
Published On: Aug 2021
Published On: Aug 2021
Airport Security and Cleaning Segment to Dominate Europe Airport Robots Market During 2021–2028
According to a new market research study on “Europe Airport Robots Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application” is expected to reach US$ 477.23 million by 2028 from US$ 124.48 million in 2021. The market is estimated to grow at a CAGR of 21.2% from 2021 to 2028. The report provides trends prevailing in the Europe airport robots market along with the drivers and restraints pertaining to the market growth. Growing demand for advanced robots and increasing construction of new airports and exigency for robust airport security are the major factor driving the growth of the Europe airport robots market. However, high cost associated with procuring and maintaining advanced robots hinders the growth of Europe airport robots market.
In case of COVID-19, Europe is highly affected specially the UK. Additionally, countries such as Italy, Russia, and Spain witnessed a significant surge in cases, which led them to shut down business and manufacturing operations for a few months. However, numerous European countries witnessed swift recover from quarter 4 of 2020. Irrespective of the surge in number of COVID-19 cases and shutting down of business operations for months, manufacturers had to continue the production of essential products, resume it earlier than other businesses. However, since the travel activities were closed and airport development and expansion projects were halted, the global airport robots market was heavily impacted. Numerous airports were at a risk of bankruptcy in 2021 in Europe due to the crisis caused by the travel restrictions amid the COVID-19 pandemic. This severely impacted the number of businesses associated or involved in airport operations, including airport robots manufacturers. Further, since manufacturing facilities in the region were completely shut down for months, the manufacturers of airport robots faced several challenges related to procuring raw material and keeping up with the overall stock, among others. However, since the beginning of 2021, governments of various countries in Europe have expedited the vaccination process, and currently the number of COVID-19 cases in the region has drastically reduced. Seeing this, the government authority has now opened up the economy, and airports are now functional with more stringent sanitation guidelines. This has led to creation of demand of advance airport robots.
The Europe airport robots market is segmented into the application and country. Based on application, the Europe airport robots market is segmented into landside/valet parking and terminal. The terminal segment led the Europe airport robots market in 2020 and same segment is expected to be fastest growing during forecast period. The terminal segment is further bifurcated into the airport security and cleaning, boarding pass scanning, airport baggage system, and passenger guidance. The airport security and cleaning segment led the Europe airport robots market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe
ABB Ltd.; Avidbots Corp.; CYBERDYNE INC.; ECA Group; LG Electronics; SITA; SoftBank Robotics; Stanley Robotics SAS; UVD ROBOTS; and YUJIN ROBOT Co., Ltd. are among the leading companies in the Europe airport robots market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, The deployment of the world's first outdoor car park totally operated by robots, built by Stanley Robotics and VINCI Airports, continues at Lyon Airport, with the number of accessible places anticipated to expand from 500 to 2,000. Seven autonomous robots will operate the service at the same time, with 28 cabins accessible for dropping off and picking up vehicles.
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