The airport autonomous tractor market is expected to grow at Compound Annual Growth Rate (CAGR) of 15.7% from 2018 to 2026 showing promising growth in the coming years and great potential. The decrease in the fares of airlines has created massive demand for airways towards the travelers. Increasing disposable income and reduction in the trade barriers across borders are further driving the airlines industry at present. Hence, with the increase in demand for air transportation, airlines authorities are investing massively towards bringing automation and advanced infrastructure at the airports. As a result, the demand for tractors for baggage and goods handling are expected to rise during the forecast period. In addition, the rapid adoption of technology such as automation in the airport support vehicles industry is anticipated to drive the global airport autonomous tractor market during the forecast period. Furthermore, increasing competition in the airlines industry towards offering money-worthy services to passengers is estimated to create ample demand for the airport autonomous tractors during the forecast period.
The airport autonomous tractor market has been segmented based on component which is further divided into ultrasonic Sensors, LIDAR, camera, GPS and others. Based on type, the market has been segmented as push back tractor, baggage handling tractors and tow tractors. And based on application, the market is segmented into luggage and freight. Growing numbers of passengers for tours and travel is expected to create demand for airport autonomous tractor by the airport authorities. Baggage segment is further expected to propel at a significant CAGR owing to the increasing numbers of domestic flights flying each day coupled with the construction of new airports across the developing nations. In addition, increasing volumes baggage permit by international airport authorities is expected to create demand for time-saving and hassle-free luggage handling automotive.
The global market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa region. In addition to this, North America region holds the largest market share. The reason may be attributed to the presence of established airlines company coupled with greater numbers of airports and flights. High adoption rates of technology, greater exports and stringent government regulations regarding passenger safety and amenity across USA are the other factors owing to which North America region holds the largest market share. However, increasing numbers of passengers and logistics coupled with massive investment by the developing nations across Asia-Pacific region such as China, India, Vietnam, UAE and others are expected to create significant demand for airport autonomous tractors during the forecast period.
Some of the key players in the global airport autonomous tractor market include Daimler Ag, Israel Aerospace Industries Ltd., Linde Material Handling, NAVYA and TLD.
· Ultrasonic Sensors
· Push Back Tractors
· Baggage Handling Tractors
· Tow Tractors
· North America
o Rest of Europe
· Asia Pacific
o Rest of Asia Pacific
· Middle East and Africa
o South Africa
o Rest of Middle East and Africa
· Latin America
o Rest of Latin America
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