Overview and Scope
Airport robots are devices built to carry out various duties at an airport, including helping travelers with their baggage, offering information and directions, and doing security checks. Airport robots are used for various tasks such as towing airplanes, passenger assistance, baggage handling, and other applications.
Sizing and Forecast
The airport robots market size has grown rapidly in recent years. It will grow from $1.29 billion in 2023 to $1.5 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to early adoption of robotics, increasing passenger traffic, emphasis on efficiency and productivity, improved safety measures, cost-saving initiatives.
The airport robots market size is expected to see rapid growth in the next few years. It will grow to $2.79 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to passenger traffic growth, automation for efficiency, adoption of ai and machine learning, cost reduction initiatives, collaboration with airlines and airports. Major trends in the forecast period include enhanced passenger experience, sanitization and cleaning robots, baggage handling automation, security and surveillance robots, contactless services.
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Segmentation & Regional Insights
The airport robots market covered in this report is segmented –
1) By Type: Humanoid, Non-Humanoid
2) By Application: Landside, Terminal
3) By End User: Airport Security, Boarding Pass Scanning, Airport Baggage Handling System, Passenger Guidance, Other End Users
North America was the largest region in the airport robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global airport robot market report during the forecast period. The regions covered in the airport robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing automation in airports is expected to boost the growth of the airport robots market going forward. Automation is the development and implementation of technology to produce and deliver goods and services with little or no human interaction. The use of automation technology, techniques, and procedures makes various tasks that were performed manually more efficient, dependable, and quicker. Airport robots are part of the automation technology that makes the various tasks performed in the airport more efficient and dependable. These robots perform the tasks with more accuracy and in lesser time which improves the experience of the passengers. For instance, in April 2023, SITA, a Switzerland-based information technology company in the air transport industry, released the 2022 Airport IT Insights Survey report, which shows that there has been an increase in investments in information technology for the introduction of digitalization and automated technologies in the airports, with the spending rising to an estimated $6.8 billion in 2022. This spending as a percent of revenue has risen from 4.66% in 2021 to 4.73% in 2022. Therefore, the increasing automation in airports is driving the growth of the airport robots market going forward.
Key Industry Players
Major companies operating in the airport robots market report are ABB Ltd., Avidbots Corp., Cyberdyne Inc., ECA Group, LG Corporation, SITA, SoftBank Group Corp., UVD Robots, Advanced Navigation and Positioning Corporation, Elenium Automation Pty Ltd., Fives Group, GreyOrange Pte. Ltd., Honeywell International Inc., NEC Corporation, Secom Co. Ltd., Vanderlande Industries B.V., Stanley Robotics, YUJIN ROBOT Co. Ltd., Aero Sentinel, Airport Robotics, Omron Corporation, RoboCV LLC, Aviabotics, Blue Ocean Robotics, Boston Dynamics, Clearpath Robotics, Simbe Robotics, F Robotics AG, Incheon International Airport Corporation, Knightscope
The airport robots market report table of contents includes:
1. Executive Summary
2. Airport Robots Market Characteristics
3. Airport Robots Market Trends And Strategies
4. Airport Robots Market – Macro Economic Scenario
5. Global Airport Robots Market Size and Growth
…
31. Global Airport Robots Market Competitive Benchmarking
32. Global Airport Robots Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airport Robots Market
34.Airport Robots Market Future Outlook and Potential Analysis
35. Appendix
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