The global airport sleeping pods market was valued at USD 55 million in 2016 and is expected to surpass USD 75 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global airport sleeping pods market, under its aerospace portfolio. This market analysis discusses the major drivers and key emerging trends and offers a competitive analysis of key vendors like GoSleep, napcabs, SnoozeCube, and Minute Suites.
According to Avimanyu Basu, a lead analyst for aerospace research at Technavio, “Emergence of smart airport concepts will drive the demand in the airport sleeping pods market. Seeing the growing deployment of the internet of everything enabled intelligent airport infrastructure along with the increasing investments in technological advancements, International Air Transport Association and Airports Council International jointly proposed the concept of smart airports.”
These provide a seamless travel comfort to passengers at airports and have the potential to boost the efficiency and profitability of airport operators during unstable economic conditions. Under the smart airport approach, all systems are integrated into one single digital grid, which helps in real-time information sharing and deep cross-silo collaboration.
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Trend toward capsule hotels for airport passengers
The growing concept of aerotropolis surrounding the airport is a major factor contributing to the growth of the market. Airport operators are planning to improve the passenger experience at airports by providing value-added services, such as napping pods, within the terminal. The airports are providing this option to all segments of customers through cost-effective resting areas. In the last few years, there is a growing demand for capsule sleeping pods, which are more effective and flexible for passengers during a flight delay or at the time of waiting for transit flight.
Emergence of Agile airports
With the growing passenger traffic, stakeholders and governments are focusing on enhancing airport infrastructure with sophisticated installations. Therefore, airport authorities are focusing on the development of a unique approach to enhance customer travel experience along with safe and reliable operations. The approach has led to the creation of an agile and shared infrastructure, where multiple stakeholders can exchange data seamlessly. Some of the examples of agile airports include the Toronto Pearson International Airport (Ontario, Canada), London Heathrow Airport (Longford, UK), Singapore Changi International Airport (Singapore), Hong Kong International Airport (China), and McCarron International Airport (Nevada, US).
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This market research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. A competitive analysis of the key vendors, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Airport Sleeping Pods Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Airport Display Systems Market 2017-2021
- Global Airport Fire Safety Equipment Market 2017-2021
- Global Aircraft Fuel Cells Market 2017-2021
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