Baggage handling systems market trends
The baggage handling system market size is estimated at USD 6.45 Billion in 2015 and is projected to reach USD 9.36 Billion by 2020, at a CAGR of 7.72% during the forecast period from 2015 to 2020. The market for RFID in air industry is expected to grow at even higher rates due to very demanded features, like easier identification of baggage and more reliable bag tracking capabilities.
Being one of the RFID Baggage handling market players, our company have performed numerous surveys on this market. We have also participated in several research activities by independent consultants and air industry players. And one of the recent research on RFID Baggage Handling market shows that our RFID baggage tracking solution firmly stands out among competition with the features considered necessary on the market, such as high bag tag readability at 99.99%, real-time operation and alerts, a considerable reduction in baggage mishandling.
Some of the researchers recognize our solution as a leader in the global baggage tracking market in the air industry.