ICT RESEARCH REPORTS Airport-Sleeping-Pods-Market | Page 2

Wi-Fi connectivity, electric components, television, and other facilities. Increasing demand for
hotels or waiting rooms at airports have accelerated demand for capsules hotels.
Moreover, some of the major challenges, which are adversely affecting growth of the airport
sleeping pods market are high product costs, high maintenance costs, and adherence to
stringent regulations regarding electrical components.
North America airport sleeping pods market is projected to retain its dominance in the
global airport sleeping pods market.
On the basis of geography, the global airport sleeping pods market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America was the
leading region in the global airport sleeping pods market in 2016, in terms of market share and is
projected to retain its dominance over the forecasted period. Increasing number of air
passengers is a major factor, driving growth of the market in North America. For instance,
according to Federal Aviation Administration, by 2021 around 262 million passengers are
estimated to travel by flight in the U.S. In addition to this, large number of airports in the U.S.
have also accelerated adoption of this product. According to the United States Department of
Transportation, in 2016, the number of airports in the U.S. was around 19,536 airports.
Asia Pacific market is projected to register the highest growth rate over the forecast period, with
India, China, and Japan being the major growth engines. Rising smart city projects, and
increasing number of aero plane passengers in emerging economies are some of the major
factors driving growth of the market in Asia Pacific. For example: according to Directorate
General of Civil Aviation India, in January 2016, the passengers carried by domestic airlines was
7.65 Mn up from 6.24 Mn in 2016. Moreover, increasing travel and tourism industry in Asia Pacific
further fuels demand for capsules hotels at airports, which fuels growth of the sleeping pods
market in this region. For instance: according to India Brand Equity Foundation, direct
contribution of tourism and hospitality industry to GDP is US$ 72 Bn in 2016 and is projected to
reach US$ 178 Bn by 2027.
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Key industry participants are focusing on strategic initiatives such as collaborations with
government bodies, offering better facilities in sleeping pods, and others to increase its market
share. For instance, in 2013, government of Abu Dhabi announced installation of GoSleep
sleeping pods, which enables passengers to rest in a private and secure environment at Abu
Dhabi International Airport. Also, in 2017, SleepBox launched a cozy luxury sleep pods with
features such as drop-down desk, Bluetooth-enabled speakers, Wi-Fi, and electrical outlets.
Some of the major companies in the global airport sleeping pods market include GoSleep,
Sleepbox, SnoozeCube, and MetroNaps.