Market News: 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 report "Aircraft Line Maintenance Market by Service (Component Replacement
& Rigging, Defect Rectification, Engine & APU, Aircraft on Ground),
Type (Transit Checks, Routine Checks), Aircraft Type (NBA, WBA, VLA), Region -
Global Forecast to 2023",. The growth of the aircraft line maintenance
market can be attributed to the increasing number of flights per aircraft and
expanding aircraft fleet size of various airlines.
Browse 98 market data Tables and 33 Figures spread through 155 Pages and
in-depth TOC on "Aircraft Line Maintenance Market - Global Forecast to
2023"
Press Release
The component replacement &
rigging service segment is projected to lead the aircraft line maintenance market
during the forecast period.
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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 expected 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 systems in aircraft 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.
The routine checks type segment of the aircraft line maintenance market
is projected to grow at a higher CAGR than the transit checks segment from 2018
to 2023.
Based on type, the aircraft line
maintenance market has been segmented into transit checks and routine checks.
The routine checks type segment of the aircraft line maintenance market is
projected to grow at a higher CAGR than the transit checks type 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.
The Asia Pacific region is projected to lead the aircraft line
maintenance market during the forecast period.
The Asia Pacific region is estimated
to account for the largest share of the aircraft line maintenance market in
2018. China is projected to lead the Asia Pacific aircraft line maintenance
market during the forecast period. The growth of the China aircraft line
maintenance market can be attributed to the increased deliveries of new
commercial aircraft in the country and presence of maintenance and repair
facilities of several key providers of aircraft line maintenance services that
include AMECO (China) and HAECO (Hong Kong), among others, in China.
The key players operating in the aircraft line maintenance market include
AMECO (China), ANA Line Maintenance Technics (Japan), Avia Solutions Group
(Lithuania), BCT Aviation Maintenance (UK), British Airways (UK), Delta TechOps
(US), HAECO (Hong Kong), Lufthansa Technik (Germany), Monarch Aircraft
Engineering (UK), Nayak Group (Germany), SAMCO Aircraft Maintenance
(Netherlands), SIA Engineering (Singapore), STS Aviation Group (US),Turkish
Technic (Turkey), and United Technical Operations (US), among others. These companies are focused on the
adoption of various growth strategies to enhance their presence in emerging
economies across the globe.
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