Airport Robots Market Size
|Study Period||2018 - 2028|
|Market Size (2023)||USD 0.77 Billion|
|Market Size (2028)||USD 1.64 Billion|
|CAGR (2023 - 2028)||16.41 %|
|Fastest Growing Market||Asia Pacific|
|Largest Market||Asia Pacific|
*Disclaimer: Major Players sorted in no particular order
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Airport Robots Market Analysis
The Airport Robots Market size is estimated at USD 0.77 billion in 2023, and is expected to reach USD 1.64 billion by 2028, growing at a CAGR of 16.41% during the forecast period (2023-2028).
Various airports worldwide are making use of robots that are helping airport officials interact with passengers and provide assistance at the airport. Moreover, airports across the world are engaged in conducting trials with robots in terms of providing information, guidance, and entertainment solutions to passengers. Additionally, robots have been introduced for cleaning, as well as security services. The increasing number of robots being used in airports worldwide is likely to drive the growth of the market in the future. The introduction of advanced technology robots to improve airport services is expected to lead to enhanced customer experience in the years to come.
The development of technologically innovative solutions to replace obsolete systems at airports is a primary goal for airport systems and equipment manufacturers. Furthermore, airport officials are looking forward to the building of smart airports, a project being pursued by several nations. The high expenses of manufacture, installation, and maintenance of airport robots have hampered industry growth. However, the increasing adoption of Artificial Intelligence (AI), as well as chatbots, for handling airline bookings and queries is expected to have a significant impact on market prospects in the future.
Airport Robots Market Trends
Airport Security Segment Dominates Market Share
Currently, the airport security segment has the highest share among all the segments. Airport security is one of the biggest concerns faced by airport officials worldwide. The rise in terrorism across the world has led to airport officials taking extra precautions and being highly focused on airport security. To prevent any unwanted incidents, airports around the world have taken a step further and have started the testing of autonomous robots, which is expected to help security officials provide adequate security at the airport.
For instance, Airports, such as Hamad International Airport and La Guardia Airport, have started deploying security robots to provide the next level of airport security. The robots come equipped with an in-built facial recognition system, cameras, and sensors. They can measure pulse rate remotely and, thus, detect suspicious persons, credit cards, fake currencies, abandoned objects, and explosives without disturbing the passenger flow at the airport terminal. New upcoming airports are anticipated to be technology-oriented to streamline passenger traffic and ensure safety at critical junctures of the airport infrastructure. On this note, in December 2022, Knightscope Inc., a prominent creator of autonomous security robots, was awarded a contract to provide airport robots to an airport in New Jersey. More such contracts are anticipated to be awarded in the future.
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Asia-Pacific to Register Highest Growth During the Forecast Period
The ongoing airport infrastructure development programs in Asia-Pacific outpace other regions, and the rapid increase in air passenger traffic has driven the adoption of smart technologies and automation, including airport robots. China is one of the fastest-growing air travel markets. According to the International Air Transport Association (IATA), China is set to displace the US as the world’s largest aviation market by the mid-2020s. The rebalancing of China’s economy is likely to support strong passenger demand over the long term. For instance, in July 2021, Singapore Changi Airport deployed Avidbots Neo floor robot cleaners developed by Avidbots Corp. to enhance the productivity of their cleaning teams and reduce costs. The Avidbots Neo is a purpose-built floor scrubbing robot integrated with navigation technology, sensors, and software with elegant hardware.
Similarly, in October 2021, Kansai Airports announced that it deployed Secom Robot X2, an autonomous patrolling robot, at Terminal 2 of Kansai International Airport (KIX) and the airport’s railway station. The new surveillance robot can autonomously navigate patrol routes using a laser sensor to identify its location and monitor various areas at the airport. Also, in June 2022, Coimbatore Airport in India undertook a trial project with AI-enabled robots for a six-month timeframe. During the same timeframe, Bengaluru International Airport also introduced ten AI-powered support robots to improve passenger experience. To improve its operations and customer experience, the Airport Authority of India utilized artificial intelligence (AI) enabled robots for the first time in Bangalore airport to facilitate its services for travelers. Such deployments render a positive outlook for market growth in the region.
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Airport Robots Industry Overview
The airport robot market is moderately consolidated, with only a handful of players controlling the market. LG Electronics Inc., Stanley Robotics, SITA, CYBERDYNE Inc., and OMRON Corporation are the leading players in the market. The companies have been engaged in various initiatives and product innovations, which have led them to strengthen their presence in the market. For instance, in August 2022, Vistara (TATA SIA Airlines Limited) created an Artificial intelligence (AI) robot, “RADA,” to interact with passengers. RADA has effective features like a boarding pass scan, providing information about the terminal, weather conditions of the destination city, real-time flight status, and departure gates. Similarly, in June 2023, ADR Ventures, the new Corporate Venture Capital arm of Aeroporti di Roma (ADR), a Corporate Partner of the FTE Digital, Innovation & Business Hub, announced its first venture investment in Ottonomy, a deep tech business that provides contactless deliveries with completely autonomous robots. Following a successful proof of concept (PoC) in the Innovation Hub at Rome Fiumicino Airport during the accelerator program, the autonomous delivery project became part of ADR's long-term strategy aimed at maintaining the highest levels of service and enhancing passengers' experiences through the use of cutting-edge technology and innovation.
Airport Robots Market Leaders
LG Electronics Inc.
*Disclaimer: Major Players sorted in no particular order
Airport Robots Market News
June 2023: The evoBOT, developed by Fraunhofer Institute for Material Flow and Logistics (Fraunhofer IML), a revolutionary autonomous vehicle, completed its first practical trials at Munich Airport's freight terminal and apron. The robot may perform a variety of activities, including handling hazardous products, moving parcels over greater distances, relieving people during lifting and above work, purchasing resources, and even assisting with airplane loading and unloading.
November 2022: Pittsburgh International Airport unveiled a trial project that was to use fully autonomous delivery robots to provide passengers with a contactless delivery system. The product is the first fully autonomous robot for deliveries within airports, and it is presently in use at several airports in the US and Europe.
Airport Robots Market Report - Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
184.108.40.206 Valet Parking
220.127.116.11 Airport Security
18.104.22.168 Boarding Pass Scanning
22.214.171.124 Airport Baggage System
126.96.36.199 Passenger Guidance
5.2.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.2.4 South America
126.96.36.199 Rest of South America
5.2.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.2 LG Electronics Inc.
6.2.3 Stanley Robotics
6.2.4 CYBERDYNE Inc.
6.2.5 OMRON Corporation
6.2.6 Hitachi, Ltd.
6.2.7 Knightscope, Inc.
6.2.8 Yape Srl
6.2.9 Artiligent Solutions Pvt. Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Airport Robots Market Research Faqs
How big is the Airport Robots Market?
The Airport Robots Market size is expected to reach USD 0.77 billion in 2023 and grow at a CAGR of 16.41% to reach USD 1.64 billion by 2028.
What is the current Airport Robots Market size?
In 2023, the Airport Robots Market size is expected to reach USD 0.77 billion.
Who are the key players in Airport Robots Market?
LG Electronics Inc., Stanley Robotics, CYBERDYNE Inc., SITA and OMRON Corporation are the major companies operating in the Airport Robots Market.
Which is the fastest growing region in Airport Robots Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Airport Robots Market?
In 2023, the Asia Pacific accounts for the largest market share in Airport Robots Market.
Airport Robots Industry Report
Statistics for the 2023 Airport Robots market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Airport Robots analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.