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Baggage Check-In Kiosks Sales in Airport Kiosk Market to Exceed US$ 1.6 Bn
As per the recent Fact.MR analysis, the global airport kiosk market is projected to total US$ 4 Bn by the end of 2031. Increasing demand for efficient airport management and growing adoption of smart technology at smart airports is propelling the growth in the Airport Kiosk market.
Demand for airport kiosk is projected to increase at a robust 9% CAGR between 2021 and 2031. Airports across developed regions have been adopting baggage check-in kiosks over the past few years. However, the demand for baggage check-in kiosks burgeoned with the unprecedented outbreak of COVID-19.
Now, airports in suburban areas and in Tier II regions are increasing the adoption of baggage check-in kiosks to reduce the spread of the disease and make the check-ins hassle free. On account of this, demand for baggage check-in kiosks in airport kiosk market is projected to surge at 11% CAGR by 2031.
Further, in order to avoid delays and improve the airport management activities, airports have surged the installation of airport kiosks. Hence, key players are adopting novel technologies such as artificial intelligence (AI) for product development to cater to the growing demand for airport kiosks and increase their revenues.
Also, favourable government support and growing investment, coupled with the growing digitization in the airport infrastructure, especially across India , China , and Japan , will aid the growth in the market.
For instance, according to India Brand Equity Foundation, government in India plans to establish 100 additional airports by the end of 2024. Hence, Airports Authority of India (AAI) will invest US$ 3.58 billion to enhance the airport facilities and improve airport infrastructure.
Regionally, Europe is expected to emerge as the most lucrative pocket, accounting for over 40% of global airport kiosk market. Growth in the region is driven by the growing demand for baggage check-ins, increasing digitization, and high number of airports in the region.
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Leading players are aiming for product development and launch of innovative solutions in order to gain competitive edge in the industry. They are also collaborating with IT industry giants to expand their product portfolio and strengthen their global footprints.
For instance,
Fact.MR provides an unbiased analysis of the airport kiosk market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global airport kiosk market with a detailed segmentation on the basis of:
WiFi kiosks performs a wide range of functions such as bill payments and show directions on map etc. So, with continuous development in various technologies such as touch displays and glass technology usability of the kiosk improves, which is one of the key factors driving the growth of the WiFi kiosks market.
: The rapid development of infrastructure for developing the connectivity between the kiosks and the clients and adoption of self-service kiosks are the key trends in the digital kiosk market.
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