In its most recent analysis, Future Market Insights (FMI) highlights the market for passenger boarding bridges’ growth trajectory from 2022 to 2029. The analysis estimates that sales of passenger boarding bridges would reach a market value of US$ 3.10 billion in 2029, growing at a CAGR of almost 8% over that time. Future Market Insights says.
Manufacturers of passenger boarding bridges are under pressure to create technologically innovative and convenience-focused products as innovation makes significant strides in the aviation sector.
The dynamics of the passenger boarding bridge market are being shaped by the positive prognosis for the construction of airport infrastructure throughout the world and the rising convenience demands of travelers.
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Getting everyone on board in a safe and sound way has garnered increased traction from airport authorities, in line with the substantial rise in air traffic over the years. Safety and ease have taken center stage in every PBB development process, with companies vying to offer a win-win offering to passengers and operators, alike.
It will be unsurprising to witness a large number of advanced PBBs, as market players shift their focus on the development of AI-based automatic jet bridges that eliminate the need for skilled individuals, to close the gap between 10 cm.
Market players have been strategically devising approaches and investing in developing a differentiated passenger experience, to win the price war and appeal a wide pool of end-users. As automation of operational processes becomes increasingly commonplace in airports, it is highly likely for the market to witness substantial optimistic waves of change in the manufacturing of jet bridges.
As per the study, mobile telescopic bridges are witnessing increased traction from airlines, which led to sales of ~1,500 units in 2021, owing to their high flexibility and advanced features. An increasing number of companies have shifted their preference to mobile telescopic bridges over T-bridges, as the former can accommodate a wide range of aircraft while allowing easy installation as per various apron configurations.
The study opines that as airports are increasingly shifting their objective towards providing a luxury experience to passengers, the demand for glass-walled passenger boarding bridges has grown significantly. The aesthetic aspect of glass-walled passenger boarding bridges, which lies in the fact that these bridges make the experience of boarding the aircraft less confining has been pushing their adoption across an increased number of airports.
As per the study, glass-walled passenger boarding bridges accounted for ~65% of the market volume share in 2021.
Developing Regions – Hotbed of Opportunities for Stakeholders
In view of the growing lucrativeness of developing regions, such as the Asia Pacific, leading players in the passenger boarding bridge market have placed their focus on securing contracts for PBB supply in these countries. Asia’s proliferating commercial aviation sector has positioned the region as the largest and fastest-growing market for airport infrastructure investments in the world.
Several partakes have already shifted their goal coasts to the Asia Pacific and managed to obtain long-term supply contracts in the region. For instance, In September 2017, ADELTE landed in India with a contract for 12 airports, while seeking a long-term relationship to secure sales.
A large number of market players in the Asia Pacific are constantly investing in technology to cope up with the growing passenger expectations related to convenience and ease. For instance, in January 2018, China International Marine Containers developed the world’s first automatic intelligent boarding bridge, which is likely to go functional in the Netherlands’ Schiphol Airport by 2019-end.
Furthermore, the lucrativeness of the region will remain intact in line with the upcoming Olympics and international sports events to be held in the region, which is highly likely to push the tourists to flow in the region.
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Key Segment:
Product:
- Telescopic Bridges
- T-Bridges
Structure:
- Steel-walled
- Glass-Walled
Type:
- Fixed
- Movable
Drive System:
- Hydraulic System
- Electro-Mechanical System
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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