Baggage Handling Systems market is at a growing stage and has achieved dominance in the past four decades due to strong aviation regulations. Airports are now improvising on the existing baggage handling systems to create hazard-free and secure-free preventive systems. With the help of transformed baggage handling systems, airports can make use of the BHS when it is an off-peak period by way of small size cargo. Baggage Handling Systems can bridge the gaps between aviation safety and security threats. Installation of Baggage Handling Systems at major airports in a country is a pro-active method of countering long waiting hours at baggage claim areas in the airport.
Baggage Handling Systems has given a new dimension to next generation airports, because most passengers would not like to go wait for long hours in the baggage claim area and also they do not like to worry about whether their bags will reach along with them. Manufacturers are constantly upgrading their existing models to reduce less waiting and develop human free systems.
The Global Baggage Handling Systems market revenue is expected to grow from $21.78 billion in 2012 to $30.66 billion by 2017, at an estimated CAGR of 7.08% from 2012 to 2017. APAC commanded the largest share of the Baggage Handling Systems market revenue in 2012 at $6.32 billion; and is expected to reach $9.06 billion by 2017, at a CAGR of 7.48% from 2012 to 2017. The agenda for the briefing includes discussion on key high growth markets, thereby marketing the growth trend in the Baggage Handling Systems market. Furthermore, a briefing is conducted on the competitive scenario, geographic trends and opportunities in the North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. About MarketsandMarkets
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers fourteen industry verticals, including aerospace and defense, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com