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Baggage Handling System Market Segmented By Airport, Railway and Marine Mode of Transportation in Radio Frequency Identification (RFID) and Barcode System Technology
The baggage handling system is a type of conveyor system which helps to transport the baggage from the location at check in where the baggage is loaded into the transportation vehicle to the place where the passenger luggage claim area.
The primary function of the baggage is to transfer the baggage to the correct location. In addition, the system serves functions such as tracking, counting, automatic tag reader, load balancing, solving overlapping of bags, and detection of bag jams. This system of baggage handling uses different technology for the baggage handling process, such as Radio Frequency Identification (RFID) and barcode System.
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The increase in government spending towards multimodal transport and smart cities expected to drive baggage handling system market in the near future. The increase in passenger and cargo traffic provides new growth opportunities for the market players.
Also the increasing focus on improving air connectivity anticipated to propel the growth of the baggage handling system. Additionally, the growing maritime industry is also expected to propel the demand for baggage handling systems. The baggage handling systems have enhanced customer satisfaction. The baggage handling system is develop to minimizing damage, misplacement and baggage retardation.
However, the high level of initial investments and high maintenance cost are restricting the growth of the baggage handling system market.
Asia Pacific is expected to have major growth in baggage handling system owing to the increasing government investment for infrastructure. In Asia Pacific region, China is estimated to be the dominant market owing to the increasing air passenger traffic.
As Indian government plans to construct 100 new airports with an investment of USD 60 Bn which is stipulated to create maximum opportunity for the baggage handling system in India. North America in baggage handling system is expected to create significant sales over the forecast period.
Europe is forecasted to follow by North America and expected to account positive growth in the baggage handling system. Latin America and Middle East & Africa account for a comparatively small share in the market and anticipated to follow the same trend in forecast year. However, the demand for the baggage handling system is expected to grow at a significant pace over the near future.
Globally, the baggage handling market is found to be fragmented in nature owing to the presence of large number of players in the global market. Key manufacturers involved in the production of baggage handling system are continuously focusing on introducing intelligent machines for baggage handling.
These intelligent machine will help in the process of loading the baggage in airport operation. For instance SITA launched fully automated and self-propelling robot that can transport up to two bags maximum weight of 32Kg and run the tasks such as luggage check in and print bag tags.
The research report presents a comprehensive assessment of the baggage handling system market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to baggage handling system market segments such as mode of transportation, technology type, sortation, service.
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various factors on baggage handling system market segments and geographies.