Global Airport Baggage Handling System market outlook 2024, Forecast To 2033

The airport baggage handling system market size has experienced notable growth in recent years, ascending from $8.22 billion in 2023 to$8.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period is attributed to air travel growth, security measures, efficiency and throughput, airport expansions and renovations, and evolving passenger expectations. Looking ahead, the market size is expected to undergo substantial growth, reaching $12.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. This growth in the forecast period is fueled by factors such as predictive maintenance, sustainability and green initiatives, risk mitigation strategies, cost-efficiency requirements, passenger experience enhancement, and rising tourism. Major trends in the forecast period include a focus on passenger convenience, customization for airport needs, remote monitoring and management, smart sensor integration, and predictive analytics.