Global Airport Logistic System Market is Likely to Grow at A CAGR Value of Around 9.90% by 2028

03-Aug-2022 | Facts and Factors

According to Facts and Factors, the global airport logistic system market size was worth USD 8,293.10 million in 2021 and is estimated to grow to USD 14,611.77 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.80% over the forecast period. The report analyzes the airport logistics system market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the airport logistics system market.

The organization and management of information and resources that add value for airport users are known as airport logistics. The term "customers" in this study refers widely to passengers and users of cargo services and airlines, diners, shoppers, and other airport entities. Airports are a crucial component of the air transportation system, which involves the transportation of people, luggage, cargo, and mail via aircraft. The purpose of logistics is to coordinate all operations, not just those at airports, by looking at and improving the procedures in each subsystem of the integrated logistics system of the airport.

Browse the full “ Airport Logistic System Market Size, Share, Growth Analysis Report By Product (Airport Baggage Handling Systems, Sorting Devices, Scanners, Conveyors, Destination Coded Vehicles, Aviation Cargo Management Systems, Warehouse and Operation Management System, Freight Information System, Aviation Cargo Screening System), By Service (Maintenance and Support, Integration and Deployment and Consulting), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/airport-logistic-system-market

Global airport logistics systems market growth is being fuelled by factors like globalization and rapid expansion of international trade; improvements in freight security, safety, and transportation solutions; entry of low-cost airlines; expansion of communication technologies; and adoption of the Internet of Things (IoT). In addition, green freight, blockchain in freight management, cloud computing, and big data analytics are the main drivers of growth for the major industry participants.

Segmental Overview

The market for airport logistics systems is divided into two categories: product and service. The market is divided into airport baggage handling systems, sorting equipment, scanners, conveyors, destination-coded vehicles, warehouse and operation management systems, freight information systems, and aviation cargo screening systems based on the kind of product. In 2021, sorting devices held the largest market share for airport baggage handling systems globally in terms of product category.

On the basis of service type, the market is divided into consultation, integration, and deployment as well as maintenance and support. In terms of service type, the market for airport logistics systems worldwide was dominated by the maintenance and support services sector in 2021.

Regional Overview

During the projection period, the Asia Pacific, which consists of China, India, Korea, Japan, and the Rest of Asia Pacific (RoAPAC), would have the fastest growth. The market for airport logistics systems in this region is anticipated to rise as a result of factors such as expanding international trade, rapid expansion in industrial manufacturing, and low-cost original equipment manufacturing. This region is anticipated to have upbeat growth in the next years as a result of the AAPC countries' swiftly increasing industrialization.

The Association of Asia Pacific Airlines (AAPA) claims that the persistent growth in international trade in consumer and intermediary goods is the primary cause of airlines' APAC air cargo boom. Other factors supporting the expansion of air freight in the APAC region include company digitization, how one conducts business with suppliers and other supply chain partners and international trade from APAC countries to Western and Latin American countries.

Report Scope

Key Players Insights

Key players functioning in the airport logistics system market includeDaifuku Co., Ltd., Siemens AG, Vanderlande Industries Holding B.V., China International Marine Containers (Group) Co. Ltd. (PterisGlobal), Champ Cargosystems S.A. (A Subsidiary of SITA), Beumer Group GmbH & Co. Kg, Unisys Corporation, IBS Software Services Private Limited, Kale Logistics Solutions, ALS Logistics Solutions

Recent developments:

• In September 2020, Enterprise Engineering Services LLC and the Federal Aviation Administration (FAA) Airport Technology Research and Development Branch agreed to a USD 2.4 million contract (EES). The deal covers database maintenance, support, programming, system engineering, and database development.
• Geneva Airport and Thales Group agreed to a deal in June 2019 for the delivery of a centralized supervision system. The technology is made to gather and examine operational data and quickly spot any anomalies.

The airport logistics system market is segmented as follows:

Market By Product

• Airport Baggage Handling Systems
• Sorting Devices
• Scanners
• Conveyors
• Destination Coded Vehicles
• Aviation Cargo Management Systems
• Warehouse and Operation Management System
• Freight Information System
• Aviation Cargo Screening Systems

Market By Service

• Maintenance and Support
• Integration and Deployment
• Consulting

Market By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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