South America Airport Robots Market is expected to reach US$ 90.02 Mn by 2028

PRESS RELEASE BY The Insight Partners 06 Aug 2021

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Terminal Segment to Dominate the SAM Airport Robots Market During 2021-2028

According to The Insight Partners market research study on “SAM Airport Robots Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application” is expected to reach US$ 90.02 million by 2028 from US$ 25.42 million in 2021. The market is estimated to grow at a CAGR of 19.8% from 2021 to 2028. The report provides trends prevailing in the SAM airport robots market along with the drivers and restraints pertaining to the market growth.Increase in demand for advanced robots and construction of new airports and exigency for robust airport security are the major factor driving the growth of the SAM airport robots market. However, expensive installation and maintenance hinders the growth of SAM airport robots market.   

In case of COVID-19, Brazil is the worst impacted country due to the coronavirus outbreak. As of April 2021, the country was still facing significant surge in COVID-19 cases. Apart from Brazil, countries such as Peru, Argentina, Uruguay, and Venezuela were also impacted by the pandemic and are still facing significant impact of the second wave of the pandemic. Countries such as Brazil and Argentina were under lockdown, and some parts of the region are still under lockdown, halting the business operation and manufacturing process. In some parts of the region, there are travelling restrictions, and various airport projects are also delayed. This has led to substantially low demand for various new machines and equipment that are used for operating the airport including robots. Further, manufacturers are also facing challenges in relation to procuring raw material and managing supply chain and logistics.

The SAM airport robots market is segmented into the application and country. Based on application, the SAM airport robots market is segmented into landside/valet parking and terminal. The terminal segment led the SAM airport robots market in 2020 and same segment is expected to be fastest growing during forecast period. The terminal segment is further bifurcated into the airport security and cleaning, boarding pass scanning, airport baggage system, and passenger guidance. The airport security and cleaning segment led the SAM airport robots market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented Brazil and rest of SAM.  

ABB Ltd., Avidbots Corp., LG Electronics, SITA, and SoftBank Robotics are among the leading companies in the SAM airport robots market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, BCIA, China's busiest airport and the world's second busiest, has entirely automated the whole passenger trip, from check-in and bag drop to immigration, security, and finally boarding, utilizing SITA technology. Passengers must only enroll once during check-in, after which they will have a flawless journey through the airport thanks to facial recognition.       

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