Airport Logistics System Global Market 2024 - Top Regions, Latest Technology, Investment Opportunities, Future Trends And Outlook 2033
Overview and Scope
An airport logistics system refers
to the integrated network of processes, infrastructure, and technologies
designed to manage and coordinate the flow of passengers, cargo, aircraft, and
resources within an airport environment. This system enhances operational
efficiency, reduces delays, bolsters safety and security measures, and delivers
a smooth and enjoyable experience for passengers and cargo stakeholders through
optimizing processes, infrastructure, and resources.
Sizing and Forecast
The airport logistics system
market size has grown rapidly in recent years. It will grow from $6.05 billion
in 2023 to $6.66 billion in 2024 at a compound annual growth rate (CAGR) of
10.0%. The growth in the historic period
can be attributed to globalization and trade, regulatory changes, customer
expectations, and environmental concerns.
The airport logistics system
market size is expected to see rapid growth in the next few years. It will grow
to $9.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be
attributed to e-commerce growth, automation and robotics, data analytics and
AI, urbanization and population growth, and sustainability initiatives. Major
trends in the forecast period include the integration of IoT, multi-modal
solutions, collaborative logistics networks, and security enhancements.
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Segmentation & Regional
Insights
The airport logistics system
market covered in this report is segmented –
1) By Type: Baggage
Handling Systems, Cargo Handling Systems, Other Types
2) By Technology: Internet Of Things (IoT), Artificial
Intelligence And Machine Learning, Radio Frequency Identification (RFID),
Automation And Robotics, Other Technologies
3) By Application:
Maintenance And Support, Integration And Deployment, Consulting
North America was the largest
region in the airport logistics system market in 2023. Asia Pacific is expected
to be the fastest-growing region in the forecast period. The regions covered in
the airport logistics system market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market
Growth
An increasing number of air
passengers is expected to drive the growth of the airport logistics system
market going forward. Air passengers are individuals who travel via aircraft
for various purposes, such as business, leisure, or personal reasons. The increasing
number of air passengers is due to economic growth, affordability, and
globalization. Airport logistics systems are crucial in managing cargo
operations, including freight handling, warehousing, customs clearance, and
ground transportation. For instance, in February 2023, according to the
International Civil Aviation Organization, a Canada-based specialized agency of
the United Nations, the number of air passengers carried in 2022 increased by
an estimated 47% compared to 2021, while revenue passenger kilometers (RPK’s)
increased by around 70% over the same period. Therefore, the increasing number
of air passengers is expected to propel the growth of the airport logistics
system market.
Key Industry Players
Major companies operating in the
airport logistics system market are Siemens Logistics GmbH, International
Business Machines Corporation, Honeywell International Inc., BCS Group,
CIMC-TianDa Airport Support Ltd., Babcock International Group PLC, Daifuku Co.
Ltd., Swissport International AG, Vanderlande Industries BV, Fives Group,
Unisys Corporation, SITA NV, Beumer Group GmbH & Co. KG, Grenzebach Group,
Materna Information and Communications SE, ALSTEF Automation SA, Lodige
Industries GmbH, Transnorm System GmbH, Glidepath Group, Logplan LLC
The airport logistics system
market report table of contents includes:
1. Executive Summary
2. Airport Logistics System Market
Characteristics
3. Airport Logistics System Market
Trends And Strategies
4. Airport Logistics System Market
- Macro Economic Scenario
5. Global Airport Logistics System
Market Size and Growth
.....................................
32. Global Airport Logistics
System Market Competitive Benchmarking
33. Global Airport Logistics
System Market Competitive Dashboard
34. Key Mergers And Acquisitions
In The Airport Logistics System Market
35. Airport Logistics System
Market Future Outlook and Potential Analysis
36. Appendix
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