USD 725.06 million
Report ID:
SQMIG45K2016 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
65
Airport Robots Market size was valued at USD 834.47 Million in 2023 and is poised to grow from USD 983.01 Million in 2024 to USD 3025.27 Million by 2032, growing at a CAGR of 17.8% during the forecast period (2025-2032).
Robots are being used in airports all around the world to aid staff members in interacting with passengers and providing assistance. Additionally, robots are being tested in airports all over the world to provide information, direction, and entertainment options for travellers. Robots have also been introduced to the cleaning and security industries. Future Airport Robots market growth is probably being driven by the rising number of robots being deployed in airports around the world. In the coming years, it is anticipated that the use of high-tech robots would improve airport services and boost consumer satisfaction. Thus, future growth prospects for the market are anticipated as Artificial Intelligence and chatbots are increasingly used to handle airline bookings and inquiries.
US Airport Robots Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 725.06 million
Largest Segment
Terminal
Fastest Growth
Landside
Growth Rate
17.8% CAGR
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The Global Airport Robots Market is segmented based on end user, application, type and by region. Based end user Airport Robots Market is categorized into Airport Security, Boarding Pass Scanning, Airport Baggage System, Passenger Guidance, and Others. By Application it is segmented Landside and Terminal. Based on Type Airport Robots Market is categorized in Humanoid and Non-humanoid. Based on region Airport Robots Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Airport Robots Market Analysis by End User
Based on End User, the market is segmented into Airport Security, Boarding Pass Scanning, Airport Baggage System, Passenger Guidance, and Others. The airport security segment has the largest Airport Robots Market share of all segments. Airport security is one of the most pressing concerns for airport officials around the world. Because of the rise in terrorism around the world, airport officials are taking extra precautions and focusing their attention on airport security. Airports such as Hamad International and La Guardia have started to deploy security robots to provide the next level of airport security.
Airport Robots Market Analysis by Application
In 2021, the terminal segment dominated the market, and it is expected to continue to dominate throughout the forecast period. Robots are becoming more popular in airport terminals as technology is used to communicate with passengers and increase productivity. Because of artificial intelligence and machine learning technologies, many robots can learn and improve their knowledge. The demand for smart airport robots for smart car parking applications is expected to drive significant growth in the landside segment during the forecast period.
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In 2021, North America has a market size of more than 100 million. North America has been a Airport Robots Market leader in the aerospace sector, thanks to large corporations and a strong infrastructure. A large number of airports in the United States, as well as the rapid adoption of modern airport technologies to improve passenger experience, are expected to drive Airport Robots Market growth in North America. During the forecast period, the Asia Pacific region is expected to grow at a faster rate in the market. China has one of the world's fastest-growing aviation markets. According to the International Air Transport Association, China will soon overtake the United States as the world's largest aviation market.During the forecast period, the Asia-Pacific region is anticipated to develop faster than other regions in the airport robotics market. One of the air transport markets with the highest growth is China. By the middle of 2022, China is expected to overtake the United States as the world's largest aviation market, according to the IATA (International Air Transport Association). Long-term, a high passenger demand is projected to be supported by China's economy's rebalancing.
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Major Airport Robots Market players such as Stanley Robotics, SITA, ABB Ltd, and LG Electronics Inc. are constantly innovating in order to provide advanced airport robots. Moreover, they are increasing their R&D investment as well as their interest in technological adoption, strategic acquisition, and collaboration in order to design and develop modern humanoid airport robots. Furthermore, to sustain their Airport Robots Market position, key companies have implemented organic and inorganic growth strategies such as new robot launches and long-term contracts with airport authorities.
Airport Robots Market Top Players Company Profiles
Airport Robots Market Recent Developments
Among all the segments, airport security now has the biggest share. One of the main worries that airport personnel face globally is airport security. Airport officials are being extra cautious and focused on airport security as a result of the rise in terrorism throughout the world.
Airports all over the world have gone one step further and begun testing autonomous robots, which is intended to help security authorities provide proper security at the airport, in an effort to avert any unwelcome situations.
To guarantee the utmost in airport security, airports like La Guardia and Hamad International Airport have begun deploying security robots. The robots have sensors, cameras, and a facial recognition system integrated in. They can detect suspicious people, credit cards, phoney money, abandoned things, and explosives without interfering with the flow of travellers through the airport terminal because to their ability to assess pulse rates remotely.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, developing countries have evolved into a hub of opportunities for a variety of markets. Government officials in these countries are planning and investing heavily in technological advancement to improve overall infrastructure. Transportation and logistics activities are significant contributors to any country's development; as a result, developing countries are focusing heavily on enhancing and improving their transportation and logistics infrastructure, including air, road, and sea transport. The incorporation of Artificial Intelligence (AI) technology with airport robots could result in robots performing various airport operations such as security, cleaning, boarding pass scanning, valet parking, and luggage handling, in addition to acting as passenger guidance systems.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 725.06 million |
Market size value in 2031 | USD 2568.14 million |
Growth Rate | 17.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered | s Company Profiles
|
Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Airport Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Airport Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Airport Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Airport Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
The Airport Robots Market size was valued at USD 0.65 billion in 2021, and it is expected to reach a value of USD 2.08bBillion by 2028, at a CAGR of 18.10 % over the forecast period (2022-2028).
Major Airport Robots Market players such as Stanley Robotics, SITA, ABB Ltd, and LG Electronics Inc. are constantly innovating in order to provide advanced airport robots. Moreover, they are increasing their R&D investment as well as their interest in technological adoption, strategic acquisition, and collaboration in order to design and develop modern humanoid airport robots. Furthermore, to sustain their Airport Robots Market position, key companies have implemented organic and inorganic growth strategies such as new robot launches and long-term contracts with airport authorities. 'LG Electronics Inc. (South Korea)', 'SoftBank Corp. (Japan)', 'ABB Ltd (Switzerland)', 'Stanley Robotics (UK)', 'SITA (Switzerland)', 'YUJIN ROBOT Co., Ltd. (South Korea)', 'Universal Robots A/S (Denmark)', 'ECA GROUP (France)', 'Avidbots Corp (US)', 'Cyberdyne Inc. (Japan)'
Airlines' increasing emphasis on providing advanced airport facilities to improve passenger experience and security fuels the demand for security and airport cleaning robots. Airport security is a sensitive issue for airport authorities, and it also necessitates manual work, raising overall security operation costs. On the other hand, the use of robots reduces the cost of security operations while increasing efficiency and accuracy. As a result, the Airport Robots Market is expected to expand during the forecast period.
Among all the segments, airport security now has the biggest share. One of the main worries that airport personnel face globally is airport security. Airport officials are being extra cautious and focused on airport security as a result of the rise in terrorism throughout the world.
In 2021, North America has a market size of more than 100 million. North America has been a Airport Robots Market leader in the aerospace sector, thanks to large corporations and a strong infrastructure. A large number of airports in the United States, as well as the rapid adoption of modern airport technologies to improve passenger experience, are expected to drive Airport Robots Market growth in North America. During the forecast period, the Asia Pacific region is expected to grow at a faster rate in the market. China has one of the world's fastest-growing aviation markets. According to the International Air Transport Association, China will soon overtake the United States as the world's largest aviation market.During the forecast period, the Asia-Pacific region is anticipated to develop faster than other regions in the airport robotics market. One of the air transport markets with the highest growth is China. By the middle of 2022, China is expected to overtake the United States as the world's largest aviation market, according to the IATA (International Air Transport Association). Long-term, a high passenger demand is projected to be supported by China's economy's rebalancing.
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Report ID: SQMIG45K2016
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