Airport Automation Trends and Forecast
The future of the global airport automation market looks promising with opportunities in the baggage handling & tracking, ground transportation & parking, retail & dinning, facility management, passenger service & assistance, emergency response & safety, ground support equipment, and air traffic management markets. The global airport automation market is expected to reach an estimated $8.8 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growth in passenger traffic, increase in demand for improved operational efficiency, and incorporating artificial intelligence (AI) and using data-backed decision-making more frequently.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Airport Automation by Segment
The study includes a forecast for the global airport automation by airport side, system, application, end use, and region.
Airport Automation Market by Airport Side [Shipment Analysis by Value from 2018 to 2030]:
• Land Side
• Air Side
Airport Automation Market by System [Shipment Analysis by Value from 2018 to 2030]:
• Data Acquisition & Communication
• Automation & Control
• Data Storage
• Software & Solution
Airport Automation Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Baggage Handling & Tracking
• Ground Transportation & Parking
• Retail & Dinning
• Facility Management
• Passenger Service & Assistance
• Emergency Response & Safety
• Ground Support Equipment
• Air Traffic Management
• Others
Airport Automation Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Greenfield
• Brownfield
Airport Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Airport Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies airport automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the airport automation companies profiled in this report include-
• NEC Corporation
• Honeywell International
• Siemens
• Amadeus IT Group
• Daifuku
• Vanderlande Industries
• Wipro
• Thales
• SITA
• Collins Aerospace
Airport Automation Market Insights
Lucintel forecasts that greenfield is expected to witness the higher growth over the forecast period.
Within this market, baggage handling and tracking is expected to witness the highest growth due to crucial role in streamlining baggage sorting, tracking, and delivery throughout the airport journey, enhancing operational effectiveness, lowering mistakes, and raising customer satisfaction.
APAC will remain the largest region over the forecast period due to notable infrastructural investments, robust economic growth, increased demand for air travel, and proactive use of cutting-edge technologies in the region.
Features of the Global Airport Automation Market
Market Size Estimates: Airport automation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Airport automation market size by airport side, system, application, end use, and region in terms of value ($B).
Regional Analysis: Airport automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different airport side, system, application, end use, and regions for the airport automation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the airport automation market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the airport automation market size?
Answer: The global airport automation market is expected to reach an estimated $8.8 billion by 2030.
Q2. What is the growth forecast for airport automation market?
Answer: The global airport automation market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the airport automation market?
Answer: The major drivers for this market are growth in passenger traffic, increase in demand for improved operational efficiency, and incorporating artificial intelligence (AI) and using data-backed decision-making more frequently.
Q4. What are the major segments for airport automation market?
Answer: The future of the global airport automation market looks promising with opportunities in the baggage handling & tracking, ground transportation & parking, retail & dinning, facility management, passenger service & assistance, emergency response & safety, ground support equipment, and air traffic management markets.
Q5. Who are the key airport automation market companies?
Answer: Some of the key airport automation companies are as follows:
• NEC Corporation
• Honeywell International
• Siemens
• Amadeus IT Group
• Daifuku
• Vanderlande Industries
• Wipro
• Thales
• SITA
• Collins Aerospace
Q6. Which airport automation market segment will be the largest in future?
Answer: Lucintel forecasts that greenfield is expected to witness the higher growth over the forecast period.
Q7. In airport automation market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to notable infrastructural investments, robust economic growth, increased demand for air travel, and proactive use of cutting-edge technologies in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the airport automation market by airport side (land side and air side), system (data acquisition & communication, automation & control, data storage, and software & solution), application (baggage handling & tracking, ground transportation & parking, retail & dinning, facility management, passenger service & assistance, emergency response & safety, ground support equipment, air traffic management, and others), end use (greenfield and brownfield), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Airport Automation Market, Airport Automation Market Size, Airport Automation Market Growth, Airport Automation Market Analysis, Airport Automation Market Report, Airport Automation Market Share, Airport Automation Market Trends, Airport Automation Market Forecast, Airport Automation Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.