Airport Automation Market to Reach $19.6 Billion, Globally, by 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.
On the basis of system, the automation and control segment 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 data storage segment 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 baggage handling and tracking segment 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 retail and dinning segment 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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