Airport Robots Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Airport Robots Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The airport robots market is estimated to register a CAGR of over 15%, during the forecast period, 2020 - 2025.

Various airports, worldwide, are making use of robots that are helping airport officials interact with passengers and provide with 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.

Therefore, the increasing adoption of Artificial Intelligence, as well as chatbots, for handling airline bookings and queries, is expected to provide growth opportunities for the market in the future.

Key Market TrendsAutonomous Robots are Helping the Airport Security Segment

• 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 precaution and being highly focused toward 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.
• 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 sensor. 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.

Asia-Pacific is likely to Register Highest Growth in the Airport Robots Market during the Forecast Period

• In the airport robots market, the growth of the Asia-Pacific region is expected to be more, during the forecast period. China is one of the fastest-growing air travel markets. According to the IATA (International Air Transport Association), China is set to displace the United States as the world’s largest aviation market, by mid-2020. The rebalancing of China’s economy is likely to support strong passenger demand over the long term.
• Moreover, since 2017, Shenzhen Bao'an Airport in China is engaged in operating Anbot, a robot programmed to carry out security checks at the departure hall of Terminal 3. Developed by the Shenzhen Public Security Bureau and the Chinese National Defense University, the robot has been fitted with four high-definition cameras, as well as a facial recognition software, which can take pictures of passengers and send them for analysis at security stations. Such developments are expected to have a positive impact on the growth of the market.

Competitive Landscape

The airport robot market is consolidated, with only a handful of players controlling the market. LG Electronics Inc. and Stanley Robotics are the leading players in the market. Both the companies have been occupying leading positions in the market for a long time. The companies have been engaged in various initiatives and product innovations, which have led them to strengthen their presence in the market. For example, LG Electronics Inc. reported setting trial services for several airport guide robots, as well as airport cleaning robots, at the Incheon International Airport (South Korea).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

SITA
LG Electronics Inc.
Stanley Robotics
Cyberdyne Inc.
SoftBank Corp.
ABB Ltd

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