Airport Security and Cleaning Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA Airport Robots Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Application” is expected to reach US$ 141.77 million by 2028 from US$ 36.11 million in 2021. The market is estimated to grow at a CAGR of 21.6% from 2021 to 2028. The report provides trends prevailing in the MEA airport robots market along with the drivers and restraints pertaining to the market growth. Refinement in sanitation programs and procedures at airports and growing investment in developing countries are the major factor driving the growth of the MEA airport robots market. However, high cost associated with procuring and maintaining advanced robots hinders the growth of MEA airport robots market.
In case of COVID-19, Iran has reported the highest number of cases. Moreover, Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the other countries in the region that faced notable disruptive effect of the COVID-19 pandemic. The lockdown measures were imposed only in a few countries that witnessed rapid spread of the infection. However, in line with the global trend, the airport robots market in MEA region witnessed a negative effect of the pandemic. The demand for new airport robots staggered, and since manufacturing facilities faced logistic issues and raw material procurement issues, the overall manufacturing schedule was impacted too. However, the situation improved from the beginning of 2021, and various domestic and international airport modified their sanitation procedure. They are now willing to invest and procure new and advance airport robots, creating immense opportunity in the MEA region.
The MEA airport robots market is segmented into the application and country. Based on application, the MEA airport robots market is segmented into landside/valet parking and terminal. The terminal segment led the MEA 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 MEA 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 UAE, Saudi Arabia, South Africa, and rest of MEA.
ABB Ltd. Avidbots Corp. LG Electronics, SITA, and SoftBank Robotics are among the leading companies in the MEA 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, BCIA, China's busiest airport and the world's second busiest, has entirely automated the whole passenger trip, from check-in and bag drop to immigration, security, and finally boarding, utilizing SITA technology. Passengers must only enroll once during check-in, after which they will have a flawless journey through the airport thanks to facial recognition
According to a new market research study on “MEA Airport Robots Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Application” is expected to reach US$ 141.77 million by 2028 from US$ 36.11 million in 2021. The market is estimated to grow at a CAGR of 21.6% from 2021 to 2028. The report provides trends prevailing in the MEA airport robots market along with the drivers and restraints pertaining to the market growth. Refinement in sanitation programs and procedures at airports and growing investment in developing countries are the major factor driving the growth of the MEA airport robots market. However, high cost associated with procuring and maintaining advanced robots hinders the growth of MEA airport robots market.
In case of COVID-19, Iran has reported the highest number of cases. Moreover, Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the other countries in the region that faced notable disruptive effect of the COVID-19 pandemic. The lockdown measures were imposed only in a few countries that witnessed rapid spread of the infection. However, in line with the global trend, the airport robots market in MEA region witnessed a negative effect of the pandemic. The demand for new airport robots staggered, and since manufacturing facilities faced logistic issues and raw material procurement issues, the overall manufacturing schedule was impacted too. However, the situation improved from the beginning of 2021, and various domestic and international airport modified their sanitation procedure. They are now willing to invest and procure new and advance airport robots, creating immense opportunity in the MEA region.
The MEA airport robots market is segmented into the application and country. Based on application, the MEA airport robots market is segmented into landside/valet parking and terminal. The terminal segment led the MEA 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 MEA 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 UAE, Saudi Arabia, South Africa, and rest of MEA.
ABB Ltd. Avidbots Corp. LG Electronics, SITA, and SoftBank Robotics are among the leading companies in the MEA 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, BCIA, China's busiest airport and the world's second busiest, has entirely automated the whole passenger trip, from check-in and bag drop to immigration, security, and finally boarding, utilizing SITA technology. Passengers must only enroll once during check-in, after which they will have a flawless journey through the airport thanks to facial recognition
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA airport robots market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in MEA airport robots market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the airport robots market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions about the Middle Eastern and African Airport Robots Market
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Report Attribute | Details |
---|---|
No. of Pages | 81 |
Published | August 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 36.11 Million |
Forecasted Market Value ( USD | $ 141.77 Million |
Compound Annual Growth Rate | 21.6% |
Regions Covered | Africa, Middle East |
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Airport Robots Market Landscape
5. MEA Airport Robots Market - Key Market Dynamics
6. Airport Robots Market-MEA Analysis
7. MEA Airport Robots Market Revenue and Forecast to 2028 - By Application
8. MEA Airport Robots Market - Country Analysis
9. MEA Airport Robots Market - COVID-19 Impact Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Avidbots Corp.
- LG Electronics
- SITA
- SoftBank Robotics