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. 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 Baggage Check-in Airport Kiosk Market during the forecast period.
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Development of Next-generation Airport Kiosk to Increase Vulnerability to Cyber Attacks
Although the inclusion of technology is expected to speed up operations and offer excellent experiences to consumers at airport, the vulnerability of these systems to cyber-attacks is also anticipated to increase. In order to prevent a cyber-attack, airport authorities need to spend massively on safeguards. Considering the sensitive nature of the industry to cyber terrorism, it is expected that regulations on the safe use of technology will become stringent during the forecast period and this will further boost the growth of the airport kiosk market. Owing to the presence of players operating in the airport kiosk market across the globe, the global airport kiosk market is a moderately fragmented one.
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. In addition to self-service check-in airport kiosk, airport authorities are now focusing their attention towards self-bag tagging and drop off collection. Although these technologies are at a nascent stage, it is expected that investments in these technologies will witness a surge in the near future.
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Key Segments of the Baggage Check-in Airport Kiosk Market
Fact.MR’s study on the Baggage Check-in Airport Kiosk Market offers information divided into two important segments— by product and region. This report provides important data and information about the market dynamics and growth parameters associated with these categories.
Check in Kiosk
|Automated Passport Control KiosksBaggage Check-inInformation KiosksTicketing KiosksInternet KiosksOthers|
|Region||North AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMEA|
North America and Europe to Dominate the Baggage Check-in Airport Kiosk Market
The Baggage Check-in Airport Kiosk Market is analyzed across multiple regions, which include North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania. Across the globe, North America and Europe are most prominent markets for airport kiosk. Both the regions together hold more than 50% share of the total Baggage Check-in Airport Kiosk Market, across the globe. 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. The relatively high number of airports in the US have also been opportunity creators for kiosk market players.
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From a technology and investment perspective during the forecast period, the North American market will continue to be one of the most prominent regions for the airport kiosk vendors and stakeholders across the globe. On other hand, with increased investments on infrastructure in Europe, Europe’s airports have undergone a significant transformation in the past decade. As aviation security receives marginal funding from the state, the responsibility has fallen on private investors to invest in security features, and they have responded well. Investment in modern features, such as upgrades to all aspects of airport infrastructure have been occurring at a significant pace. These factors have had a positive impact on the Baggage Check-in Airport Kiosk Market in Europe and is further expected to drive the Baggage Check-in Airport Kiosk Market.
Key Questions Answered in Fact.MR’s Market Report
- How will changing trends impact the global airport kiosk market during the forecast period?
- Which region holds the maximum share in the global airport kiosk market in upcoming years?
- Which companies are leading the airport kiosk market?
- How the overall competition in the airport kiosk market is continuously increasing?
- What will be the growth rate of airport kiosk market in different regions across the globe?
- Which factors will induce a change in the demand for airport kiosk market during the assessment period?
- How can market players catch the upcoming opportunities in the global airport kiosk market?
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