Airport Robots Market

Global Airport Robots Market Size, Share, Growth Analysis, By End User(Airport Security, Boarding Pass Scanning), By Application(L, side) - Industry Forecast 2024-2031

Report ID: SQMIG45K2016 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 65

Global Airport Robots Market Insights

Airport Robots Market size was valued at USD 725.06 million in 2019 and is poised to grow from USD 834.47 million in 2023 to USD 2568.14 million by 2031, growing at a CAGR of 17.8% in the forecast period (2024-2031).

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.

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FAQs

The Global 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 Global 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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