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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.
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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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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