SAN FRANCISCO, U.S., March 09, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global airport logistic system market size & share was valued at approximately USD 8293.10 million in 2021. The market is expected to grow above a CAGR of 9.80% and is anticipated to reach over USD 14611.77 million by 2028.”
The report analyzes the airport logistic system market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global market.
Airport Logistic System Market Overview:
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.
Get a Free Sample PDF of this Research Report for more Insights - https://www.fnfresearch.com/sample/airport-logistic-system-market
(A free sample of this report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the updated report.
- About 201+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter's 5 Forces Analysis
- Facts and Factors research methodology
Market Dynamics:
Growth Drivers
- Increase in the world trading activities to boost the market expansion
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.
Restraints
- High installation costs
Airport logistics system adoption may be hampered by high installation and maintenance costs of security solutions. In addition, a surge in supplier privacy concerns among airport regulatory agencies may make it more difficult to implement logistics systems.
Browse the full “Airport Logistic System Market Size, Share, Growth Analysis Report - 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
Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 8,293.10 Million |
| Projected Market Size in 2028 | USD 14,611.77 Million |
| CAGR Growth Rate | 9.80% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Daifuku Co. Ltd., Siemens AG, Vanderlande Industries Holding B.V., China International Marine Containers (Group) Co. Ltd. (Pteris Global), 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, and Others |
| Key Segment | By Product, Service, Application, End-Use, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Key questions answered in this report:
- What is the size of the airport logistic system market and what is its expected growth rate?
- What are the primary driving factors that push the airport logistic system market forward?
- What is the airport logistic system Industry's top companies?
- What are the different categories that the airport logistic system Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the airport logistic system market sample report and company profiles?
Key Insights from Primary Research
- As per the analysis, the airport logistic system market is likely to grow above a CAGR of around 9.80% between 2022 and 2028.
- The Airport Logistic System market size was worth around US$ 8293.10 million in 2021 and is estimated to hit approximately US$ 14611.77 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The growing use of cutting-edge technologies, which increases operational effectiveness, is a factor supporting market expansion.
- Airports now need to set more sophisticated logistics systems due to the increasing number of passengers and air freight, which is assisting the market's rapid expansion.
- Government regulatory initiatives that encourage increased trade and air freight transit are promoting the expansion of the international market for airport logistics systems.
- The rising advancements in technology are likely to help Asia dominate the global market on the basis of region.
Limited Time Offer | Directly Purchase this Report with Exclusive Discount - Quick Delivery Available - https://www.fnfresearch.com/buynow/su/airport-logistic-system-market
COVID-19 Impact Analysis
The COVID-19 outbreak has significantly altered the Airport Logistics Systems industry. However, given the continuous rise in COVID-19 cases, particularly in Asian countries like India, the industry's long-term recovery is still doubtful. Worldwide, the industry exhibited signs of recovery in the second quarter.
Since the pandemic began, the industry has endured a series of setbacks and shocks. Many changes in consumer behaviour and thought have resulted from the epidemic. The sector is under more pressure as a result. So, it is anticipated that the market's expansion will be constrained.
Segmentation Analysis:
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 Dominance:
- Asia Pacific would have the fastest growth during the projection period
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.
Competitive Players
The report contains qualitative and quantitative research on the global airport logistic system market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global airport logistic system market include;
- Daifuku Co. Ltd.
- Siemens AG
- Vanderlande Industries Holding B.V.
- China International Marine Containers (Group) Co. Ltd. (Pteris Global)
- 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
Request for Customization on this Report as per your requirements - https://www.fnfresearch.com/customization/airport-logistic-system-market
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
Recent Industry 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 global airport logistic system market is segmented as follows:
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
By Service
- Maintenance and Support
- Integration and Deployment
- Consulting
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Request Your Free Sample Report of the Global Airport Logistic System Market @ https://www.fnfresearch.com/sample/airport-logistic-system-market
Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Product, Service, Application, End-Use, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Browse Other Related Research Reports from Facts & Factors
- Green Logistics Market: https://www.fnfresearch.com/green-logistics-market
- 4PL Logistics Market: https://www.fnfresearch.com/4pl-logistics-market
- Piston Engine Aircrafts Market: https://www.fnfresearch.com/piston-engine-aircrafts-market
- Aircraft Lightning Protection Market: https://www.fnfresearch.com/aircraft-lightning-protection-market
- Aircraft MRO Market: https://www.fnfresearch.com/aircraft-mro-market
- Aircraft Fuel Tank Market: https://www.fnfresearch.com/aircraft-fuel-tank-market
About Facts & Factors:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
USA: +1 347 690-0211 | UK: +44 2032 894158 | Japan: +81 50 5806 9039 | India: +91 73877 19999
Email: sales@fnfresearch.com | Web: https://www.fnfresearch.com
Follow Us on - LinkedIn | Twitter | Facebook
Also Read Our Blogs:
