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The global aircraft line maintenance market size is estimated to grow from USD 19.30 billion in 2022 to USD 28.73 billion by 2029. The emergence of advanced technologies will augur well for the business outlook. Leading companies are likely to streamline passenger air traffic service. According to the latest research report by Fortune Business Insights™ titled, “Aircraft Line Maintenance Market Size, Share & COVID-19 Impact Analysis, By Type (Transit Checks, and Routine Checks), By Aircraft Type (Commercial, Military), By Platform (Traditional Line Maintenance, Digital Line Maintenance), By Service (Engine and APU Service, Component Replacement and Rigging Services, Aircraft On Ground Service, and Others) and Regional Forecasts, 2022-2029,” the market stood at USD 18.34 billion in 2021. It is anticipated to depict a CAGR of 5.8% during the forecast period.
Reduction of Air Passengers amidst the COVID-19 Pandemic to Challenge Stakeholders
Leading companies are likely to grapple with the prevailing challenges of the pandemic that has had a telling impact on the aviation industry. A notable reduction of air passengers did not bode well for the business outlook. Meanwhile, airline companies upped focus on transporting medical equipment. Estimates suggest around 46,400 special cargo flights transported 1.5 million tons of cargo, mostly medical equipment, to streamline the supply chain.
GE Digital Inked deal with Airbus and Delta TechOps to Tap Markets
At the time when leading companies are gearing to expand their portfolios, GE Digital, in July 2021, inked a contract with Airbus and Delta TechOps in Digital Alliance. GE Digital claims it will help boost diagnostic solutions and fleet health monitoring. These companies are gearing to foster network efficiencies, cost savings and fleet availability to 140 commercial aviation operators globally. For the record, GE Digital states it brings the best-in-class predictive analytics software and extensive aerospace systems engineering expertise to Delta’s operational & maintenance-related predictive models and Airbus’ Skywise cloud-based open data platform.
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Outsourcing Trend to Boost Growth Potentials
Stakeholders anticipate outsourcing to be highly sought-after amidst rising competition across emerging and advanced economies. The strategic approach could foster aircraft line maintenance market growth during the forecast period. Well-established players are likely to bank on rising passenger air traffic and explore opportunities in low-cost carriers. Meanwhile, a potential delay in aircraft deliveries against the backdrop of COVID-19-induced disruptions is likely to dent the industry outlook. So much so that cancellation of orders became pronounced globally.
Leading Companies to Emphasize Organic and Inorganic Strategies to Bolster Market Positions
Aircraft line maintenance market share will witness an appreciable gain following the strategic approaches from industry participants. Prominent companies are poised to inject funds into product launches, geographical expansion, R&D activities, technological advancements and mergers & acquisitions.
List of the Companies Profiled in the Global Market
Further Report Findings
Table of Segmentation
Value (USD billion)
By Aircraft Type