Global Airport Robot Market Highlights over 2022 – 2030
The global airport robot market is estimated to grow at a CAGR of ~18% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing usage of robots for various applications at airport. Airports experience heavy passenger footfall each year, which is easier to manage with the help of automation and robotics. Robots are used for various purposes at airports, including, security, guidance, cleaning, and others. Moreover, automation and robotics can provide enhanced customer experience, improve efficiency and accuracy, and deliver multitasking. Airports require high security, which is easier to achieve with the assistance of robots. Such factors are estimated to boost the market growth. Moreover, the increasing adoption of technologies, such as, AI, and robotics, is further anticipated to boost the market growth.
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Additionally, the growing number of passengers at airports, backed by the surge in demand for air travel, is also estimated to boost the market growth. According to the data by the International Civil Aviation Organization (ICAO), the total number of passengers travelling through airways grew from 4.331 million in 2018 to 4.486 million in 2019, registering a growth of 3.6% in 2019.
The market is segmented by application into airport security, boarding pass scanning, cleaning services, airport baggage system, passenger guidance, and others, out of which, the air security segment is anticipated to hold the notable share in the global airport robot market over the forecast period on account of growing requirement of tight security at airports, backed by cases of violence and threats at airports.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Airport Robot Market Regional Synopsis
On the basis of geographical analysis, the global airport robot market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe region is estimated to witness noteworthy growth over the forecast period on the back of increasing number of international and domestic airports, along with high passenger footfall. Moreover, technological development in the region is estimated to boost the market growth.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the presence of high number of airports, along with the growing adoption of robotics. The rising technological advancement in the region is further expected to boost the market growth. The U.S. has more than 19,000 active domestic and international airports. This large number of airports is bound to increase the demand for airport robots in the region.
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The global airport robot market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global airport robot market includes the following segments:
By Type
- Landside
- Terminal
By Application
- Airport Security
- Boarding Pass Scanning
- Cleaning Services
- Airport Baggage System
- Passenger Guidance
- Others
Growth Drivers
- Growing Adoption of Automation and Robotics
- Increasing Number of Airports
Challenges
- High Capital Investment
- High Cost of Maintaining Airport Robots
Top Featured Companies Dominating the Market
- LG Electronics Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Cyberdyne Inc.
- Avidbots Corp.
- ECA GROUP
- Universal Robots A/S
- SoftBank Group Corp.
- Yujin Robot Co., Ltd.
- Stanley Robotics
- ABB Ltd.
- SITA
