AIRCRAFT LINE MAINTENANCE MARKET TO REACH USD 27.9 BILLION BY 2027 | CAGR 3.9% – FORENCIS RESEARCH

Aircraft Line Maintenance MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Aircraft Line Maintenance Market: Key Highlights

  • According to the new market research report Aircraft Line Maintenance Market by Type (Transit Checks, Routine Checks), by Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business and General Aviation and Others), by Platform (Digital Line Maintenance and Traditional Line Maintenance.), by Services (Engine and APU Service, Component Replacement and Rigging Services, Aircraft on Ground Service and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Aircraft Line Maintenance Market is estimated to reach USD 27.9 Billion by 2027 at a CAGR of around 3.9% during the review period.
  • The air maintenance is the performance to make sure the aircraft or aircraft part airworthiness for the replacement, defect rectification, inspection and modifications
  • Moreover, it help to boost the security features by detecting the engine failure of the aircraft which is a key factor to increase the demand of the market in the forecast period.

Aircraft Line Maintenance Market

Global Aircraft Line Maintenance Market: Key Market Dynamics

  • The adoption of artificial intelligence and internet of things will lead to improve the demand of the market in the forecast period. The IoT will help the system to identify the accurate defects in the appropriate time with its great efficiency and ability for the aircraft.
  • The one of the major concern issue for the aircraft line maintenance market is the cyber security which may lead to hinder the growth of the market.
  • The AI based application support the military engineers to project the exact maintenance and the required equipment. These advancement in the aircraft with the new technologies may lead to enhance the growth of the market in the forecast periods.
  • Rising advancement in new aircraft play a significant role in the growth of the aircraft line maintenance market in the forecast period.

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Global Aircraft Line Maintenance Market: Regional Overview

  • Asia-Pacific:

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.

  • Europe

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:

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:

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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Rep Id : AnD 074

Published : 2020-07-27