Europe Airport Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Landside/Valet Parking and Terminal)
Market Introduction
The demand for air travel in European companies is steadily increasing owing to surge in business and leisure travel. To meet the growing demand, both full-service and low-cost carriers are gradually launching flights to newer routes. In 2017, the “no frills” business model assisted many European economies in generating healthy revenues from their respective aviation industries. Increased passenger counts in the same year benefited the UK and Russian economies mainly. According to the Airports Council International (ACI) Europe, during 2019–2040, the region's aviation industry is projected to expand by more than 53% in terms of flight movements. This projected rise in fleet size in the area is expected to pique airport authorities' interest in investing significant sums in the modernization of existing airports. Moreover, a number of European countries are capitalizing on the building of newer airports to manage the increasing passenger traffic. In July 2019, Poland Airport Authorities announced the development of a new airport for better connectivity with the west. Similarly, Václav Havel Airport in the Czech Republic is scheduled to spend US$ 1.09 billion on the expansion of Terminal 2 and the building of a new runway parallel to the terminal. 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.
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.
Get more information on this report :
Market Overview and Dynamics
The Europe airport robots market is expected to grow from US$ 124.48 million in 2021 to US$ 477.23 million by 2028; it is estimated to grow at a CAGR of 21.2% from 2021 to 2028. Entire region is facing the COVID-19 pandemic crisis. The disease spreads primarily through droplets or microdroplets released by infected person via coughing, sneezing, of talking. Thus, sanitation, therefore, has become paramount importance at ports. With the gradual opening of economies and relaxation of travelling restrictions, airport authorities have accepted an additional responsibility of keeping the airports sanitized and clean for ensuring passenger safety and security. This has underlined the need of effective and comprehensive cleaning. As a result, airport authorities are investing significantly in cleanliness and sanitation. In late 2020, several countries across Europe region prepared a strategy for implementing multilayered cleaning processes to enhance the health and safety of travelers; the authority deployed autonomous cleaning robots that use ultraviolet (UV) light to kill microbes. So, the upgraded sanitation programs and procedures at airports across region is expected to fuel the Europe airport robots market in coming years.
Key Market Segments
In terms of application, the terminal segment accounted for the largest share of the Europe airport robots market in 2020. In terms of terminal, the airport security and cleaning segment held a larger market share of the Europe airport robots market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe airport robots market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB Ltd.; Avidbots Corp.; CYBERDYNE INC.; ECA Group; LG Electronics; SITA; SoftBank Robotics; Stanley Robotics SAS; UVD ROBOTS; and YUJIN ROBOT Co., Ltd.
Reasons to buy report
- To understand the Europe airport robots market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe airport robots market
- Efficiently plan M&A and partnership deals in Europe airport robots market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe airport robots market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Airport Robots Market Segmentation
Europe Airport Robots Market - By Application
- Landside/Valet Parking
- Terminal
- Airport Security and Cleaning
- Boarding Pass Scanning
- Airport Baggage System
- Passenger Guidance
Europe Airport Robots Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Airport Robots Market - Company Profiles
- ABB Ltd.
- Avidbots Corp.
- CYBERDYNE INC.
- ECA Group
- LG Electronics
- SITA
- SoftBank Robotics
- Stanley Robotics SAS
- UVD ROBOTS
- YUJIN ROBOT Co., Ltd.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Airport Robots Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Airport Robots Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Construction of New Airports and Exigency for Robust Airport Security
5.1.2 Growing Demand for Advanced Robots
5.2 Key Market Restraints
5.2.1 High Cost Associated with Procuring and Maintaining Advanced Robots
5.3 Key Market Opportunities
5.3.1 Escalating Growth Potential in Developing Countries
5.4 Future Trends
5.4.1 Upgraded Sanitation Programs and Procedures at Airports
5.5 Impact Analysis of Drivers and Restraints
6. Airport Robots Market–Europe Analysis
6.1 Europe Airport Robots Market Overview
6.2 Europe Airport Robots Market Revenue Forecast and Analysis
7. Europe Airport Robots Market Revenue and Forecast to 2028 – By Application
7.1 Overview
7.2 Europe Airport Robots Market, By Application (2020 And 2028)
7.3 Landside/Valet Parking
7.3.1 Overview
7.3.2 Landside/Valet Parking: Airport Robots Market Revenue and Forecast to 2028 (US$ Million)
7.4 Terminal
7.4.1 Overview
7.4.2 Terminal: Airport Robots Market Revenue and Forecast to 2028 (US$ Million)
7.4.3 Airport Security and Cleaning
7.4.3.1 Overview
7.4.3.2 Airport Security and Cleaning: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
7.4.4 Boarding Pass Scanning
7.4.4.1 Overview
7.4.4.2 Boarding Pass Scanning: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
7.4.5 Airport Baggage System
7.4.5.1 Overview
7.4.5.2 Airport Baggage System: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
7.4.6 Passenger Guidance
7.4.6.1 Overview
7.4.6.2 Passenger Guidance: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Airport Robots Market – Country Analysis
8.1 Overview
8.1.1 Europe: Airport Robots Market, by Key Country
8.1.1.1 France: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.1.1 France: Airport Robots Market, by Application
8.1.1.1.2 France: Airport Robots Market, by Terminal
8.1.1.2 Germany: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 Germany: Airport Robots Market, by Application
8.1.1.2.2 Germany: Airport Robots Market, by Terminal
8.1.1.3 Italy: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.3.1 Italy: Airport Robots Market, by Application
8.1.1.3.2 Italy: Airport Robots Market, by Terminal
8.1.1.4 UK: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.4.1 UK: Airport Robots Market, by Application
8.1.1.4.2 UK: Airport Robots Market, by Terminal
8.1.1.5 Russia: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.5.1 Russia: Airport Robots Market, by Application
8.1.1.5.2 Russia: Airport Robots Market, by Terminal
8.1.1.6 Rest of Europe: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.6.1 Rest of Europe: Airport Robots Market, by Application
8.1.1.6.2 Rest of Europe: Airport Robots Market, by Terminal
9. Europe Airport Robots Market - COVID-19 Impact Analysis
9.1 Europe
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 YUJIN ROBOT Co., Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Avidbots Corp.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 CYBERDYNE INC.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 SoftBank Robotics
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Stanley Robotics SAS
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SITA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 ABB Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 ECA Group
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 LG Electronics
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 UVD ROBOTS
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Airport Robots Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Airport Robots Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Airport Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Airport Robots Market, by Terminal – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Airport Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Airport Robots Market, by Terminal – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Airport Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Airport Robots Market, by Terminal – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Airport Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Airport Robots Market, by Terminal – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Airport Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia: Airport Robots Market, by Terminal – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Airport Robots Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe: Airport Robots Market, by Terminal – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Airport Robots Market Segmentation
Figure 2. Europe Airport Robots Market Segmentation – By Country
Figure 3. Europe Airport Robots Market Overview
Figure 4. Europe Airport Robots Market, by Application
Figure 5. Europe Airport Robots Market, By Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Europe Airport Robots Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Airport Robots Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Airport Robots Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Airport Robots Market, by Application (2020 and 2028)
Figure 12. Europe Landside/Valet Parking: Airport Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Terminal: Airport Robots Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Airport Security and Cleaning: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Boarding Pass Scanning: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Airport Baggage System: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Passenger Guidance: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe: Airport Robots Market, by Key Country – Revenue (2020) (USD Million)
Figure 19. Europe: Airport Robots Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. France: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Germany: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Italy: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. UK: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Russia: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Europe: Airport Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Europe Country Markets
- ABB Ltd.
- Avidbots Corp.
- CYBERDYNE INC.
- ECA Group
- LG Electronics
- SITA
- SoftBank Robotics
- Stanley Robotics SAS
- UVD ROBOTS
- YUJIN ROBOT Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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