USD 10.51 billion
Report ID:
SQMIG20R2011 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
67
|Figures:
75
Airport Logistics Systems Market size was valued at USD 11.6 Billion in 2023 and is poised to grow from USD 12.79 Billion in 2024 to USD 28.02 Billion by 2032, growing at a CAGR of 10.3% during the forecast period (2025-2032).
Airport logistics is the planning and management of all resources and information which add value to the airport's customers. In this analysis, the term "customers" refers to passengers and users of cargo services and airlines, as well as diners, shoppers, and other airport entities. Airports are an important aspect of the air transport system that usually entails the transport of people, luggage, cargo, and mail by aircraft Logistics' purpose is to organise all operations, not only those at airports, by examining and improving procedures in each subsystem of the airport's integrated logistics system.
Global airport logistics systems market growth is being driven by factors such as globalization and the accelerated development of international trade; advancements in freight security, safety, and transportation solutions; the entry of low-cost airlines; the augmentation of communication technologies; and the introduction of the Internet of Things (IoT). Furthermore, for the major industry participants, green freight, blockchain in freight management, cloud computing, and big data analytics are the paramount drivers of growth. However, one factor that can hamper the market is the bad weather, and therefore, situations may not make it possible sometimes to timely deliver the loads.
US Airport Logistics Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10.51 billion
Largest Segment
Warehouse and operation management system
Fastest Growth
Warehouse and operation management system
Growth Rate
10.3% CAGR
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Airport Logistics Systems Market is segmented based on the product type, application, and region. In terms of product type, the global airport logistics systems market is segmented into airport baggage handling systems, sorting devices, scanners, conveyors, warehouse and operation management system, freight information system, and others. With respect to application, the airport logistics systems market is segmented into maintenance and support, integration and deployment, and consulting. Regionwise, Airport Logistics Systems Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Airport Logistics Systems Market Analysis by Product Type
In terms of categorization by product type, the global airport logistics systems market is segmented into airport baggage handling systems, sorting devices, scanners, conveyors, warehouse and operation management system, freight information system, and others. The warehouse and operation management system segment is estimated to lead the market with the highest segment growth during the analysis period. The cargo is transported, and customs clearance is completed at the warehouse of the feeder airport. Basic air cargo security, cargo consolidation, loading, handling, storage, and unloading are all covered by air cargo warehouses and operational management systems. Such operations are expensive, but they must be carried out by airports. As a result, using modern technologies and systems to automate the ground handling process of cargo will help reduce operational costs. Companies help in providing cargo ground handling agents and cargo carriers with customised e-freight compliant solutions to achieve automated ground handling. COSYS, a custom freight warehouse management system, is provided by NIIT Technologies and SATS.
Conveyors are baggage or luggage handling systems equipped in airports to support the transit of luggage within the airport. Apart from transportation, these conveyors are used in a wide range of other functions such as check-in, baggage tracking, luggage sorting, baggage storing, and baggage screening. Increasing airport passengers, automation in conveyor belt technologies, airport modernization, rising digitization, and system control and IT solutions are influencing the growth of this segment. Airline management seeks to move passengers' luggage as smoothly as possible because passengers do not want to spend precious time waiting for their belongings. As a matter of fact, airlines simply pick highly advanced conveyor system providers to move passengers' luggage quickly, easily, and safely.
Airport Logistics Systems Market Analysis by Application
In terms of segmentation by application, the market is segmented into maintenance and support, integration and deployment, and consulting. The integration and deployment segment will account for the highest revenue over the predicted period due to several factors including increasing demand for high tech integrated airport infrastructure.
Owing to the increase in demand from government agencies and international airport operators in various regions, consulting is predicted to be one of the fastest-growing segments during the forecast period. Airport operators hire consulting firms on a contract basis to provide specialist assistance on design process, building, and operating efficient air cargo handling systems at airports with higher revenue potential.
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The North America region is anticipated to be the dominant region in terms of increased growth in air cargo traffic, and others. The Asia Pacific region will undergo the strongest expansion over the forecast period consisting of several countries including China, India, Korea, Japan, and others owing to increasing goods trade, rapid growth in industrial manufacturing, and low-cost original equipment manufacturing are expected to drive the growth of the airport logistics systems market in this region. This region is predicted to grow rapidly in the next 8 years as a result of the AAPC countries' industrial growth. In accordance with the Association of Asia Pacific Airlines (AAPA), the rise in APAC air cargo for airlines is mainly attributable to a sustained increase in global trade for consumer and intermediate goods.
Europe is expected to grow significantly during the forecast timeframe owing to the increased use of e-commerce activities across countries including Germany, and the United Kingdom.
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Airport Logistics Systems Market Driver
Need to Upgrade Baggage Handling Systems to Augment Market Growth
Airport Logistics Systems Market Restraint
Dangers of Air Travelling May Challenge Growth
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The global airport logistics systems market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Airport Logistics Systems Market Top Player's Company Profiles
Airport Logistics Systems Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global airport logistics systems market analysis, North America will leave its mark during the forecast period on account of warehouse management and operations to manage air cargo. The e-commerce is aggressively growing everywhere around the world, which is increasing cargo volumes at airports, resulting in increasing demand for efficient airport logistics systems capable of handling large volumes of cargo in a prompt and effective manner during the analysis timeline. However, air freight is extremely expensive, making it prohibitively expensive for any cargo that is heavy, bulky, or of low value, which is limiting the growth of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 10.51 billion |
Market size value in 2031 | USD 25.4 billion |
Growth Rate | 10.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Airport Logistics Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Airport Logistics Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Airport Logistics Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Airport Logistics Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20R2011
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