Airport Robots Market Size was valued at USD 834.47 million in 2022. The Airport Robots Market is projected to grow to USD 2768.14 million by 2032, exhibiting a compound annual growth rate (CAGR) of 15.4% during the forecast period (2022 - 2032).
Robots are becoming more common at airport terminals as technology interacts with passengers and boosts efficiency. Many robots can learn new things and expand their expertise thanks to artificial intelligence and machine learning technology. The robots will be able to give passengers more pertinent information as technology develops, and they will also provide airport managers and airlines with more operational advantages.
According to the numbers cited above, global air passenger traffic has increased over time. As the number of passengers increases, robotic technology will be used to perform security procedures, health inspections, cleaning procedures, and other tasks. British Airways built 80 automated bag-drop devices at the facility and experimented with self-driving luggage cars to provide practical solutions amid the increase in passengers. Robotic technology usage decreased the number of lines, sped up, and improved travel times. During the projected period, it is estimated that these factors would fuel the worldwide market for airport robots.
Due to the long and time-consuming check-in procedures at all major airports, travellers must arrive at the airports well before the scheduled flight time. Robots have streamlined the check-in procedure for passengers and are assisting airlines in saving time, money, and human resources; therefore, certain airports that have adopted robotic technology are benefiting.
Covid 19 Analysis
The outbreak of the global pandemic covid 19 is extensively affecting the global airport robots market the cancellations of flights around the globe due to the stringent regulation of the government for a complete lockdown has immensely affected the market. In order to prevent any unwanted accidents at airports all over the world, the key players have taken a step to start testing autonomous robots that are predicted to help security officials provide an adequate amount of security at the airport.
Drivers
The rising airport security robots for the application of security are highly sensitive and it requires manual workfare which ultimately increases the overall expenditure. On contrary, the deployment of robots is decreasing the expenses of security and increasing the effectiveness. This in turn is adding fuel to the growth of the global airport robots market demand over the forecast period. The counts of robots are increasing rapidly due to their good performances in security, cleaning, and entertainment. The increasing automation around airports worldwide is another major driving factor of the market.
Opportunities
The increasing adaptation of automation technologies including artificial intelligence to manage the bookings of airlines is likely to create lucrative opportunities for the major key players of the global Airport Robots Market
Restraints
The high cost of production airport robots is likely to hamper the growth of the airport robots market and can be considered as a major restraint of the global market.
Challenges
The high cost of maintaining airport robots can be considered a major challenge for the global airport robots Industry.
Cumulative Growth Analysis
According to the surveys of Air Transport IT insights, near about one-third of the total airports around the world are looking for robots to monitor the feasibility of airport automation. Stanley Robotics is proving automated velvet parking solutions at the Franc’s Lyon-Saint Exupery airport. Europe is considered as a home of some leading airport company’s such as ABB Ltd, SITA, and Stanley Robotics, among others. Airports such as La Guardia Airport and Hamad International Airport are likely to start deploying security robots in order to provide airport security. These high levels of security come within build facial recognition systems, sensors, and cameras. These robots can also measure pulse rate, can detect suspicious person, fake currencies, credit card explosives, abandoned objectives without even disturbing the passenger flow at the terminal of the airport.
Value Chain Analysis
According to the latest research report, the global airport robots market is segmented on the basis of application, and regions. On the basis of application the global airport robots industry is divided into landslide and terminal. The landslide segment f further segmented into velvet parking. The landslide segment accounts for the majority of the airport robots industry share in the year 2019 as these areas are open for parking and public use. Small robots are allotted here to clean the landside areas. Velvet parking is gaining popularity in the recent past because robot parking not only saves time but also uses the optimum spaces as well. The busiest airports around the globe are adopting these automated parking solutions.
On the basis of the terminal, the global airport robots market is segmented into airport security and boarding g pass scanning. The terminal segment accounts for the second largest share in the market in the year 2019. Robots are used at the terminals of the airports which provides passengers with information of terminal and wayfinding to gain traction. Robots are made using artificial intelligence technology and facial recognition technologies which can detect any threats and inform the security personnel. The boarding pass scanning segment is predicted to register significant growth over the forecast period. Robots help in scanning passengers’ boarding passes and reduce the overall check-in timings. Furthermost, these airport robots also carry the luggage of passengers as well.
The market is segmented on the basis of the data type, component, deployment, organization size, vertical, and region. The global airport robots market is expected to witness decent growth during the forecast period.
By Application
Based on the application, the market is segmented into landslide and terminal
By end-users
Based on the propulsion types, the market is segmented into airport security, boarding pass scanning, airport baggage system, and passenger guidance.
Regional Analysis
According to the reports, on the basis of region, the global airport robots market is segmented into North America, Europe, Asia Pacific, the middle east and Africa, and Latin America. North America is expected to dominate the airport robots market due to the presence of prominent players in the market and the increasing automation in airports. North America is the business airport in the world hence the government is expected to significantly increase the expenditure to ensure safety. The European region is expected to witness significant growth due to the early adaptation of airport automation technologies in this region. The Asia Pacific region is predicted to exhibit a high CAGR during the forecast period due to the rising adaptation of automation technologies at airports of countries like South Korea, Japan, and China.
The increase in expenditure of defense by the countries including Israel, Saudi Arabia, and UAE is raising the demand for robots in the market in the Middle East & Africa region. UAE and Saudi Arabia are some of the world’s leading travel destinations which adding fuel to the growth of the global market in this region. Latin America is expected to witness significant growth in the development of infrastructure, there would be a magnificent investment by the private players for the modernization of airports as Brazil is becoming a major travel destination in this region.
The global airport robots market is amalgamated with only a few players controlling the market. These key companies have been engaged in several initiatives and innovations of launching better products which have strengthened their position in the global airport robots market.
Major Key Players
Report Overview
The following report comprises of –
By application-
Velvet parking
Airport security
Boarding pass scanning
Region
North-America
Europe
Asia-Pacific
Middle east & Africa
South America
Airport Robots Market Highlights:
Frequently Asked Questions (FAQ) :
A 15.4% CAGR is predicted to accomplish by the airport robots market in the coming year.
ABB Ltd,LG Electronics Inc.,SoftBank Corp.,Stanley Robotics,SITA,YUJIN ROBOT Co.,Ltd.,Universal Robots A/S,ECA GROUP,Avidbots Corp,Cyberdyne Inc
North America is expected to dominate the airport robots market
increasing adaptation of automation technologies including artificial intelligence to manage the bookings of airlines is likely to create lucrative opportunities
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Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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