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Airport Robots Market 2022 Growth Statistics, Industry Share, Latest Trends, Overview, Business Plans, Cost Analysis, Revenue, Growth Drivers, Size and Forecast till 2030

Airport robots market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Airport robots market by region.

The global airport robots market was calculated at $564.15 million in 2020 and is forecast to grow at a CAGR of 17% during the forecast period from 2021 to 2027.

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The airport robots market covers various types of robots, been used to perform different jobs. For instance, Guide robots at Incheon International Airport (South Korea), disinfectant robots at Heathrow Airport (London), cleaning robot Neo in CVG Airport (U.S.), and Jomo Kenyatta International Airport (Kenya), are a few of the robots set up to help the staff. These robots are developed to manage different operations in an airport.

With the advancement of technology, various robots are being built to communicate with passengers and boost productivity in work at airports. Robots are programmed in a way to lengthen the knowledge with the help of machine learning technologies when needed. In addition to handling more accurate and timely information, robots can provide significant operational gains that are much harder to achieve manually.

Factors Affecting Market

The global airport robots market will continue to grow in the upcoming years with a rise in the number of passengers traveling internationally. The increasing numbers of passengers could lead to the growth of robotic technologies, which is a convenient way of maintaining security standards, performing health checks, cleaning, and carrying out other tasks. According to the Heathrow airport data, in London, around 81 million passengers traveled from the airport, in 2019, marking the 9th consecutive year of significant growth. Thus, the growth of the global airport robots can be driven by the growing number of passengers during the forecast time.

The need for Taxi Boats is anticipated to increase because of the fuel-saving advantages it offers. Aircraft have to drive twice from the taxiway vice versa which results in excess fuel consumption. Thus, Taxi boats help airlines reduce the significant amount of their self-driving aircraft tractors properties. Indira Gandhi International (IGI) Airport, located in Delhi, India, became the first airport to record 1,000 taxi bot movements with the registered reduction of about 532 tons of carbon and 214,000 liters of aviation fuel usage. Thus, the forecast time frame could witness the growth of the global airport robots market with Taxi Boats.

Even though robots can conveniently perform several tasks at once, their high costs can hamper the growth of the market. The floor scrubbing robot Neo by Avidbots Corp. values around $50,000 whereas the Urumuri robot by Zora Bots costs around $30,000. The expensive value of these machines can inhibit the market from growth.

A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Airport Robots Market.

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Covid-19 Impact

The COVID-19 pandemic collapsed the air traffic figures owing to the lockdown imposed in several countries. It created an enormous downfall in the number of travelers, thus hampering the overall growth of the global airport robots’ market.

Besides that, the unavailability of parts obstructed the entire manufacturing process. COVID-19 is proven unfavorable to the global airport robots market with the delay in activities that impacted the development globally.

Regional Analysis

Asia-Pacific is expected to hold the maximum share in the forecast period.

The global airport robots market is likely to rise in the Asia-Pacific region during the forecast period. Owing to the enormous electronic and automobile manufacturing industries, countries like China and South Korea are rapidly adopting robotics.

As there is a decline in the workforce in the region, government organizations are planning to prepare robots for the work. The Housing Development Board (Singapore) may use autonomous drones and other robots to classify the sections of public housing blocks that require cleaning.

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

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Key Market Segments

By End-User

Airport Security

Boarding Pass Scanning

Airport Baggage System

Passenger Guidance

Others

By Application

Landside

Terminal

By Type

Humanoid

Non-Humanoid

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By Region

North America

The U.S.
Canada
Mexico

Europe

Western Europe

The UK
Germany
France
Italy
Spain
Rest of Western Europe

Eastern Europe

Poland
Russia
Rest of Eastern Europe

Asia Pacific

China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)

UAE
Saudi Arabia
South Africa
Rest of MEA

South America

Brazil
Argentina
Rest of South America

Key Players

Asea Brown Boveri Ltd.

Avidbots Corp.

Cyberdyne Inc.

ECA Group

Lucky-Goldstar Electronics Inc.

SITA(Société Internationale de TélécommunicationsAéronautiques)

SoftBank Corp.

Stanley Robotics

UVD Robots(UV Disinfection Robots)

YUJIN Robot Co., Ltd.

What is the goal of the report?
• The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
• During the forecast period, the report analyzes the growth rate, market size, and market valuation.
• The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
• The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance

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