Airport Robots Market Expansion Outlook: $3.15 Billion in 2029

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What Is the Projected CAGR for the Airport Robots Market from 2024 to 2025?
The market for airport robots has witnessed swift expansion in the past few years. It is projected to escalate from $1.47 billion in 2024 to around $1.7 billion by 2025, with a compound annual growth rate (CAGR) of 15.3%. This impressive growth during the historical period can be attributed to factors such as the early incorporation of robotics, the surge in passenger traffic, focus on enhancing efficiency and productivity, advanced safety measures, and strategies aimed at reducing costs.

What are the Expected Market Size and CAGR for Airport Robots by 2029?
The market size for airport robots is predicted to see significant growth in the upcoming years. By 2029, it is estimated to reach $3.15 billion, with a compound annual growth rate (CAGR) of 16.7%. Factors contributing to the growth in the projected period include increase in passenger traffic, advancements in automation for improved efficiency, adopting AI and machine learning, initiatives towards cost reduction, and collaborations with airlines and airports. Some prominent trends in the forecast period include improved passenger experience, use of robots for sanitization and cleaning, automation of baggage handling, security and surveillance robots, and contactless services.

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Which Factors Are Driving the Global Airport Robots Market Expansion?
The airport robots market is anticipated to grow due to the escalating adoption of automation in airports. Automation involves the use of advanced technology to manufacture and provide services with minimal human intervention. Incorporating automation techniques and technology makes diverse tasks, which were previously handled manually, more reliable, swift, and efficient. Airport robots are a part of these automation systems that make numerous airport tasks more reliable and efficient, resulting in higher accuracy and speed, creating an improved passenger experience. For example, in April 2023, SITA, an IT firm headquartered in Switzerland serving the air transport industry, published the 2022 Airport IT Insights Survey. The report indicated a surge in IT investments to roll out digitalization and automation technologies in airports, with an estimated expenditure of $6.8 billion in 2022. This spending, evaluated as a percentage of revenue, increased from 4.66% in 2021 to 4.73% in 2022. Consequently, the increasing automation in airports stimulates the expansion of the airport robots market.

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Which Segment Currently Holds the Largest Share of the Airport Robots Market?
The airport robots market covered in this report is segmented -

1) By Type: Humanoid, Non-Humanoid
2) By Application: Landside, Terminal
3) By End User: Airport Security, Boarding Pass Scanning, Airport Baggage Handling System, Passenger Guidance, Other End Users

Subsegments:
1) By Humanoid: Service Robots, Security Robots
2) By Non-Humanoid: Baggage Handling Robots, Cleaning Robots, Delivery Robots

Which Major Trends Are Shaping the Future of the Airport Robots Industry?
The increasing embrace of artificial Intelligence (AI) is a primary trend making waves in the airport robot market. Prominent firms involved in this market are concentrating on the development of novel technologies in order to remain competitive. For instance, in January 2022, Secom Co. Ltd., a security service company based in Japan, introduced Cocobo. This innovative security robot employs the latest technologies such as AI and 5G to provide various services including inspections and patrols. Cocobo navigates independently along a pre-set patrol route, avoiding obstacles and individuals. It can surveil areas with multiple levels, is incorporated with elevators, and is suited for outdoor patrol in all weather conditions owing to its waterproof design.

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Which Key Players Dominate the Airport Robots Industry Globally?
Major companies operating 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 Fastest-Growing Regions in the Airport Robots Market?
North America was the largest region in the airport robots market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global airport robot market report during the forecast period. The regions covered in the airport robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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