Global Airport Robots Market Size 2024, Forecast To 2033
6 Mar, 2024
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.
Global Airport Robots Market Key Driver
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 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.
Get A Free Sample Of The Global Airport Robots Market ReportGlobal Airport Robots Market Segments
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
By Geography:The regions covered in the airport robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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
Major Airport Robots Industry Players
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
Get The Full Global Airport Robots Market Report
Airport Robots Market Overview
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.
Airport Robots Global Market Report 2023 provides data on the global airport robots market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The airport robots market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.