The airport robots market demand is predicted to reach USD 876.3 million by 2028 and exhibit a CAGR of 8.8% during the forecast period. In its report titled "Airport Robots Market, 2023-2028," Fortune Business Insights has presented valuable insights into the airport robots industry. The growing demand for autonomous robots for passenger services and security applications has driven the industry worldwide. These robots assist airport personnel in interacting with travelers and providing them with necessary assistance. Moreover, airport authorities in developed and developing regions are testing the use of robots to offer information, direction, and entertainment to travelers. As per the report, the market size was USD 460.0 million in 2020 and is expected to reach USD 486.0 million in 2021.

List of Key Market Players:

  • LG Electronics Inc. (South Korea)
  • SoftBank Corp. (Japan)
  • ABB Ltd (Switzerland)
  • Stanley Robotics (U.K.)
  • SITA (Switzerland)
  • YUJIN ROBOT Co., Ltd. (South Korea)
  • Universal Robots A/S (Denmark)
  • ECA GROUP (France)
  • Avidbots Corp (U.S.)
  • Cyberdyne Inc. (Japan)

 

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/airport-robot-market-105867

Segments-

  • By Type: Customer Service Robots, Autonomous Guided Vehicles, Baggage Handling Robots, Security Robots
  • By Application: Passenger Guidance & Information, Cleaning & Maintenance, Baggage Handling, Security & Surveillance, Airport Retail, Others
  • By End-User: Commercial Airports, Business Airports
  • By Geography: North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Report Coverage-

The report delivers details about the market in-depth, focusing on key factors such as main manufacturers, robot types, and applications. Furthermore, the report provides information on current trends of the market as well as major industry advancements. The market study includes various direct and indirect variables that have contributed to the industry's growth in recent years, in addition to the factors listed above.

Drivers & Restraints-

Need for Security Robots at Airports to Drive Market Growth

The need for security robots and airport cleaning robots is expanding as airlines increasingly focus on providing modern airport services to improve passenger experience and security. Airport security is a difficult issue for airport officials, and it also involves physical work, raising overall security expenses. Robotics, on the other hand, reduces security operation expenses while increasing efficiency and accuracy. As a result, the global market is expected to grow over the forecast period.

Kansai Airports stated in October 2021 that the Secom Robot X2 had been installed at Terminal 2 and the Kansai International Airport railway station (KIX). The Secom Robot X2 is an autonomous security robot that uses a laser sensor to establish its location and can navigate patrol routes on its own. This robot comes equipped with a camera to take images while patrolling the airport, which can aid in the detection of any suspicious activities. In addition, the security robot is utilized at airports to look for and locate abandoned items. However, the airport robots market growth is hampered by high costs connected with robot production and installation at airports, as well as expensive maintenance costs.

Regional Insights-

The Airport Robot Market has been analyzed across various regions, including North America, Europe, Asia-Pacific, and Rest of the World (RoW), to provide a comprehensive understanding of the market's regional landscape.

  • North America: The region is expected to witness significant growth in the airport robot market due to the increasing adoption of advanced technologies and the need for efficient airport operations.
  • Europe: The region is expected to show substantial growth in the airport robot market due to the high adoption of automation technologies and government initiatives promoting the use of robots in airports.
  • Asia-Pacific: The region is expected to experience the highest growth rate in the airport robot market due to the increasing number of airports and rising air passenger traffic.
  • Rest of the World (RoW): The region is expected to show moderate growth in the airport robot market due to the increasing adoption of advanced technologies and the development of new airports in the region.

Competitive Landscape-

Key Players to Invest in R&D Activities

To provide innovative robots, key market firms, such as SITA, Stanley Robotics, ABB Ltd, and LG Electronics Inc., rely on ongoing innovation. Furthermore, they are boosting their R&D spending as well as their interest in technology adoption, strategic acquisition, and collaboration to design and develop sophisticated humanoid airport robots. To maintain their market position, top firms use organic and inorganic growth techniques such as new robot launches and long-term contracts with airport authorities.