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