Aircraft Line Maintenance Global Market Report 2024

Aircraft Line Maintenance Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aircraft line maintenance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aircraft line maintenance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aircraft line maintenance market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Service: Component Replacement and Rigging Service; Defect Rectification Service; Engine and APU Service; Aircraft on Ground (AOG) Service; Line Station Setup and Management Service
• 2) By Type: Transit Checks; Routine Checks
• 3) By Aircraft Type: Narrow Body Aircraft; Wide Body Aircraft; Very Large Aircraft; Regional Aircraft; Other Aircraft Types
• 4) By Technology: Traditional Line Maintenance; Digital Line Maintenance
• 5) By Application: Commercial Aviation; Military Aviation; Business and General Aviation
• Companies Mentioned: Avia Solutions Group PLC; BCT Aviation Maintenance Ltd.; British Airways PLC; Delta Air Lines Inc.; Hong Kong Aircraft Engineering Company Limited.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Aircraft line maintenance involves the repair, inspection, or modification of an aircraft, with the primary goal of assessing and rectifying any defects while ensuring the aircraft remains in serviceable and airworthy condition.

The key services provided by aircraft line maintenance include component replacement and rigging service, defect rectification service, engine and APU (Auxiliary Power Unit) service, aircraft on ground (AOG) service, and line station setup and management service. Component replacement and rigging service focus on adjusting and ensuring the proper functioning of movable flight controls attached to major aircraft surfaces like wings, vertical stabilizers, and horizontal stabilizers. This encompasses transit checks and routine checks, applicable to various aircraft types such as narrow-body, wide-body, very large aircraft, regional aircraft, and others. The technologies involved in aircraft line maintenance include both traditional methods and digital approaches, applied across commercial aviation, military aviation, business aviation, and general aviation.

The aircraft line maintenance market research report is one of a series of new reports from The Business Research Company that provides aircraft line maintenance market statistics, including aircraft line maintenance industry global market size, regional shares, competitors with an aircraft line maintenance market share, detailed aircraft line maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft line maintenance industry. This aircraft line maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft line maintenance market size has grown strongly in recent years. It will grow from $21.16 billion in 2023 to $22.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth observed in the historical period can be attributed to the rising demand for air travel, stringent regulatory requirements, the globalization of airline operations, outsourcing trends, the profitability and competition within the airline industry, and the increasing complexity of aircraft systems.

The aircraft line maintenance market size is expected to see strong growth in the next few years. It will grow to $28.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be attributed to the increasing emphasis on growing regional air connectivity, the adoption of new aircraft models, a focus on aircraft sustainability, government investments in aviation infrastructure, and the demand for on-wing engine maintenance. Key trends expected in the forecast period include the outsourcing of line maintenance services, the adoption of predictive maintenance technologies, advancements in aircraft technology, the integration of digital solutions, and a heightened emphasis on training and skill development within the aviation sector.

The anticipated rise in passenger air traffic is poised to drive the expansion of the aircraft line maintenance market in the foreseeable future. Air traffic denotes the organized movement of aircraft within designated airspace to ensure their safe navigation and avoid potential collisions. Aircraft line maintenance significantly contributes to the efficiency, reliability, and seamless operations of passenger air traffic. For instance, data reported in July 2022 by the International Air Transport Association (IATA), a Canada-based global airline trade association, showcased an 83.1% surge in total air traffic in May 2022 compared to the corresponding period in May 2021. Thus, the escalating passenger air traffic is a primary driver fostering growth in the aircraft line maintenance market.

The upsurge in military expenditure is anticipated to be a driving force behind the expansion of the aircraft line maintenance market. Military expenditure, encompassing financial allocations for defense purposes by a nation, plays a crucial role in aircraft line maintenance within military aviation operations. This maintenance is instrumental in upholding safety, readiness, and cost-efficiency, ensuring constant preparedness of military aircraft for missions and maintaining optimal operational levels vital for military efficacy. For instance, April 2023 data from SIPRI (Stockholm International Peace Research Institute) revealed a 3.7% real-term increase, reaching a record $2240 billion in total global military spending for 2022. This substantial increment, including China's continuous annual rise in military budget, underscores the influential role of increasing military expenditure in propelling the aircraft line maintenance market.

Technological advancements emerge as a prominent trend driving growth in the aircraft line maintenance market. Leading entities in this market are leveraging innovative technologies like the Internet of Things (IoT), AI-driven solutions, and the growing adoption of cloud-based platforms to streamline their maintenance and production processes, fortifying their position in the aircraft line maintenance landscape. For instance, EmpowerMX, a US-based software development company specializing in line maintenance, launched the MRO Cloud Exchange, EMX Insights-a cloud-based data exchange platform-in collaboration with American and Delta Air Lines in July 2022. This cloud-based software enables comprehensive visibility into all maintenance tasks that airlines must oversee, enhancing fleet utilization and automating critical maintenance workflows, thereby achieving digitization of essential maintenance processes.

Major players in the aircraft line maintenance market are prioritizing innovative solutions, notably satellite-based aircraft maintenance tracking, to bolster their market presence and drive revenue growth. Satellite-based aircraft maintenance tracking entails employing satellite-transmitted data to monitor and manage aircraft maintenance and operational statuses within the aviation sector. For example, in November 2022, Cirium, a UK-based provider of data and analytics services for the aviation and travel industries, introduced satellite-based aircraft maintenance tracking systems. This technology proves invaluable in identifying aircraft transitions and devising maintenance distribution plans, enabling operators and owners to track crucial maintenance activities like paint changes or scheduled maintenance events.

In a strategic move, FEAM Aero, a US-based aircraft maintenance specialist in line maintenance, along with Northern Aerotech Group Inc., a Canada-based MRO service provider for aircraft, jointly acquired SR Technics Group for an undisclosed sum in June 2023. This acquisition solidifies the commitment of Northern Aerotech and FEAM Aero to excellence in people, quality, and safety, aiming to position themselves as industry frontrunners in aircraft line maintenance and support services. This business expansion strategy entails significant growth plans, including the establishment of a notable presence in Madrid. SR Technics Group, headquartered in Switzerland, specializes in providing maintenance, repair, and overhaul (MRO) services for both aircraft and components.

Major companies operating in the aircraft line maintenance market report are Avia Solutions Group PLC, BCT Aviation Maintenance Ltd., British Airways PLC, Delta Air Lines Inc., Hong Kong Aircraft Engineering Company Limited., Deutsche Lufthansa AG, Monarch Aircraft Engineering Limited, Nayak Group B.V., SAMCO Aircraft Maintenance B.V., SIA Engineering Company Limited, United Technical Operations Inc., STS Aviation Group Inc., Turkish Airlines, AAR Corp., AMAC Aerospace Switzerland AG, HAECO Group, JET MS UAB, TAP Maintenance & Engineering, Mexicana MRO Services, Air France Industries KLM Engineering & Maintenance, S7 Technics Holding LLC, SR Jet Maintenance India Private Limited, Flybe Aviation Services Limited, Air Arabia Maroc SA, ANA Line Maintenance Technics Co. Ltd., Ethiopian Airlines Group, Air Canada Technical Services Inc., Aero Norway AS, KLM UK Engineering Limited, MNG Technic, Atlas Air Service AG, Magnetic MRO AS

North America was the largest region in the aircraft line maintenance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aircraft line maintenance market report during the forecast period. The regions covered in the aircraft line maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the aircraft line maintenance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aircraft line maintenance market includes revenues earned by entities by providing services such as pre-flight checks, daily checks (before first flight) fluids, failure rectification, scheduled maintenance tasks. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.