As per the research report titled, ‘Global Airport Baggage Handling System Market Size study, by Airport Class (Class A, Class B, and Class C), by Service (Self-Service and Assisted Service), By Type (Conveyor and Destination Coded Vehicle), By Technology (Barcode and RFID) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global airport baggage handling system market was valued at USD 10491.6 billion in 2020 and will reach to USD 16519.4 billion by 2027, expanding at 6.7% CAGR over the study period.
 

The rapid expansion of global airport baggage handling systems market can be credited to technological improvements, increasing usage of robotic solutions in airports, and growing air transportation.
 

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It is worth noting that airport baggage handling system is a type of system which are usually found in airports. It is basically a machine that monitors luggage at the airport using technologies like barcode scanners and RFID sensors.
 

However, complex system management is likely to stifle the overall market growth over 2021-2027.
 

By airport class, global airport handling system industry is divided into class A, class B, and class C. Moving on to type, this industry is split into destination coded vehicle and conveyor segments.
 

By service, the market is classified into assisted service and self-service. In terms of technology, the business is categorized into RFID and barcode segments.
 

The geographical analysis of the industry includes Latin America Europe, North America, Asia-Pacific, and the rest of the world. The report cites that North America is expected to capture majority of the market share by the year 2027, primarily due to technological innovations, rapid growth in air transport, and growing modernization of the airports.
 

Meanwhile, Latin America market is also expected to expand significantly throughout the study period. Rising disposable income, expanding tourism sector, and increasing awareness regarding baggage handling are fueling the market growth in Latin America.

Prominent players profiled in the global airport baggage handling system market are Vanderlande, Siemens AG, Pteris Global Limited, Logplan, Grenzebach Group, Glidepath Ltd., G & S Airport Conveyor, Fives Group, Daifuku Co. Ltd., and Beumer Group GmbH & Co. KG.