The passenger processing self-service technology market size has grown rapidly in recent years. It will grow from $1.06 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth observed during the historic period can be attributed to several factors, including increasing passenger volumes and air travel demand, the need for efficiency and cost reduction in airport operations, efforts to enhance passenger experience and satisfaction, streamlining of check-in, baggage drop, and boarding processes, reduction of wait times and congestion in terminals, improvement in security measures and compliance with regulations, and the growing adoption of self-service solutions by airports and airlines.
The passenger processing self-service technology market size is expected to see rapid growth in the next few years. It will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The anticipated growth in the forecast period can be attributed to several factors, including the expansion of self-service technology to include biometric authentication, integration of mobile and contactless solutions for a seamless passenger experience, the demand for personalized and customizable travel experiences, adoption of self-service kiosks for ancillary services and upselling, and a focus on sustainability and reducing environmental impact. Major trends expected in the forecast period include the adoption of biometric authentication, expansion of self-service kiosks, integration of mobile apps, growth in demand for contactless solutions, development of facial recognition technology, adoption of artificial intelligence, increasing use for immigration clearance, and technology innovation.
The swift expansion of air travel is poised to drive the passenger processing self-service technology market in the foreseeable future. Air travel entails the use of various aircraft, including airplanes, helicopters, hot air balloons, blimps, gliders, hang gliders, parachutes, and other vehicles capable of sustained flight. This growth is fueled by factors such as economic progress, globalization, advancements in aviation technology, and shifts in consumer preferences. Passenger processing self-service technology optimizes air travel by enabling passengers to independently check in, board, and manage their journey, thereby enhancing efficiency and reducing wait times. For example, in February 2023, the International Civil Aviation Organization reported that the number of air passengers carried in 2022 surged by an estimated 47% compared to 2021, with revenue passenger kilometers (RPKs) increasing by around 70% over the same period. Consequently, the rapid expansion of air travel propels the passenger processing self-service technology market.
Prominent companies in the passenger processing self-service technology market are concentrating on developing cutting-edge solutions, such as biometric authentication systems such as facial recognition and fingerprint scanning, to gain a competitive advantage. Biometric authentication, encompassing facial recognition and fingerprint scanning, enhances passenger processing self-service technology, ensuring secure and efficient travel experiences. For instance, in March 2023, AeroCloud, a UK-based software firm, introduced AeroCloud Optic. This innovative solution utilizes computer vision technology to intelligently, anonymously, and precisely track passengers' movements throughout an airport. By adopting this advanced approach, airports can comprehensively monitor passengers' journeys from curbside to boarding gates, effectively addressing a longstanding industry challenge while safeguarding privacy. These advancements represent a shift toward more efficient, secure, and convenient passenger processing methods, aligning with the industry's objective of optimizing operations while prioritizing traveler satisfaction.
In August 2022, AeroCloud, a UK-based company specializing in modular, scalable, intelligent airport operations software leveraging cutting-edge technology, merged with Flight Solutions Ltd. for an undisclosed sum. The merger aims to deliver a comprehensive solution for airport data and passenger journey needs, offering a unified platform for operational leaders to centralize airport data, automate tasks, predict passenger flow, and enhance operational efficiency. Flight Solutions Ltd. is a UK-based company specializing in passenger processing solutions that focus on harnessing new and emerging technology to enhance passenger experiences, streamline the passenger journey, and improve operational efficiencies.
Major companies operating in the passenger processing self-service technology market are Raytheon Collins Corp., RTX Corporation LLC, Fujitsu Corp., NCR Voyix Corporation LLC, Amadeus Corp., Daifuku Inc., IDEMIA Corp., Glory Ltd., BEUMER Group LLC, SITA Inc., TAV Technologies Inc., Access-IS Corp., IER LLC, Materna IPS LLC, DERMALOG Corp., Embross Inc., HESS Cash Systems GmbH & Co. Corp., Parabit Systems Inc., Atrax LLC, Elenium Automation LLC, Olea Kiosks Inc., CCM Airports Inc.
North America was the largest region in the passenger processing self-service technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the passenger processing self-service technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the passenger processing self-service technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Passenger processing self-service technology refers to automated systems and technologies deployed within transportation hubs such as airports, train stations, and bus terminals, enabling passengers to manage various aspects of their journey independently without requiring human assistance. This technology aims to streamline the passenger experience, reduce waiting times, enhance efficiency, and improve customer satisfaction while also lowering operational costs for transportation providers.
The primary types of passenger processing self-service technology include self-service check-in, self-service bag drop, automated border control, and others. Self-service check-in allows passengers to independently check in for their flights using automated systems and technologies implemented by airlines and airports, eliminating the need for assistance from airline staff. These systems comprise hardware, software, and services and find applications across airports, airlines, and other relevant sectors.
The passenger processing self-service technology market research report is one of a series of new reports that provides passenger processing self-service technology market statistics, including passenger processing self-service technology industry global market size, regional shares, competitors with a passenger processing self-service technology market share, detailed passenger processing self-service technology market segments, market trends and opportunities, and any further data you may need to thrive in the passenger processing self-service technology industry. This passenger processing self-service technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The passenger processing self-service technology market consists of revenues earned by entities by offering biometric identification systems, boarding gate automation mobile apps, and virtual customer service agents. The market value includes the value of related goods sold by the service provider or included within the service offering. The passenger processing self-service technology market also includes sales of products such as automated passport control systems, boarding pass scanners, and radio frequency identification (RFID) baggage tracking systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The passenger processing self-service technology market size is expected to see rapid growth in the next few years. It will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The anticipated growth in the forecast period can be attributed to several factors, including the expansion of self-service technology to include biometric authentication, integration of mobile and contactless solutions for a seamless passenger experience, the demand for personalized and customizable travel experiences, adoption of self-service kiosks for ancillary services and upselling, and a focus on sustainability and reducing environmental impact. Major trends expected in the forecast period include the adoption of biometric authentication, expansion of self-service kiosks, integration of mobile apps, growth in demand for contactless solutions, development of facial recognition technology, adoption of artificial intelligence, increasing use for immigration clearance, and technology innovation.
The swift expansion of air travel is poised to drive the passenger processing self-service technology market in the foreseeable future. Air travel entails the use of various aircraft, including airplanes, helicopters, hot air balloons, blimps, gliders, hang gliders, parachutes, and other vehicles capable of sustained flight. This growth is fueled by factors such as economic progress, globalization, advancements in aviation technology, and shifts in consumer preferences. Passenger processing self-service technology optimizes air travel by enabling passengers to independently check in, board, and manage their journey, thereby enhancing efficiency and reducing wait times. For example, in February 2023, the International Civil Aviation Organization reported that the number of air passengers carried in 2022 surged by an estimated 47% compared to 2021, with revenue passenger kilometers (RPKs) increasing by around 70% over the same period. Consequently, the rapid expansion of air travel propels the passenger processing self-service technology market.
Prominent companies in the passenger processing self-service technology market are concentrating on developing cutting-edge solutions, such as biometric authentication systems such as facial recognition and fingerprint scanning, to gain a competitive advantage. Biometric authentication, encompassing facial recognition and fingerprint scanning, enhances passenger processing self-service technology, ensuring secure and efficient travel experiences. For instance, in March 2023, AeroCloud, a UK-based software firm, introduced AeroCloud Optic. This innovative solution utilizes computer vision technology to intelligently, anonymously, and precisely track passengers' movements throughout an airport. By adopting this advanced approach, airports can comprehensively monitor passengers' journeys from curbside to boarding gates, effectively addressing a longstanding industry challenge while safeguarding privacy. These advancements represent a shift toward more efficient, secure, and convenient passenger processing methods, aligning with the industry's objective of optimizing operations while prioritizing traveler satisfaction.
In August 2022, AeroCloud, a UK-based company specializing in modular, scalable, intelligent airport operations software leveraging cutting-edge technology, merged with Flight Solutions Ltd. for an undisclosed sum. The merger aims to deliver a comprehensive solution for airport data and passenger journey needs, offering a unified platform for operational leaders to centralize airport data, automate tasks, predict passenger flow, and enhance operational efficiency. Flight Solutions Ltd. is a UK-based company specializing in passenger processing solutions that focus on harnessing new and emerging technology to enhance passenger experiences, streamline the passenger journey, and improve operational efficiencies.
Major companies operating in the passenger processing self-service technology market are Raytheon Collins Corp., RTX Corporation LLC, Fujitsu Corp., NCR Voyix Corporation LLC, Amadeus Corp., Daifuku Inc., IDEMIA Corp., Glory Ltd., BEUMER Group LLC, SITA Inc., TAV Technologies Inc., Access-IS Corp., IER LLC, Materna IPS LLC, DERMALOG Corp., Embross Inc., HESS Cash Systems GmbH & Co. Corp., Parabit Systems Inc., Atrax LLC, Elenium Automation LLC, Olea Kiosks Inc., CCM Airports Inc.
North America was the largest region in the passenger processing self-service technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the passenger processing self-service technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the passenger processing self-service technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Passenger processing self-service technology refers to automated systems and technologies deployed within transportation hubs such as airports, train stations, and bus terminals, enabling passengers to manage various aspects of their journey independently without requiring human assistance. This technology aims to streamline the passenger experience, reduce waiting times, enhance efficiency, and improve customer satisfaction while also lowering operational costs for transportation providers.
The primary types of passenger processing self-service technology include self-service check-in, self-service bag drop, automated border control, and others. Self-service check-in allows passengers to independently check in for their flights using automated systems and technologies implemented by airlines and airports, eliminating the need for assistance from airline staff. These systems comprise hardware, software, and services and find applications across airports, airlines, and other relevant sectors.
The passenger processing self-service technology market research report is one of a series of new reports that provides passenger processing self-service technology market statistics, including passenger processing self-service technology industry global market size, regional shares, competitors with a passenger processing self-service technology market share, detailed passenger processing self-service technology market segments, market trends and opportunities, and any further data you may need to thrive in the passenger processing self-service technology industry. This passenger processing self-service technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The passenger processing self-service technology market consists of revenues earned by entities by offering biometric identification systems, boarding gate automation mobile apps, and virtual customer service agents. The market value includes the value of related goods sold by the service provider or included within the service offering. The passenger processing self-service technology market also includes sales of products such as automated passport control systems, boarding pass scanners, and radio frequency identification (RFID) baggage tracking systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Passenger Processing Self-Service Technology Market Characteristics3. Passenger Processing Self-Service Technology Market Trends and Strategies32. Global Passenger Processing Self-Service Technology Market Competitive Benchmarking33. Global Passenger Processing Self-Service Technology Market Competitive Dashboard34. Key Mergers and Acquisitions in the Passenger Processing Self-Service Technology Market
4. Passenger Processing Self-Service Technology Market - Macro Economic Scenario
5. Global Passenger Processing Self-Service Technology Market Size and Growth
6. Passenger Processing Self-Service Technology Market Segmentation
7. Passenger Processing Self-Service Technology Market Regional and Country Analysis
8. Asia-Pacific Passenger Processing Self-Service Technology Market
9. China Passenger Processing Self-Service Technology Market
10. India Passenger Processing Self-Service Technology Market
11. Japan Passenger Processing Self-Service Technology Market
12. Australia Passenger Processing Self-Service Technology Market
13. Indonesia Passenger Processing Self-Service Technology Market
14. South Korea Passenger Processing Self-Service Technology Market
15. Western Europe Passenger Processing Self-Service Technology Market
16. UK Passenger Processing Self-Service Technology Market
17. Germany Passenger Processing Self-Service Technology Market
18. France Passenger Processing Self-Service Technology Market
19. Italy Passenger Processing Self-Service Technology Market
20. Spain Passenger Processing Self-Service Technology Market
21. Eastern Europe Passenger Processing Self-Service Technology Market
22. Russia Passenger Processing Self-Service Technology Market
23. North America Passenger Processing Self-Service Technology Market
24. USA Passenger Processing Self-Service Technology Market
25. Canada Passenger Processing Self-Service Technology Market
26. South America Passenger Processing Self-Service Technology Market
27. Brazil Passenger Processing Self-Service Technology Market
28. Middle East Passenger Processing Self-Service Technology Market
29. Africa Passenger Processing Self-Service Technology Market
30. Passenger Processing Self-Service Technology Market Competitive Landscape and Company Profiles
31. Passenger Processing Self-Service Technology Market Other Major and Innovative Companies
35. Passenger Processing Self-Service Technology Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Passenger Processing Self-Service Technology Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on passenger processing self-service technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for passenger processing self-service technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The passenger processing self-service technology market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Self-service Check-in; Self-service Bag Drop; Automated Border Control; Other Types2) By Component: Hardware; Software; Services
3) By Applications: Airports; Airlines; Other Applications
Key Companies Mentioned: Raytheon Collins Corp.; RTX Corporation LLC; Fujitsu Corp.; NCR Voyix Corporation LLC; Amadeus Corp.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Raytheon Collins Corp.
- RTX Corporation LLC
- Fujitsu Corp.
- NCR Voyix Corporation LLC
- Amadeus Corp.
- Daifuku Inc.
- IDEMIA Corp.
- Glory Ltd.
- BEUMER Group LLC
- SITA Inc.
- TAV Technologies Inc.
- Access-IS Corp.
- IER LLC
- Materna IPS LLC
- DERMALOG Corp.
- Embross Inc.
- HESS Cash Systems GmbH & Co. Corp.
- Parabit Systems Inc.
- Atrax LLC
- Elenium Automation LLC
- Olea Kiosks Inc.
- CCM Airports Inc.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.2 Billion |
Forecasted Market Value ( USD | $ 1.98 Billion |
Compound Annual Growth Rate | 13.2% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |