SAN FRANCISCO, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Global Aerobridge Market Report by Variant Market Research, estimate that global market is estimated to reach $1,453 Million by 2024, from $778 Million in 2016. The report will include detailed analysis of aerobridge market with respect to major segments such as type, structure, product and geography. Aerobridges are extended corridors that connects airport terminal to an aircraft. This enables a secured boarding and arrival of passengers and enhances security of terminal operations.
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Increasing adoption of aerobridge for domestic flights drives the global aerobridge market
The drivers of global aerobridge market include, rising number of air passengers for domestic as well as international flights, and growing investments for installing aerobridges for domestic flights. Rapid increase in air passenger from tier-II cities also fuels the growth of the market. Additionally, untapped markets in emerging economies and domestic airports would provide several opportunities for the players. Though, lack of technical knowledge in handling the aerobridge leading into accidents may hamper the adoption. Growing number of air traffics in regional or domestic airports have led to increased investments on aerobridges. Moreover, owing to rapid growth in air traffic, several domestic airports are undergoing expansion including building extra terminals, runways, and others. This has led to surge in demand for safety and security of air passengers and convenience for disables passengers, thereby, adopting aerobridges in domestic airports.
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Market Segmentation
The market is bifurcated based on type, structure, product type, and geography. By type, the market is further segmented into fixed aerobridge and movable aerobridge. Structure can be categorized into glass walled and steel walled. Furthermore, product type is categorized 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).
Movable aerobridge held the largest market share in the type segment
Movable aerobridges are widely used in airports owing to its various advantages. Depending on the building designs, fueling operations, sill heights and other operational requirements, movable aerobridges can be adjusted. Its ability to provide all-weather protection and enhance the security of terminal operations have led to increased used of movable aerobridges.
Steel-walled aerobridge dominated structure type segment
Steel-walled aerobridges accounted for more than half of the structure type segment. Structural steel framing offers various benefits such as, cost effective, easily extended, fast to construct, and easily altered during construction.
Apron drive bridge accounted the largest market share in product type segment
Apron bridge is most widely used product type among all the other aerobridges. It allows maximum flexibility and require minimum space. Moreover, they are designed to accommodate a wide range of aircrafts and can be easily connected according to various configuration.
North America held the highest market share
Increasing need for protection against weathers, security & safety for passengers boarding from all the level, increasing number of migrations and growing air traffic have increased the adoption of aerobridge in North American region. Additionally, Asia-Pacific region is anticipated to attain the fastest CAGR, driven by, increasing economy, growing investments for modernization of airports, increasing number of immigrants & tourists, and growing greenfield projects.
Competitive Landscape
In October 2016, ADELTE has been awarded with two new contract to supply passenger boarding bridges in Incheon and Taiwan. The key market players include CIMC Group Ltd., Thyssenkrupp AG, Airport Equipment Ltd., Ameribridge, Inc., Adelte Group, John Bean Technologies Corp., Vataple Group Ltd., MHI-TES, ShinMaywa Industries Ltd., and Hubner GmbH & Co. KG., among others.
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