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North America Airport Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application

North America Airport Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application

  • August 2021
  • 86 pages
  • ID: 6134362
  • Format: PDF
  • The Insight Partners

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The North America airport robots market is expected to grow from US$ 103.08 million in 2021 to US$ 428.40 million by 2028; it is estimated to grow at a CAGR of 22.6% from 2021 to 2028.

The rise in demand for advanced robots is expected to boost market growth.Original equipment manufacturers (OEMs) have been investing in research and development (R&D) to develop best-in-class and advanced robots.

Massive daily foot traffic experienced by airports over the last decade is compelling them to optimize various operations at airports.With many companies offering airport robots for simplifying these operations, airports are shifting their focus on adopting autonomous robots to optimize labor, enhance operational performance, mitigate risk, and improve traveler experiences.

As a result, many of them are looking forward to partnering with robot suppliers that can offer the best-in-class advanced robots for applications such as security, luggage handling, passenger guidance, and cleaning.Moreover, airports are facing issues in terms of significantly rising labor costs as well as the shortage of qualified, experienced, and reliable employees.

Thus, the burgeoning complexity of airport operations is resulting in overburdening of existing personnel, compelling them to make tradeoffs between the quantity and quality of their work, which might hamper their reputation. To address this issue, airports are switching toward more advanced and autonomous robots that not only reduce the burden on personnel but also work more efficiently than humans, without facing the issues such as excessive workload and fatigue, which will drive the market in coming years.

In the case of COVID-19, North America, especially the US, is highly affected.The federal government in the country did not impose nationwide lockdown in 2020; however, governors of few states decided to impose lockdown in their respective states.

The lockdown hindered the operations of various industries, including manufacturing and IT.However, essential industries such as fast-moving consumer goods (FMCG) and pharmaceuticals had to continue their operations.

Various big construction projects, including airport modification and expansion, were also halted due to the COVID-19 outbreak, specifically in the US and Canada.For instance, Raleigh-Durham International Airport was planning to expand its Terminal 1 from nine gates to as many as 22 and proceed with a new security checkpoint and a consolidated rental car facility.

The projected expansion was halted due to the pandemic. Similarly, an infrastructure project at Vancouver International Airport has been terminated due to the COVID-19 crisis. Due to a halt in such a big project (expanded till quarter 3 of 2020), airport robots manufacturers lost a lot of potential clients/projects, which impacted their overall cash flow. The impact was not only from the demand side, but it was also from the supply side. Since manufacturing facilities in the region were not operational for months, the supply chain was disrupted and procurement of raw material was interrupted. Due to this, OEMs saw prominent challenges in keeping up with the quarterly revenue. However, airports also saw the importance of robots and other machinery because of the reduced risk of human contact during the pandemic. However, the analysis states that the financial year 2021 would bring additional demand for airport robots, as airport development project resumes and airport authorities prepare to focus significantly on the health and safety of passengers.

Based on application, the terminal segment led the North America airport robots market in 2020.An airport terminal is a building at an airport where passengers arrive upon landing and depart on a flight.

Typically, terminals have several gates divided into sections known as concourses that are filled with shopping, dining, restroom, lounge, and other facilities.Passengers at terminals can purchase tickets, check-in for the scheduled flight, check or collect luggage, pass through security or customs, find connecting flights, etc.

The growing number of air passengers is expected to increase the use of terminals, which will further escalate the demand for airport robots, thereby driving the North America airport robots market in coming years.

The overall North America airport robots market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America airport robots market.

The process also serves the purpose of obtaining an overview and forecast for the North America airport robots market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America airport robots market. ABB Ltd., Avidbots Corp., CYBERDYNE INC., LG Electronics, SITA, and SoftBank Robotics are among the key players operating in the North America airport robots market.

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