The airport sleeping pods market is anticipated to expand to a valuation of US$ 67.7 million in 2023 and is projected to exhibit a CAGR of 4.8% from 2023 to 2033 and reach US$ 108.19 million in 2033. As a result of the surge in global business trips, the government has invested a substantial amount of money in airport sleeping pods. As passengers reserve smart sleeping areas at airports that provide personnel and resting areas.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | US$ 67.70 million |
| Anticipated Forecast Value (2033) | US$ 108.19 million |
| Projected Growth Rate (2023 to 2033) | 4.8% CAGR |
There are various kinds of airport sleeping pods, ranging from nap seats, that provide travelers with individual and resting space, Wi-Fi, reading lights, and electricity adapters, to bigger ones, which are similar to tiny hotel accommodations and include free shower amenities, office space, and an augmented airport encounter.
One of the key variables influencing the development of the worldwide airport sleeping pod industry is increased capital investment in passenger-friendly infrastructure at airports. For instance, the Indian government revealed initiatives in 2016 to invest US$ 120 billion in airport infrastructural projects. Most governments concentrate on allocating space in airports for resting pods to private functions that manage pod deployment and upkeep.
Furthermore, the emergence of the notion of smart airports, as well as a growing number of passengers traveling, are a few of the main variables influencing market opportunity for airport sleeping pods. Airport crews are primarily focused on the creation of non-aeronautical facilities offered to their passengers, which will generate more revenue and allow them must provide better service to their travelers.
Also, the booming population has been a driving force in the airport sleeping pods market. Based on the World Bank, the earth's population in 2019 was 767.35 crores. With the growing population, there is a greater demand for air transport, and the airport network is steadily rising. The growing increase in airports has expanded the market for airport sleeping pods. Furthermore, the passenger-friendly amenities will boost demand for the airport sleepy pods market.
The advancement of airport sleeping pods in emerging nations is projected to have additional global potential for market expansion. Economies in the Asia Pacific and Latin America will be essential to the growth momentum of airport sleeping pods. Based on a Delta Airlines survey, sleep quality is crucial in comparison to other characteristics of airport sleeping pods.
Burgeoning initiatives for smart cities and a rise in the number of airline passengers in growing economies are the two primary drivers cruising the expansion of the Asia Pacific market. As reported by the Directorate General of Civil Aviation (DGCA), India's domestic flight passenger traffic roughly doubled to 1.25 crore in January 2023, up from 64.08 lacks the previous year.
Airport sleeping pods are only available at a few major airports, such as Charlotte Douglas International Airport, due to a constrained number of businesses working on this approach. Airport sleeping pods are only available at a few major airports, such as Charlotte Douglas International Airport, due to a constrained number of businesses working on this approach.
The expansion of the aircraft industry and the principle of smart airfields in the past few years have enhanced interconnection between nations, resulting in a rise in the number of airlines and alternative routes, which may result in leisure travelers and an urge for relaxation through special services such as airport sleeping pods at reasonable rates to travelers. Indira Gandhi International Airport has made airport sleeping pods available through a partnership with Snooze at my Place.
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Significant investment has been made by the government in airport sleeping pods due to the increase in international business travel. As travelers are reserving smart sleeping places at airports that offer personnel and relaxing space.
Airport sleeping pods are also known as sleeping cabins, capsule hotels, nap pods, or snooze pods, having sleeping spaces in airports where passengers can take a rest in between flight halts.
There are different types of airport sleeping pods - starting from nap seats which provide passengers with personal and relaxing space, comprising of Wi-Fi, reading lights, and power connectors and larger ones are like tiny hotel rooms, comprises of free shower facilities, workspace, and enhanced airport experience.
Moreover, the rise in the concept of smart airports and an increase in the number of air passengers are some of the primary factors which will boost the demand for airport sleeping pods in the market.
Airport operators are mainly focusing on the development of non-aeronautical facilities being provided to their passengers which will improve the revenue and help them to provide quality service facilities to their passengers.
Passengers traveling with their families may require/ prefer dress changing, baby crib facilities, and others. Further, passengers on business trips may prefer business lounges and other facilities which are free to use such as fax machines, scanning, and others that allow them to work freely. Further, the replacement of public utility models with commercial utility models will have a great impact on the global airport sleeping pods market.
Principal Consultant
The evolution of airport sleeping pods in developing countries is estimated to have further growth opportunities in the global market. The airport sleeping pods market is classified into seven key players: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.
Countries in the Asia Pacific and Latin America will play a crucial role in the growth of airport sleeping pods in the global market. According to delta airlines survey they described sleep quality very important, with respect to other features of airport sleeping pods.
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The global market players of airport sleeping pods consist of some leading players which are as follows:
The global airport sleeping pods market can be categorized on the following basis:
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Airport Sleeping Pods Market
