Asia Pacific Airport Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Landside/Valet Parking and Terminal)

Terminal Segment is Expected to be Fastest Growing During Forecast Period for APAC Region

According to a new market research study on “APAC Airport Robots Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Application” is expected to reach US$ 970.87 million by 2028 from US$ 223.48 million in 2021. The market is estimated to grow at a CAGR of 23.3% from 2021 to 2028. The report provides trends prevailing in the APAC airport robots market along with the drivers and restraints pertaining to the market growth. High potential in developing countries and improved sanitation programs and procedures at airports are the major factor driving the growth of the APAC airport robots market. However, expensive installation and maintenance hinders the growth of APAC airport robots market.

In case of COVID-19, APAC is highly affected specially India. The APAC constitutes the world’s two most populated countries that are also hubs for manufacturing - India and China. China virtually imposed strict lockdown and social isolation, which almost halted the manufacturing and production for several weeks. Moreover, the country also suspended the import as well as export of critical raw materials and components, which disrupted the global supply chains in early 2020. India also imposed a nationwide lockdown to keep a check on the growing COVID-19 cases across the country. As a result, lockdown and disruption of industrial activities across China and India contributed to the disruption of supply chain of various raw material and goods. However, these countries had to permit the manufacturing of a few essential goods. Travelling was restricted, and several huge airport expansion and development projects were halted for months. For instance, in India, expansion of Kolkata Airport as well as Bangalore Airport was halted, owing to the pandemic that was at peak in mid-2020. With such halts of major projects, demand for new airport robots got skewed as well, impacting the India airport robots market. Similar trend was visible in other parts of the region. However, Indira Gandhi airport in India saw deployment of new robots. Also, airports in Singapore observed the increase in number of robots to help customers increase. Therefore, the impact of COVID-19 pandemic on Asia Pacific airport robots market was significant.

The APAC airport robots market is segmented into the application and country. Based on application, the APAC airport robots market is segmented into landside/valet parking and terminal. The terminal segment led the APAC 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 APAC 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 China, India, Japan, South Korea, Australia, and rest of APAC.

ABB Ltd.; Avidbots Corp.; CYBERDYNE INC.; ECA Group; LG Electronics; SITA; SoftBank Robotics; and YUJIN ROBOT Co. Ltd. are among the leading companies in the APAC 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 2019, Yujin Robot GoCart 120. Yujin Robot, a leading service robot company, participates in CES 2019. It demonstrates the LiDAR sensor technology it developed completely on its own, its autonomous transport system GoCart 120 and the latest version of its robot vacuum cleaner outfitted with artificial intelligence, iCLEBO O5

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