Saturday, June 29, 2024 The global smart baggage handling solutions market is projected to grow by USD 5.04 billion from 2024 to 2028, according to Technavio. This represents a compound annual growth rate (CAGR) of nearly 14.
36% during the forecast period. The market is being driven by the increasing need for efficient baggage operations at airports and railways, along with the trend towards hyper-personalization of connected devices. However, the high cost of implementing smart baggage handling solutions poses a significant challenge.
Prominent players in the market include ADB Safegate BV, Alstef Group SAS, Amadeus IT Group SA, BBHS AS, Beumer Group GmbH and Co. KG, Brock Solutions, Daifuku Co. Ltd.
, FIVES SAS, Infosys Ltd., Intellimodus LLC, Leidos Holdings Inc., Lenze SE, Lyngsoe Systems AS, RTX Corp.
, SC SELF TRUST SRL, Schneider Electric SE, SEETEK SA, Siemens AG, SITA, and Vanderlande Industries BV. Technavio has released its latest market research report titled “Global Smart Baggage Handling Solutions Market 2024-2028”. This report offers detailed analysis on regional markets, market segments, customer landscape, and key companies.
The smart baggage handling solutions market is experiencing robust growth due to the increasing focus on efficient baggage management in the aviation industry. IATA’s mandate for real-time baggage tracking by 2018 has driven airlines to adopt Internet of Things (IoT) technology, enhancing baggage handling. IoT enables real-time tracki.
