According to the new research report published by The Insight Partners, titled “Airport Robots Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 2,108.29 million by 2028, registering a CAGR of 22.4% from 2021 to 2028.
The most instant perceived threats and their essential materials comprise conventional explosives, weapons, chemical agents, and contraband. With an intent to prevent uncertain events, authorities worldwide are actively focusing on the deployment of advanced systems, including robots, to strengthen security at airports. The robots used for security application at airports are integrated with features such as facial recognition systems, sensors, and cameras to measure pulse rate remotely, which allows them to detect suspicious persons, currencies, weapons and explosives, abandoned objects, and other illicit material without disturbing the operations or flow of passengers at airports. Furthermore, the governments of various countries are investing in the development of their transport infrastructure, including building of new airports. For instance, the Chinese government plans to construct additional 215 airports by 2035. Furthermore, the Indian government plans to build 100 new airports across the country by 2024.
The global airport robots market is segmented by application. Based on application, the market is segmented into landside/valet parking and terminal. The terminal segment dominated the market in 2020. The terminal segment is sub-segmented into airport security and cleaning, boarding pass scanning, airport baggage system, and passenger guidance. The airport security and cleaning segment led the market in 2020.
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The COVID-19 pandemic and the consequent containment measures have marginally impacted the airport robots market in 2020, as it has led to temporary halts in the manufacturing processes. Social distancing norms laid down by local and federal governments compelled manufacturers to shut down their units, which further disrupted the logistics activities. However, with the gradual resumption of manufacturing processes from the third quarter of 2020, the demand for airport robots has begun to rise; thus, manufacturers managed to stabilize the overall revenue and cash flow.
The airport robots market is experiencing significant growth owing to increasing importance for security at airports. However, the high cost of robots hampers their adoption, especially at small airports in developing or under-developed countries. Meanwhile, the number of air passengers worldwide has increased due to surge in business travel and leisure travel. With the growing footfall at airports, the airport authorities are investing significantly in advance technologies, including robotics, for streamlining their operations. According to a survey conducted by the Air Transport IT Insights, ~32% of airports in the world are in the favor of increasing robotics involvement in their operations.
ABB Ltd, Cyberdyne Inc., LG Electronics Inc., SoftBank Corp., and Stanley Robotics SAS are among the major companies operating in the airport robots market.
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