Aerobridge Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects And Forecast To 2033

Global aerobridge market size is expected to reach $9.14 Bn by 2028 at a rate of 2.1%, segmented as by product type, apron drive, noseloader, t-bridge, commuter bridge, other types

Jun 20, 2024 - 14:01

Overview and Scope
Aerobridge refers to a telescoping passageway connecting an airport terminal to an aircraft, enabling safe passenger boarding and deplaning. They are utilized to link airport structures to flying machines.

Sizing and Forecast
The aerobridge market size has grown marginally in recent years. It will grow from $8.24 billion in 2023 to $8.4 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to air traffic growth, airport modernization, safety and convenience, rising air travel expectations, improvement in aircraft sizes.

The aerobridge market size is expected to see steady growth in the next few years. It will grow to $9.14 billion in 2028 at a compound annual growth rate (CAGR) of 2.1%. The growth in the forecast period can be attributed to airports expansion and development, rise in air passenger traffic, green initiatives in aviation, demand for contactless solutions, focus on passenger experience. Major trends in the forecast period include smart airport development, flexible and adaptable designs, energy-efficient solutions, integration of iot and connectivity, enhanced accessibility features.

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Segmentation & Regional Insights
The aerobridge market covered in this report is segmented –

1) By Product Type: Apron Drive, Noseloader, T-Bridge, Commuter Bridge, Other Types
2) By Wall Structure: Steel, Glass
3) By Elevation System: Hydraulic, Electromechanical
4) By Application: Civilian Aircraft, Commercial Aircraft, Military Aircraft

Asia-Pacific was the largest region in the aerobridge market in 2023. The regions covered in the aerobridge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing air passenger traffic is expected to propel the growth of the aerobridge market going forward. Air passenger traffic refers to the number of passengers traveling by air from one destination to another, typically measured by the number of passengers carried on commercial airlines or other air transport services. The increased demand for air travel has led to the development and implementation of aerobridge that helps with passengers' smooth boarding or deboarding. For instance, in March 2023, according to the Bureau of Transportation Statistics (BTS), a US-based principal agency of the U.S. Federal Statistical System, the number of passengers transported by U.S. airlines increased by 194 million in 2022 compared to 2021, a 30% increase. Further, the U.S. airlines transported 853 million passengers (unadjusted) from January through December 2022, up from 658 million and 388 million passengers, respectively. Therefore, the increasing air passenger traffic is driving the growth of the aerobridge market.

Key Industry Players
Major companies operating in the aerobridge market report are Bukaka Teknik Utama Tbk PT, Thyssenkrupp AG, Mitsubishi Heavy Industries Ltd., CIMC Group Ltd., TK Elevator GmbH, Hyundai Rotem Company, John Bean Technologies Corporation, Shinmaywa Industries Ltd., CIMC-TianDa Holdings Company Limited, Hubner GmbH & Co Kg, Saudi Ground Services Co., ADELTE Group, Cavotec SA, Deerns Group BV, AERO BridgeWorks Inc., Mallaghan Engineering Ltd., Cimolai Technology S.p.A., Jiangsu Tianyi Aviation Industy Co. Ltd., Airport Equipment Ltd., Ameribridge Inc., FMT Airport Gate Support Systems AB, TIPS GSE, Equipos Industriales De Manutencion S.A. (EINSA), Aviramp GSE, AD McCallum & Son Pty Ltd., Muhibbah Airline Support Industries Sdn Bhd, Dimaim Systems SL, Smart Airport Systems (SAS), Avicorp Middle East FZCO, Vataple Machinery (Kunshan) Co. Ltd.

The aerobridge market report table of contents includes:
1. Executive Summary

2. Aerobridge Market Characteristics

3. Aerobridge Market Trends And Strategies

4. Aerobridge Market - Macro Economic Scenario

5. Global Aerobridge Market Size and Growth

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32. Global Aerobridge Market Competitive Benchmarking

33. Global Aerobridge Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Aerobridge Market

35. Aerobridge Market Future Outlook and Potential Analysis

36. Appendix

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