Market Research Future (MRFR) has published a cooked research report on the “Global Airport Automation Market” that contains information from 2019 to 2032. The airport automation market is estimated to register a CAGR of 5.30% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global airport automation market - ABB, Collins Aerospace, Amadeus IT Group, Honeywell, IBM Corporation, L3Harris Technologies, Leidos Holdings, Inc., Daifuku Co. Ltd., Siemens, and Thales Group.
Airport Automation Market Highlights
The global airport automation market is accounted to register a CAGR of 5.30% during the forecast period and is estimated to reach USD 9.825 billion by 2032.
The market for airport automation is growing as a result of a number of factors, including increased passenger traffic and the need for efficiency, tighter security rules and legal compliance, lower prices, and more operational efficiency. Nonetheless, significant upfront implementation costs and worries about workforce displacement function as roadblocks to the market's expansion. Furthermore, throughout the projected period, there could be plenty of opportunity for market expansion due to the integration of artificial intelligence (AI) and the increase in the use of data-backed decision-making.
Segment Analysis
The global airport automation market has been segmented into system, technology, level of automation, application, and end-user.
Based on the system, the market is segmented into Data storage, Automation & Control, Data Acquisition & Communication, and Software & Solutions. The data acquisition & communication segment was attributed to holding the largest market share in 2023. Airports are making investments in smart infrastructure, which consists of numerous parts that have sensors and communication devices installed. This covers security systems, luggage systems, gates, and smart runways. By incorporating these intelligent components, airports may improve overall efficiency and optimize operations by enhancing data collecting capabilities. As a result, the segment will have profitable growth opportunities due to these considerations.
Based on technology, the global airport automation market has been segmented into Baggage Handling Systems, Passenger Processing, Air Traffic Management (ATM), Information Technology (IT) Solutions, Security Systems, and Automated Ground Handling. The baggage handling systems segment was expected to hold the largest market share in 2023 due to its crucial role in improving operational efficiency, decreasing errors, and increasing customer happiness by automating the delivery, tracking, and sorting of bags during airport transit.
Based on the level of automation, the global airport automation market has been segmented into Level 1, Level 2, Level 3, and Level 4. The level 3 segment was expected to hold the largest market share in 2023. Airports are always looking for methods to increase safety, save expenses, and improve operational effectiveness. Automation at Level 3.0 can provide answers to these issues. The global increase in air travel combined with the growing demand for smooth and effective airport operations may propel the use of advanced automation technologies. As a result, the market will grow quickly in the years to come.
Based on application, the global airport automation market has been segmented into Terminal-side Operations, Airside Operations, and Landside Operations. The airside operations segment was expected to hold the largest market share in 2023 because of the increasing adoption of cutting-edge technology that improves efficiency and security on the airside of airports, such as automated aircraft boarding, intelligent apron management, and improved air traffic control systems.
Based on end-user, the global airport automation market has been segmented into Commercial Airports, Military Airports, and Cargo Airports. The commercial airports segment was expected to hold the largest market share in 2023. These airports reap the benefits of starting from scratch, enabling them to prioritize the passenger experience in the development and implementation of automation systems. In order to increase overall happiness, examples of this include self-service kiosks, accelerated check-in processes, and other technological innovations.
Regional Analysis
The global airport automation market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe airport automation market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The airport automation market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World airport automation market comprises the Middle East, Africa, and Latin America.
The North American regional sector maintained the largest market share for airport automation because of a number of elements that highlight the area's dedication to operational effectiveness and technical innovation. Airports in North America are making large investments in state-of-the-art automation technologies to improve passenger experience and optimize operations thanks to a thriving aviation sector. The region's strict security rules also influence the use of innovative automation systems. In addition, the forward-thinking attitude of airports in North America toward new developments like biometrics and AI foster the market's robust expansion and positions it as a hub for automation developments in the aviation sector.
Moreover, the Europe market has been persistently growing over the forecast period because the region's rapid urbanization, economic growth, rising air travel demand, and large investments in airport infrastructure renovation are driving the adoption of modern automation technologies. In addition, the European region has increased and updated its airport infrastructure at considerable financial cost. Airports faced with the challenge of managing more passengers turned to automation to increase capacity and optimize operations.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's quick economic expansion, a spike in air travel, significant infrastructure development, proactive adoption of new technology, government assistance, and emphasis on improving the overall travel experience, particularly in China. The Asia-Pacific area has seen a sharp increase in air travel as a result of rising disposable income, urbanization, and middle class growth. In addition, a lot of money has been invested in the Asia-Pacific area to expand and modernize its airport infrastructure.
Furthermore, the rest of the world's airport automation market is divided into the Middle East, Africa, and Latin America. Due to the existence of major players, producers of automation solutions, and component makers, the rest of the world controls a sizable portion of the market. In order to increase productivity and dependability, these companies make investments in the development of cutting-edge electric boating solutions. Additionally, the aggressiveness with which airports across the world have adopted new developments like biometrics and artificial intelligence has fueled the market's explosive expansion and elevated it to a leadership position in the aviation industry's automation breakthroughs.
Key Findings of the Study
- The global airport automation market is expected to reach USD 9.825 billion by 2032, at a CAGR of 5.30% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the region's quick economic expansion, the spike in air travel, and significant infrastructure development.
- Based on application, the airside operations segment was attributed to holding the largest market in 2023.
- ABB, Collins Aerospace, Amadeus IT Group, Honeywell, IBM Corporation, L3Harris Technologies, Leidos Holdings, Inc., Daifuku Co. Ltd., Siemens, and Thales Group are the key market players.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.