Airport Passenger Boarding Bridge Market Size

Airport Passenger Boarding Bridge Market Size

Airport Passenger Boarding Bridge Market was valued at USD 994 million in 2022 and is predicted to register at a CAGR of over 8% between 2023 and 2032. The market is driven by increasing air travel and passenger traffic.

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The global aviation industry has been experiencing a steady increase in air travel demand, leading to higher passenger traffic at airports. According to IATA, in 2022, total global traffic surged by 64.4% compared to 2021. The full-year traffic for 2022 reached 68.5% of pre-pandemic (2019) levels worldwide. Specifically, December 2022 witnessed a 39.7% increase in total traffic compared to December 2021, achieving 76.9% of the traffic recorded in December 2019.  As more people choose air travel for business and leisure, airports have been expanding and upgrading their infrastructure to accommodate the growing number of passengers. The need for efficient and time-saving boarding processes has driven the demand for advanced passenger boarding bridge systems. Additionally, the robust growth of the aircraft ground handling system serves as a key driver for the airport passenger boarding bridge industry. As airports worldwide invest significantly in the expansion and modernization of their ground handling infrastructure, the demand for advanced boarding bridge solutions rises in tandem.

Modernization and infrastructure upgrades will favorably impact the airport passenger boarding bridge industry dynamics through 2032. Many airports worldwide have been investing in the modernization and expansion of their infrastructure to enhance overall operational efficiency and passenger experience. Upgrading to advanced passenger boarding bridges that offer improved technology, automation, and energy efficiency has been a key focus for airport authorities.
 

Quoting an instance, The Reno-Tahoe International Airport Authority is embarking on a phased expansion project in Reno, Nevada, USA. This initiative encompasses the enlargement of the airport and features key components such as an 887m2 ticketing area and lobby, the addition of five gates, a consolidated rental car facility space, and the refurbishment of B and C concourses. Construction activities commenced in October 2022, focusing initially on the ticketing area. The comprehensive project is slated for completion by 2029. As airports strive to meet international standards and regulations, the adoption of advanced boarding bridge systems becomes crucial.