World News: 09:52 GMT Friday 15th March 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, March 15, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.The airport smart baggage handling solutions market will register a CAGR of over 11% by 2023. The rising popularity of Airport 2.0 coupled with the growing investments in technological advances, has led to the joint proposal of the smart airport concept by the IATA and AO. This facilitates a seamless exchange of information between airport operators, airlines, and passengers and can increase the efficiency and profitability of the stakeholders during volatile economic conditions. This enhances operational efficiencies and offers a superior passenger experience and uninterrupted delivery of an array of personalized services. Owing to the increased operational advantages of smart airports several investments have been reported in the last couple of years. The connection will facilitate data communication among numerous vertical business systems at airports and drive intelligent airport operations, quick security responses and offer convenient and comfortable passenger experiences.In aviation, AI helps to examine collected data via algorithms, machine learning, and data mining. This helps to pull out the required intonation, analyze results, and transform data into actionable decisions. AI is efficient at managing airport operations, hence its integration has soared recently due to the emergence of smart airports.With the growing focus on enhancing SBH solutions, airlines are investing in smart baggage tags and baggage tracking devices. These baggage solutions are highly expensive, which restricts many airlines and airports from using them. Despite their high prices, these systems are steadily capturing the baggage market owing to their advantages over the existing baggage handling solutions.The market appears to be moderately concentrated with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
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Related Topics: Airports and Air Traffic Control
Globe Newswire: 09:52 GMT Friday 15th March 2019
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