Aerobridge Market by Product and Geography - Forecast and Analysis 2021-2025

The aerobridge market share is expected to increase by USD 2.61 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.78%.

This aerobridge market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aerobridge market segmentations by product (apron drive aerobridge, commuter aerobridge, nose-loader aerobridge, dual aerobridge, and others) and geography (North America, Europe, APAC, South America, and MEA). The aerobridge market report also offers information on several market vendors, including A.D. McCallum and Son, ADELTE Group SL, CIMC Tianda Holdings Co. Ltd., Deerns Groep BV, FMT Aircraft Gate Support Systems AB, John Bean Technologies Corp., Mitsubishi Heavy Industries Ltd., PT Bukaka Teknik Utama Tbk, ShinMaywa Industries Ltd., and thyssenkrupp AG among others.

What will the Aerobridge Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Aerobridge Market Size for the Forecast Period and Other Important Statistics

 

Aerobridge Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The deployment of aerobridges in tier-2 cities of emerging economies is notably driving the aerobridge market growth, although factors such as increasing number of aerobridge collision accidents may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aerobridge industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aerobridge Market Driver

The deployment of aerobridges in tier-2 cities of emerging economies is one of the key factors driving the growth of the global aerobridge market. A number of tier-2 cities in emerging economies have planned the retrofitting of the existing airport infrastructure due to the high inflow of passenger traffic. In 2018, the Tiruchirappalli International Airport in southern India installed its third aerobridge at the cost of $0.514 million as a part of the upgrade project of airports in tier-2 cities in India. Other countries such as China, the US, and Germany are also focusing on expanding and installing aerobridges in airports across tier-2 cities. Furthermore, vendors are expanding their presence geographically, which supports the growth of the global aerobridge market. The increasing competition in the aviation industry has compelled airline service providers to offer improved customer services. This has led to the operation of aerobridges by low-cost carriers (LCCs), especially in countries such as India. For instance, India-based IndiGo Airlines has been operating aerobridges for domestic flights, which is contradictory to the usual practice of airlines employing aerobridges for bigger jets that generally fly only on international routes. This is increasing the demand for aerobridges further, thereby driving the global aerobridge market.

Key Aerobridge Market Trend

The development of smart docking assist will fuel the global aerobridge market growth. Major aerobridge manufacturers offer solutions for aerobridges, which employ artificial vision to automate the bridge-to-aircraft docking process. For instance, thyssenkrupp offers the Smart Docking Assist (SDA), which involves algorithms and machine-learning processes to quantify and test reactions to single out the most efficient performance of the technology. This reflects a more precise analysis of the risk parameters associated with docking and reduces the damage caused to airplanes, which is the usual consequence in the case of malfunctioning of VDGS. The system is also expected to bring down the maintenance and repair costs of ground-handling services while ensuring the safety of passengers during boarding and disembarking from airplanes. ThyssenKrupp developed the SDA solution as part of the INTERACTION project (Innovative Technologies and Researches for a new Airport Concept), funded by the 7th Framework Programme of the European Union, directed toward improving the turnaround processes, enabling the easy flow of people in airports, and developing solutions to boost mobility in buildings and cities, in response to the increasing globalization and urbanization. Similarly, JBT offers assisted docking for aerobridges, which characterize reliability and uptime dependability.

Key Aerobridge Market Challenge

The increasing number of aerobridge collision accidents is a major challenge for the global aerobridge market growth. Airlines cannot predict the occurrence of such incidents and have a difficult time controlling such costs. Incidents such as the collision of aircraft with aerobridges have increased drastically over the years. Such incidents prove to be a costly affair for airlines as they must bear the repair costs. Furthermore, the rising number of accidents has resulted in fines for ground support service providers. For instance, in November 2019, two local ground handling service providers in Taiwan were fined when an aircraft sustained damage at Taiwan Taoyuan International Airport. Thus, to gain financial incentives, airlines and service providers must reduce the number of such ground incidents. The rising number of accidents has led to stringent guidelines for service providers and aerobridge providers. Such regulatory challenges are likely to increase with the induction of new aircraft into global fleets. The stringent regulatory processes are expected to increase the compliance costs associated with aerobridges. Thus, vendors would require a high level of engineering efforts for the execution of standard-specific and effective aerobridges. This is likely to restrict the growth of the global aerobridge market during the forecast period.

This aerobridge market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global aerobridge market as a part of the global aerospace & defense market within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aerobridge market during the forecast period.

Who are the Major Aerobridge Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• A.D. McCallum and Son
• ADELTE Group SL
• CIMC Tianda Holdings Co. Ltd.
• Deerns Groep BV
• FMT Aircraft Gate Support Systems AB
• John Bean Technologies Corp.
• Mitsubishi Heavy Industries Ltd.
• PT Bukaka Teknik Utama Tbk
• ShinMaywa Industries Ltd.
• thyssenkrupp AG

 

This statistical study of the aerobridge market encompasses successful business strategies deployed by the key vendors. The aerobridge market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• A.D. McCallum and Son - The company offers aerobridge such as Installations, maintenance, repairs, and relocations.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aerobridge market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aerobridge Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aerobridge market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global capital goods market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Aerobridge Market?

For more insights on the market share of various regions Request for a FREE sample now!

29% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for aerobridge market in APAC. Market growth in this region will be slower than the growth of the market in regions.

The deployment of aerobridges in tier-2 cities of emerging economies will facilitate the aerobridge market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Due to the outbreak of COVID-19, contracts for the project had taken off in 2021-2022. In 2019-2020, the airport had earned a profit of 80.3$. With a sharp drop in the number of passengers and most commercial activities stalled, the airport suffered a loss of 26.7$. However, amidst the outbreak of COVID-19, airport construction projects across the region have slowed down, which is expected to have a negative impact on the aerobridge market in APAC in 2020. But airport construction projects are expected to gain momentum by 2021, which will drive the market in focus in APAC during the forecast period.

What are the Revenue-generating Product Segments in the Aerobridge Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The aerobridge market share growth by the Apron drive aerobridge segment will be significant during the forecast period. Apron drive aerobridges are the most commonly used aerobridges that include rotunda, tunnel, drive column, safety bar, engineer's stairs, operator cabin, and canopy. The bridge remains fixed throughout but can be pivoted and rotated at the terminal end. It moves over the apron using wheels attached to the lift columns. Apron drive aerobridge walls are usually made of glass or steel and are available with either electromechanical or hydraulic control systems.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aerobridge market size and actionable market insights on post COVID-19 impact on each segment.

 

Aerobridge Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.78%
Market growth 2021-2025	$ 2.61 billion
Market structure	Fragmented
YoY growth (%)	4.21
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	APAC at 29%
Key consumer countries	US, Russian Federation, Canada, Germany, and Brazil
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	A.D. McCallum and Son, ADELTE Group SL, CIMC Tianda Holdings Co. Ltd., Deerns Groep BV, FMT Aircraft Gate Support Systems AB, John Bean Technologies Corp., Mitsubishi Heavy Industries Ltd., PT Bukaka Teknik Utama Tbk, ShinMaywa Industries Ltd., and thyssenkrupp AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Aerobridge Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive aerobridge market growth during the next five years
• Precise estimation of the aerobridge market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the aerobridge industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aerobridge market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch