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Airport Robots Market Analysis, Size, Share, Trends And Industry Forecast 2023-2032 | ABB Ltd., Avidbots Corp., Cyberdyne Inc., ECA Group, LG Corporation
Airport Robots Market Outlook
The Business Research Company's Airport Robots Global Market Report 2023 identifies increasing automation in airports as the major driver for the airport robots market's growth in the forecast period. 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.
The global airport robot market size is expected to grow from $1.11 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 15.86%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global airport robot market size is expected to reach $2.37 billion in 2027 at a CAGR of 16.38%.
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Major competitors in the airport robots market are ABB Ltd., Avidbots Corp., Cyberdyne Inc., ECA Group, LG Corporation, SITA, SoftBank Group Corp., UVD Robots, Advanced Navigation and Positioning Corporation (ANPC), Elenium Automation Pty Ltd., Fives Group, GreyOrange Pte. Ltd., Honeywell International Inc., NEC Corporation, Secom Co. Ltd. and Vanderlande Industries B.V.
A key trend in the airport robots market includes adoption of artificial Intelligence (AI). Major companies operating in the airport robot market are focusing on developing new technologies to sustain their position in the market. For instance, in January 2022, Secom Co. Ltd., a Japan-based security service provider launched Cocobo. Cocobo is a security robot that uses cutting-edge technology like AI and 5G to deliver a range of services like patrols and inspections. Cocobo moves autonomously along a predetermined patrol path while avoiding objects and people. It can patrol spaces with many stories, is integrated with lifts, and can patrol outdoors in all-weather situations because of its waterproof feature.
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The airport robots market is segmented -
• By Type: Humanoid, Non-Humanoid
• By Application: Landside, Terminal
• By End User: Airport Security, Boarding Pass Scanning, Airport Baggage Handling System, Passenger Guidance, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the airport robots market.
The Business Research Company's "Global Airport Robots Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Airport Robots Market Include:
1. Executive Summary
2. Airport Robots Market Characteristics
3. Airport Robots Market Trends And Strategies
4. Airport Robots Market - Macro Economic Scenario
5. Airport Robots Market Size And Growth
……………….
26. Africa Airport Robots Market
27. Airport Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airport Robots Market
29. Airport Robots Market Future Outlook and Potential Analysis
30. Appendix
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