Airport Automation Global Market 2024 – By Size, Share, Trends, Demand, Forecast To 2033 | Siemens AG, Raytheon Technologies Corporation, Panasonic Corporation

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 growth in the forecast period can be attributed to continued growth in air travel, emphasis on contactless solutions, focus on operational efficiency and cost reduction, regulatory requirements and security measures, increasing focus on environmental sustainability. Major trends in the forecast period include adoption of artificial intelligence (AI) and machine learning, expansion of biometric identification systems, growth of robotics and automation in ground handling, rise of smart airport concepts, integration of contactless solutions post-pandemic.

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Segmentation & Regional Insights
The airport automation market covered in this report is segmented –
1) By System: Data Acquisition and Communication, Automation and Control, Data Storage, Software and Solutions
2) By Airport Side: Land Side, Air Side
3) By Application: Baggage Handling And Tracking, Ground Transportation And Parking, Retail And Dining, Facility Management, Passenger Services And Assistance, Emergency Response And Safety, Ground Support Equipment, Air Traffic Management, Airfield Management, Other Applications
4) By End Market: Greenfield, Brownfield

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.

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Major Driver Impacting Market Growth
The rising air traffic volume is expected to propel the growth of the airport automation market going forward. Air traffic volume refers to the number of aircraft movements within a given airspace, airport, or region over a specific period. Increased business travel and expanding global economic activities drive rising air traffic volume as companies engage in cross-border operations and international collaborations. Airport automation aids in managing air traffic volume by optimizing airspace utilization, coordinating aircraft movements, facilitating efficient communication between air traffic controllers and pilots, reducing human error, and enhancing overall operational efficiency and safety. For instance, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), in 2022, the European Union witnessed a significant surge in air travel, with the total number of passengers reaching 820 million, marking a substantial increase of 119.3% compared to 2021. Therefore, the rising air traffic volume is driving the growth of the airport automation market.

Key Industry Players
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 – Société Internationale de Télécommunications Aéronautiques, Smiths Detection, Morpho

The airport automation market report table of contents includes:
1. Executive Summary
2. Airport Automation Market Characteristics
3. Airport Automation Market Trends And Strategies
4. Airport Automation Market – Macro Economic Scenario
5. Global Airport Automation Market Size and Growth
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31. Airport Automation Market Other Major And Innovative Companies
32. Global Airport Automation Market Competitive Benchmarking
33. Global Airport Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Airport Automation Market
35. Airport Automation Market Future Outlook and Potential Analysis

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