Press release
Airport Automation Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
The global Airport Automation market was valued at US$ 6520 million in 2023 and is anticipated to reach US$ 9461 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
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The anticipated growth of the airport automation market CAGR is expected to rise in the future as air traffic continues to increase. Air traffic volume refers to the quantity of aircraft operations occurring in a designated airspace, airport, or area during a specific timeframe. Due to increased international partnerships and cross-border operations, levels of air traffic have gone up due to more corporate travel and the expansion of the economy. With a projected increase of up to 8.2 billion worldwide aviation travellers by 2037. Airport automation helps manage air traffic volume by optimizing airspace usage, coordinating aircraft movements, improving communication between air traffic controllers and pilots, minimizing mistakes, and boosting operational efficiency and safety. The EU statistical office Eurostat, based in Luxembourg, reported a considerable rise in EU air travel in 2022, with 820 million passengers flying - a huge surge of 119.3% from the previous year. Hence, the need for airport automation is increasing due to the uptick in air traffic.
This report aims to provide a comprehensive presentation of the global market for Airport Automation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Airport Automation.
By Type
• Baggage Handling Systems
• Passenger Processing
• Air Traffic Management (ATM)
• Information Technology (IT) Solutions
• Security Systems
• Automated Ground Handling
By Application
• Commercial Airports
• Military Airports
• Cargo Airports
Key Companies
ABB, Collins Aerospace, Amadeus IT Group, Honeywell, IBM Corporation, L3Harris Technologies, Leidos Holdings, Inc., Daifuku Co. Ltd., Siemens, Thales Group, Addverb, Pacific Controls, Gunnebo Entrance Control, Vanderlande
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