Airport Robots Market to Witness Excellent Growth by 2028 | SITA, ABB Ltd, Avidbots Corp, Cyberdyne Inc., ECA GROUP

The latest Airport Robots market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Airport Robots market.

According to our latest study on “Airport Robots Market Forecast to 2028– COVID-19 Impact and Global Analysis – by Service Type, Media Type, and Vertical,”the market is expected to grow from US$ 512.56 million in 2021 to US$ 2108.29 million by 2028; it is estimated to register a CAGR of 22.4% from 2021 to 2028.

With the rise in real and perceived threats to the national security, continuous efforts are being taken to come up with innovative active interrogation approaches to identify these threats. The most instant perceived threats and their essential materials comprise conventional explosives, weapons, chemical agents, and contraband. With intent to prevent uncertain events, authorities worldwide are actively focusing on the deployment of advanced systems, including robots, to strengthen security at airports. The robots used for security application at airports are integrated with features such as facial recognition systems, sensors, and cameras to measure pulse rate remotely, which allows them to detect suspicious persons, currencies, weapons and explosives, abandoned objects, and other illicit material without disturbing the operations or flow of passengers at airports. Furthermore, the governments of various countries are investing in the development of their transport infrastructure, including building of new airports. For instance, the Chinese government plans to construct additional 215 airports by 2035. Furthermore, the Indian government plans to build 100 new airports across the country by 2024.

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Top Listed Players in this Report are:
SITA, ABB Ltd, Avidbots Corp, Cyberdyne Inc., ECA GROUP, LG Electronics Inc., SoftBank Corp., Stanley Robotics, Universal Robots A/S, YUJIN ROBOT Co.,Ltd.

The global airport robots market is segmented by application. Based on application, the market is segmented into landside/valet parking and terminal. The terminal segment dominated the market in 2020. The terminal segment is sub-segmented into airport security and cleaning, boarding pass scanning, airport baggage system, and passenger guidance. The airport security and cleaning segment led the market in 2020.

The airport robots market is experiencing significant growth owing to increasing importance for security at airports. However, the high cost of robots hampers their adoption, especially at small airports in developing or under-developed countries. Meanwhile, the number of air passengers worldwide has increased due to surge in business travel and leisure travel. With the growing footfall at airports, the airport authorities are investing significantly in advance technologies, including robotics, for streamlining their operations. According to a survey conducted by the Air Transport IT Insights, ~32% of airports in the world are in the favor of increasing robotics involvement in their operations.

Various big construction projects, including airport modification and expansion were halted due to COVID-19, specifically in countries such as the US and Canada. For instance, Raleigh-Durham International Airport was on pace to expand its Terminal 1 from nine gates to as many as 22 and proceed with a new security checkpoint and a consolidated rental car facility. The projected expansion was halted due to the pandemic. Similarly, an infrastructure project at Vancouver International Airport has been terminated due to the COVID-19 crisis. Due to stoppage in such big project (expanded till quarter 3 of 2020), airport robots manufacturers lost several potential clients/projects, which impacted their overall cash flow. The impact was not only from the demand side, but also from the supply side. As manufacturing facilities in the region were not operational for months, the supply chain was disrupted and the procurement of raw material was interrupted. Due to this, OEMs saw prominent challenges in keeping up with the quarterly revenue. Airports also witnessed the importance of robots and other machinery because of reduction of human touch. Moreover, the analysis states that the FY2021 would bring additional demand for airport robots, as airport development projects resume and airport authorities prepare to focus significantly on health and safety of passengers.

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Airport Robots Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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