Market Share of Airport Robots Industry
The airport robot market is semi-consolidated, with a handful of players controlling the market. LG Electronics Inc., Stanley Robotics, SITA, CYBERDYNE Inc., and OMRON Corporation are the leading players in the market. The companies have been engaged in various initiatives and product innovations, which led them to strengthen their presence in the market. For instance, in August 2022, Vistara (TATA SIA Airlines Limited) created an Artificial intelligence (AI) robot, “RADA,” to interact with passengers. RADA has effective features like a boarding pass scan, providing information about the terminal, weather conditions of the destination city, real-time flight status, and departure gates.
Similarly, in June 2023, ADR Ventures, the new Corporate Venture Capital arm of Aeroporti di Roma (ADR), a Corporate Partner of the FTE Digital, Innovation & Business Hub, announced its first venture investment in Ottonomy. This deep tech business provides contactless deliveries with completely autonomous robots. Following a successful proof of concept (PoC) in the Innovation Hub at Rome Fiumicino Airport during the accelerator program, the autonomous delivery project became part of ADR's long-term strategy aimed at maintaining the highest levels of service and enhancing passengers' experiences through the use of cutting-edge technology and innovation.
Airport Robots Market Leaders
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LG Electronics Inc.
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Stanley Robotics
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CYBERDYNE Inc.
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SITA
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OMRON Corporation
*Disclaimer: Major Players sorted in no particular order
