Global Aircraft Line Maintenance Market was valued US$19.26 Bn in 2018 and is expected to reach US$XX Bn by 2026 at a CAGR of about XX % during a forecast.
Global Aircraft Line Maintenance Market
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Aircraft line maintenance is the repair, inspection or modification of an aircraft. Inspection of an aircraft is done by predetermined schedules. Line and base maintenance are the ways which help in inspection of aircraft where base maintenance includes activities which require aircraft to be taken out of service for more prolonged periods whereas line maintenance activities are mostly carried out during the ongoing service of the aircraft. Outsourcing of line maintenances services and technological advancement are the future trends for aircraft line maintenance market.
Driving factors of aircraft line maintenance market are increasing commercial aircrafts production, increasingly interconnected network of air traffic globally and domestically, growing IT expenditure among emerging nations and technological advancements for advanced analytical systems. The rise in air travel across the globe, growing international trade between countries, increases in the number of airport connections within the respective countries and rise in use of aircraft in military applications will boost the market for aircraft line maintenance market. Global economic uncertainty and Huge Capital Investments can hamper the growth of aircraft line maintenance market.
Global Aircraft Line Maintenance Market is segmented into by service, by type, by aircraft type, by technology and by region. Based on service, aircraft line maintenance market is segmented into Component Replacement & Rigging Service, Defect Rectification Service, Engine & APU Service, Aircraft on Ground (AOG) Service and Line Station Setup & Management Service. The type segment is sub segmented into Transit Checks & Routine Checks. The aircraft type is sub segmented into Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Aircraft & Others. The technology segment is segmented into Traditional Line Maintenance & Digital Line Maintenance. Geographically, market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
In terms of Aircraft Type, Narrow Body Aircraft segment shares the XX% market during the forecast period. Narrow body market is still the largest market for airplanes. Narrow body planes are used for short to medium haul routes and have traditionally favorite of low-cost airlines.
In terms of type, Routine Checks are projected to grow at fastest rate during the forecast period. Routine checks ensure through maintenance activity, that the inherent safety and reliability imparted to an aircraft by its design.
Among region, Asia Pacific region is expected to grow at the XX% CAGR during the forecast period. Emerging economics, tremendous increase in passenger’s traffic and flight hours, increased flight frequency along with rising preference of air travel are the factors responsible for the growth of this region. The rapid changes in regulations to make aviation more advancing on the technology front and rise in disposal income can lead to better market expansion in aircraft line maintenance market in the region.
Scope of the Global Aircraft Line Maintenance Market: Inquire before buying
Global Aircraft Line Maintenance Market: By Service
• Component Replacement & Rigging Service
• Defect Rectification Service
• Engine & APU Service
• Aircraft on Ground (AOG) Service
• Line Station Setup & Management Service
Global Aircraft Line Maintenance Market: By Type
• Transit Checks
• Routine Checks
Global Aircraft Line Maintenance Market: By Aircraft Type
• Narrow Body Aircraft
• Wide Body Aircraft
• Very Large Aircraft
• Regional Aircraft
• Others
Global Aircraft Line Maintenance Market: By Technology
• Traditional Line Maintenance
• Digital Line Maintenance
Global Aircraft Line Maintenance Market: By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player analysed in Global Aircraft Line Maintenance Market:
• BAE Systems, Inc.
• Honeywell International, Inc.
• MOOG, Inc.
• Rockwell Collins, Inc.
• Safran Electronics & Defense
• UTC Aerospace Systems
• Parker Hannifin India Pvt. Ltd.
• Nabtesco Corporation
• Liebherr-Aerospace Lindenberg GmbH
• Weststar Aviation Services
• Mecaer Aviation Group
• SAAB AB
• Safran S.A.
• UNITED TECHNOLOGIES
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