Smart baggage handling solutions market to grow at a CAGR of 12.15%; Driven by the development of smart airport concepts - Technavio

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 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 & 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

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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