Global Aerobridge Market size is projected to be valued $1 Billion by 2024; with a CAGR of 8% from 2017 to 2025. Aerobridge, also known as Passenger Boarding Bridges (PBB) allows secured and smooth movement of passengers. An aerobridge can be fixed or movable depending upon the building design, sill height, and other operational requirements. They provide with enhanced and comfortable access to aircraft, especially for disabled, children and elderly passengers. Many security agencies prefer aerobridge over ferry bus to avoid vehicular traffic, risk of accident and terror.
Increasing passenger traffic at domestic as well as international airports is expected to drive the market. Moreover, increasing investments in installing operating aerobridges for domestic flights and rise in passenger in tier-II cities of developing counties are also expected to drive the market. However, lack of technical knowledge in handling the aerobridge causing accidents may limit the growth of the market. For instance, in July 2016, Air India flight travelling to Riyadh hits aerobridge at Mumbai Airport. Many low cost aircraft avoid using them due to high cost imposed on the usage of bridges also limits the growth of the market. Furthermore, untapped markets in developing countries and domestic airports could provide opportunity for the growth of market.
The market is segmented based on the type, structure, product type and geography. By type is further segmented into fixed aerobridge and movable aerobridge. Structure can be further segmented into glass walled and steel walled. Furthermore, product type is segmented into commuter bridge, dual boarding bridge, apron drive bridge, T-bridge and others.
By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers U.K, Germany, Russia and others. Asia-Pacific covers China, India, Australia and others. Rest of the World (RoW) covers South America, Middle East and Africa
Key market players include CIMC Group Ltd., Airport Equipment Ltd., Ameribridge, Inc., MHI-TES, Adelte Group, John Bean Technologies Corp., Thyssenkrupp AG, Vataple Group Ltd., Shinmaywa Industries Ltd. and Hubner GmbH & Co. Kg. among others.
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Scope of the Global Aerobridge Market