Press release
Airport Automation: Skyrocketing to $8.51 Billion by 2025 with a CAGR of 7.0% - a Snapshot into Trends and Key Drivers
Airport Automation Market Size
What Is The Projected Market Size Of The Global Airport Automation Global Market Report 2025 And Its Growth Rate?
• The airport automation market size has seen significant growth in recent years, projected to surge from $7.95 billion in 2024 to $8.51 billion in 2025.
• This transition indicates a compound annual growth rate (CAGR) of 7.0%.
• In the forecast period, the market size is further expected to grow to $10.54 billion by 2029, illustrating a CAGR of 5.5%.
• Key drivers for market growth include rising air travel demand, focus on enhancing passenger experience, safety, security, operational efficiency, and regulatory compliance.
What Is Driving The Growth In The Airport Automation Global Market Report 2025?
Escalating air traffic volume is a significant propellant for growth in the airport automation market. The number of aircraft movements within a certain airspace, airport, or region over a time frame defines air traffic volume. With increased business travel and expanding global economic activities, companies are increasingly engaging in cross-border operations and international collaborations. Airport automation solution aids in managing air traffic volume by optimizing airspace utilization, coordinating aircraft movements, facilitating efficient communication between air traffic controllers and pilots, reducing human error, and enhancing overall operational efficiency and safety. For instance, the European Union saw a substantial increase in air travel in 2022, where the total passenger count reached 820 million, an impressive surge of 119.3% compared to 2021, as reported by Eurostat. Therefore, the rising air traffic volume is certainly a key factor driving the growth of the airport automation market.
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Who Are the Key Players Driving Airport Automation Global Market Report 2025 Growth?
Powering the airport automation market, the key players include:
• Siemens AG
• Raytheon Technologies Corporation
• Panasonic Corporation
• The International Business Machines Corporation
• Cisco Systems Inc.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• NEC Corporation
• Collins Aerospace
• Thales Group
• L3Harris Technologies
• Leidos Holdings Inc.
• Wipro Limited
• Rockwell Automation Inc.
• Amadeus IT Group SA
• Daifuku Co. Ltd.
• Advantech Co. Ltd.
• Bosch Rexroth AG
• Vanderlande Industries B.V.
• SITA - Société Internationale de Télécommunications Aéronautiques
• Smiths Detection
• Morpho
What Are The Key Trends In The Airport Automation Global Market Report 2025?
Reflecting technological advancements, key trends in the airport automation market include:
• Adoption of artificial intelligence (AI) and machine learning.
• Expansion of biometric identification systems.
• Growth of robotics and automation in ground handling.
• Rise of smart airport concepts.
• Integration of contactless solutions post-pandemic.
What Are The Segments Of The Global Airport Automation Global Market Report 2025?
The airport automation market report segments the industry into:
1) By System: Data Acquisition And Communication, Automation And Control, Data Storage, Software And Solutions
2) By Airport Side: Land Side, Air Side
3) By Application: Baggage Handling And Tracking, Ground Transportation And Parking, Retail And Dining, Facility Management, Passenger Services And Assistance, Emergency Response And Safety, Ground Support Equipment, Air Traffic Management, Airfield Management, Other Applications
4) By End market: Greenfield, Brownfield
Which Region Leads The Airport Automation Global Market Report 2025?
Asia-Pacific led the airport automation market in 2024 as the largest region. The regions covered in the airport automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Airport Automation Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Airport Automation Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Airport Automation Global Market Report 2025 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 Automation Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Airport Automation Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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