Global Aircraft Line Maintenance Market: Key Highlights
Global Aircraft Line Maintenance Market: Key Market Dynamics
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Global Aircraft Line Maintenance Market: Regional Overview
Asia-Pacific region is one of the major player for commercial aviation market which will lead to increase the growth of the market. According to the International Trade Administration (ITA), China is one of the world second largest civil aerospace and aviation services market. Also the China government has spent more than USD 90 Billion for the enhancement and development of manufacturing capabilities, boost the domestic maintenance capacity and establish airlines sector.
Hence, these will lead to improve the market demand in the region in the projected period.
The region is witness to increase the demand of the market in the forecast period with adopting of new technology and services in the field of aviation sector. As well as the European Aviation Associations and European Union Aviation Safety Agency (EASA) has increase the safe regulation for the air travel during the COVID-19 pandemic. According to the Air Transport Action Group, in 2016 the region has support of about more than 11 million jobs and more than USD 80 billion in the European economic activity.
Hence, these development and innovation in the airline industries will fuel the growth of the market in the forecast period.
Global Aircraft Line Maintenance Market: Key Players Overview
Delta TechOps provides services for the aircraft engines, auxiliary power units (APU), components and airframes and line maintenance. The company help to provide a rapid response to the grounded aircraft globally. In 2019, the company and Austrian Airlines has signs engine maintenance agreement between the two parties. Whereas the company is one of the largest provider for airlines maintenance and repair in the North America region. Also in 2019, the company has announced a 5 year maintenance service agreement with ORIX Aviation Systems, Ltd which will lead to support CFM56-5B and CFM56-7B aircraft engines.
SIA Engineering Company Ltd is a Singaporean based company which provides aircraft maintenance, repair and overhaul services in the Asia-Pacific region. The company is one of the leading provider of line maintenance services in the Singapore Changi Airport. Moreover, the company line maintenance network services in the United States, Indonesia, Japan, Hong Kong, Philippines and Vietnam. In 2019, the company has signed an agreement for maintenance services with the Safran Aircraft Engines for the modification of CFM LEAP-1A and LEAP-1B engine.
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