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<strong>Airport</strong> <strong>RFID</strong> <strong>System</strong> <strong>Market</strong> Research Report<br />
By Forecast To 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Airport</strong> <strong>RFID</strong> <strong>System</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Global <strong>Airport</strong> <strong>RFID</strong> <strong>System</strong> <strong>Market</strong> by Frequency (Low, High, Ultra-High), Application (Baggage Tracking,<br />
Flyable Parts Tracking, Inventory Management, and Others), Type (Product (Tags, Readers), Software), and<br />
Region—Forecast till 2023<br />
Radio-Frequency Identification (<strong>RFID</strong>) uses radio waves to read and capture stored information on a tag attached to an<br />
object. A tag attached to an object can be detected from several feet away and does not need to be within the direct lineof-sight<br />
of the reader instrument. The <strong>RFID</strong> system is significantly used in airports for baggage handling, material<br />
management, and others. <strong>RFID</strong> tags are used to enhance the ability for baggage tracking, dispatching, and conveyance;<br />
indirectly it improves the airport management efficiency and passenger satisfaction.<br />
The airport <strong>RFID</strong> system market has been segmented into frequency, application, type, and region. Based on frequency, the<br />
market has been further segmented into low frequency, high frequency, and ultra-high frequency. Based on application, the<br />
market has been segmented into baggage tracking, flyable parts tracking, inventory management, and others. The baggage<br />
tracking segment is expected to grow at the fastest rate in this market during the forecast period. The growth of this<br />
segment can be attributed to the rise in air travel across the globe. Based on type, the market has been categorized into<br />
product and software. The product segment has been further sub-segmented into tags and readers. Among these, the tags<br />
segment of the market is projected to grow at the highest rate, during the forecast period, which is due to the reduction in<br />
the cost of tags.<br />
The key driver for the airport <strong>RFID</strong> system market is the increased usage of security & access control application. The<br />
opportunities in this market are the development of <strong>RFID</strong> tag with sensors and <strong>RFID</strong> labeling for Internet of Things (IoT)<br />
applications. However, the restraint to the market growth is the high installation cost of <strong>RFID</strong> system.<br />
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<strong>Airport</strong> <strong>RFID</strong> <strong>System</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Segmentation
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<strong>Airport</strong> <strong>RFID</strong> <strong>System</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
North America dominates the airport <strong>RFID</strong> system market due to the increased application of <strong>RFID</strong> in baggage tracking,<br />
flyable parts tracking, and inventory management in airports. The region is projected to grow at a faster rate due to rise in<br />
expenditure on <strong>RFID</strong> technologies. The U.S. has a very high demand for <strong>RFID</strong> system for airport applications. Lately, Canada<br />
has made some considerable investments in the development of <strong>RFID</strong> systems. The North American market is primarily<br />
dominated by the U.S., as U.S. has the largest number of <strong>RFID</strong> systems manufacturers. In Europe, the U.K, France, and<br />
Germany are the major contributors to the market growth, due to the presence of key manufacturers of <strong>RFID</strong> system. Asia-<br />
Pacific is expected to emerge as the fastest growing region during the forecast period. Manufacturers are adopting costeffective<br />
technology in the <strong>RFID</strong> manufacturing process. The growing adoption of airport <strong>RFID</strong> system in countries, such as<br />
China, Japan, and India, are expected to contribute to the growth of the market. Therefore, the airport <strong>RFID</strong> system market<br />
is estimated to witness a CAGR of more than 8% during the forecast period.<br />
Key Players<br />
The key players in the airport <strong>RFID</strong> system market are GlobeRanger (U.S.), <strong>RFID</strong> Global Solution, Inc. (U.S.), Rockwell Collins<br />
Inc. (U.S.), Grenzebach Group (Germany), BCS Group (Canada), Beumer Group (Germany), Siemens AG (Germany),<br />
Honeywell International Inc. (U.S.), Daifuku Company Ltd (Japan), and Confidex (Finland).<br />
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MARKET RESEARCH FUTURE<br />
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