Aircraft Refurbishing Market size was valued at US$ 7.32 Bn. in 2022 and the total revenue is expected to grow at 5.1 % through 2023 to 2029, reaching nearly US$ 10.37 Bn.
Aircraft Refurbishing Market Overview:
The purpose of this study is to provide an in-depth analysis of the Aircraft Refurbishing Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Aircraft Refurbishing industry. The study also provides a thorough examination of the market’s value chain.
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Aircraft Refurbishing Market Scope:
The research method used to assess and forecast the Aircraft Refurbishing market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Aircraft Refurbishing market.
Aircraft Refurbishing Market Drivers:
An increase in expenditure on maintaining aircraft has resulted in a rise in outsourcing aircraft-related maintenance and refurbishing work. The rising preference for giving refurbishing work to a third party by aircraft manufacturing and operating firms present in the developed nations has propelled the demand for Aircraft Refurbishing in recent years.
Aircraft Refurbishing differs from aircraft maintenance and handles avionics assembly along with improving the visual appearance of the aircraft. The guidelines by the International Civil Aviation Organization states that a thorough check must be done of aircraft assembly before every journey and should go under thorough safety standard inspection once every month. The constant need for repair work in the interior and exterior of the aircraft and the demand to cover that work with a visually soothing artwork has resulted in a rise in demand for Aircraft Refurbishing by the global civil aviation industry.
A report by Inmarsat published in March 2018 states that 6 out of every 10 frequent flyers look at the internet as a basic need rather than a luxury. This report has resulted in a rising demand for connected aircraft and for updating existing technology by the aviation firms. An increase in demand for installing new technology in avionics and rising demand for improving the visual structure of aircraft has resulted in a growth in demand for Aircraft Refurbishing.
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Aircraft Refurbishing Market Segmentation:
by Aircraft Type
Wide-body Aircraft
Narrow-body Aircraft
by Service Type
Interior Refurbishing
Exterior Refurbishing
by Refurbishing Type
Passenger-to-Freighter
Avionics
Connectivity System
Modular Aircraft Cabin
Freight Section Development
VIP Cabin Development
Others
by Fitting Type
Passenger Seats
IFEC and Lightings
Retrofit
by End User
Government
Commercial
Aircraft Refurbishing Market Key Players: The key players are
1. Executive Aircraft Interiors
2. InTech Aerospace
3. Winch Design
4. Airjet Designs
5. Alberto Pinto
6. Andrew Winch Designs
7. ARGENT
8. AAR
9. Ascent Aviation Services
10. JCB Aero
11. COMLUX
12. Sia Engineering Company
13. Greenpoint Technologies
14. International Jet Interiors
15. Jean-Louis Deniot
16. Jet Aviation
17. LINLEY
18.Terence Disdale Designs
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Aircraft Refurbishing Market Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
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COVID-19 Impact Analysis on Aircraft Refurbishing Market: The report also includes the detailed impact of COVID-19 on the Aircraft Refurbishing market.
Key Questions Answered in the Aircraft Refurbishing Market Report are:
- Which segment had the largest share in the Aircraft Refurbishing market?
- How is the competitive scenario of the Aircraft Refurbishing market in 2020?
- Which are the key drivers impacting the Aircraft Refurbishing market growth?
- Which region holds the maximum share in the Aircraft Refurbishing market?
- What will be the CAGR of the Aircraft Refurbishing market during the forecast period (2021-2027)?
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