Global Smart Baggage Handling Solutions Market Growth (Status and Outlook) 2023-2029

Global Smart Baggage Handling Solutions Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Smart Baggage Handling Solutions Industry Forecast” looks at past sales and reviews total world Smart Baggage Handling Solutions sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Baggage Handling Solutions sales for 2023 through 2029. With Smart Baggage Handling Solutions sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Baggage Handling Solutions industry.

This Insight Report provides a comprehensive analysis of the global Smart Baggage Handling Solutions landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Baggage Handling Solutions portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Baggage Handling Solutions market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Baggage Handling Solutions and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Baggage Handling Solutions.

The global Smart Baggage Handling Solutions market size is projected to grow from US$ 7351.8 million in 2022 to US$ 14320 million in 2029; it is expected to grow at a CAGR of 10.0% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Baggage Handling Solutions market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Smart Baggage and Tracking Devices
Smart Baggage Screening Technologies

Segmentation by application
Airports
Station
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Daifuku
Siemens
SITA
IBM
Cisco Systems
Honeywell Aerospace
Precision Aerospace Components
UTC Aerospace Systems
Zodiac Aerospace
Vanderlande Industries
Beumer Group
Apple
Scarabee
Bluesmart

Please note: The report will take approximately 2 business days to prepare and deliver.