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Airport Automation Market to Reach $19.6 Billion, Globally, by 2032 at 6.4% CAGR: Allied Market ResearchGrowth of the global airport automation market is driven by factors such as rise in passenger traffic and demand for efficiency, enhanced security requirements and regulatory compliance, capacity expansion and new airport construction, and globalization of air travel. PORTLAND, Ore., Feb. 7, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Airport Automation Market by System (Data Acquisition and Communication, Automation and Control, Data Storage, and Software and Solution), Application (Baggage Handling and Tracking, Ground Transportation and Parking, Retail and Dinning, Facility Management, Passenger Service and Assistance, Emergency Response and Safety, Ground Support Equipment, Air Traffic Management, Airfield Management, and Others), Airport Side (Land Side and Air Side), End Market (Greenfield and Brownfield), and Automation Level (Level 1.0, Level 2.0, Level 3.0, and Level 4.0): Global Opportunity Analysis and Industry Forecast, 2023–2032. 
According to the report, the global airport automation market size generated $10.8 billion in 2022 and is anticipated to generate $19.6 billion by 2032, witnessing a CAGR of 6.4% from 2023 to 2032. Prime Determinants of Growth Continued growth in both, international and domestic air travel is the primary driver for the airport automation market growth. Airports work to streamline procedures to effectively manage increased traffic. Furthermore, continuous technological developments, such as those in artificial intelligence, machine learning, and the Internet of Things (IoT) support the creation of advanced and effective airport automation systems. (We are providing airport automation industry report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Russia-Ukraine War Impact Analysis)
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The automation and control segment to maintain its leadership status during the forecast period. On the basis of system, the automation and control segment held the highest market share in 2022, accounting for nearly one-fifth of the global airport automation market revenue, and is estimated to maintain its leadership status during the forecast period, due its vital role in streamlining and improving a number of airport procedures, including air traffic control, luggage management, and security screening, which improves operational effectiveness and customer experience. However, the data storage segment is projected to attain the highest CAGR of 9.3% from 2023 to 2032, owing to their automation systems producing increased amount of data, such as operational metrics, security data, and passenger information, which calls for reliable storage options for efficient analysis, compliance, and decision-making. The Baggage Handling and Tracking segment to maintain its leadership status during the forecast period. On the basis of application, the baggage handling and tracking segment held the highest market share in 2022, accounting for nearly one-fifth of the global airport automation market revenue, and is estimated to maintain its leadership status during the forecast period owing to its vital role in automating the sorting, tracking, and delivery of luggage throughout the airport trip, improving operational efficiency, decreasing errors, and increasing customer pleasure. Moreover, the retail and dinning segment is projected to attain the highest CAGR of 14.0% from 2023 to 2032, driven by the growing need for automated solutions, such smartphone apps and self-service kiosks, which offers travelers easy, frictionless ways to eat, buy, and place orders inside airport terminals. Recent Advancements in Airport Automation:
Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/A312078 The Land Side segment to maintain its lead position during the forecast period On the basis of airport side, the land side segment accounted for the largest share in 2022, accounting for more than half of the global airport automation market revenue, and is estimated to maintain its leadership status during the forecast period as there is rise in focus on boosting entire airport services prior to passengers entering the secure airside area, as well as operational efficiency in areas like check-in, baggage drops, and ground transportation. Moreover, the air side segment is projected to attain the highest CAGR of 7.5% from 2023 to 2032, due to the growing uptake of cutting-edge technologies such as intelligent apron management, automated aircraft boarding, and enhanced air traffic control systems, which enhance productivity and safety on the airside of airports. The Greenfield segment to maintain its lead position during the forecast period On the basis of end market, the greenfield segment accounted for the largest share in 2022, accounting for more than three-fifths of the global airport automation market revenue and is estimated to maintain its leadership status during the forecast period. Moreover, the brownfield segment is projected to attain the highest CAGR of 8.0% from 2023 to 2032, owing to rise in need to modernize current airports with cutting-edge automated technologies to improve passenger experience, efficiency, and adherence to changing industry standards. The Level 3.0 segment to maintain its lead position during the forecast period On the basis of automation level, the level 3.0 segment accounted for the largest share in 2022, accounting for nearly one-third of the global airport automation market revenue and is estimated to maintain its leadership status during the forecast period owing to rise in emphasis on a higher degree of collaboration between humans and machines. While automation handles routine tasks, human operators remain actively involved in monitoring, decision-making, and taking control when necessary. Moreover, the level 4.0 segment is projected to attain the highest CAGR of 8.7% from 2023 to 2032, as automated systems could be programmed to follow safety protocols to the letter, which could help to reduce the risk of accidents. Asia-Pacific to maintain its dominance by 2032 Region-wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting more than one-third of the airport automation market revenue and is expected to dominate the market during the forecast period, due to the region's strong economic growth, rise in demand for air travel, significant infrastructure investments, and proactive adoption of cutting-edge technologies. However, the Asia-Pacific region is expected to witness the fastest CAGR of 8.0% from 2023 to 2032, as adoption of advanced automation technology in the region is driven by factors such as fast urbanization, economic expansion, increased demand for air travel, and significant investments in renovating airport infrastructure. Key Highlights of the Airport Automation Industry Report:
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The report provides a detailed analysis of these key players of the global airport automation market. These players have adopted various strategies such as contracts, agreements, partnerships, expansion, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player. Similar Reports We Have on Airport Industry: Green Airport Market Research Report 2023-2032 Smart Airport Market Research Report 2023-2032 Airport Operations Market Research Report 2023-2032 Airport Robots Market Research Report 2023-2032 Smart Airport 4.0 Market Research Report 2023-2032 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center Logo - https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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