The global Airport Logistics Systems Market is projected to reach USD 14.14 Billion in 2025 from USD 7.1 Billion in 2018, growing at a CAGR of 10.3%. Airport logistics systems include air cargo management and baggage handling systems in the airports. The global air cargo traffic is increasing at a significant pace and there is an increasing need to develop more dedicated cargo terminals to accommodate the increasing global air cargo traffic. Factors such as globalization and strong growth in international trade; advancements in freight security, safety, and transportation solutions; entry of low-cost airlines; and growth in communication technologies and Internet of Things (IoT) are driving the growth of this market.
Globalization and Strong Growth in International Trade Fuels the Growth of the Global Airport Logistics Systems Market
Globalization has resulted in the integration of markets in the global economy, leading to the increased interconnectedness of national economies. International trade has grown at a slow pace after a downturn in 2015, and in 2016 the volumes of trade have shown positive results. According to the World Trade Organization (WTO), in 2016, the world trade in goods was valued at about USD 16 trillion. Moreover, over the last decade, the world trade in goods has increased at a growth rate of 7% from 2005 to 2014.
Especially, the goods trade in international air transport witnessed a significant growth during the past decade. According to the International Air Transport Association (IATA), the air freight management has grown at a year-on-year growth rate of 6.2% and the demand has grown at a growth of 9% since 2010. Moreover, IATA forecasts a rise in cargo carried to 62.5 million tonnes in 2018 from 59.9 million tonnes in 2017. Geographically, the air freight demand also has been increased and Latin America is expected to show the highest demand in 2018. This has led to the increase in air freight goods transport, thereby providing lucrative opportunities in the global airport logistics systems market.
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2016–2018). The key players profiled in the global airport logistics systems market report are Siemens AG, Vanderlande industries, Daifuku, CHAMP Cargosystems, Beumer Group, Unisys Corporation, IBS Software Solutions, CIMC Group, Kale Logistics Solutions, and ALS Logistics Solutions.
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