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Global Airport Radio Frequency Identification Market 2020 (Includes Business Impact of COVID-19)

  • TBI674242
  • April 29, 2020
  • Global
  • 149 pages
  • Market.US
                                              “Global Airport Radio Frequency Identification Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global airport radio frequency identification market report has been segmented on the basis of product type, application, and region.

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Global Airport Radio Frequency Identification Market: Overview

Airport’s use radio frequency identification technology for applications such as flyable parts tracking, baggage tracking, inventory management, and many other applications; as the radio frequency identification tags offer feature of tracking and tracing, thereby reducing the incidences of misplacement and theft of baggage or luggage at airports.

Global Airport Radio Frequency Identification Market: Dynamics

Airports across the globe face biggest challenge of baggage handling. Increasing number of travelers coupled with growing baggage’s safety, stringent baggage security regulations, high waiting time, and shorter turnarounds have significantly resulted into baggage processing and reconciliation systems in the recent years. Airports are recognizing need for fully-integrated and scalable baggage management system that offer flexibility, reliability, and efficient time management solutions in existing or arrival platforms. Aforementioned are major factors expected to drive growth of the global market during the forecast period.

Moreover, increasing demand to adopt radio frequency identification technology that enables advanced bag tracking and tracing operations in crowed airports, owing to radio frequency identification technology benefits such as reduced handling turnover, achieves optimal efficiency, fast bag tag read rates with reduced reading errors, rapid bag redirecting and off-loading, worldwide tracing of misplaced luggage, prevents theft and tampering of baggage, high product durability, and optimized supply chain management operations. This in turn attributes into high adoption of radio frequency identification technology and systems in airports across the globe and is expected to proliferate growth of the global market in the near future.

Furthermore, increasing government investments to digitalize and ease public and international transport systems, increasing awareness regarding IoT based radio frequency identification baggage labeling that enhance baggage visibility from check-in to baggage reclaim, and handling at airports
are among major factors expected to create significant revenue opportunities for players in the target market in the coming 10 years.

However, the high-cost associated with installation of radio frequency identification systems is hampering the growth of the airport radio frequency identification market growth to a certain extent.

Global Airport Radio Frequency Identification Market: Segment Analysis

In the product type segmentation, the product segment is expected to dominate the global market over the forecast period. Among the product segment the sub–segment tag is expected to register high revenue growth in the target market, owing to increasing demand for efficient baggage handling systems at airport by using radio frequency identification tags or labelling due to their size and cost efficiency benefit coupled with high durability and long lifespan.

Global Airport Radio Frequency Identification Market: Regional Analysis

Market in North America market is expected to dominate in the global market in terms of revenue share, owing to highly developed airport facilities coupled with high emphasizes on ease of passengers, and increasing adoption of emergence of technologies such as IoT to achieve high optimization in inventory management operation in the developed countries such as US and Canada in this region.

Market in Asia Pacific is expected to register significant revenue growth over the forecast period in the global market followed by market in Europe. Whereas, market in Latin America and Middle East & Africa is expected to register lucrative growth in the target market, owing to rising industrialization in these regions.

Global Airport Radio Frequency Identification Market Segmentation:

Segmentation by Product Type:

Product
Tags
Reader
Software

Segmentation by Application:

Baggage Tracking
Flyable Parts Tracking
Inventory Management
Others (Animal Tracking, Logistics, Supply Chain Management, Security and Access Control, etc.)
 

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Airport Radio Frequency Identification Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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