Aerobridge Market Analysis

Aerobridge Market Size

Aerobridge Market Size was valued at over USD 8 billion in 2020 and is estimated to grow at a CAGR of 1.2% from 2021 to 2027. Increasing air travel across the world will drive the market growth during the forecast period.
 

The annual growth rate of air travel is expected to be around 4.5% as many emerging economies around the world are working on developing airports while the developed economies are developing their existing airports. With the increase in the number of passengers, airport authorities and domestic governments are working on enhancing and modernizing their airport infrastructures, which will offer amazing experiences to passengers. Increasing per capita income in many emerging economies along with rapidly growing middle-class population is further fueling the air traffic which is projected to boost the industry growth in the coming years.
 

Increasing maintenance and operational costs associated with the aerobridges will hamper the market expansion in the coming years. Aerobridges are specialized equipment, having many complex components that require regular maintenance and necessary operational requirements that lead to higher costs. Moreover, the requirement of skilled operators as workers to handle aerobridges is predicted to increase the cost, which may negatively impact the market progression during the forecast period.
 

The glass segment in the aerobridge market will reach USD 5.5 billion by 2027. Generally, aerobridges are made by using steel wall structures due to their strengths but the modern design, featuring glass walls as they increase the aesthetic appeal of the aerobridges, is formulated by keeping the passengers in mind. Glass-walled aerobridges are further gaining popularity as they reduce the possibility of claustrophobia and also offer beautiful viewing experiences for the passengers.
 

The hydraulic segment is anticipated to cross USD 6 billion by 2027. The hydraulic elevation systems are utilized in aerobridges to reduce the operating costs and aid in smooth elevation operations. This type of a system of aerobridges should be maintained and operated properly in order to prevent them from polluting the atmosphere. This type of system is usually utilized by various industry leaders as the aerobridges are easy to operate and require less skill to operate them.
 

The apron segment will dominate more than 65% of the market share by 2027. Apron drives are the most widely used passenger boarding bridges across the world. These jet bridges are extremely flexible and offer free movement across all axes: telescopic, rotational, and elevation. In addition, these require very less space. Apron driver aerobridges are used for various types of aircraft such as ICAO, C, D, E, F, and Airbus A380.
 

The aerobridge market for movable segment exceeded USD 7.5 billion in 2020. The movable jet bridges are generally preferred by various airports due to its enhanced operational flexibility and excellence. The movable confriguration helps the aerobridge to retract and move away from the aircraft safety zone during its arrival and depature. Additionally, they can be easily adjusted to different heights and are convinently used with different type of aircrafts.
 

The two-tunnel segment is slated to attain a CAGR of 1% through 2027. This type of tunnel offers satisfactory reach to the passengers and are suitable for passenger transportation in big aircraft. The two tunnels aerobridges are available in different configurations as per the need of the airport operators.
 

Europe aerobridge market will cross the demand of 3,900 units by 2027. Aerobridges have always been popular in Europe since their inception, especially glass-walled aerobridges. Continuously growing airport infrastructure combined with increasing government spending will augment the Europe market to garner a huge demand for jet bridges in the coming years.