Global Airport RFID System Market by Frequency (Low, High, Ultra-High), Application (Baggage Tracking, Flyable Parts Tracking, Inventory Management, and Others), Type (Product (Tags, Readers), Software), and Region—Forecast till 2023
The well-known players in the airport RFID system market are listed as GlobeRanger (U.S.), RFID Global Solution, Inc. (U.S.), Rockwell Collins Inc. (U.S.), Grenzebach Group (Germany), BCS Group (Canada), Beumer Group (Germany), Siemens AG (Germany), Honeywell International Inc. (U.S.), Daifuku Company Ltd (Japan), and Confidex (Finland).
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Radio-Frequency Identification (RFID) usually uses radio waves to read and capture the information that is stored on a tag attached to an object. The RFID system is drastically used in airports for baggage handling, material management, and many others. RFID tags are also used to enhance the ability for baggage tracking, dispatching, and conveyance and thus, indirectly improve the airport management efficiency and passenger satisfaction.
Market Drivers and Trends:
The foremost driver for the airport RFID system market is the surge in the usage of security & access control application that brings opportunities in this market and contributing immensely to the market growth. Apart from these, the development of RFID tag with sensors and RFID labeling for the Internet of Things (IoT) applications are also considered as prime factors behind the market’s growth. Furthermore, the factors such as the rising installation of Airport RFID system and its applications are expected to motivate the global airport RFID system market during the forecast period.
On the flip side, the factors such as the high installation cost of an RFID system is posing as the vital restraint factor of the global airport RFID system market during the forecast period.
Global airport RFID system market, according to the study, is segmented on frequency, application, and type.
Based on the frequency type, the airport RFID system market is further segmented into low frequency, high frequency, and ultra-high frequency.
Based on application, the airport RFID system market is segmented into baggage tracking, flyable parts tracking, inventory management, and many more.
Based on type, the airport RFID system market includes product, under which tags and readers are included. The other segment is the software.
North America leads the airport RFID system market owing to the surged usage of RFID in the tracking of baggage, flyable parts tracking, and inventory management in airports. The region also now projects to inflate at a faster rate owing to the increase in expenses on RFID technologies. The U.S. has a high demand for RFID system for airport applications, and Canada has made some substantial investments in the expansion of RFID systems. The North American market is mostly lead by the U.S. as it has the most significant RFID system manufacturers.
In Europe, countries such as U.K, France, and Germany are measured to be significant contributors to market growth, owing to the occurrence of key manufacturers of the RFID system. On the other side, Asia-Pacific is likely to emerge as the fastest-growing region during the forecast period. The manufacturers in this region are adopting cost-effective technology in the RFID manufacturing process. Also, the increasing adoption of an airport RFID system in countries, such as China, Japan, and India, are likely to contribute to the growth of the market. Therefore, the airport RFID system market is anticipated to witness a CAGR of more than 8% during the forecast period.
Table of Content:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVES
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS. . .
List of Table:
TABLE 1 GLOBAL AIRPORT RFID SYSTEM MARKET, BY REGION, 2018–2023
TABLE 2 NORTH AMERICA: AIRPORT RFID SYSTEM MARKET, BY COUNTRY, 2018–2023
TABLE 3 EUROPE: AIRPORT RFID SYSTEM MARKET, BY COUNTRY, 2018–2023
TABLE 4 ASIA-PACIFIC: AIRPORT RFID SYSTEM MARKET, BY COUNTRY, 2018–2023
TABLE 5 MIDDLE EAST & AFRICA: AIRPORT RFID SYSTEM MARKET, BY COUNTRY, 2018–2023
TABLE 6 LATIN AMERICA: AIRPORT RFID SYSTEM MARKET, BY COUNTRY, 2018–2023
TABLE 7 GLOBAL AIRPORT RFID SYSTEM MARKET, BY FREQUENCY, 2018–2023
TABLE 8 NORTH AMERICA: AIRPORT RFID SYSTEM MARKET, BY FREQUENCY, 2018–2023
TABLE 9 EUROPE: AIRPORT RFID SYSTEM MARKET, BY FREQUENCY, 2018–2023
TABLE 10 ASIA-PACIFIC: AIRPORT RFID SYSTEM MARKET, BY FREQUENCY, 2018–2023. . .
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