Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Market Outlook for RFID Systems at AirportsAirport RFID System Market Size is projected to grow at a CAGR of 10.1% from 2020 to 2030, or USD 10.78 billion.
The Airport RFID System market is significantly influenced by a multitude of factors that collectively shape its dynamics and growth. Technological advancements and the increasing need for efficient baggage tracking and passenger identification systems drive the demand for RFID (Radio-Frequency Identification) solutions in airport operations. RFID systems enable real-time tracking of luggage, enhance security measures, and streamline airport processes, contributing to the growing adoption of RFID technology in the aviation industry.
Regulatory compliance and international standards play a pivotal role in shaping the Airport RFID System market. Regulatory bodies, such as the International Air Transport Association (IATA) and the International Civil Aviation Organization (ICAO), set guidelines and standards for baggage tracking and security measures. The global push for standardization in airport operations encourages the adoption of RFID systems to ensure seamless integration and interoperability across airports worldwide.
Economic factors, including the overall financial health of the aviation industry, impact the adoption of RFID systems in airports. The initial investment required for implementing RFID technology may pose challenges for airports during economic downturns when budgets are constrained. However, the potential long-term benefits, such as improved operational efficiency, reduced baggage mishandling, and enhanced security, make RFID systems an attractive investment for airports seeking to optimize their processes and enhance the passenger experience.
The increasing passenger traffic and the need for quick and accurate baggage handling influence the dynamics of the Airport RFID System market. As the number of air travelers continues to rise globally, airports face the challenge of efficiently managing baggage flows. RFID technology facilitates automated baggage tracking, reducing the risk of mishandling and improving the overall efficiency of baggage handling systems.
Competitive dynamics among RFID system providers and technology vendors are crucial market factors. Companies vie for contracts by offering reliable and scalable RFID solutions, innovative features, and competitive pricing. The ability to provide end-to-end solutions that address the specific needs of airports, including baggage tracking, security, and passenger identification, distinguishes leading providers in a competitive market.
Technological integration and advancements in RFID systems contribute to market growth. As RFID technology evolves, airports seek solutions that offer enhanced functionalities, such as real-time location tracking, data analytics, and integration with other airport management systems. The integration of RFID technology with existing airport infrastructure is a key consideration for airports looking to upgrade their operations without significant disruptions.
Environmental considerations are gaining prominence in the Airport RFID System market. As the aviation industry embraces sustainability goals, airports are exploring RFID solutions that contribute to eco-friendly practices. The reduction of paper-based processes, efficient baggage handling, and optimized passenger flows enabled by RFID technology align with broader initiatives to minimize the environmental impact of airport operations.
Airport RFID System Market Highlights:
Airport RFID System Market ScenarioAirport RFID System Market Size is expected to reach USD 10.78 Billion by 2032, registering a CAGR of 10.1% during 2024-2032.
Radio-Frequency Identification (RFID) uses radio waves to capture and analyze stored information. RFID products in airports are in the form of tags or stickers attached to an object. Tags are attached to an object that can be detected using an RFID scanner. RFID system is primarily used for material management and baggage handling. RFID tags are also used to enable the ability for dispatching, baggage tracking, and conveyance. Thus, it improves the efficiency of airport management thereby enabling passenger satisfaction.
The airport RFID system market is segmented into frequency, application, type, and region. Based on frequency, the airport RFID system market is segmented as low frequency, high frequency, and ultra-high frequency. Based on application, the global market is segmented into baggage tracking, flyable parts tracking, inventory management, and others. The baggage tracking segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the rise in air travel across the globe. Based on type, the global market is divided into product and software. The product segment is further sub-segmented as tags and readers. Among these, the tags segment of the market is expected to grow at a higher rate during the forecast period, due to the reduction in the cost of tags.
The key driver for the airport RFID system market is the growing use of security and access control applications. Opportunities currently present in this market include the development of RFID tag with embedded sensors and RFID labeling for Internet of Things (IoT) applications. However, the high installation cost of RFID system is expected to restrain the market growth.
Segmentation of the Global Airport RFID System Market 
North America dominated the airport RFID system market in 2018 owing to the increased use of RFID in flyable parts tracking, baggage tracking, and inventory management at airports. The region is estimated to grow at a high rate due to a rise in expenditure on RFID technologies. The US is expected to register a high demand for RFID systems in airport applications. In recent years, Canada some considerable investments towards developing RFID systems.
The North American market is dominated by the US as it has the largest number of RFID systems manufacturers. In Europe, the UK, France, and Germany are the key contributors to market growth, owing to the presence of key RFID system manufacturers. Asia-Pacific is expected to register the highest CAGR during the forecast period. RFID Manufacturers are increasingly adopting cost-effective manufacturing process. Growing adoption of airport RFID systems in countries, such as China, India, and Japan are expected to contribute towards the market growth. Thus, the airport RFID system market in the region is estimated to witness a CAGR of more than 8% during the forecast period.
Key Players of Airport RFID System Market
The key players in the global airport RFID system market are GlobeRanger (US), RFID Global Solution, Inc. (US), Rockwell Collins Inc. (US), Grenzebach Group (Germany), BCS Group (Canada), Beumer Group (Germany), Siemens AG (Germany), Honeywell International Inc. (US), Daifuku Company Ltd (Japan), and Confidex (Finland).
Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
- Secondary Research
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
- Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Key Insights of Airport RFID System Market
-
Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
-
Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
-
Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
-
Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
-
Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
-
Regional attractiveness and related growth opportunities
Report Customization
MRFR offers report customization to valued customers. Below are the options available for customization:
- Company Profiles
In-depth profiling of additional market players (3 to 4 companies)
- Country-Level Analysis
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
Intended Audience
- RFID products manufacturers
- Aviation authorities
- Component providers
- Regulatory bodies
- Government authorities
- Research institutes
- Regulatory bodies
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
