Airport Robots Market Size, Trends, analysis and Forecast 2028

Airport Robots Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Landside/Valet Parking and Terminal) and Geography

Publication Month : Jul 2021

  • Report Code : TIPRE00016922
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 142
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[Research Report] The airport robots market is expected to grow from US$ 512.56 million in 2021 to US$ 2,108.29 million by 2028; it is estimated to grow at a CAGR of 22.4% from 2021 to 2028.

With the rise in real and perceived threats to the national security, continuous efforts are being taken to come up with innovative active interrogation approaches to identify these threats. The most instant perceived threats and their essential materials comprise conventional explosives, weapons, chemical agents, and contraband. With an intent to prevent uncertain events, authorities worldwide are actively focusing on the deployment of advanced systems, including robots, to strengthen security at airports. The robots used for security application at airports are integrated with features such as facial recognition systems, sensors, and cameras to measure pulse rate remotely, which allows them to detect suspicious persons, currencies, weapons and explosives, abandoned objects, and other illicit material without disturbing the operations or flow of passengers at airports. Furthermore, the governments of various countries are investing in the development of their transport infrastructure, including building of new airports. For instance, the Chinese government plans to construct additional 215 airports by 2035. Furthermore, the Indian government plans to build 100 new airports across the country by 2024.

Impact of COVID-19 Pandemic on Airport Robots Market

The COVID-19 pandemic and the consequent containment measures have marginally impacted the airport robots market in 2020, as it led to temporary halts in the manufacturing processes. However, with the gradual resumption of manufacturing processes from the third quarter of 2020, the demand for airport robots has begun to rise; thus, manufacturers managed to stabilize the overall revenue and cashflow.

 Lucrative Regions for Airport Robots Market

Lucrative Regions for Airport Robots Market
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Airport Robots Market Insights

Increase in Demand for Advanced Robots is Fueling Growth of Airport Robots Market

OEMs have been investing in R&D to develop best in class and advanced robots. Enormous daily foot traffic experienced by airports over the last decade is compelling them to optimize various operations at airports. With many companies offering airport robots for simplifying these operations, airports are shifting their focus on adopting autonomous robots to optimize labor, enhance operational performance, mitigate risk, and improve traveler experiences. As a result, many of them are looking forward to partnering with robot suppliers that can offer the best in class advanced robots for applications such as security, luggage handling, passenger guidance, and cleaning.

Application-Based Market Insights

The airport robots market, by application, is segmented into landside/valet parking and terminal. The terminal segment led the airport robots market in 2020. An airport terminal is a building at an airport where passengers arrive upon landing and also depart on a flight. Typically, terminals have several gates divided into sections known as concourses that are filled with shopping, dining, restroom, lounge, and other facilities. Passengers at terminals can purchase tickets, check in for the scheduled flight, check or collect luggage, pass through security or customs, find connecting flights, and others.

Airport Robots Market, by Application–2020 and 2028    

  

    

Airport Robots Market, by Application – 2020 and 2028       
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Airport Robots Market: Strategic Insights

airport-robots-market
Market Size Value inUS$ 512.56 Million in 2021
Market Size Value byUS$ 2,108.29 Million by 2028
Growth rateCAGR of 22.4% from 2021-2028
Forecast Period2021-2028
Base Year2021
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The players operating in the airport robots market focus on strategies such as mergers & acquisitions and market initiatives to maintain their position in the market. A few developments by key players are listed below:

  • In 2021, SITA announced that it has completed the installation of its next-generation passenger processing infrastructure at Václav Havel Airport Prague, setting the path for a future passenger journey that is fully touch less and mobile.
  • In 2020, the deployment of the world's first outdoor car park totally operated by robots, built by Stanley Robotics and VINCI Airports, continues at Lyon Airport, with the number of accessible places anticipated to expand from 500 to 2,000. Seven autonomous robots will operate the service at the same time, with 28 cabins accessible for dropping off and picking up vehicles.

The global airport robots market has been segmented as follows:


Airport Robots Market – by Application

  • Landside/Valet Parking
  • Terminal

Airport Robots Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Company Profiles

  • YUJIN ROBOT Co., Ltd.
  • Avidbots Corp.
  • Cyberdyne Inc.
  • SoftBank Robotics
  • Stanley Robotics SAS
  • SITA
  • ABB Ltd.
  • ECA Group
  • LG Electronics
  • UVD Robots
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Application and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind airport robots market growth?

Original equipment manufacturers (OEMs) have been investing in research and development (R&D) to develop best in class and advanced robots. Enormous daily foot traffic experienced by airports over the last decade is compelling them to optimize various operations at airports. With many companies offering airport robots for simplifying these operations, = airports are shifting their focus on adopting autonomous = robots to optimize labor, enhance operational performance, mitigate risk, and improve traveler experiences. As a result, many of them are looking forward to partnering with robot suppliers that can offer the best in class advanced robots for applications such as security, luggage handling, passenger guidance, and cleaning. Moreover, airports are facing issues in terms of significantly rising labor costs as well as the shortage of qualified, experienced, and reliable employees. Thus, the burgeoning complexity of airport operations is resulting in overburdening of existing personnel, compelling them to make tradeoffs between the quantity and quality of their work, which might hamper their reputation. To address this issue, airports are switching toward more advanced and autonomous robots that not only reduce the burden on personnel, but also work more efficiently than humans, without facing the issues such as excessive workload and fatigue.

What are market opportunities for airport robots market?

Developing countries have become a hub of opportunities for various markets, including airport robots market. Government authorities in these countries are planning and investing huge amount in the advancement of technologies to improve the overall infrastructure. Transportation and logistics activities are huge contributors to the development of any country, and therefore, developing countries are extensively focusing on enhancing and improving their transportation and logistics infrastructure, including air, road, and sea transport. Airways is an important mode of transportation; hence, governments of developing countries have planned development and revamping of various mid-size and large airports. For instance, in India, Netaji Subhas Chandra Bose International Airport in Kolkata has laid down expansion plan of the airport. Similarly, Vietnam is planning to build one of the largest airports near its economic hub Ho Chi Minh City. Other developing countries including the Philippines and Kuwait are also expanding and revamping airports. As a part of expansion and revamping strategy, these airports would also be passing tenders on acquiring technologically advanced equipment including robots for ensuring convenience and providing superior experience to passengers. Hence, the airport robot market players have huge opportunities to offer best-in-class, and highly reliable and cost-efficient robots for such new airport projects.

Which application is expected to dominate the market in the forecast period?

The airport robots market is led by terminal segment with highest share and is expected to dominate in the forecast period. An airport terminal is a building at an airport where passenger arrive upon landing and depart on a flight. Typically, terminals have several gates divided into sections known as concourses that are filled with shopping, dining, restroom, lounge, and other facilities. Passengers at terminals can purchase tickets, check in for the scheduled flight, check or collect luggage, pass through security or customs, find connecting flights, and others.

What are the key companies in airport robots market?

ABB Ltd; Cyberdyne Inc.; LG Electronics Inc.; SoftBank Corp.; and Stanley Robotics SAS are among the key companies with significant market share.

What factors are hindering the growth of airport robots market?

The overall cost of procuring and maintaining advanced robots is quite high, which limits their adoption at airport, especially in cost-sensitive countries. These robots require frequent maintenance and servicing, which adds to the overall operating cost of running an airport. Airport deploy a large number of such advanced systems for various operations, based on the size and the requirement of the airport, and with the multiple deployments, the overall procurement and maintenance cost increases further. Small airports, operating in developed and developing countries, therefore, resist deploying such high-end robots and rely on conventional practices. Considering this restraint, airport robot manufacturers need to focus on offering a range of robots, starting from low end to high end, without compromising on the incorporation of the necessary and vital features in the low- and mid-range robots. The COVID-19 pandemic has changed the ways of operations of various sectors, including the transportation sector and airport industry. Airport authorities are willing to deploy autonomous robots to, ultimately, meet the social distancing norms imposed by the respective governments; however, the initial costs and maintenance costs are limiting their investments in robotic solutions.

What is the market share of terminal segment in the forecast period?

The terminal segment led the airport robots market with a share of 74.8% in 2020. It is further expected to account for 77.0% of the total market by 2028.

The List of Companies - Airport Robots Market

  1. YUJIN ROBOT Co., Ltd.
  2. Avidbots Corp.
  3. CYBERDYNE INC.
  4. SoftBank Robotics
  5. Stanley Robotics SAS
  6. SITA
  7. ABB Ltd
  8. ECA Group
  9. LG Electronics
  10. UVD ROBOTS

 

 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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