Passenger Boarding Bridge Market By Product Type (Apron Drive Bridges, Mobile Telescopic Bridges, T-Bridges, Over-the-Wing Bridges, Commuter Bridges, and Nose-Loader Bridges), Structure (Glass Tunnels, Steel Tunnels, and Glass-Steel-Walled), Docking Type (Intelligent Docking and Manual Docking), Geographic Scope And Forecast

Report ID: 89864|No. of Pages: 202

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Passenger Boarding Bridge Market By Product Type (Apron Drive Bridges, Mobile Telescopic Bridges, T-Bridges, Over-the-Wing Bridges, Commuter Bridges, and Nose-Loader Bridges), Structure (Glass Tunnels, Steel Tunnels, and Glass-Steel-Walled), Docking Type (Intelligent Docking and Manual Docking), Geographic Scope And Forecast

Report ID: 89864|Published Date: Jul 2024|No. of Pages: 202|Base Year for Estimate: CAGR of ~11.42% from 2024 to 2031|Format:   Report available in PDF formatReport available in Excel Format

Passenger Boarding Bridge Market Valuation – 2024-2031

The global air travel industry is anticipated to witness a rise in passenger numbers in the coming years, driving the demand for passenger boarding bridges. Passenger boarding bridges play a crucial role in streamlining the boarding and disembarkation process, leading to faster turnaround times for aircraft and improved passenger experience. The market size growth to surpass USD 384.22 Million in 2024, to reach a valuation of USD 844.96 Million by 2031

Passenger boarding bridges provide a safe and secure enclosed environment for passengers to board and disembark aircraft. Manufacturers are constantly developing new technologies to improve the efficiency, functionality, and safety of passenger boarding bridges. These advancements are expected to further propel market growth. The market is to grow at a CAGR of 11.42 % from 2024 to 2031

Passenger Boarding Bridge Market is estimated to grow at a CAGR of 11.42% & reach US$ 844.96 Mn by the end of 2031

Passenger Boarding Bridge Market: Definition/ Overview

A Passenger Boarding Bridge (PBB), also known as an aerobridge, jet bridge, jetway, or sky bridge, is a moveable link that stretches from an airport terminal gate to an aircraft, allowing people to board and disembark. These bridges are designed to fit a variety of aircraft doors, considering height and size variances. A PBB’s principal duty is to provide a safe and efficient way for passengers to move between the terminal and the aircraft while protecting them from external elements such as weather and tarmac operations. The bridge’s structure normally consists of a telescoping tunnel with a pivoting cab that securely attaches to the airplane door.

PBBs are outfitted with modern features to improve their performance and safety. These features include automated docking systems that assure accurate alignment with the aircraft, as well as integrated power and air conditioning units that keep passengers comfortable during the boarding procedure. Furthermore, new PBBs are constructed with operator-friendly controls and frequently include built-in safety systems to prevent harm to the aircraft and bridge itself. Implementing PBBs in airports improves operational efficiency, saves boarding time, and improves passenger experience by streamlining the boarding and deboarding procedures.

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How are Increasing Air Passenger Traffic and Airport Expansion Stimulating Growth in the Passenger Boarding Bridge Market?

The worldwide air travel sector is experiencing a solid and consistent increase in passenger numbers, driven by economic expansion, increased global connectivity, and the rise of tourism. This increase in demand for air travel needs more frequent flights, resulting in busier airports and a greater requirement for efficient passenger boarding and disembarkation processes. Passenger boarding bridges (PBBs) play an important role in expediting this procedure, allowing people to board and exit promptly and safely, lowering aircraft turnaround times. This efficiency is critical for managing flight schedules and maximizing airport operations, making PBBs a must-have component of modern airport infrastructure. In response to rising air passenger traffic, airports around the world are undertaking major expansion and development projects to meet the expanding number of passengers and flights. This development includes the building of new terminals, gates, and runways, all of which will necessitate the use of more PBBs to accommodate the increased traffic. These projects not only increase capacity, but also modernize airport infrastructure to improve the entire passenger experience. With the advent of larger and more diverse fleets of aircraft, the demand for versatile and adaptable PBBs capable of servicing a wide range of aircraft sizes and configurations is increasing. This trend emphasizes the necessity for ongoing innovation and investment in improved PBB technologies.

Modern airports are increasingly emphasizing passenger experience as a significant distinction. PBBs greatly improve the travel experience by offering a safe, enclosed, and climate-controlled area for boarding and disembarkation. This is especially useful in areas with severe weather, as PBBs shield passengers from harsh temperatures, rain, or snow. Improved passenger comfort during these operations can boost overall satisfaction and minimize stress, which is critical for maintaining a positive airport image and recruiting repeat visitors. Aviation authorities around the world have strict safety and security standards for passenger boarding procedures. PBBs provide a regulated environment, reducing the risk of accidents and security breaches during boarding and disembarkation. To ensure compliance with these laws, modern PBBs have advanced safety measures such as anti-collision systems, emergency evacuation alternatives, and real-time monitoring. The ability to provide a secure and reliable boarding process is critical for retaining passenger trust and guaranteeing the overall safety of air travel.

PBB manufacturers are at the forefront of innovation, inventing new technologies to improve the efficiency and functionality of their boarding bridges. These innovations include automatic docking systems that ensure accurate alignment with airplane doors, improved interior designs to ease passenger flow, and energy-efficient operations that lessen environmental impact. Furthermore, the integration of smart technologies and IoT (Internet of Things) enables real-time monitoring and maintenance, guaranteeing that PBBs run smoothly and efficiently. These technology advancements are critical to satisfying the changing needs of modern airports and improving operational effectiveness. The aviation sector is putting a greater emphasis on sustainability and environmental responsibility. In response, PBB manufacturers are developing environmentally friendly solutions that include energy-efficient LED lighting, electric or hybrid operation systems, and the use of recyclable materials. These sustainable PBBs contribute to the growing need for green airport operations, assisting airports in reducing their carbon footprint and complying with environmental requirements. By investing in sustainable technologies, airports can improve their environmental credentials while also contributing to global efforts to tackle climate change.

How Do High Initial Investments and the Long-Life Cycle of Existing Bridges Hinder the Growth of the Passenger Boarding Bridge Market?

Passenger boarding bridges, particularly the most recent types with complex technical features, have a substantial upfront cost. These costs include not just the purchase price, but also installation and integration into existing airport infrastructure. For smaller airports with limited funds, these high initial expenditures can be a significant hurdle, causing them to postpone or abandon the acquisition of new boarding bridges. Existing Bridges Have a Long-Life Cycle, passenger boarding bridges are built to last for a long time, often 10 to 20 years, depending on maintenance and usage conditions. Because of its longevity, airports may be hesitant to invest in new bridges unless the existing ones are nearing the end of their useful life or require significant renovations. This prolonged replacement cycle may impede the overall growth of the new passenger boarding bridge industry.

Many airports choose to renovate outdated passenger boarding bridges rather than replace them entirely. This procedure is substantially less expensive than purchasing new bridges and can increase the life of an existing bridge by 10 to 15 years. Refurbishments frequently feature technical advancements and aesthetic enhancements, making them an appealing alternative for budget-conscious airports. Economic downturns and fluctuations can cause a decline in air traffic, reducing airport income. During economic downturns, airports may prioritize necessary maintenance above new infrastructure investment. This reduction in available cash may hinder market growth for passenger boarding bridges, as airports may postpone or reduce their purchasing intentions.

Rise of Alternative Boarding Systems, in some cases, airports may implement alternative boarding systems that are less expensive or better suited to specific requirements. For example, bus boarding is frequently employed for smaller airplanes or in temporary configurations where passenger volumes do not warrant the cost of a boarding bridge. These options may minimize the demand for traditional passenger boarding bridges. The operation and maintenance of passenger boarding bridges necessitates specialized training and experience. A dearth of competent people can pose issues for airports, perhaps causing delays or inefficiencies in the operation and maintenance of these bridges. This skills gap may dissuade airports from investing in newer, more complex boarding bridge systems.

Category-Wise Acumens

How Do Versatility, Cost-Effectiveness, and Flexibility in Movement Drive the Growth of the Passenger Boarding Bridge Segment in the Passenger Boarding Bridge Market?

The Apron Drive Bridges segment is showing substantial growth in the Passenger Boarding Bridge market and is expected to continue its growth throughout the forecast period. Apron drive bridges strike an ideal mix between usefulness and cost. They are intended to support a wide range of aircraft sizes, from small regional jets to big wide-body planes. This versatility makes them suited for a wide range of airports, from tiny regional hubs to major international gateways, allowing them to adapt to changing traffic patterns and operating demands. One of the primary benefits of apron drive bridges is their portability. With a tractor unit, these bridges may travel horizontally across the apron to connect with various aircraft parking spots. This versatility is especially important for airports with limited gate space or that handle a wide range of aircraft sizes and types. It enables maximum gate use and effective apron area management. Apron drive bridges are a proven technology with a long history of dependable operation. Their established track record ensures that airports can rely on steady functioning and simple maintenance requirements. This eliminates the operational hazards and downtime associated with newer, less validated technology, making it a reliable choice for busy airport operations.

Because these bridges are very adjustable, airports can tailor them based on length, height, and other attributes to fit specific operating requirements. Whether an airport handles primarily small aircraft or a mix of smaller and larger jets, apron drive bridges can be scaled and adapted to provide cost-effective solutions that match traffic volume and aircraft specs. In the competitive aviation sector, operational efficiency is critical. Apron drive bridges help to achieve this goal by allowing aircraft to turn around more quickly. Efficient boarding and disembarkation processes save ground time, allowing airlines to meet tight schedules and increasing overall airport throughput. Modern apron drive bridges have evolved to accommodate larger aircraft types such as the Airbus A350 and Boeing 777. This capacity guarantees that they remain a versatile alternative for airports, which must accept a wide range of aircraft sizes as fleets expand and new aircraft models are introduced.

Aprons drive bridges are suitable for both new and existing airports. Their versatility, combined with their cost-effectiveness, makes them an attractive option for many airport construction situations, including as expansions, renovations, and new builds. Manufacturers’ continuous innovation improves the functioning and appeal of apron drive bridges. New features such as intelligent docking systems, which automate the alignment and connecting procedure, and energy-efficient operations, which reduce environmental effect, are being implemented. These innovations improve operational efficiency, lower maintenance costs, and promote sustainability. Because of these characteristics, apron drive bridges now have the biggest market share in the Passenger Boarding Bridge Market. Their dominance is projected to persist, fueled by consistent expansion as airports throughout the world build and modernize their infrastructure to meet rising passenger demand. This expansion is further supported by ongoing technological advancements that make apron drive bridges more efficient and versatile.

How Do Durability, Cost-Effectiveness, and Weather Resistance Contribute to the Growth of the Steel Tunnels Segment in the Passenger Boarding Bridge Market?

The Steel Tunnels segment is significantly leading in the Passenger Boarding Bridge market. Steel is known for its strength and durability, making steel tunnels extremely resistant to wear and tear from regular use. This endurance translates into lower maintenance costs and a longer operational lifespan than glass tunnels, which are more prone to damage. Furthermore, steel is typically less expensive than glass, making it a more cost-effective option for airports. Steel tunnels are an appealing choice for airport operators trying to save money due to their lower initial and maintenance expenses. Steel tunnels offer great protection from adverse weather conditions such as rain, snow, and high winds. This toughness is especially important for airports located in areas with extreme weather. The capacity of steel tunnels to survive such conditions provides passenger safety and comfort, as well as the structure’s durability. Steel is more fire resistant than glass, which is crucial for meeting severe airport safety standards. Steel’s inherent fire-resistant qualities make it an ideal material for passenger boarding bridges, improving the overall safety profile of airport infrastructure.

Steel tunnels can be easily modified in shape and size to meet the individual requirements of an airport and its terminal layout. This adaptability enables the design of bridges that seamlessly interact with existing structures and support a wide range of aircraft types. Furthermore, steel tunnels can be coated in a variety of colors, allowing airports to maintain visual continuity and branding. Steel is a widely available material, allowing for speedier and more efficient manufacturing processes. This availability benefits airports with short project timeframes by allowing for faster construction and installation than glass tunnels, which may have longer lead times due to material scarcity and production complexity. Steel tubes provide a versatile base for future upgrades. Airports can easily integrate updated lighting systems, automatic docking systems, and other technological upgrades into their existing steel constructions. This versatility ensures that steel tunnels stay relevant and functioning as airport requirements and technologies change.

While steel production has a higher initial environmental effect, steel is totally recyclable at the end of its life. This recyclability helps to promote a more sustainable approach to airport infrastructure, which is consistent with the aviation industry’s growing emphasis on environmental responsibility. Airports can lessen their total environmental impact by using recyclable materials such as steel for boarding bridges. Steel tunnels currently have the biggest market share in the Passenger Boarding Bridge Structure sector, owing to the advantages outlined above. While glass tunnels provide a more aesthetically pleasant view, their disadvantages, such as higher cost and shorter lifespan, frequently outweigh their benefits for most airports. Steel is likely to maintain its dominance with consistent growth in the foreseeable years, owing to ongoing airport expansions and modernization projects. Glass-Steel-Walled Bridges strike a balance between beauty and functionality. These hybrid buildings combine the aesthetics of glass with the strength and cost-effectiveness of steel. However, their initial cost may be more than plain steel tunnels. This segment’s growth will most likely be driven by advances in energy-efficient glass technology and the ability to make these hybrids more cost-competitive. As technology advances and costs fall, hybrid options may become more practical for airports wanting both functionality and aesthetic appeal.

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Country/Region-wise Acumens

How Do the Strong Presence of Leading Manufacturers and Mature Aviation Industry in North America Drive the Growth of the Passenger Boarding Bridge Market?

North America is estimated to dominate the Passenger Boarding Bridge market during the forecast period. North America has a strong presence of leading producers of passenger boarding bridges, notably Thyssenkrupp Airport Systems and JBT AeroTech. This concentration of experience and creativity in the region promotes technological and design developments, allowing airports to access the most up-to-date and reliable boarding bridge solutions. North America’s aviation sector is well-established and mature, with a large volume of air travel. Major airports in the region receive millions of passengers each year, resulting in a continuing demand for new and enhanced passenger boarding bridges to accommodate increased traffic and improve operating efficiency. North American airports are leading the way in the adoption of new aviation technologies. This includes incorporating innovative elements like intelligent docking systems, automated alignment mechanisms, and energy-efficient designs into passenger boarding bridges. These technical developments fuel market expansion by enhancing bridge operation, safety, and long-term sustainability.

In North America, governments and airport authorities are often willing to invest significant cash in the construction of airport infrastructure. This includes funding for new terminals, gates, and boarding bridges. Such investments ensure that airports stay modern, efficient, and capable of meeting future passenger demand. Several passenger boarding bridges in North America are nearing the end of their operational life. This involves the replacement of outdated models with newer, more advanced equivalents, which accelerates market growth. The necessity to upgrade outdated infrastructure ensures a steady need for new boarding bridges. Improving the passenger experience is a primary objective for North American airports. Modern passenger boarding bridges, which include features like enhanced passenger flow, climate control, and accessibility, make a substantial contribution toward this goal. Airports strive to provide a seamless and comfortable boarding and disembarkation experience, which fuels demand for enhanced boarding bridge solutions.

North America’s aviation safety standards require the deployment of modern and dependable passenger boarding bridges. Compliance with these rules ensures passenger safety during boarding and disembarkation, making safety aspects an important consideration in the selection of boarding bridges. North America serves as a hub for several major airlines with large fleets. These airlines require airports to provide passenger boarding bridges that are compatible and efficient for their aircraft. The presence of major airlines with strict operating standards increases demand for high-quality boarding bridges. As a result of these reasons, North America currently dominates the Passenger Boarding Bridge market. While growth in North America may moderate when compared to emerging markets, it is anticipated to maintain its supremacy in the next years due to ongoing technological developments and infrastructural expenditures.

How does Rapid Growth in Air Travel and Government Investments in Infrastructure in the Asia Pacific Region Fuel the Rapid Expansion of the Passenger Boarding Bridge Market?

The Asia Pacific region is estimated to exhibit the highest growth within the Passenger Boarding Bridge market during the forecast period. As disposable incomes rise and the middle class expands, the Asia Pacific area is seeing a huge increase in air travel. This increase in passenger traffic needs rapid airport infrastructure development, including the construction of new passenger boarding bridges to meet the growing number of aircraft and passengers. Governments in the Asia Pacific are making significant investments in infrastructure development. This includes airport expansions and new airport construction, which will increase the demand for passenger boarding bridges significantly. These improvements are intended to enhance aviation infrastructure and promote economic growth. Modernization is a top priority for many airports in the Asia Pacific area, as they work to improve facilities and services. This includes the installation of modern passenger boarding bridges with advanced features including automatic docking, energy-efficient construction, and improved passenger facilities.

The expansion of low-cost carriers (LCCs) in the Asia Pacific area is increasing demand for low-cost passenger boarding bridge solutions. LCCs frequently fly at airports with reduced budgets, resulting in increased need for smaller, more cheap bridge types that suit operational requirements. Airports in Asia Pacific are upgrading their capacity to suit growing aviation traffic. Building more terminals and gates necessitates the installation of additional passenger boarding bridges. The expansion efforts are designed to reduce congestion and improve passenger flow. Many Asian Pacific governments place a high priority on improving regional aviation connectivity. The emphasis on developing new airports and expanding existing ones increases demand for passenger boarding bridges. Improved connection promotes economic growth and regional integration.

Rapid urbanization in the Asia Pacific area is driving the construction of new airports in key cities. To meet the growing urban population and air travel demand, these new airports will require a comprehensive infrastructure, including passenger boarding bridges. The Asia-Pacific region is well-known for its quick adoption of new technology. This tendency extends to airport infrastructure, with airports in the region willing to incorporate the most recent developments in passenger boarding bridges. These include clever docking systems, automated features, and energy-saving designs. Due to the factors discussed above, the Asia Pacific region has the most development potential in the Passenger Boarding Bridge Market. This region’s market size is likely to surpass that of North America in the next years, owing to rapid economic expansion, increased air travel, and significant infrastructural investment.

Competitive Landscape

The Passenger Boarding Bridge Market has a competitive landscape that includes both established firms and innovative startups. Thyssenkrupp Airport Systems, JBT AeroTech, and CIMC-Tianda are industry leaders with large product ranges and global reach. Key solutions for meeting demanding safety and efficiency regulations include technical improvements such as automatic docking systems and energy-efficient designs. Regional players are also gaining traction, particularly in emerging areas like Asia Pacific, because to rapid airport expansions and increased air traffic. Collaboration with airports and airlines to create customized solutions remains critical for market differentiation and success.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the passenger boarding bridge market include:

  • Thyssenkrupp AG
  • John Bean Technologies Corporation (JBT)
  • CIMC Tianda Holdings Co., Ltd.
  • FMT Aircraft AB
  • ADELTE Group
  • Mitsubishi Heavy Industries, Ltd.
  • ShinMaywa Industries, Ltd.
  • Vataple Group Ltd.
  • Ameribridge, Inc.
  • The Boeing Company

Passenger Boarding Bridge Market Latest Developments:

Passenger Boarding Bridge Market key Developments

  • In March 2020, Anton Air Support announced its plans to purchase and install three passenger boarding bridges at Landvetter Airport in Sweden. It is also trying to make the mechanical installation of these bridges at the airport.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~11.42% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value (USD Billion)

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product Type
  • Structure
  • Docking Type
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Thyssenkrupp AG (Germany), John Bean Technologies Corp. (JBT) (US), CIMC Ltd. (China), FMT Aircraft AB (Sweden), Mitsubishi Heavy Industries, Ltd. (Japan), ADELTE Group S.L. (Spain), Hubner GmbH & Co. Kg (Germany).

Customization

Report customization along with purchase available upon request

Passenger Boarding Bridge Market, By Category

Product Type:

  • Apron Drive Bridges
  • Mobile Telescopic Bridges
  • T-Bridges
  • Over-the-Wing Bridges
  • Commuter Bridges
  • Nose-Loader Bridges

Structure:

  • Glass Tunnels
  • Steel Tunnels
  • Glass-Steel-Walled

Docking Type:

  • Intelligent Docking
  • Manual Docking

Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Verified Market Research

Research Methodology of VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support

Customization of the Report

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Frequently Asked Questions

Passenger boarding Bridge market was valued at USD 384.22 Million in 2024 and is projected to reach USD 844.96 Million by 2031, growing at a CAGR of 11.42% during the forecast period 2024-2031.

The key driving factors for the growth of the passenger boarding bridge market include increasing air passenger traffic, airport expansions worldwide, and technological advancements in bridge design for enhanced efficiency and passenger experience.

The major players are Thyssenkrupp AG, John Bean Technologies Corporation (JBT), CIMC Tianda Holdings Co., Ltd., FMT Aircraft AB, ADELTE Group, Mitsubishi Heavy Industries, Ltd., ShinMaywa Industries, Ltd., Vataple Group Ltd., Ameribridge, Inc., and The Boeing Company.

The global passenger boarding bridge market is Segmented on the basis of product type, structure, docking type, and geography.

The sample report for the Passenger Boarding Bridge Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Passenger Boarding Bridge Market, By Type
• Movable Passenger Boarding Bridges
• Fixed Passenger Boarding Bridges

5. Passenger Boarding Bridge Market, By Model
• Apron Drive Bridges
• Dual Boarding Bridge Systems
• Commuter Bridges
• Over-the-Wing and Nose-Loader Bridges
• T-Bridge

6. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

7. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

8. Competitive Landscape
• Key Players
• Market Share Analysis

9. Company Profiles
• Thyssenkrupp AG (Germany)
• John Bean Technologies Corp. (JBT) (US)
• CIMC Ltd. (China)
• FMT Aircraft AB (Sweden)
• Mitsubishi Heavy Industries, Ltd. (Japan)
• ShinMaywa Industries Ltd. (Japan)
• ADELTE Group S.L. (Spain)
• Hubner GmbH & Co. Kg (Germany)
• Accessair Systems Inc. (Canada)
• Ameribridge, Inc. (US)
• UBS Airport Systems (Turkey)

10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

11. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Passenger Boarding Bridge Market

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