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Airport Automation Market to Reach $19.6 Billion, Globally, by 2032 at 6.4% CAGR: Allied Market Research
According to the report, the global airport automation market size generated $10.8 billion in 2022 and is anticipated to generate $19 .6 billion by 2032, witnessing a CAGR of 6.4% from 2023 to 2032.
Continued growth in both, international and domestic air travel is the primary driver for the airport automation market growth. Airports work to streamline procedures to effectively manage increased traffic. Furthermore, continuous technological developments, such as those in artificial intelligence, machine learning, and the Internet of Things (IoT) support the creation of advanced and effective airport automation systems.
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Opposition To Change and Workforce Displacement Concerns
On the basis of system, the held the highest market share in 2022, accounting for nearly one-fifth of the global airport automation market revenue, and is estimated to maintain its leadership status during the forecast period, due its vital role in streamlining and improving a number of airport procedures, including air traffic control, luggage management, and security screening, which improves operational effectiveness and customer experience. However, the is projected to attain the highest CAGR of 9.3% from 2023 to 2032, owing to their automation systems producing increased amount of data, such as operational metrics, security data, and passenger information, which calls for reliable storage options for efficient analysis, compliance, and decision-making.
On the basis of application, the held the highest market share in 2022, accounting for nearly one-fifth of the global airport automation market revenue, and is estimated to maintain its leadership status during the forecast period owing to its vital role in automating the sorting, tracking, and delivery of luggage throughout the airport trip, improving operational efficiency, decreasing errors, and increasing customer pleasure. Moreover, the is projected to attain the highest CAGR of 14.0% from 2023 to 2032, driven by the growing need for automated solutions, such smartphone apps and self-service kiosks, which offers travelers easy, frictionless ways to eat, buy, and place orders inside airport terminals.
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On the basis of airport side, the accounted for the largest share in 2022, accounting for more than half of the global airport automation market revenue, and is estimated to maintain its leadership status during the forecast period as there is rise in focus on boosting entire airport services prior to passengers entering the secure airside area, as well as operational efficiency in areas like check-in, baggage drops, and ground transportation. Moreover, the air is projected to attain the highest CAGR of 7.5% from 2023 to 2032, due to the growing uptake of cutting-edge technologies such as intelligent apron management, automated aircraft boarding, and enhanced air traffic control systems, which enhance productivity and safety on the airside of airports.
On the basis of end market, the accounted for the largest share in 2022, accounting for more than three-fifths of the global airport automation market revenue and is estimated to maintain its leadership status during the forecast period. Moreover, the is projected to attain the highest CAGR of 8.0% from 2023 to 2032, owing to rise in need to modernize current airports with cutting-edge automated technologies to improve passenger experience, efficiency, and adherence to changing industry standards.
On the basis of automation level, the accounted for the largest share in 2022, accounting for nearly one-third of the global airport automation market revenue and is estimated to maintain its leadership status during the forecast period owing to rise in emphasis on 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. Moreover, the is projected to attain the highest CAGR of 8.7% from 2023 to 2032, as automated systems could be programmed to follow safety protocols to the letter, which could help to reduce the risk of accidents.
Region-wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting more than one-third of the airport automation market revenue and is expected to dominate the market during the forecast period, due to the region's strong economic growth, rise in demand for air travel, significant infrastructure investments, and proactive adoption of cutting-edge technologies. However, the is expected to witness the fastest CAGR of 8.0% from 2023 to 2032, as adoption of advanced automation technology in the region is driven by factors such as fast urbanization, economic expansion, increased demand for air travel, and significant investments in renovating airport infrastructure.
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The report provides a detailed analysis of these key players of the global airport automation market. These players have adopted various strategies such as contracts, agreements, partnerships, expansion, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.
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