Global Aircraft Line Maintenance Market

Aircraft Line Maintenance Market Size, Share, Growth Analysis, By Type(Transit Checks, Routine Checks), By Service(Component Replacement & Rigging Service, Defect Rectification Service, Engine & APU Service, Aircraft On Ground (AOG) Service), By Aircraft Type(Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Very Large Aircraft (VLA), Regional Aircraft (RA)), By Region - Industry Forecast 2024-2031


Report ID: SQSG20R2004 | Region: Global | Published Date: February, 2024
Pages: 278 | Tables: 93 | Figures: 75

Aircraft Line Maintenance Market Competitive Landscape

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

  • Lufthansa Technik AG
  • AAR Corp.
  • SR Technics
  • STS Aviation Group
  • British Airways Engineering
  • Hong Kong Aircraft Engineering Company Limited (HAECO)
  • Airbus Services
  • United Technical Operations (UTO)
  • Air France Industries KLM Engineering & Maintenance (AFI KLM E&M)
  • Jet Aviation
  • MTU Maintenance
  • Ameco Beijing
  • GE Aviation
  • TAP Maintenance & Engineering
  • GKN Aerospace
  • Turkish Technic
  • FL Technics
  • Embraer Services & Support
  • SIA Engineering Company (SIAEC)

Aircraft Line Maintenance Market Recent Development

  • In July 2022, the third aircraft repair hangar at Katowice Airport, which was recently built, has begun offering services. Two tasks made up the expansion of the Katowice Airport's base for aircraft maintenance. The first project involved building a brand-new, 6.4 ha aircraft apron with nine stands for medium-range, or C-Code, aircraft that are the size of the Airbus A320 or Boeing 737. The third hangar's construction was a part of the second phase.
  • In November 2021, low-cost airline Easyjet and Slovenia's Adria Tehnika, which maintains aircraft, have agreed to a new five-year contract. The agreement will cover all necessary technical maintenance for EasyJet's aircraft at Ljubljana Airport, including line maintenance as well as airframe and component repair.
  • In November 2021, at the two international airports in Dubai and Sharjah, line maintenance services will be made available to airlines by National Aviation Services (NAS) and Global Jet Technic (GJT). According to the partnership agreement, NAS will offer complete line maintenance services in accordance with the certification of the European Union Aviation Safety Agency (EASA).
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FAQs

Aircraft Line Maintenance Market size was valued at USD 18.34 billion in 2019 and is poised to grow from USD 19.3 billion in 2023 to USD 28.73 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

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 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. 'Lufthansa Technik AG', 'AAR Corp.', 'SR Technics', 'STS Aviation Group', 'British Airways Engineering', 'Hong Kong Aircraft Engineering Company Limited (HAECO)', 'Airbus Services', 'United Technical Operations (UTO)', 'Air France Industries KLM Engineering & Maintenance (AFI KLM E&M)', 'Jet Aviation', 'MTU Maintenance', 'Ameco Beijing', 'GE Aviation', 'TAP Maintenance & Engineering', 'GKN Aerospace', 'Turkish Technic', 'FL Technics', 'Embraer Services & Support', 'SIA Engineering Company (SIAEC)'

During the forecast years, it is expected that increased demand for aviation maintenance would propel the worldwide aircraft line maintenance market. This is due to the need to maintain aircraft's optimal performance and adhere to strict regulatory standards.

The aviation sector is making tremendous strides in the creation of cutting-edge technology and the application of those technologies throughout various maintenance tasks. To simplify their maintenance and manufacturing, airlines, engine manufacturers, MRO service providers, and airlines are eager to invest in these types of cutting-edge technologies. For example, the application of artificial intelligence in aircraft maintenance has reduced maintenance errors. Prior to the discovery of any issue, Al can forecast airplane repair failure. Organizations' increasing use of intelligent Al-based solutions will promote market expansion.

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.

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Global Aircraft Line Maintenance Market

Report ID: SQSG20R2004

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