Airport Robots Market Growth Drivers and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

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

Report Date : Jul 2021
Report Code : TIPRE00016922

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 142

Also Available in :

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Page Updated: Jun 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

[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.

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Airport Robots Market: Strategic Insights

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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.

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.

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.

Airport Robots Market Regional Insights

The regional trends and factors influencing the Airport Robots Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Airport Robots Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Airport Robots Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 512.56 Million
Market Size by 2028	US$ 2,108.29 Million
Global CAGR (2021 - 2028)	22.4%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Application Landside/Valet Parking and Terminal
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	YUJIN ROBOT Co., Ltd. Avidbots Corp. CYBERDYNE INC. SoftBank Robotics Stanley Robotics SAS SITA ABB Ltd ECA Group LG Electronics

Airport Robots Market Players Density: Understanding Its Impact on Business Dynamics

The Airport Robots Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Airport Robots Market top key players overview

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

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.

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.

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.

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Airport Robots Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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