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Airport Logistics System Market Trends

Report ID: GMI7761
Published Date: Jan 2024
Report Format: PDF

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Airport Logistics System Market Trends

Increasing funding driven by the prioritization of business expansion in multiple companies will contribute to the adoption of airport logistics systems. The jump in investments is fueling infrastructure enhancements, technological upgrades, and operational efficiency for driving innovations for fostering AI-driven cargo handling, IoT-integrated tracking, and eco-friendly solutions. The growing focus of companies on seamless, contactless systems for meeting the rising demands and enhancing passenger experiences will also set the stage for robust growth. For instance, in September 2023, Mumbai-centered SaaS cargo management firm Kale Logistics Solutions secured a fresh USD 30 million funding round for extensive penetration in the U.S. and European airports.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The airport logistics system industry was valued at USD 4.5 billion in 2023 and is estimated to register a CAGR of over 8.5% between 2024 and 2032, driven by rapid evolution of air cargo systems and their widespread adoption across airports globally.

The airport baggage handling systems segment accounted for around 60% market share airport logistics system industry in 2023 and is anticipated to experience substantial growth through 2032, driven by the preference for contactless and sustainable solutions alongside technology innovations.

North America Airport Logistics System Market held a revenue share of over 35% in 2023 and is slated to register significant growth through 2032 driven by extensive air travel network alongside the greater need for advanced and efficient logistics systems.

Daifuku Co., Ltd., Siemens AG, Vanderlande Industries B.V. are some of the major industry contenders.