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Aircraft Line Maintenance Market to Depict 5.8% CAGR from 2022 to 2029; Direct Maintenance to Restart Line Maintenance Activities in Africa

March 30, 2022 | Aerospace & Defense

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.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/aircraft-line-maintenance-market-102864


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.


Industry Development



  • November 2021: Direct Maintenance, a certified line maintenance service provider, announced the restart of their line maintenance activities in Africa with the recent re-opening of the line maintenance station in Kilimanjaro International Airport in Tanzania.


List of the Companies Profiled in the Global Market



  • ANA Line Maintenance Technics Co., Ltd. (Japan)

  • Ameco (China)

  • BCT Aviation Maintenance Ltd ( U.K.)

  • Monarch Aircraft Engineering Ltd (Germany)

  • STS Aviation Group, Inc. (U.S.)

  • United Airlines, Inc. ( U.S)

  • Nayak Aero (Germany)

  • Delta TechOps ( U.S.)

  • Hong Kong Aircraft Engineering Company Limited (China)


Further Report Findings



  • In terms of platform, the traditional line maintenance segment contributed around  62.62% share towards the global market in 2021. The trend is mainly attributed to the increased focus of end-users on the platform across emerging economies.

  • North America market size stood at USD 11.03 billion in 2021 and will grow on the back of the surging defense budget and bullish fleet size.

  • Europe will provide lucrative opportunities owing to investments in advanced technologies and the presence of leading companies.


Table of Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



 2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD billion)



Segmentation



By Type



  • Transit Checks

  • Routine Checks



By Aircraft Type



  • Commercial

    • Narrow Body

    • Wide Body

    • Regional Jets

    • Freight



  • Military



By Platform



  • Traditional Line Maintenance

  • Digital Line Maintenance



By Service



  • Engine and APU Service

  • Component Replacement and Rigging Services

  • Aircraft On Ground Service

  • Others



By Geography



  • North America (Type, Aircraft Type, Platform, Service and Country)

    • U.S. (By Aircraft Type)

    • Canada (By Aircraft Type)



  • Europe (Type, Aircraft Type, Platform, Service and Country)

    • U.K. (By Aircraft Type)

    • Germany (By Aircraft Type)

    • France (By Aircraft Type)

    • Russia (By Aircraft Type)

    • Rest of Europe (By Aircraft Type)



  • Asia Pacific (Type, Aircraft Type, Platform, Service and Country)

    • Japan (By Aircraft Type)

    • China (By Aircraft Type)

    • India (By Aircraft Type)

    • Australia (By Aircraft Type)

    • Rest of Asia Pacific (By Aircraft Type)



  • Rest of the World (Type, Aircraft Type, Platform, Service and Country)

    • Latin America (By Aircraft Type)

    • The Middle East & Africa (By Aircraft Type)




Aircraft Line Maintenance Market
  • PDF
  • 2021
  • 2018-2020
  • 200

    CHOOSE LICENSE TYPE

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    7850

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