Market Share of Airport Baggage Handling Systems Industry
The airport baggage handling systems market is semi-consolidated, with a few players holding significant market shares. Some prominent market players are Siemens AG, SITA, Beumer Group, Vanderlande Industries, and Leonardo SpA.
These companies have expanded their presence in various regions through partnerships with airport authorities and airlines. For instance, in December 2022, TSA launched a high-tech baggage handling system at Denver International Airport. The Checked Baggage Inspection System (CBIS) features a complicated conveyor belt network that sorts and tracks luggage through the screening security process. The cost of the system was nearly USD 160 million. As market demand improves with the growth in passenger traffic, smaller players are expected to gain a competitive advantage to cater to customers' needs.
Airport Baggage Handling Systems Market Leaders
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Siemens AG
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SITA
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BEUMER GROUP
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Vanderlande Industries Holding B.V.
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Leonardo S.p.A
*Disclaimer: Major Players sorted in no particular order
