CHICAGO, Dec. 11, 2023 /PRNewswire/ — The Airport Automation Market size is projected to grow from USD 5.8 billion in 2023 to USD 7.7 billion by 2028, at a CAGR of 5.8% from 2023 to 2028 according to a new report by MarketsandMarkets™. Automated systems contribute to a smoother and more convenient passenger experience. Self-service check-in kiosks, automated security checks, and electronic boarding passes contribute to shorter wait times and a more seamless journey through the airport.
Browse in-depth TOC on “Airport Automation Market” 270 – Tables
57 – Figures
297 – Pages
Airport Automation Market Report Scope:
|
Report Coverage |
Details |
|
Market Revenue in 2023 |
$ 5.8 billion |
|
Estimated Value by 2028 |
$ 7.7 billion |
|
Growth Rate |
Poised to grow at a CAGR of 5.8% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By System, Application, Airport Side, Airport Size, End Market, Automation level and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Gradual incorporation of cutting-edge technologies due to significant capital expenditures |
|
Key Market Opportunities |
Rising Utilization of Data-Backed Decision Making |
|
Key Market Drivers |
Growing emphasis on customer-centric strategies |
The Automation level 3.0 segment is projected to hold the largest market share during the forecast period.
Based on the automation level, the level 3.0 segment is projected to hold the largest market share during the forecast period. Automation Level 3.0 emphasizes a higher degree of collaboration between humans and machines. While automation handles routine tasks, human operators remain actively involved in monitoring, decision-making, and taking control when necessary. This collaborative approach enhances overall system reliability and safety.
The medium-sized airport is projected to hold the largest share of the Airport Automation Market during the forecast period.
Based on boat power, the <5kW segment is projected to hold the largest market share during the forecast period. Medium-sized airports are often considered optimal for the implementation of airport automation solutions. They are large enough to benefit significantly from automation technologies but may face fewer complexities than larger international hubs, making the implementation process more manageable.
Automation and control segment to have large market share during the forecast period.
Based on the system, the automation and control segment are expected to have a larger market share during the forecast period. Automation, including interactive HMIs, contributes to a smoother and more efficient passenger experience. Automated check-in kiosks, self-service bag drops, and electronic boarding systems enhance convenience for travelers.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=133408420
Asia Pacific is expected to account for the largest share in 2023.
The Airport Automation industry has been studied in North America, Europe, Asia Pacific, Middle East and Rest of the World. Asia Pacific accounted for the largest market share in 2023. The Asia-Pacific region has witnessed a surge in air travel demand, driven by factors such as economic growth, rising middle-class population, and increased connectivity. This growth in passenger traffic creates a demand for efficient and automated airport solutions to handle the increasing volume.
Key Players
Key players in Airport Automation companies such as Daifuku Co. Ltd. (Japan), Collins Aerospace (US), Siemens (Germany), and Amadeus IT Group (Spain) are working toward developing advanced airport automation solutions utilizing advanced technologies to help automate airport operations.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=133408420
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Ground Support Equipment Market (GSE) Size, Share & Analysis Report by Point of Sale (Equipment, Maintenance), Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Autonomy, Ownership, and Region- Global Forecast to 2027
Air Traffic Control (ATC) Market by Offering (Hardware, Software & Solutions), Investment Type (Brownfield, and Greenfield), Airspace (ARTCC, TRACON, ATCT and Remote Tower), Service, Application, Airport Size and Region- Global Forecast to 2027
Smart Airports Market by System, Application (Landside, Terminal Side, and Airside), Airport Size (Small, Medium, and Large), End Market, Airport Technology (Airport 2.0, Airport 3.0 and Airport 4.0), Operation and Region – Global Forecast to 2027
Air Traffic Management Market Size, Share & Industry Growth Analysis Report by Application (Communication, Navigation, Surveillance, Automation), End Use (Commercial, Military), Airspace, Investment Type, Offering, Service, Airport Size and Region – Global Growth Driver and Industry Forecast to 2027
Passenger Boarding Bridges Market by Elevation System (Hydraulic, Electro-Mechanical), Foundation (Fixed, Moveable), Point of Sale (OEM, Aftermarket), Product Type, Structure, Tunnel Type, Docking Type, Seaport-PBB and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/airport-automation-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/airport-automation.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
