The global aerobridge market size was valued at USD 847.4 billion in 2020 and is estimated to register a substantial CAGR of 6.7% during the forecast period, 2021–2028. The growth of the market is attributed to the expeditious rise in construction of further airports worldwide which will cause increased air traffic across the globe; thereby, will expand the interest of modern aircrafts among the aircraft manufacturers.
An aerobridge refers to an adjoining connector which is extended from an airport terminal gate to an aircraft which helps the passenger in disembark and board from the ship, they are flexible or fixed in nature. These aerobridges is also known as skybridge, jetway and airbridge. The operator controls the leveling of these aerobridges which act as a canopy. The key features of these aerobridges include providing passengers with all-weather dry access during boarding and disembarking and it even strengthens the security of the terminal. Aerobridges are primarily introduced for the passengers comfort, it assists the passengers with mobility impairments and allow smoother operations and saves time; thereby, this conventional style of boarding the aircrafts is driving the market growth.
The Covid-19 pandemic had an unpleasant impact on the aerobridge market. Many companies in the aerobridge market has been on halt to comply with the government regulation which directly impacts the revenue flow. The market suffered considerable loss; however, government’s steps and strategies have helped to neutralise the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing public infrastructure projects which includes the rapid growth of construction of new airports is fuelling the market of aerobridge around the globe.
- Expanding population, urbanization and improved standard of living of consumers worldwide is expected further propel the market growth over the forecast period.
- Rising innovation, developments and advancements in airline industry are projected to fuel the market growth in coming years.
- Rising disposable income across the globe leading to consumers preference to airline travelling over any other means of transport. Thus, spur demand for aerobridges and is expected to expand the market during the forecast period
- High price associated with aerobridges when compared to the traditional methods is expected to impede the market expansion
- R&D investment and technological advancement in aerobridge sector are expected to offer lucrative opportunities for the market players.
Market Segment insights
The apron drive aerobridge segment is projected to constitute a large market share
Based on category, the global aerobridge market is segregated into apron drive aerobridge, commuter aerobridge, dual aerobridge and nose-loader aerobridge. The apron drive aerobridge segment is expected to account for a key share of the market during the forecast period owing to its applications and features over its substitutes which, includes its flexible or movable tunnels. It makes the passenger’s disembark and boarding more efficient and easy. However, the dual segment is projected to grow over the forecast period due to growing production and preference of the key players.
Market Segment insights
The apron drive aerobridge segment is projected to constitute a large market share
Based on category, the global aerobridge market is segregated into apron drive aerobridge, commuter aerobridge, dual aerobridge and nose-loader aerobridge. The apron drive aerobridge segment is expected to account for a key share of the market during the forecast period owing to its applications and features over its substitutes which, includes its flexible or movable tunnels. It makes the passenger’s disembark and boarding more efficient and easy. However, the dual segment is projected to grow over the forecast period due to growing production and preference of the key players.
orth America is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a robust CAGR during the forecast period. The socioeconomic evolution and rising disposable income in these regions are anticipated to drive the market growth; however, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to its innovative and advance techniques and technologies.