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Airport Kiosk System Market Trends Analysis, Market Opportunities, Key Players, Share And Forecast To 2033
Airport Kiosk System Market
According to The Business Research Company's, The airport kiosk system market size has grown strongly in recent years. It will grow from $1.93 billion in 2023 to $2.10 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to passenger volume growth, operational efficiency, enhanced passenger experience, cost savings, technology advancements, and regulatory compliance.
The airport kiosk system market size is expected to see strong growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to digital transformation, COVID-19 impact, enhanced security measures, rising passenger expectations, efficiency and cost savings, regulatory compliance, personalization, and data analytics. Major trends in the forecast period include integration of AI and machine learning, expansion of contactless solutions, multi-functional kiosks, customization and branding, enhanced security features, data analytics for optimization, sustainability initiatives, and cloud-based solutions.
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Market Drivers and Trends:
The increasing passenger volume is expected to propel the growth of the airport kiosk system market going forward. Passenger volume refers to the total number of people who travel through an airport within a certain period, which is usually measured in days, months, or years. The increase in passenger volume can be attributed to various factors, such as economic growth, population growth, improved transportation infrastructure, and changes in travel preferences. Airport kiosk systems help accommodate high passenger volumes by streamlining check-in processes, reducing wait times, and enhancing the passenger experience. These systems empower travelers to manage their journey independently, contributing to smoother airport operations and customer satisfaction. For instance, in February 2023, according to the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, the number of air passengers carried in 2022 increased by an estimated 47% compared to 2021, while revenue passenger kilometers (RPK's) increased by around 70% over the same period. Therefore, the increasing passenger volume is driving the growth of the airport kiosk system market.
Major companies operating in the airport kiosk system market are developing advanced technologies, such as cutting-edge biometric technology, to gain a competitive edge in the market. Biometric technology in kiosk systems uses biometric facial recognition technology to identify travelers as they approach the automated boarding gate, enhancing security and streamlining the boarding process. For instance, in June 2022, Vision-Box, a Portugal-based provider of biometric solutions, introduced the Seamless Kiosk, a biometric technology designed to revolutionize the travel experience. This advanced kiosk streamlines and enhances the travel experience by incorporating top-notch biometric and biographic capture capabilities, automatic height adjustment, intelligent light adjustments, and a sophisticated traveler guidance system. Its primary goal is to improve traveler self-service experiences, streamline identification processes, and bolster security measures. The kiosk boasts a range of features, including a modular design to accommodate various travel document configurations and a barcode reader, ensuring it's a versatile solution for passenger processing.
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Major Key Players of the Market:
RTX Corporation, International Business Machines Corporation, Honeywell International Inc., Fujitsu Ltd., Bollore SE, Amadeus IT Group SA, NCR Voyix Corporation, Toshiba TEC Corporation, Advantech Co Ltd, Société Internationale de Télécommunications Aéronautiques, Materna IPS GmbH, IER Inc., KIOSK Information Systems, Embross Group, Phoenix Kiosk Inc, Meridian Kiosks, Parabit Systems Inc., Olea Kiosks Inc, Wincor Nixdorf International GmbH, Elenium Automation Pty Ltd, Lilitab LLC, Innovative Travel Solutions
Airport Kiosk System Market 2024 Key Insights:
• The airport kiosk system market size is expected to see strong growth in the next few years. It will grow to $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Increasing Passenger Volume Fuels The Growth Of The Airport Kiosk System Market
• Revolutionizing Travel With Advanced Biometric Airport Kiosk Systems
• North America was the largest region in the airport kiosk system market in 2023
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