Airport Robots Market Segmented by Product, Application, Key Players and SWOT Analysis, And Forecast 2028


Posted March 16, 2023 by Ashwinimrfr

Airport Robots Market Segmented by Product, Application, Key Players and SWOT Analysis, And Forecast 2028

 
According to the new research report published by The Insight Partners, titled “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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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.

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 COVID-19 pandemic and the consequent containment measures have marginally impacted the airport robots market in 2020, as it has led to temporary halts in the manufacturing processes. Social distancing norms laid down by local and federal governments compelled manufacturers to shut down their units, which further disrupted the logistics activities. 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 cash flow.

Companies Profiled in this report includes

YUJIN ROBOT Co., Ltd.
Avidbots Corp.
Cyberdyne Inc.
SoftBank Robotics
Stanley Robotics SAS
SITA
ABB Ltd.
ECA Group
LG Electronics
UVD Robots
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Contact Person: Sameer Joshi

E-mail: [email protected]

Phone: +1-646-491-9876
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Issued By ashwini
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Country India
Categories Accounting , Advertising , Aerospace
Tags airport robots market
Last Updated March 16, 2023