Press release
Airport Kiosks Market - Rising Demand from Common-use Self-services Segment to Fuel Installation of Check-in Kiosks
The demand for efficiently managing airline activities has spurred the installation of airport kiosks worldwide. The growing inclination toward self-service solutions to help passengers avoid delays is leading to a conspicuous increase in the installed base of airport kiosks worldwide. Airport kiosks are inbuilt with high-tech features that perform crucial tasks for airline passengers thus enabling them avoid standing in long queues. Kiosks provide effective solutions to expedite passenger activities such as check-in, passenger clearance, and baggage clearance.
Despite witnessing promising opportunities, the advent of mobile technologies providing similar convenience to airline passengers will limit the sales of airport kiosks to an extent. Nevertheless, as per Transparency Market Research (TMR) the market is expected to gain momentum in the near future with the rising privatization of airports.
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Spurred by these factors, the global airport kiosks market is expected to report a CAGR of 16.1% between 2015 and 2022. TMR forecasts the market to reach US$815.1 mn by the end of 2022. The global airport kiosks market stood at US$248.7 mn in 2014.
Rising Demand from Common-use Self-services Segment to Fuel Installation of Check-in Kiosks
Among the various application segments, common-use self-service (CUSS) held the largest share in the global airport kiosks market. This rising installation of check-in kiosks across airports is aided by the increasing demand from the common-use-self-service segment. These kiosks provide check-in services to airline commuters in the absence of ground staff. CUSS kiosks also guide them through the process of purchasing goods or services. According to TMR, the CUSS segment is expected to rise at a CAGR of 16.5% from 2015 to 2022.
The automated passport control (APC) segment is also exhibiting remarkable growth due to the surging demand for border management solutions. Once installed, these kiosks allow the entry of only authorized passengers into the passport control area. The rising incidence of terror attacks has been boosting the deployment of APC kiosks in airports around the world. Currently, North America is exhibiting rising deployment of APC kiosks across its airports. Besides this, TMR expects the baggage check-in segment to demonstrate considerable growth through the course of the forecast period.
Uptick in Tourist Arrivals Makes North America Most Lucrative Market for Airport Kiosks
North America emerged as the largest regional market for airport kiosks with a share of 37% in 2014. The region will exhibit increasing demand for airport kiosks and thus maintain its lead through the forecast period. Presently, the U.S., Canada, and Mexico demonstrate the highest demand for airport kiosks in North America. The steadily rising tourist arrivals is a primary factor fuelling demand from the North America airport kiosks market. According to TMR, the airport kiosks market in North America is expected to reach US$296.7 mn by the end of 2022.
The market is also expected to witness lucrative opportunities in Europe and Asia Pacific. The rising airport activities will boost the deployment of airport kiosks across Europe. In Asia Pacific, the market will gain impetus from the rising spending on airport construction in the region. The soaring airline passenger traffic has compelled governments in Asia Pacific to focus on airport construction and modernization, which subsequently has augmented the demand for airport kiosks. Additionally, rising investments in airport IT will likely bolster the market’s prospects in the Middle East and Africa.
Some of the leading companies operating in the global airport kiosks market include NCR Corporation, Toshiba Tec Corporation, Rockwell Collins Inc., Fujitsu Ltd., Embross Group, MedinyX Corporation, and Société Internationale de Télécommunications Aéronautiques.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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