Seattle, WA -- (SBWIRE) -- 11/13/2019 -- A sleeping pod is a one or sometimes two-person capsule, used for sleeping and taking rest. Generally, it has power socket, reading light and some other features. Sleeping pods are generally installed at airports and equipped with facilities such as Wi-Fi, television, and minimum requisite space for a human body resting.

Market Dynamics- Drivers
Growing investment by the government to offer passenger-friendly facilities at airports is expected to drive growth of the global airport sleeping pods market. For instance, in 2016, Government of India announced a planned to invest US$ 120 Billion for infrastructure development of airports. Most governments focus on allotting space for sleeping pods in airports to private parties who handle the installation and maintenance of pods.

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Furthermore, rising capsule hotels at airports is expected to propel growth of the global airport sleeping pods market in the near future. Capsules hotels are small box-like hotels, which provide facilities such as Wi-Fi connectivity, electric components, television, and other facilities. Increasing demand for hotels or waiting rooms at airports have accelerated demand for capsules hotels.

Market Dynamics- Restraints
High product costs, high maintenance costs, and adherence to strict government policies associated with electrical components are expected to restrain growth of the global airport sleeping pods market during the forecast period.

Global Airport Sleeping Pods Market Taxonomy
On the basis of product type, the global airport sleeping pods market is classified into:
-Single occupancy sleeping pods
-Shared occupancy sleeping pods

On the basis of End-users, the global airport sleeping pods market is classified into:
-Children
-Adult

On the basis of regions, the global airport sleeping pods market is classified into:
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa

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Regional Insights
North America airport sleeping pods market is projected to retain its dominance in the global airport sleeping pods market.
On the basis of region, the global airport sleeping pods market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among regions, North America is expected to account for the dominant market share in the global airport sleeping pods market in 2018, in terms of market share and is estimated to retain its dominance during the forecast period. Moreover, increasing number of air passengers is driving growth of the global airport sleeping pods market. According to Federal Aviation Administration Aerospace forecast, in 2017, around 229 million passengers are estimated to travel by flight in the U.S., up from 218 million passengers in 2016. Moreover, 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.

Furthermore, Asia Pacific market is projected to exhibit the highest growth rate over the forecast period, with India, China, and Japan being the major growth engines. This is owing to rising smart city projects and increasing number of aero plane passengers in emerging economies. According to Directorate General of Civil Aviation (DGCA) India, in January 2018, the India's domestic air traffic nearly doubled to 117 million passengers in 2017 with 100 flights taking off every hour compared with 67 in 2011. Furthermore, India's airlines flew 117.18 million passengers in 2017 compared with 59.87 million in 2011. 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. According to India Brand Equity Foundation (IBEF), direct contribution of tourism and hospitality industry to GDP is US$ 72 Billion in 2016 and is projected to reach US$ 178 Billion by 2027.

Global Airport Sleeping Pods Market: Key Players
Key players operating in the global airport sleeping pods market are GoSleep, Sleepbox, SnoozeCube, and MetroNaps. Major companies in the market are involved in various growth strategies such as product launches, in order to gain competitive edge in the market. 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. Moreover, in 2017, SleepBox launched a cozy luxury sleep pods with features such as drop-down desk, Bluetooth-enabled speakers, Wi-Fi, and electrical outlets.

Global Airport Sleeping Pods Market: Key Developments
-In April 2016, JetBlue Airways Corporation installed four new JetNap energy pods in JFK airport terminal in New York City, which looks like a futuristic reclining chair that plays music, designed to bring relaxation and reduce distractions.
-In May 2017, Dubai Airports installed "sleep n fly" sleep pods at Dubai International (DXB) Terminal 3. There are a total of 27 pods and cabins at the terminal which includes 20 'igloo' sleep pods and seven premium double cabins with pull-out children's beds. In the sleep n fly pods, commuters can relax with a small power nap or sleep for the whole night.
-In December 2018, Urumqi Diwopu International Airport in northwestern China's Xinjiang Uygur Autonomous Region, installed around 50 "sleep pods", providing a more comfortable way for passengers to snooze. The sleep pod, 2 meters long, 1.1 meters wide and 1.5 meters tall, allows users to lie flat on a cozy sofa with dimmable lamps, a micro USB and a de-noising stereo.

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