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Aircraft Line Maintenance Market Size to Reach $23.67 Billion by 2027; Increased Subcontracting Activities by Major Airlines to Accelerate Development

June 05, 2020 | Aerospace & Defense

The global aircraft line maintenance market size is expected to reach USD 23.67 billion by 2027. The rapid surge in passenger air traffic will spur demand for aircraft line maintenance, which, in turn, will augur well for the market in the foreseeable future, mentioned in a report, 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, 2020-2027” the market size stood at USD 20.21 billion in 2019 and is predicted to expected to exhibit a CAGR of 5.06% between 2020 to 2027.


Partnership between Ramco and CASL to Spur Sales Opportunities


China Aircraft Services Limited (CASL), a prominent supplier of aircraft line and base maintenance and ground support equipment services announced that it has signed a deal with Ramco Systems, an Indian aviation software leader for sustained line maintenance operations. The collaboration of Ramo and CASL will support the offering of integrated Aviation Suite V5.8. The modules will encompass maintenance and engineering, MRO (maintenance, repair, and overhaul) contracts, supply chain and funds to facilitate CASL in sustained end-to-end base maintenance, ground handling, and cabin services.


The latest development of the companies can be an imperative factor in promoting the growth of the market owing to the real-time work order processing through a mobile-enabled application, thus decreasing in total turnaround time. Furthermore, the solutions offered by the company are presented on the cloud for optimization flexibility features. Moreover, the integration of a seamless interface along Ramco's in-built analytics will support automate business processes and reduce transaction costs, which, in turn, will boost the growth of the market. In addition, technological innovations in mobile applications and cloud computing will certainly enhance the business possibilities of the market.


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


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


Increasing MRO Subcontractors to Amplify Business


The growing spending on aircraft maintenance and repair by companies to serve customers better will subsequently support the growth of the market. The thriving MRO industry will positively influence the growth of the market. The growing focus towards outsourcing aircraft maintenance due to heavy operational load and labor costs will create business opportunities for the market. The rising inclination towards MRO subcontracting to gain access to more facilities and reduce maintenance time by the airlines will propel the growth of the market. In addition, the growing demand for domestic flights and a rise in global air passenger traffic are factors expected to further augment the growth of the market. Similarly, the booming travel and tourism industry will also have a positive effect on the market in the foreseeable future.


Daunting threats of Cyber Hacks to Limit Market Adoption


The rising cyberattacks can be a critical factor restricting the growth of the market. The growing concerns about security breaches, trade secrets, data of the passengers will consequently restrict the growth of the market during the forecast period. For instance, Cathay Pacific’s data breach, the biggest breach occurred in the aviation industry. This caused severe damage to airline data records. The growing apprehensions regarding cyber-attacks will debilitate the risks associated with the safety of passengers and limit the adoption of airlines. These factors together will act as an obstacle to the growth of the market.


The Report Lists the Main Companies in the Aircraft Line Maintenance Market:



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

  • Ameco (China)

  • BCT Aviation Maintenance Ltd (The U.K.)

  • Monarch Aircraft EngineeringLtd (Germany)

  • STS Aviation Group, Inc. (The U.S.)

  • United Airlines, Inc. (The U.S)

  • Nayak Group (Germany)

  • Delta TechOps (The U.S.)

  • Hong Kong Aircraft Engineering Company Limited (China)


Further Report Findings:



  • Regional Analysis: The market in North America is expected to witness a substantial growth rate during the forecast period owing to the rising innovation in aircraft systems and developed infrastructure of airports in the US. The market Asia Pacific is likely to account for a significant share owing to the prospering aviation industry in the region.

  • Leading Segment: Digital line maintenance is expected to hold the major share in the market due to the rising technological advancements. The rising demand for AI and IoT will further contribute to the segment’s growth.


This Market is Segmented into:














































 ATTRIBUTE



 DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



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 (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, and Rest of Asia- Pacific)

  • The Middle East and Africa (The UAE, Saudi Arabia and the Rest of the Middle East and Africa)

  • South America (Brazil, Rest of South America)


Aircraft Line Maintenance Market
  • PDF
  • 2019
  • 2016-2018
  • 150

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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