Press release
Airport Robots Market: Future Growth, Market Size, CAGR, Key Drivers and Trends
Airport Robots Market Size
What Is The Projected Market Size Of The Global Airport Robots Market And Its Growth Rate?
The global airport robots market has witnessed substantial growth in recent years and is projected to maintain this momentum. Key statistics include:
• The market size, which stood at $1.47 billion in 2024, is expected to reach $1.71 billion in 2025, reflecting a CAGR of 16.0%
• Driving factors include early adoption of robotics, increased passenger traffic, emphasis on efficiency and productivity, and improved airport safety measures
• The market is predicted to soar to $3.22 billion by 2029 at a CAGR of 17.2%
• Growth factors for the forecast period include passenger traffic growth, automation, the application of AI and machine learning, and collaborations with airlines and airports
What Is Driving The Growth In The Airport Robots Market?
The airport robots market's growth is largely driven by the increase in automation at airports. Automation involves using technology to manufacture and deliver goods and services with minimal human interaction. In airports, automation aids tasks to be performed more efficiently, reliably, and swiftly. The introduction of airport robots adds to these efficiency gains by performing tasks with greater accuracy and speed, enhancing passenger experience. For example, the Switzerland-based IT company SITA revealed in its 2022 Airport IT Insights Survey report that investment in IT for airport digitalization and automated technologies reached an estimated $6.8 billion in 2022, a rise from 4.66% in 2021 to 4.73% in 2022. Hence, the surge in airport automation is fueling the growth of the airport robots market.
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Who Are the Key Players Driving Airport Robots Market Growth?
Major players in the airport robots market include:
• 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
What Are The Key Trends In The Airport Robots Market?
Several trends are shaping the airport robots market, including:
• Enhanced passenger experience
• Use of sanitization and cleaning robots
• Automation in baggage handling
• Deployment of security and surveillance robots
• Provision of contactless services
What Are The Segments Of The Global Airport Robots Market?
The airport robots market can be segmented by:
• Type: Humanoid, Non-Humanoid
• Application: Landside, Terminal
• End User: Airport Security, Boarding Pass Scanning, Airport Baggage Handling System, Passenger Guidance, Other End Users
Which Region Leads The Airport Robots Market?
In 2024, North America held the largest share of the airport robots market. However, Asia-Pacific is projected to emerge as the fastest-growing region in the forthcoming period. The study covers diverse geographic regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Airport Robots Market Global Market Report?
- Market Size Analysis: Analyze the Airport Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Airport Robots Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Airport Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Airport Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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