Airport Logistics System Market Size
Airport Logistics System Market was USD 4.5 billion in 2023 and is expected to grow at a CAGR of more than 8.5% during the forecast period of 2024-2032. The growth of the market is influenced by the fast-paced development of air cargo systems and their extensive use in global airport.
Online shopping has been booming recently, and that implies that we have to get all the packages done quicker and better. Take Kale Logistics Solutions, for instance. They have recently implemented a new system at GMR Hyderabad International Airport that makes processes smoother, communicates with other areas of the airport automatically, and accomplishes more. And it is not necessarily about working quickly. We also have to employ sophisticated tech such as AI and the Internet of Things to ensure the packages are secure and tracked. Airports all over the world are beginning to adopt these new methods of operation, so we’ll need even more capable systems to handle all the sophisticated issues of air freight. That’s why this market will continue to expand.
Increased demand because of growing demand for efficient communication systems in airports, along with technological advancements, i.e., automation, IoT, AI and data analytics for efficiency and precision of logistics systems will drive the market growth. Technology advancements have transformed airport logistics. Multiple airports are looking for innovative solutions to enhance efficiency, strengthen security, and manage the growing capacity of cargo. For example, in August 2023, Incheon International Airport introduced AIRCIS, a cutting-edge air cargo information system for connecting forwarders, service operators, and bonded carriers online.
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Airport Logistics System Market Report Attributes
Report Attribute Details
Base Year 2023
Airport Logistics System Market Size in 2023 USD 4.5 Billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 8.5%
2032 Value Projection USD 9.5 Billion
Historical Data for 2018 – 2023
No. of Pages 200
Tables, Charts & Figures 294
Segments covered Product, Service, Technology
Growth Drivers
Growing air travel demand
Continuous evolution of logistics technology
Globalization of trade and supply chains
Airport infrastructure expansion and development
Pitfalls & Challenges
Operational complexity
Yet, the issues arising from regulatory complexity as they insist on conformity to different worldwide standards combined with obstructing smooth integration will curtail the market growth to a certain extent. Exorbitant capital costs discouraging smaller airports from leveraging sophisticated systems, further restricting accessibility and standardization will also be a deterrent for product roll-out.
Airport Logistics System Market Trends
Companies are double down on airport logistics systems in a big way. They’re investing more money to improve infrastructure, strengthen technology, and integrate operations. All of these are creating space for new things like AI-based cargo handling, sophisticated tracking facilities, and environmental-friendly options. Businesses are also becoming serious about simplifying airport experiences and making them safer, with increased touchless facilities and so on. This drive towards convenience and efficiency is opening up an enormous logistics market. Just consider Kale Logistics Solutions, a Mumbai-based SaaS cargo management firm that recently raised $30 million to go deeper into U.S. and European airports.
Airport Logistics System Market Analysis
Discover more about the most important segments driving this market
Think of the airporta hub of confusion with travelers and their precious bags. But in the midst of the hustle and bustle, there is an unseen army working behind the scenesbaggage handling systems. These systems make sure your luggage ends up at your destination safely and efficiently. Baggage handling systems reign supreme in the market today, commanding a staggering 60%! And they’re only set to grow bigger in the years to come. Why? Because folks are traveling more than ever, and we all want our bags to mysteriously appear on the carousel unproblematically. To address this increased demand, baggage handling systems are becoming more intelligent by the minute. Robotic arms and RFID tags are employed to trace bags along every move, eliminating irritating delays and misplaced bags. And with increasingly more travelers on the move, these systems need to be capable of dealing with lots of bags, fast and efficiently. But that’s not the end of it. The future of baggage handling is set to be even more futuristic. Contactless technology and green solutions are on the cards, as well as some very innovative new technologies. So, look out for the experience of baggage handling to keep improving, making air travel a tad bit easier and a whole lot less stressful.
Find more about the foremost segments influencing this market
How airport logistics systems operate Where airport logistics systems are concerned, there are three types of services1. System integration and deployment This is the process of joining all the fragments of a jigsaw puzzle. It takes planning, putting in, and ensuring that all the various systems of technology integrate properly. 2. Support and maintenance It’s similar to maintaining a car. It consists of repairing faults, updating the systems, and ensuring they function properly. 3. Consulting It’s similar to seeking an expert’s opinion. It involves assisting airports in determining what logistics systems they require and how to utilize them most efficiently. The system integration and deployment service has dominated, with around 55% of the market in 2023. This is due to the fact that more airports are turning to technology to enhance their processes. For instance, Artificial Intelligence (AI), Internet of Things (IoT), and Radio Frequency Identification (RFID) are being utilized to streamline operations. Another trend is the growing utilization of cloud-based services. Cloud-based services enable airports to gain access to information in real-time, which enables them to make more informed decisions. Lastly, airports are also requiring more responsive and agile systems to accommodate changing passenger and airline needs. This is likely to fuel expansion in the deployment and system integration segment.
North America is flying high in airport logistics business! In 2023, it held a massive 35% market share and is only going to increase. What makes it so sought after? Well, it’s got a massive network of airports and companies are craving better ways to move their stuff around. Plus, all the cool new tech like AI and the Internet of Things is making it easier and faster to track shipments. And let’s not forget about those strict security rules that are making airports safer and more efficient. The growth of web shopping, increased demand for speedy shipping, and the desire to be green are all increasing the demand for more efficient airport logistics systems in North America.
Airport Logistics System Market Share
Market-leading companies focus on innovation and incorporating the latest cutting-edge technologies. This entails developments in IoT (Internet of Things), artificial intelligence, and automation to streamline the efficiency and dependability of baggage handling, cargo operations, and overall airport logistics.
Creating a strong global presence and strategic partnerships with airports, airlines, and other stakeholders is one of the major strategies of market players. This enables businesses to increase their reach, penetrate emerging markets, and partner on large-scale ventures, creating a holistic approach to airport logistics.
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Airport Logistics System Market Companies
Major players operating in the airport logistics system industry are
- Daifuku Co., Ltd.
- Siemens AG
- SITA
- Vanderlande Industries B.V.
- Smiths Detection Inc.
- BEUMER Group
- CIMC-TianDa Airport Support Ltd.
- IBS Software
- ULMA Handling Systems
- Alstef Automation S.A.
- Daifuku Co., Ltd.
- Siemens AG