Dublin, Nov. 21, 2023 (GLOBE NEWSWIRE) — The “Airport Robots Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The global airport robot market is expected to grow from $1.11 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 15.86%. The airport robot market is expected to reach $2.37 billion in 2027 at a CAGR of 16.38%.
The main types of airport robots include humanoid and non-humanoid. A humanoid is a robot that resembles humans in appearance and is programmed to perform the tasks of humans. They are used in applications such as landslide and terminal in end-users including airport security, boarding pass scanning, airport baggage handling system, passenger guidance and other end-users.
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The increasing automation in airports is expected to boost the growth of the airport robots market going forward. Automation is the development and implementation of technology to produce and deliver goods and services with little or no human interaction. The use of automation technology, techniques, and procedures makes various tasks that were performed manually more efficient, dependable, and quicker.
Airport robots are part of the automation technology that makes the various tasks performed in the airport more efficient and dependable. These robots perform the tasks with more accuracy and in lesser time which improves the experience of the passengers.
For instance, in April 2023, SITA, a Switzerland-based information technology company in the air transport industry, released the 2022 Airport IT Insights Survey report, which shows that there has been an increase in investments in information technology for the introduction of digitalization and automated technologies in the airports, with the spending rising to an estimated $6.8 billion in 2022. This spending as a percent of revenue has risen from 4.66% in 2021 to 4.73% in 2022. Therefore, the increasing automation in airports is driving the growth of the airport robots market going forward.
The adoption of artificial Intelligence (AI) is the key trend gaining popularity in the airport robot market. Major companies operating in the airport robot market are focusing on developing new technologies to sustain their position in the market. For instance, in January 2022, Secom Co. Ltd., a Japan-based security service provider launched Cocobo.
Cocobo is a security robot that uses cutting-edge technology like AI and 5G to deliver a range of services like patrols and inspections. Cocobo moves autonomously along a predetermined patrol path while avoiding objects and people. It can patrol spaces with many stories, is integrated with lifts, and can patrol outdoors in all-weather situations because of its waterproof feature.
In April 2021, United Robotics Group GmbH, a Germany-based distributor of service robots, acquired Softbank Robotics Europe for an undisclosed amount. Through this acquisition, United Robotics Group aims to expand its product portfolio and offer its customers a wider range of robots.
Additionally, United Robotics Group seeks to capitalize on the rising demand for robotics across a range of industries by utilizing Softbank Robotics’ experience in humanoid robots. Softbank Robotics Europe is a France-based subsidiary of Softbank Robotics Corp that develops and manufactures humanoid robots.
North America was the largest region in the airport robots market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The countries covered in the airport robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Major players in the airport robots market are
- ABB Ltd.
- Avidbots Corp.
- Cyberdyne Inc.
- ECA Group
- LG Corporation
- SITA
- SoftBank Group Corp.
- UVD Robots
- Advanced Navigation and Positioning Corporation (ANPC)
- Elenium Automation Pty Ltd.
- Fives Group
- GreyOrange Pte. Ltd.
- Honeywell International Inc.
- NEC Corporation
- Secom Co. Ltd.
- Vanderlande Industries B.V.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2023 – 2027 |
| Estimated Market Value (USD) in 2023 | $1.29 billion |
| Forecasted Market Value (USD) by 2027 | $2.37 billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Airport Robots Market Characteristics
3. Airport Robots Market Trends And Strategies
4. Airport Robots Market – Macro Economic Scenario
4.1. COVID-19 Impact On Airport Robots Market
4.2. Ukraine-Russia War Impact On Airport Robots Market
4.3. Impact Of High Inflation On Airport Robots Market
5. Airport Robots Market Size And Growth
5.1. Global Airport Robots Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Airport Robots Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Airport Robots Market Segmentation
6.1. Global Airport Robots Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.2. Global Airport Robots Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.3. Global Airport Robots Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Airport Security
- Boarding Pass Scanning
- Airport Baggage Handling System
- Passenger Guidance
- Other End Users
7. Airport Robots Market Regional And Country Analysis
7.1. Global Airport Robots Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Airport Robots Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/fjyphd
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- Global Airport Robot Market
