Albany, NY -- (SBWire) -- 07/27/2017 --This industry research report identifies AKRB, CHAMP, Mercator, Sabre Airline Solutions, and Wipro as the key vendors in the global aviation cargo management systems market. This industry research report also presents a competitive analysis of the market by product type (warehouse and operation management system, freight information system, and aviation warehouse and operation management system) and by geography (the Americas, APAC, and EMEA).
Overview of the global aviation cargo management systems market -
Market research analysts at Technavio predict that the global aviation cargo management systems market will grow steadily at a CAGR of more than 12% by 2021. This market research analysis identifies the development of dedicated cargo terminals as one of the primary growth factors for this market. There is an increasing need to develop more dedicated cargo terminals to accommodate the increasing global air cargo traffic. The air cargo trade gets specialized offerings because of the dedicated freight operators and aircrafts. Major airports across the globe are being used for bonded and heavy export cargo-related activities. Dedicated cargo terminals have the need to meet the international security standards and efficiently handle air cargo activities and are investing significantly in efficient and next-generation cargo management systems.
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The market research report identifies the increasing adoption of RFID technology as one of the key trends behind the growth of the aviation cargo management systems market. Radio frequency identification (RFID) technology is popularly being used to support supply chain management of cargo-related activities as it aids the operators in establishing integrated tracking and visibility framework at cargo terminals. Few aircrafts use RFID tags for tracking hazardous and volatile materials before placing them on pallets or loading them on an aircraft. It is estimated that the implementation of this new technology will accelerate the cargo acceptance process. Additionally, the implementation of RFID tags on unit load device (ULD) tags also minimizes the occurrence of human errors and ensures data accuracy.
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The aviation cargo management systems market is fragmented due to the presence of numerous vendors who are facing threat from the new entrants as the new entrants offer better and cost-efficient technologies and solutions. The vendors engage in strategic partnerships and initiatives in addition to M&A to improve and enhance their product portfolio. Vendors with greater financial and technical resources can bring substantial changes in the existing cargo management system and can introduce next-generation solutions, which may help them realize the development costs in shorter time frame.
The leading vendors in the market are -
- AKRB
- CHAMP
- Mercator
- Sabre Airline Solutions
- Wipro
The other prominent vendors in the market are Accenture, Hexaware Technologies, Magaya, NIIT Technologies, and Kale Logistics.
Segmentation by system type and analysis of the aviation cargo management systems market
- Warehouse and operation management system
- Freight Information System
- Aviation warehouse and operation management system
During 2016, the warehouse and operation management system segment accounted for the major shares of the aviation cargo management systems market. The utilization of management systems smoothens the flow of cargo in the warehouse, which will be the major factor fueling the segments growth.
Geographical segmentation and analysis of the aviation cargo management systems market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the aviation cargo management systems market throughout the forecast period. The region contributes to the maximum share of the intercontinental trade and is increasingly adopting support mechanisms such as the cargo management systems to maintain the pace of trade.
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Aviation Cargo Management Systems Market Will Grow Steadily at a CAGR of More Than 12% by 2021