“Global Airport Automation Market to reach a market value of USD 16 Billion by 2030 growing at a CAGR of 6.2%”
The Global Airport Automation Market size is expected to reach $16 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period.
As airports strive to handle larger passenger numbers efficiently, there is a greater emphasis on implementing advanced automation solutions for baggage handling and tracking. Thus, the Baggage Handling & Tracking segment acquired $1,979.8 million in 2022. Baggage handling and tracking methods have changed significantly as a result of technological improvements.
Instead of typical check-in desks, customers can use self-service check-in kiosks to check in, print boarding passes, and select seats. This information helps airport authorities optimize staffing levels and streamline passenger flows.
Additionally, Automated boarding gates equipped with technology such as barcoded or mobile boarding passes allow for quicker and smoother boarding procedures. Thus, these factors can boost the demand for airport automation in the coming years.
However, upgrading existing airport infrastructure to accommodate advanced automation systems requires substantial investments in retrofitting terminals, integrating smart technologies, and deploying specialized equipment. Thus, these factors can restrain the demand for airport automation in the future.
Based on airport side, the market is segmented into land side and air side. The land side segment acquired 57.1% revenue share in the market in 2022. Hence, the segment will witness increased demand in the upcoming years.
Based on automation level, the market is divided into level 1.0, level 2.0, level 3.0, and level 4.0. The level 2.0 segment recorded a 27% revenue share in the market in 2022. Therefore, these aspects can assist in the expansion of the segment.
By system, the market is segmented into data acquisition & communication, automation & control, data storage, and software & solutions. In 2022, the automation and control segment garnered 35.4% revenue share in the market. Hence, these factors will assist in the growth of the segment.
On the basis of end market, the market is divided into greenfield and brownfield. In 2022, the brownfield segment witnessed a substantial 37% revenue share in the market. This phased approach minimizes disruptions to ongoing operations, making it a more feasible and cost-effective option for airports with existing infrastructure.
On the basis of application, the market is divided into baggage handling & tracking, air traffic management, airfield management, and others. In 2022, the passenger service and assistance segment acquired 13.2% revenue share in the market. Thus, these factors will lead to increased demand in the segment.
Free Valuable Insights: Global Airport Automation Market size to reach USD 16 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 36% revenue share in the market in 2022. Therefore, these factors will assist in the expansion of the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 9.6 Billion |
| Market size forecast in 2030 | USD 16 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 6.2% from 2023 to 2030 |
| Number of Pages | 430 |
| Number of Tables | 590 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Airport Side, Automation Level, System, End Market, Application, Region |
| Country scope |
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| Companies Included | Amadeus IT Group SA, SITA, Toyota Industries Corporation, Honeywell International, Inc., RTX Corporation, Siemens AG, NEC Corporation, Wipro Limited, Daifuku Co., Limited, Thales Group S.A. |
By Airport Side
By Automation Level
By System
By End Market
By Application
By Geography
This Market size is expected to reach $16 billion by 2030.
Rising focus on passenger experience enhancement are driving the Market in coming years, however, Substantial upfront costs of airport automation systems restraints the growth of the Market.
Amadeus IT Group SA, SITA, Toyota Industries Corporation, Honeywell International, Inc., RTX Corporation, Siemens AG, NEC Corporation, Wipro Limited, Daifuku Co., Limited, Thales Group S.A.
The expected CAGR of this Market is 6.2% from 2023 to 2030.
The Greenfield segment is leading the Market by End Market in 2022; there by, achieving a market value of $9.8 billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $5.5 billion by 2030.
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