USD 20.2 billion
Report ID:
SQSG20R2004 |
Region:
Global |
Published Date: February, 2024
Pages:
278
|Tables:
93
|Figures:
75
Aircraft Line Maintenance Market size was valued at USD 19.3 Billion in 2023 and is poised to grow from USD 20.42 Billion in 2024 to USD 30.4 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
Replacement, defect correction, examination, overhaul, the implementation of upgrades, compliance with airworthiness directives, and repair are all operations that must be performed to ensure the continued functioning of an aircraft part or an entire aircraft. To maintain appropriate and safe operations during flying, aircraft maintenance is subject to strict regulations. To control maintenance activities, personnel, and inspection systems, national aviation authorities must put International Civil Aviation Organization standards into practice. An aircraft's lifespan can be significantly increased through proper maintenance.
Increased attention to the use of aircraft maintenance services has been brought on by an increase in the number of aviation accidents. In turn, this is projected to fuel the global market for aircraft maintenance. Additional factors that are expected to fuel the market's growth include fast urbanization, significant R&D in the aviation sector, an increase in terminal construction in developing countries, and the adoption of strict government regulations on passenger comfort.
US Aircraft Line Maintenance Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 20.2 billion
Largest Segment
Routine Check
Fastest Growth
Routine Check
Growth Rate
5.3% CAGR
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Global Aircraft Line Maintenance Market is segmented by service type, aircraft type, technology, platform and region. Based on service type, the market is segmented into component replacement & rigging service, engine & APU service, line station setup & management and aircraft on ground (AOG) service. Based on aircraft type, the market is segmented into narrow body aircraft, wide body aircraft, very large aircraft and regional aircraft. Based on technology, the market is segmented into traditional line maintenance and digital line maintenance. Based on platform, the market is segmented into commercial aviation, military aviation and business & general aviation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Aircraft Line Maintenance Market Analysis by Type
In 2021, the routine check segment held the largest share of the global aircraft line maintenance market. In upcoming years, it is predicted that the routine check sector will expand at a faster rate than the transit check sector. Service checks, night inspections, pre-flight, post-flight, and regular inspections are the main types of routine inspections. Oil or other fluids, such as hydraulic fluid, engine oil, start oil, and generator drive fluid, must be changed in the aircraft after 155 hours of flight time. During the projected timeframe, the market for aircraft will surely result in a requirement for routine inspection services due to a rise in passenger load, air traffic, and more flight routes.
Aircraft Line Maintenance Market Analysis by Service
The component replacement & rigging service sector accounted for the largest market share and is expected to dominate the aircraft line maintenance market in the forthcoming years. The expansion of the component replacement & rigging service sector of the aircraft line maintenance market is being driven by the rising requirement from different airlines for these services as they upgrade their existing legacy aircraft systems. The component replacement and rigging service category has been further broken down into the following subcategories: structural repairs, replacement and removal of landing gear, windscreen replacements, and avionics repairs.
Aircraft Line Maintenance Market Analysis by Aircraft Type
The aircraft line maintenance market is expected to develop at the fastest rate throughout the projected timeline for the wide-body aircraft type sector. The growing delivery of new wide-body aircraft around the world is responsible for the expansion of this market sector. Wide body aircraft are essentially jet carriers with a fuselage that is large enough to hold two passenger walkways. These are twin-aisle airplanes with at least 7 seats in front of each other. The wide-body aircraft type section of the aircraft line maintenance market includes aircraft series such as the A330, A350, B767, B787, and B777 series.
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In 2021, North America accounted for the largest market share and in the forecast years, we will see significant expansion in this region's aircraft line maintenance market, in large part because of the presence of well-established firms in the US. Enterprises like American Airlines and Delta have increased their investments in the aircraft industry. Additionally, the expansion of the fleet size can portend well for the future of the sector.
Over the upcoming years, the Asia Pacific aircraft line maintenance market is expected to expand significantly. The increase in regional aircraft manufacturing and the growing number of new aircraft delivered might be linked to the expansion of the Asia Pacific aircraft line maintenance industry. The Asia Pacific line maintenance market is predicted to rise over the course of the projected period due to the area's rising need for MRO services. The core businesses in this region for aircraft line repair are from China, India, and Japan.
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Aircraft Line Maintenance Market Driver
Aircraft Line Maintenance Market Restraint
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Many businesses are putting an emphasis on organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions, partnerships, and collaborations are examples of business expansion tactics that were observed in the market. These actions have made it possible for market participants to increase their clientele and revenue. With the increasing need for aircraft line maintenance in the global market, market participants in the aviation line maintenance industry can expect profitable growth possibilities in the coming years. For instance, in June 2021, Ramco Systems revealed that it would digitally revolutionize Bristow Group's maintenance and engineering operations by using its Aviation M&E MRO Software V5.8.
Top Players in the Global Aircraft Line Maintenance Market
Aircraft Line Maintenance Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the routine check segment accounted for the biggest market share for aircraft line maintenance in 2021. The sector providing a component replacement and rigging services had the biggest market share and was predicted to rule the aircraft line maintenance industry in the years to come. Throughout the expected time frame for the wide-body aircraft type sector, the market for aircraft line maintenance is expected to grow at the quickest rate. North America had the largest share in the global aircraft line maintenance market in 2021, and in the years ahead, we expect the market to grow significantly.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 20.2 billion |
Market size value in 2031 | USD 32.15 billion |
Growth Rate | 5.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aircraft Line Maintenance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Line Maintenance Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Line Maintenance Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Line Maintenance Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG20R2004
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