Research Nester published a report titled “Airport Kiosk Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the airport kiosks in terms of market segmentation by component, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The trend among airports to implement self-service options has increased in popularity as they speed up airport operations and improve passenger experience. For passengers, it is usually quicker as they do not need to wait longer in lines at the airport. For instance, major airports around the world saw average wait time drop to nearly 30% in the last decade due to increasing kiosk services. These factors are driving the growth of the global airport kiosk market, which is estimated to garner significant revenue by growing at a CAGR of ~11% over the forecast period, i.e., 2022 – 2031.
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The market is segmented by application into information, common-use self-service (CUSS), ticketing, automated passport control, and others, out of which, the CUSS kiosk segment is anticipated to hold the largest share of the market on account of its services that enable passengers to obtain boarding passes, check baggage and conduct other transactions. As of 2021, over 85% of the airports worldwide had check-in kiosk services. Additionally, automated passport control segment is expected to show significant growth over the forecast period.
Regionally, the global airport kiosk market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America region holds the largest share on the back of high passenger traffic and is estimated to witness modest growth over the forecast period, with the U.S. having over 80% of the regional market share.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Air Passenger Traffic to Boost Market Growth
Across the globe, there has been exponential growth in air travel with number of daily passengers increasing in hundreds each day. This brings high demand for efficient airport management. According to International Air Transport Association (IATA), there used to be approximately 4.3 billion air passengers travelling every day, as of 2019. With rising airport constructions, there may be a significant growth of air passenger traffic, which will the demand for self-service solutions further. These factors are expected to drive the growth of global airport kiosk market over the forecast period.
However, these systems are vulnerable in terms of security which can give easy authentication and authorization, and are prone to cyber-attacks. These may operate as key restraints for the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the global airport kiosk market which includes company profiling of Fujitsu, Embross, Diebold Nixdorf, Incorporated, Toshiba Tec Corporation, Collins Aerospace, NCR Corporation, Bolloré Group, SITA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global airport kiosk market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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According to new Fact.MR study, the global market for airport kiosk is expected to grow at value CAGR of 12.7% and volume CAGR of 11.4% by the end of the assessment period.
Across the globe, increase in demand for more efficient management of airport activities has led to a significant rise in installation of airport kiosks and this increased demand is further expected to drive the airport kiosk market during the forecast period.In order to avoid delays, increased tendency of consumers towards self-service solutions at airports is an important factor to increase the demand for airport kiosk, worldwide.
Owing to such trends, investments in self-service technologies will continue to witness a surge, with adoption spreading to Tier II and suburban centers.
According to Fact.MR’s latest study, Self-service technologies including airport kiosk, have led to reduced waiting times and faster processing, which has helped airport authorities in providing a superior experience to consumers.
Owing to the increased demand for border management solutions, the automated passport control airport kiosk is anticipated to show considerable growth during the forecast period.
While considering North America, high penetration of technology, coupled with a strong push by the public and private sector has meant that many airports are equipped with high-tech kiosks.
According to new Fact.MR study, the global market for airport kiosk is expected to grow at value CAGR of 12.7% and volume CAGR of 11.4% by the end of the assessment period.
Across the globe, increase in demand for more efficient management of airport activities has led to a significant rise in installation of airport kiosks and this increased demand is further expected to drive the airport kiosk market during the forecast period.In order to avoid delays, increased tendency of consumers towards self-service solutions at airports is an important factor to increase the demand for airport kiosk, worldwide.
Owing to such trends, investments in self-service technologies will continue to witness a surge, with adoption spreading to Tier II and suburban centers.
According to Fact.MR’s latest study, Self-service technologies including airport kiosk, have led to reduced waiting times and faster processing, which has helped airport authorities in providing a superior experience to consumers.
Although these technologies are at a nascent stage, it is expected that investments in these technologies will witness a surge in the near future.Baggage Check-in and Automated Passport Control Kiosks to Dominate the Airport Kiosk MarketAmong all the airport kiosk used at airport, the baggage check-in kiosks are found in every airport across the globe and is expected to witness the highest investment during the forecast period.
Baggage check-in airport kiosks were adopted by airport authorities a long time ago, and their adoption is now spreading to Tier II and suburban areas.
According to new Fact.MR study, the global market for airport kiosk is expected to grow at value CAGR of 12.7% and volume CAGR of 11.4% by the end of the assessment period.
Over the forecast period, the market is expected to reach a market size of ~ USD 5.2 Bn by the end of 2029 from an estimated USD 1.5 Bn in 2019.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Airport Kiosk market.
2014 is considered as the base year and 2029 as the estimation year.To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North AmericaLatin AmericaEuropeJapanAPEJMEAThe detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
