Smart Baggage Handling Solutions Market

Smart baggage handling (SBH) solutions is a combination of highly advanced systems integrated with cloud-based technologies, M2Mi and IoT platform to enhance overall baggage handling process throughout passenger journey, across aviation ecosystem. Smart baggage handling (SBH) solutions include machine-to-machine (M2M), Internet of Things (IoT) platform, cloud-based airline applications and databases, and cloud-based analytics, which aid in connecting, managing, and securing real-time data and events from smart luggage using tracking devices. The main aim of SBH solutions is to enhance passenger travel experience and reduce their total travel time.
Smart Baggage Handling Solutions Market aims to provide a comprehensive presentation of the global market for Smart Baggage Handling Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Baggage Handling Solutions. Smart Baggage Handling Solutions Market contains market size and forecasts of Smart Baggage Handling Solutions in global, including the following market information:
Global Smart Baggage Handling Solutions Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global top five companies in 2023 (%)
The global Smart Baggage Handling Solutions market was valued at US$ 7732.9 million in 2023 and is projected to reach US$ 14330 million by 2029, at a CAGR of 9.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
During 2017, the smart baggage and tracking devices dominated the SBH solutions market and accounted for a major part of the overall market share. The high rate of manhandling of bags have proved crucial to the dominance of this segment in the global market. Also, smart baggage management refers to the tracking of bags using a range of RFID tags, global positioning system (GPS)-enabled devices, Wi-Fi, cellular baggage tags, and baggage tracking devices.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Baggage Handling Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Baggage Handling Solutions Market, by Type, 2019-2024, 2024-2029 ($ millions)
Global Smart Baggage Handling Solutions Market Segment Percentages, by Type, 2023 (%)
Smart Baggage and Tracking Devices
Smart Baggage Screening Technologies
Global Smart Baggage Handling Solutions Market, by Application, 2019-2024, 2024-2029 ($ millions)
Global Smart Baggage Handling Solutions Market Segment Percentages, by Application, 2023 (%)
Airports
Station
Other
Global Smart Baggage Handling Solutions Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)
Global Smart Baggage Handling Solutions Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Baggage Handling Solutions revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Smart Baggage Handling Solutions revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Daifuku
Siemens
SITA
IBM
Cisco Systems
Honeywell Aerospace
Precision Aerospace Components
UTC Aerospace Systems
Zodiac Aerospace
Vanderlande Industries
Beumer Group
Apple
Scarabee
Bluesmart
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Baggage Handling Solutions, market overview.
Chapter 2: Global Smart Baggage Handling Solutions market size in revenue.
Chapter 3: Detailed analysis of Smart Baggage Handling Solutions company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Baggage Handling Solutions in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.