Airport Baggage Tracking Systems Market Scope
RFID has oberved a rapid-rising market, and an increasing number of businesses are using it to increase their operations' efficiency and gain a competitive edge. For a long time, prominent airports and airlines in the aviation sector have been seeking for an opportunity to use RFID in baggage handling. The loss or mistreatment of luggage in airports is on the rise these days, dramatically increasing the costs connected with it. It is believed that continuous monitoring will discover potential problems in a timely way, allowing for a proactive approach to resolving such circumstances. Improved baggage handling methods and greater technology are provided by airport baggage tracking systems, which has resulted in a reduction in airline mishandled bag rates. Airport baggage monitoring systems also give real-time baggage notifications and rapid self-service bag drops, which aid airlines in boosting the use of the system while minimising luggage mistreatment.
The Airport Baggage Tracking Systems market study is segmented, by Application (Narcotic Detection, Metal & Contraband Detection, Explosive Detection and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Delta Airlines, Inc. (United States), Trace Me Luggage Tracker Ltd (United Kingdom), LongestChance (Hong Kong), SITA (Switzerland), Lyngsoe Systems A/S (Denmark), Daifuku Co., Ltd. (Japan), Aeroflot (Russia), Beumer Group GmbH & Co. KG (Germany), Quantum Id Technologies (India) and Siemens AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are International Air Transport Association (IATA) (Canada), BMC Software, Inc. (United States), Impinj, Inc. (United States) and Lyngsoe Systems (Denmark).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Airport Baggage Tracking Systems market by Type, Application and Region.
On the basis of geography, the market of Airport Baggage Tracking Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 6th June, 2019 - Amadeus Completed Acquisition of ICM Airport Technics. Amadeus Plans to Use This Purchase to Design, Create, Implement, Run, And Support All Airport Systems, Which Are Critical to The End-To-End Management of Passengers' Luggage Across Regions Including Asia-Pacific and European regions. and On 11th June, 2021 - dnata Acquired DUBZ (Baggage Storage and Delivery Service Company) through a Majority Stake. Passengers Travelling Out of Dubai May Now Check in Their Luggage and Print Their Boarding Tickets from The Comfort of Their Own Home or Hotel, which will be Controlled by dnata Through a Baggage Technology and Logistics Business.
On 20th May, 2020 - FTE APEX Chose BagsID as a Participant in Their Business Model Transformation Think Tank to which BagsID has Announced the Launch of Its Baggage Identification Solution That Uses AI, Deep Learning and Computer Vision to Build Smarter Baggage Tracking Solutions.
- Integration with Advance Technologies and Widening Accessibility
- Digitization in Airport Systems Due to Limited Human Reach
- Prevalence of Smuggling and Illicit Activities Via Air Transport
- Demand for Operational Efficiency at Airports Due to Surge in Air Travell
- Increasing Implementation in Western and European Regions
- Shift from Traditional Approach to Automated
- Lack of Trained Professionals
- Technological Limitations and Loopholes
- Market Penetration across New Regions
Key Target AudienceAirport Baggage Tracking Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Airport Baggage Tracking Systems Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.