Global NEWS: Aircraft Line
Maintenance Market is expected to $23.50 Billion by 2023, at a CAGR of 4.10%
from 2018 to 2023
[155 Pages Report] The aircraft
line maintenance market is projected to grow from USD 18.47 Billion in 2017 to
USD 23.50 Billion by 2023, at a CAGR of 4.10% from 2018 to 2023. The objective
of this study is to analyze, define, describe, and forecast the aircraft line
maintenance market based on service, type, aircraft type, technology, and
region. The report also focuses on providing a competitive landscape of the
aircraft line maintenance market by profiling companies based on their
financial positions, product portfolios, and growth strategies. The study also
analyzes the core competencies of companies and their market shares to
anticipate the degree of competition prevailing in the market. This report
tracks and analyzes competitive developments such as contracts, new product
launches, agreements, joint ventures, and partnerships in the aircraft line
maintenance market. The base year considered for this study is 2017 and the
forecast period is from 2018 to 2023.
Click to getting Sample PDF of Report (With Market Research Objective +
Market Segmentation + with Geographical Data, Economic Aspect):
The aircraft line maintenance
market is projected to grow from USD 19.23 Billion in 2018 to USD 23.50 Billion
by 2023, at a CAGR of 4.10% from 2018 to 2023. The growth of the aircraft line
maintenance market across the globe can be attributed to the increasing number
of flights per aircraft, rising number of new aircraft deliveries from OEMs,
and increasing requirement for carrying out repair and maintenance of the
existing aircraft fleets of airlines.
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| Aircraft Line Maintenance Market |
Based on service, the aircraft
line maintenance market has been segmented into component replacement &
rigging service, defect rectification service, engine & APU service,
Aircraft on Ground (AOG) service, and line station setup & management
service. The component replacement & rigging service segment is projected
to lead the aircraft line maintenance market during the forecast period. The
increased demand for component replacement & rigging services by various
airlines for the replacement of their existing legacy aircraft systems is
driving the growth of the component replacement & rigging service segment
of the aircraft line maintenance market. The component replacement &
rigging service segment has been further classified into hydraulic leak
rectification, structural repairs, landing gear replacement & removal,
windshield changes, and avionics repairs.
Based on type, the aircraft line
maintenance market has been segmented into transit checks and routine checks.
The routine checks type segment is projected to grow at a higher CAGR as
compared to the transit checks segment from 2018 to 2023. Routine checks of an
aircraft comprise maintenance pre-flight checks, post-flight checks, service
checks, overnight checks, and weekly checks. When an aircraft completes 155
hours of flight, it goes for fill or change of oils and fluids such as
hydraulic fluid, starter oil, engine oil, and generator drive fluids. As the
number of flights per aircraft is rising, it is projected to lead to an
increased requirement for routine checks of aircraft.
Based on aircraft type, the aircraft
line maintenance market has been segmented into Narrow Body Aircraft (NBA),
Wide Body Aircraft (WBA), Very Large Aircraft (VLA), Regional Aircraft (RA),
and others. The wide body aircraft type segment of the aircraft line
maintenance market is projected to grow at the highest CAGR during the forecast
period. The growth of this segment of the market can be attributed to the
increased the number of deliveries of new wide body aircraft across the globe.
Wide body aircraft are jet carriers with a fuselage, which is sufficiently wide
enough to accommodate two traveler walkways. These aircraft are twin-aisle
aircraft, with at least seven seats abreast. Aircraft series such as A330
series, A350 series, B767 series, B787 series, and B777 series are included under
the wide body aircraft type segment of the aircraft line maintenance market.
Know more about the Global
Market:
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