Global Airport Logistics Systems Market is Expected to Reach $14.1 Billion by 2025
The global airport logistics systems market is expected to grow at a CAGR of 10.3% from 2018 to reach USD 14.1 billion by 2025.
The factors such as globalization and strong growth in the international trade; advancements in freight security, safety, and transportation solutions; entry of low cost airlines; growth in communication technologies; and adoption of Internet of Things (IoT) are driving the growth of the global airport logistics systems market. Moreover, green freight, blockchain in freight management, and cloud and big data analytics are the key factors providing growth opportunities for the various players operating in this market.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the four major geographies (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. North America commanded the largest share of the global airport logistics systems market in 2017, followed by Asia Pacific and Europe. The increasing demand for the state-of-the art airport infrastructure; rising demand for warehouse management and operations to manage air cargo; growth in the air cargo traffic; and high demand for fast moving baggage systems are expected to drive the growth of the airport logistic market in this region.
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