Market Overview
The global airport robots market is projected to be registering a CAGR of 16.8% between 2020 and 2027. Factors such as growing expenditure on airport modernization, rising application of robots for airport security, and emphasis on airport automation are propelling the market growth. Benefits such as quick turn-around time, better security, personalized experience, smart taxiways, and faster check-ins are likely to further supplement the market growth over the forecast duration.
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Competitive Landscape
- ABB Ltd
- LG Electronics Inc.
- SoftBank Corp.
- Stanley Robotics
- SITA
- YUJIN ROBOT Co.,Ltd.
- Universal Robots A/S
- ECA GROUP
- Avidbots Corp
Market Segmentation
Airport Security Segment is Expected to Lead the market:The airport security segment accounted for the highest share in the market in 2019 and is projected to continue its dominance over the forecast duration. Airport security is one of the biggest concerns globally, and government agencies are heavily investing in security solutions. Growing terrorism and a rise in illegal trade are further anticipated to drive the security segment.
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Regional Analysis
Asia-Pacificis expected to register the highest growth in the market:The Asia-Pacific market is likely to register the highest growth in the airport robot market over the forecast durationdue to the rise in air traffic in countries such as China and India.
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