Airport Robots Global Industry Report 2024-2028 and 2033: Widespread Adoption of Artificial Intelligence (AI) by Key players to Maintain Competitiveness - ResearchAndMarkets.com

The "Airport Robots Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

The airport robots market 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 observed in the historical period can be ascribed to several factors, including the early adoption of robotics, a rise in passenger traffic, a focus on improving efficiency and productivity, the implementation of enhanced safety measures, and initiatives aimed at cost savings.

The airport robots market 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 anticipated growth in the forecast period can be attributed to the expansion of passenger traffic, increased automation for efficiency, widespread adoption of AI and machine learning, initiatives for cost reduction, and collaborative efforts with airlines and airports. Key trends expected in the forecast period encompass the enhancement of passenger experience, the deployment of sanitization and cleaning robots, automation in baggage handling, the utilization of security and surveillance robots, and the implementation of contactless services.

The anticipated rise in automation within airports is poised to significantly enhance the growth of the airport robots market in the future. Automation, characterized by the development and implementation of technology to produce and deliver goods and services with minimal human interaction, is revolutionizing various tasks that were traditionally performed manually. Airport robots, integral to this automation technology, contribute to the efficiency and reliability of tasks performed within airports.

These robots execute tasks with increased accuracy and speed, thereby improving the overall passenger experience. In April 2023, SITA, a Switzerland-based information technology company in the air transport industry, reported in its 2022 Airport IT Insights Survey that there has been a surge in investments in information technology for digitalization and automated technologies at airports. The estimated spending in 2022 reached $6.8 billion, representing an increase from 4.66% of revenue in 2021 to 4.73% in 2022. Consequently, the escalating automation in airports is a key driver behind the growth of the airport robots market.

The increasing number of air travel passengers is also expected to contribute significantly to the expansion of the airport robots market in the foreseeable future. Air passengers, individuals traveling by air on commercial airlines or private aircraft for various reasons, benefit from the pivotal role played by airport robots in enhancing their overall travel experience. These robots provide efficient and contactless services, including delivering goods directly to gates and streamlining processes.

The predominant trend in the airport robot market is the widespread adoption of Artificial Intelligence (AI), with major companies striving to develop cutting-edge technologies to maintain their market positions.

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. The countries covered in the airport robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Companies Featured

• 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

Key Topics Covered:

1. Executive Summary

2. Airport Robots Market Characteristics

3. Airport Robots Market Trends and Strategies

4. Airport Robots Market - Macro Economic Scenario

4.1. Impact of High Inflation on the Market

4.2. Ukraine-Russia War Impact on the Market

4.3. COVID-19 Impact on the Market

5. Global Airport Robots Market Size and Growth

5.1. Global Airport Robots Market Drivers and Restraints

5.1.1. Drivers of the Market

5.1.2. Restraints of the Market

5.2. Global Airport Robots Historic Market Size and Growth, 2018-2023, Value ($ Billion)

5.3. Global Airport Robots Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)

6. Airport Robots Market Segmentation

6.1. Global Airport Robots Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Humanoid
• Non-Humanoid

6.2. Global Airport Robots Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Landside
• Terminal

6.3. Global Airport Robots Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Airport Security
• Boarding Pass Scanning
• Airport Baggage Handling System
• Passenger Guidance
• Other End Users

7. Airport Robots Market Regional and Country Analysis

7.1. Global Airport Robots Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Airport Robots Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/wzsqzj

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