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Airport Automation Market Share

Report ID: GMI8054
Published Date: Feb 2024
Report Format: PDF

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Airport Automation Market Share

Collins Aerospace and ABB Ltd. hold a significant market share of over 7% in the airport automation industry. These prominent players in the market deploy various key strategies to fortify their positions. Emphasis on technological innovation is pivotal, with companies investing in cutting-edge solutions such as biometrics, artificial intelligence, and robotics to enhance efficiency and passenger experience.

Strategic collaborations and partnerships with airport authorities, airlines, and technology providers enable market players to expand their reach and offer comprehensive solutions. Mergers and acquisitions are common strategies, facilitating the integration of complementary technologies and the expansion of service portfolios. Additionally, a focus on sustainability and compliance with stringent aviation regulations helps companies build trust and credibility in the market, strengthening their competitive edge and fostering long-term growth.

Airport Automation Market Companies

Major players operating in the airport automation industry are:

ABB
Amadeus IT Group
Collins Aerospace
Daifuku Co. Ltd.
Honeywell
IBM Corporation
L3Harris Technologies
Leidos Holdings, Inc.
Siemens
Thales Group

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Market size for airport automation was valued at USD 6.3 billion in 2023 and is estimated to register a CAGR of over 5% between 2024 & 2032, driven by an increased focus on improving operational efficiency and cost reduction.

The automation & control system segment accounted for over USD 2 billion in 2023 and is poised to grow rapidly, propelled by the urgent need for enhanced operational efficiency, heightened security measures, and an overall improvement in passenger experience.

North America airport automation industry registered a major revenue share of over 35% in 2023 and is poised to grow rapidly till 2032, due to technological innovation, and operational efficiency in booming aviation sector.

ABB, Amadeus IT Group, Collins Aerospace, Daifuku Co. Ltd., Honeywell, IBM Corporation, L3Harris Technologies, Leidos Holdings, Inc., Siemens, Thales Groupsome of the major industry contenders.