand, attributed to rise in airline passengers, airline operators, and the airport as an independent unit.
The requirement of a BHS (Baggage Handling System) is primarily driven by the need for efficient systems, which are able to manage the movement of customer/airline baggage in and out of the check-in and checkout points at the airports. The roles of aBHS have increased significantly, with developments of new technologies and improved systems.
With an increase in the number of people who travel, there has been a corresponding increase in the commercial airports and aircraft. Hence, there is a growing need to manage and handle the huge volume of luggage at airports, thereby leading to a high demand for BHS in recent years.
Geographically, Asia-Pacific holds a high potential for market growth, due to the large number of airports, high demand of airport upgrades, and a rise in the number of new upcoming projects and those under consideration.
Furthermore, Asia-Pacific, which accounts for the largest share for number of inbound and domestic travellers, is a probable market for high capacity BHS.
Industry players are continuously working on technologies to improve the overall performance of the entire system. Features such as remote controlled operation, which can be integrated with smart handheld devices or smart phones, are new concepts and are expected to drive the market growth.
Key players currently dominating the airport baggage handling systems market include Daifuku Co. Ltd., Glidepath Group, Siemens AG, and Vanderlande Industries BV.
For more information on the airport baggage handling systems market, see the latest research: Airport Baggage Handling Systems Market
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