The aircraft line maintenance global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aircraft Line Maintenance Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aircraft line maintenance market size has grown strongly in recent years. It will grow from <b>$21.16 billion in 2023 to $22.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the historic period can be attributed to increasing air travel demand, stringent regulatory requirements, globalization of airline operations, outsourcing trends, airline profitability and competition, increasing complexity of aircraft systems.
The aircraft line maintenance market size is expected to see strong growth in the next few years. It will grow to <b>$28.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. </b> The growth in the forecast period can be attributed to growing regional air connectivity, adoption of new aircraft models, focus on aircraft sustainability, government investments in aviation infrastructure, demand for on-wing engine maintenance. Major trends in the forecast period include outsourcing of line maintenance services, adoption of predictive maintenance technologies, advancements in aircraft technology, integration of digital solutions, emphasis on training and skill development.
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Scope Of Aircraft Line Maintenance Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aircraft Line Maintenance Market Overview
Market Drivers –
An increase in passenger air traffic is expected to propel the growth of the aircraft line maintenance market going forward. Air traffic is the organized movement of aeroplanes within a specific space that prevents aircraft from colliding with one another. Aircraft line maintenance helps passenger air traffic by providing hassle-free, dependable, and fleet operations. For instance, in July 2022, according to the International Air Transport Association, a Canada-based trade association of the world’s airlines, total air traffic in May 2022 was up by 83.1% as compared to May 2021. Therefore, the increase in passenger air traffic is driving the growth of the aircraft line maintenance market.
Market Trends –
Technological advancement is the key trend gaining popularity in the aircraft line maintenance market. Major companies operating in the aircraft line maintenance market are introducing new technologies such as the Internet of Things (IoT), AI-based solutions, and increasing demand for cloud-based platforms to facilitate their maintenance and production to sustain their position in the aircraft line maintenance market. For instance, in July 2022, EmpowerMX, a US-based software development company for line maintenance, launched MRO Cloud Exchange, EMX Insights, a cloud-based data exchange platform in partnership with American and Delta Air Lines. The cloud-based software allows complete visibility of all maintenance tasks that the airline must oversee. This product launch has improved fleet utilization and digitized and automated mission-critical maintenance workflows.
The aircraft line maintenance market covered in this report is segmented –
1) By Service: Component Replacement and Rigging Service, Defect Rectification Service, Engine and APU Service, Aircraft on Ground (AOG) Service, Line Station Setup and Management Service
2) By Type: Transit Checks, Routine Checks
3) By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Aircraft, Other Aircraft Types
4) By Technology: Traditional Line Maintenance, Digital Line Maintenance
5) By Application: Commercial Aviation, Military Aviation, Business and General Aviation
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Regional Insights –
North America was the largest region in the aircraft line maintenance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aircraft line maintenance market report during the forecast period. The regions covered in the aircraft line maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the aircraft line maintenance market report are Avia Solutions Group plc, BCT Aviation Maintenance Ltd., British Airways plc, Delta Air Lines Inc., Hong Kong Aircraft Engineering Company Limited., Deutsche Lufthansa AG, Monarch Aircraft Engineering Limited, Nayak Group B.V., SAMCO Aircraft Maintenance B.V., SIA Engineering Company Limited, United Technical Operations Inc., STS Aviation Group Inc., Turkish Airlines, AAR Corp., AMAC Aerospace Switzerland AG, HAECO Group, JET MS UAB, TAP Maintenance & Engineering, Mexicana MRO Services, Air France Industries KLM Engineering & Maintenance, S7 Technics Holding LLC, SR Jet Maintenance India Private Limited, Flybe Aviation Services Limited, Air Arabia Maroc SA, ANA Line Maintenance Technics Co. Ltd., Ethiopian Airlines Group, Air Canada Technical Services Inc., Aero Norway AS, KLM UK Engineering Limited, MNG Technic, Atlas Air Service AG, Magnetic MRO AS
Table of Contents
1. Executive Summary
2. Aircraft Line Maintenance Market Characteristics
3. Aircraft Line Maintenance Market Trends And Strategies
4. Aircraft Line Maintenance Market – Macro Economic Scenario
5. Global Aircraft Line Maintenance Market Size and Growth
…
31. Global Aircraft Line Maintenance Market Competitive Benchmarking
32. Global Aircraft Line Maintenance Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aircraft Line Maintenance Market
34. Aircraft Line Maintenance Market Future Outlook and Potential Analysis
35. Appendix
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