The Airport Kiosks Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Airport Kiosks Global Market Report 2024, The airport kiosks market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to passenger traffic growth, enhanced passenger experience, operational efficiency, cost reduction for airlines, rise in air travel demand..
The airport kiosks market size is expected to see strong growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to expansion of self-service offerings, sustainability and energy efficiency, enhanced security features, growing focus on accessibility, modular and flexible kiosk designs. Major trends in the forecast period include integration with airport operations, customized services and information, data analytics for personalization, digital payment solutions, mobile integration and connectivity, multilingual and user-friendly interfaces.
The increasing IT spending at airports is expected to propel the growth of the airport kiosks market going forward. IT spending refers to the sum of money allocated to an organization’s information technology systems and services, including salaries for IT staff and costs associated with setting up and maintaining company-wide systems and services. Airport kiosks use information technology. The rise in IT spending is increasing the adoption of airport kiosks. For instance, in March 2023, according to Aviation Week Network, a UK-based production company reports, 93% of airports anticipating higher IT budgets in 2023 compared to 2022, airport IT spending is expected to continue its steady year-over-year growth trend from 2020 to support this push for digitalization. Therefore, the increasing IT spending at airports is driving the growth of the airport kiosk market going forward.
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The airport kiosks market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Location: Indoor, Outdoor
3) By Application: Information, Common Use Self Services, Ticketing, Automated Passport Control, Other Applications
Technological advancement is a key trend gaining popularity in the airport kiosks market. Companies operating in the airport kiosk market are adopting advanced technologies to sustain their position in the market. For instance, in July 2022, Vision-Box, a Portugal-based software company that delivers self-service biometric-based solutions launched a mobile kiosk for airports that will give airport operators more flexibility with their biometric infrastructure. The kiosk-on-wheels run on battery power and can easily be moved from one part to another of the airport. It can be used for people looking to gain access to a lounge and for screening at boarding and security gates.
The airport kiosks market report table of contents includes:
1. Executive Summary
2.Airport Kiosks Market Characteristics
3.Airport Kiosks Market Trends And Strategies
4.Airport Kiosks Impact Of market Analysis
5. Airport Kiosks Market Size And Growth
6. Airport Kiosks Segmentation
7. Airport Kiosks Regional And Country Analysis
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27. Airport Kiosks Competitive Landscape And Company Profiles
28. Airport Kiosks Key Mergers And Acquisitions
29.Airport Kiosks Future Outlook and Potential Analysis
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