South America Airport Robots Market

Market Introduction

The airport robots market in SAM segmented into Brazil, Argentina, and the Rest of SAM. Despite recent economic crises in countries such as Brazil and Venezuela, the overall business outlook of South American countries is expected to improve in the coming years. The effect of the economic crisis slowed the region's GDP growth; however, with stable plans in place from various governments, as well as initiatives for industrialization and development, South American countries will soon have plenty of trading opportunities. Airport robots are gaining traction in South America as a result of increased air traffic due to surge in tourism and trade. The rapid growth of air traffic in Brazil, as well as in other South American countries, is underlining the need of airport expansion. According to the CAF, proposals are currently underway to manage 3.9 million passengers in Uruguay's airport traffic by 2040. The Uruguay government is investing significantly in the construction of airports, with over 220 projects and a few “greenfield” projects planned for new tracks, new terminals, and capacity upgrades for the platform, flight field, charging terminal, and passenger terminal. These factors are likely to fuel the South American airport robots market during the forecast period. Increase in demand for advanced robots and construction of new airports and exigency for robust airport security are the major factor driving the growth of the SAM airport robots market.

In case of COVID-19, Brazil is the worst impacted country due to the coronavirus outbreak. As of April 2021, the country was still facing significant surge in COVID-19 cases. Apart from Brazil, countries such as Peru, Argentina, Uruguay, and Venezuela were also impacted by the pandemic and are still facing significant impact of the second wave of the pandemic. Countries such as Brazil and Argentina were under lockdown, and some parts of the region are still under lockdown, halting the business operation and manufacturing process. In some parts of the region, there are travelling restrictions, and various airport projects are also delayed. This has led to substantially low demand for various new machines and equipment that are used for operating the airport including robots. Further, manufacturers are also facing challenges in relation to procuring raw material and managing supply chain and logistics.

Market Overview and Dynamics

The SAM airport robots market is expected to grow from US$ 25.42 million in 2021 to US$ 90.02 million by 2028; it is estimated to grow at a CAGR of 19.8% from 2021 to 2028. Developing countries have become a hub of opportunities for various markets, including SAM airport robots market. Government authorities in these countries are planning and investing huge amount in the advancement of technologies to improve the overall infrastructure. Transportation and logistics activities are huge contributors to the development of any country, and therefore, developing countries are extensively focusing on enhancing and improving their transportation and logistics infrastructure, including air, road, and sea transport. Airways is an important mode of transportation; hence, governments of developing countries have planned development and revamping of various mid-size and large airports. Developing countries such as Chile and Argentina are expanding and revamping airports. As a part of expansion and revamping strategy, these airports would also be passing tenders on acquiring technologically advanced equipment including robots for ensuring convenience and providing superior experience to passengers. Hence, the SAM airport robot market players have huge opportunities to offer best-in-class, and highly reliable and cost-efficient robots for such new airport projects.    

Key Market Segments

In terms of application, the terminal segment accounted for the largest share of the SAM airport robots market in 2020. In terms of terminal, the airport security and cleaning segment held a larger market share of the SAM 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 SAM 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., LG Electronics, SITA, and SoftBank Robotics.

Reasons to buy report

• To understand the SAM 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 SAM airport robots market
• Efficiently plan M&A and partnership deals in SAM 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 SAM airport robots market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Airport Robots Market Segmentation

SAM Airport Robots Market - By Application

• Landside/Valet Parking
• Terminal
  • Airport Security and Cleaning
  • Boarding Pass Scanning
  • Airport Baggage System
  • Passenger Guidance

SAM Airport Robots Market - By Country

• Brazil 
• Rest of SAM      

SAM Airport Robots Market - Company Profiles

• ABB Ltd.
• Avidbots Corp.
• LG Electronics
• SITA
• SoftBank Robotics

South America Airport Robots Market Strategic Insights

South America Airport Robots Market Segmentation Analysis

South America Airport Robots Market Report Highlights

South America Airport Robots Report Scope

South America Airport Robots Market Country and Regional Insights