Aircraft Line Maintenance Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aircraft Line Maintenance Market
The aircraft line maintenance market size was valued at USD 18.34 billion in 2021, and the market is now projected to grow from USD 19.30 billion in 2022 to USD 28.73 billion by 2029, exhibiting a CAGR of 5.8% during the forecast period of 2022-2029.
The World Health Organization (WHO) worldwide stated the COVID-19 occurrence a pandemic. Later then, daily life and dealings across the globe has changed. Air transport and aviation industry were severely affected due to the pandemic since the very start of the disaster started. The overall decline in airline business led to a deep deterioration in aircraft line upkeep facilities.
The upsurge in passenger loads universally is one of the key opportunities for airline service providers and aircraft makers. The idea of low-cost transporters and budget airlines is one of the key features responsible for the extension of this market. Budget airlines offer fares to passengers at a reasonable rate which has managed to an upsurge in air traffic globally. This will aid the aircraft line maintenance market growth during the prediction period.
The aviation industry is observing substantial development in developing progressive technologies and using them while performing numerous maintenance happenings. Airlines, engine manufacturers, MRO service providers, and airlines are profound to finance in these types of progressive technologies to enable their maintenance and production. GE Digital will bring its advanced forecasting software and detailed engineering knowledge of aerospace systems incorporated with Airbus cloud-based data platform and Delta-based performance and upkeep models.
Comprehensive Analysis of Aircraft Line Maintenance Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by aircraft type, by platform and by service. Based on type, the market is segmented into transit checks and routine checks. Based on aircraft type, the market is segmented into commercial aircraft and military aircraft. Based on the platform, the market is bifurcated into traditional line maintenance and digital line maintenance. Based on service, the market is segmented into engine and APU service, component replacement and rigging services, aircraft on ground (AOG) service, and others.
North America region is dominating the aircraft line maintenance market share due to augmented fleet size and high security budget. Additionally, the area has huge numbers of airports and airfields that generate the demand for aircraft line upkeep.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include ANA Line Maintenance Technics Co., Ltd. (Japan), Ameco (China), BCT Aviation Maintenance Ltd ( U.K.), Monarch Aircraft Engineering Ltd (Germany), STS Aviation Group, Inc. (U.S.), United Airlines, Inc. ( U.S), Nayak Aero (Germany), Delta TechOps ( U.S.), Hong Kong Aircraft Engineering Company Limited (China) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In November 2021, Slovenia's aircraft upkeep company Adria Tehnika declared that it had contracted a new five year agreement with EasyJet a low-cost air carrier. The agreement will cover the technical upkeep requirements of EasyJet’s aircraft at Ljubljana Airport, covering airframe and constituent care, and line care.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD billion)
Segmentation By Type
Transit Checks
Routine Checks
By Aircraft Type
Commercial
Narrow Body
Wide Body
Regional Jets
Freight
Military
By Platform
Traditional Line Maintenance
Digital Line Maintenance
By Service
Engine and APU Service
Component Replacement and Rigging Services
Aircraft On Ground Service
Others
By Geography
North America (Type, Aircraft Type, Platform, Service and Country)
U.S. (By Aircraft Type)
Canada (By Aircraft Type)
Europe (Type, Aircraft Type, Platform, Service and Country)
U.K. (By Aircraft Type)
Germany (By Aircraft Type)
France (By Aircraft Type)
Russia (By Aircraft Type)
Rest of Europe (By Aircraft Type)
Asia Pacific (Type, Aircraft Type, Platform, Service and Country)
Japan (By Aircraft Type)
China (By Aircraft Type)
India (By Aircraft Type)
Australia (By Aircraft Type)
Rest of Asia Pacific (By Aircraft Type)
Rest of the World (Type, Aircraft Type, Platform, Service and Country)
Latin America (By Aircraft Type)
The Middle East & Africa (By Aircraft Type)
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