PUBLISHER: The Business Research Company | PRODUCT CODE: 1465651
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465651
Airport automation encompasses the integration of diverse technologies, systems, and processes within airports to streamline operations, boost efficiency, enhance passenger satisfaction, and ensure safety and security. It plays a pivotal role in modernizing airport infrastructure, improving operational effectiveness, elevating passenger experience, and addressing the evolving needs of the aviation sector.
The primary categories of airport automation include data acquisition and communication, automation and control, data storage, and software and solutions. Data acquisition and communication involve the collection and transmission of data from various sensors and sources within airport environments, covering both land and air domains. These technologies find application across multiple areas such as baggage handling and tracking, ground transportation and parking, retail and dining services, facility management, passenger assistance and services, emergency response and safety protocols, ground support equipment, air traffic management, airfield management, and more. They serve various end markets, including greenfield and brownfield developments.
The airport automation market research report is one of a series of new reports from The Business Research Company that provides airport automation market statistics, including airport automation industry global market size, regional shares, competitors with an airport automation market share, detailed airport automation market segments, market trends and opportunities, and any further data you may need to thrive in the airport automation industry. This airport automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The airport automation market size has grown strongly in recent years. It will grow from $7.42 billion in 2023 to $7.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth witnessed during the historical period can be attributed to a variety of factors including the rising demand for air travel, heightened emphasis on enhancing passenger experience, advancements in safety and security measures, improvements in operational efficiency, and adherence to regulatory standards.
The airport automation market size is expected to see strong growth in the next few years. It will grow to $10.0 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period is expected to be driven by several key factors, including the sustained increase in air travel demand, heightened focus on implementing contactless solutions, emphasis on enhancing operational efficiency and reducing costs, compliance with regulatory requirements and security measures, and a growing emphasis on environmental sustainability within the aviation industry. Major trends expected in this period include the widespread adoption of artificial intelligence (AI) and machine learning technologies, the expansion of biometric identification systems for improved security and efficiency, the proliferation of robotics and automation in ground handling processes, the emergence of smart airport concepts aimed at enhancing passenger experience and operational effectiveness, and the integration of contactless solutions as part of post-pandemic measures to ensure safety and hygiene.
The anticipated rise in air traffic volume is set to drive the expansion of the airport automation market in the coming years. Air traffic volume, defined as the number of aircraft movements within a specified airspace, airport, or region over a particular timeframe, is propelled by increased business travel and the burgeoning global economy. This growth is fueled by companies engaging in cross-border operations and international collaborations. Airport automation plays a crucial role in managing air traffic volume by optimizing airspace utilization, coordinating aircraft movements, facilitating efficient communication between air traffic controllers and pilots, mitigating human error, and augmenting overall operational efficiency and safety. For instance, Eurostat, the Luxembourg-based statistical office of the European Union (EU), reported a substantial surge in air travel in 2022, with the total number of passengers in the European Union reaching 820 million, representing a notable increase of 119.3% compared to 2021. Consequently, the escalating air traffic volume is the key driver behind the growth of the airport automation market.
Prominent players in the airport automation market are actively developing innovative products, including digital tower air traffic control systems, to gain a competitive advantage. These advanced technologies empower air traffic controllers to manage air traffic at airports from remote locations using cameras, sensors, and other digital tools. For example, in November 2023, Saab AB, a Sweden-based aerospace and defense company, introduced the Integrated Digital Tower Solution (i-DTS), a cutting-edge air traffic control system tailored for larger airports. The i-DTS seamlessly integrates remote tower technology with automated systems expertise, delivering heightened resilience and comprehensive control and training capabilities. Equipped with panoramic camera views and role-based console displays, controllers can access real-time imagery and event detection, thereby enhancing situational awareness and operational efficiency.
In January 2024, TKH Group N.V., a company specializing in networks and systems technology based in the Netherlands, successfully acquired JCAII Inc. for an undisclosed sum. This strategic move has strengthened TKH Group N.V.'s foothold in the aviation sector through the integration of complementary guidance software and equipment. The acquisition not only broadens the company's market presence but also facilitates an acceleration of innovation within the industry. JCAII Inc., headquartered in Canada, is a prominent airport infrastructure and technology solutions company, with a specialization in providing cutting-edge airport automation solutions.
Major companies operating in the airport automation market are Siemens AG, Raytheon Technologies Corporation, Panasonic Corporation, The International Business Machines Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., NEC Corporation, Collins Aerospace, Thales Group, L3Harris Technologies, Leidos Holdings Inc., Wipro Limited, Rockwell Automation Inc., Amadeus IT Group SA, Daifuku Co. Ltd., Advantech Co. Ltd., Bosch Rexroth AG, Vanderlande Industries B.V., SITA - Societe Internationale de Telecommunications Aeronautiques, Smiths Detection, Morpho
Asia-Pacific was the largest region in the airport automation market in 2023. The regions covered in the airport automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the airport automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The airport automation market consists of revenues earned by entities by providing services such as airport retail automation, maintenance and operations automation, traffic control operations, and border control automation. The market value includes the value of related goods sold by the service provider or included within the service offering. The airport automation market also includes sales of baggage handling systems, check-in kiosks, management software, and screening equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Airport Automation Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on airport automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for airport automation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The airport automation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.