According to a new report, published by KBV research, 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.
The Air Side segment is exhibiting a CAGR of 6.8% during (2023 - 2030). Airside automation includes advanced baggage handling systems that streamline the movement of luggage from check-in to the aircraft. Automated conveyor systems, sorting technologies, and baggage loading/unloading systems improve the accuracy and speed of baggage processing, reducing the likelihood of delays. Thus, the segment will expand rapidly in the coming years.
The Level 3.0 segment is generating the highest revenue in the Global Airport Automation Market by Automation Level in 2022; thereby, achieving a market value of $5.1 billion by 2030. Airports are continually seeking ways to improve operational efficiency, reduce costs, and enhance safety. Level 3.0 automation can offer solutions that address these concerns. The overall growth in air travel and the increasing demand for seamless and efficient airport operations worldwide can drive the adoption of advanced automation technologies. Thus, the segment will expand rapidly in the upcoming years.
The Data Acquisition & Communication segment is registering a CAGR of 6% during (2023 - 2030). Airports are investing in smart infrastructure, where various components are equipped with sensors and communication devices. This includes smart runways, gates, baggage systems, and security systems. Integrating these smart elements enhances data acquisition capabilities, allowing airports to optimize operations and improve overall efficiency. Hence, these factors will pose lucrative growth prospects for the segment.
The Greenfield segment is leading the Global Airport Automation Market by End Market in 2022; thereby, achieving a market value of $9.8 billion by 2030. Greenfield airports have the advantage of starting with a blank slate, enabling them to prioritize passenger experience in designing and implementing automation solutions. This includes streamlined check-in processes, self-service kiosks, and other technologies to enhance overall satisfaction. Hence, owing to these aspects, the segment will witness enhanced growth in the future.
The Passenger Service & Assistance segment is experiencing a CAGR of 6.6% during (2023 - 2030). Deploying self-service kiosks for check-in and other processes allows passengers to manage various aspects of their journey independently. This reduces waiting times and empowers travelers with more control over their experience. Many airport security checkpoints use biometric technologies like facial recognition and fingerprint scanning. This includes check-in, security screening, boarding, streamlining processes, and improving overall efficiency. Thus, these factors will lead to increased demand in the segment.
Full Report: https://www.kbvresearch.com/airport-automation-market/
The North America region dominated the Global Airport Automation Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.5 billion by 2030. The Europe region is anticipating a CAGR of 5.9% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 6.8% during (2023 - 2030).
By Airport Side
By Automation Level
By System
By End Market
By Application
By Geography
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