Global baggage handling system market is estimated at USD 6.45 billion in 2015 and is projected to grow at a CAGR of 7.72%, to reach USD 9.36 billion by 2020 during the forecast period.
The Asia-Pacific region is expected to exhibit the highest growth rate in the baggage handling system market, and is growing at a CAGR of 8.26% during the forecast period from 2015 to 2020. The RFID segment in identification technology is projected to exhibit a strong growth as well. The concept of self-service kiosks, which provide passengers with convenience and operational efficiency, is the current trend at major airports.
The self-service bag check-in segment is expected to register a CAGR of 12.07% during the given forecast period.
The report also offers a competitive landscape by analyzing the market share of key players in this market. The major players in the market include Siemens AG (Germany), Vanderlande Industries (Netherland), Daifuku Company Ltd (Japan), Pteris Global Limited (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau GMBH (Germany), BCS Group (New Zealand), Logplan LLC (U.S.), G&S Airport Conveyor (U.S.), and Fives Group (France)
