Aerobridge Market worth over $9bn by 2027
Published Date: August 6, 2021 Authors: Kiran Pulidindi, Akshay Prakash
Aerobridge Market Size is set to surpass USD 9 billion by 2027, according to a new research report by Global Market Insights Inc.
Aerobridge is an enclosed walkway that extends from the airport terminal to the aircraft. Aerobridges help in safe, easy, and comfortable movement for passengers. They also reduce the security risks that arise from the passenger access to the ramp. Moreover, the aerobridge also offers passengers safety as it prevents the passengers from getting exposed to extreme temperatures and weather conditions, moving aircraft, and vehicle traffic.
Various airport construction projects and their related upcoming developments will help in driving the product demand in the coming years. Several countries are heavily investing for more efficient airport projects that can accommodate traffic growth and also aid in providing better customer services. Increasing air traffic will further generate the need for developing airport and related infrastructure around the world. This will help propel the market to gain momentum and add significant value to airport infrastructure along with maintaining satisfactory experiences for travelers.
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The steel segment in the aerobridge market will witness around 1% growth rate through 2027. The wall structure of traditional aerobridges is made of steel and these aerobridges are less expensive than their counterparts such as glass-walled aerobridges. These aerobridges have various advantages including long service life, low repair & maintenance, and reduced life-cycle costs. The aerobridges are also utilized by various advertising agencies for advertisements that help brands to better advertise and connect with thousands of passengers.
Browse key industry insights spread across 250 pages with 329 market data tables & 19 figures & charts from the report, “Aerobridge Market Size By Wall Structure (Steel, Glass), By Elevation System (Hydraulic, Electromechanical), By Movement (Fixed, Movable), By Tunnel Sections (Two, Three), By Product Type (Apron Drive, Noseloader, T-Bridge, Commuter Bridge), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027” in detail along with the table of contents:
The aerobridge market for electromechanical segment is estimated to attain a CAGR of 1.5% by 2027. The electromechanical elevation system is rapidly gaining popularity owing to its integration with the latest technological advancements, improving operational capabilities for jet bridges. This type of system is also environment friendly as it does not pollute akin to the hydraulic type systems that suffer from oil leakages.
The fixed segment in the aerobridge market will cross 1,650 units in 2027. The aerobridges include a fixed platform that is connected to the terminal building. These aerobridges are kept in line with the platform and then the retractable gantry is extended, which allows passengers to successfully board or disembark from the aircraft. Fixed aerobridges are rarely used as these aerobridges offer very low flexibility.
The three tunnels segment is anticipated showcase substantial growth during the forecast timeframe. This type of tunnel aerobridge is generally utilized in various large airports, which are having more apron space. The growing passenger for air travel with further boosts the market, thereby fueling the segment growth.
The noseloader segment held 10% of the aerobridge market share in 2020. Noseloader aerobridges are used when the aircraft size is restricted, or the parking area is limited. These aerobridges generally involve telescopic tunnel elevating up & down and fixed tunnel sections connected to the terminal building. These jet bridges have lower number of moving parts as compared to apron drives and require less repair & maintenance, subject to low costs. These are used in airports susceptible to harsh weather conditions including cool & snowy winters and hot & humid summers.
APAC will bank on growing number of passengers opting air travel
Asia Pacific aerobridge market will be the fastest-growing region in terms of air passenger traffic growth during the forecast timeline. According to the Airports Council International’s (ACI) Annual World Airport Traffic Forecasts 2017 – 2040, APAC will contribute nearly 39% of the international passenger traffic growth between 2017 and 2040. Countries including China and India are investing huge amounts of money on airport infrastructure projects. Apart from these two, various countries including Vietnam, Colombia, Indonesia, Malaysia, and the Philippines are likely to be fast-growing countries for air passenger travel. As these developing economies continue to modernize their airport infrastructures with the installation of state-of-the-art equipment, the industry growth will be supported during the forecast period.
Some of the prominent players operating in global market includes Thyssenkrupp, JBT Corporation, Vataple Machinery (Kunshan) Co., Ltd., ADELTE – The Boarding Company, PT Bukaka Teknik Utama Tbh, ShinMaywa Industries, Ltd., Airport Equipment, Muhibbah Airline Support Industries Sdn Bhd (MASI), FMT Sweden AB, and CIMC-TianDa.
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