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Airport Robots Market Size

Report ID: GMI7493
Published Date: Nov 2023
Report Format: PDF

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Airport Robots Market Size

Airport Robots Market was valued at USD 1 billion in 2022 and is estimated to register a CAGR of over 16% between 2023 and 2032. Increasing investments in robotic technologies are driving the airport robots industry expansion. These investments support the development and deployment of innovative robotic solutions, enhancing operational efficiency, passenger experience, and safety within airport ecosystems, contributing to market expansion. For instance, in April 2023, GMR Group, a part of GMR Innovex, launched the Robotics Centre of Excellence (CoE) a dedicated hub for robotic innovation, research, and development. The CoE serves as a collaborative space, fostering breakthrough solutions for the airport and aviation ecosystem. With a focus on identifying and incubating robotics firms, it aims to drive advancements in the field, aligning with GMR Group's commitment to cutting-edge solutions and technological excellence.

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Automation is driving the airport robots market growth by enhancing operational efficiency and passenger experience. With robots handling tasks such as cleaning, baggage handling & customer service, airports can optimize processes, reduce costs, and provide a seamless & tech-driven travel environment. For instance, in October 2023, Honda developed an airport robot designed to perform monotonous and repetitive tasks. This robotic solution aims to streamline airport operations by handling routine chores efficiently, freeing up human resources for more complex & customer-centric activities, contributing to improved productivity and service quality in the aviation industry.

Airport Robots Market Report Attributes
Report Attribute	Details
Base Year:	2022
Airport Robots Market Size in 2022:	USD 1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	16%
2032 Value Projection:	USD 4.3 Billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	335
Segments covered:	Category, Application, Type, Function
Growth Drivers:	Increasing deployment of airport robots for security application Growing adoption of automation in airports worldwide Growing demand from emerging countries Growing advancements in robotics technology
Pitfalls & Challenges:	High initial investments

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High initial investments pose a challenge in the airport robots industry as the deployment of advanced robotic solutions requires significant upfront capital. Implementing robots for tasks like security, cleaning, and baggage handling demands substantial financial commitment, hindering adoption for some airports. Cost considerations and the need for a clear return on investment remain key factors affecting the widespread integration of robotic technologies in airport operations.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Industry size for airport robots was USD 1 billion in revenue in 2022 and is estimated to register over 16% CAGR between 2023 and 2032 due to the increasing investments in robotic technologies across the globe

The non-humanoid category segment held 66% of the airport robots market share in 2022 owing to the growing adoption autonomous vehicles, drones, and robotic carts to offer diverse functionalities, such as baggage handling, cleaning, and surveillance

North America held around 37% of the airport robots industry share in 2022 and is poised to witness significant growth through 2032 owing to the rising investments in airport modernization, the strong focus on enhancing operational efficiency, and the adoption of advanced technologies.

Some of the key airport robots industry players are ABB Ltd., Advanced Navigation and Positioning Corporation (ANPC), Avidbots Corp., Cyberdyne Inc., LG Corporation, SITA, and SoftBank Group Corp.