Global Aircraft Line Maintenance Market is Estimated to Reach $25 Billion by 2025, Says Accurize Market Research
Global Aircraft Line Maintenance Market report published by Accurize Market Research forecast that the global market is expected to reach $25 billion by 2025; growing at a CAGR of 4.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Continuous innovation in technology to detect and enhance predictive and growing adoption of Internet of Things (IoT), to drive the growth of the market
Continuous innovation in technology to detect and enhance predictive, prescriptive and condition-based maintenance services and growing adoption of Internet of Things (IoT), augmented reality (AR) and Artificial Intelligence (AI) fuels the demand for the global aircraft line maintenance market. Furthermore, integration of IT for predictive maintenance as well as MRO outsourcingalso boosts the growth of the market.
The global aircraft line maintenance market has been bifurcated on the basis ofservice, type, aircraft type, technology, and geography. Service segment can be further divided 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 further divided into transit checks and routine checks segment. Aircraft type segment can be divided into narrow body aircraft (NBA), wide-body aircraft (WBA), very large aircraft (VLA), regional aircraft (RA), and others. Furthermore, technology segment includes traditional line maintenance and digital line maintenance.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Germany, France, Russia, Ireland, Spain, Netherlands, and others. Asia-Pacific covers China, India, Japan, Australia, and others. RoW covers South America, the Middle East, and Africa.
Top players in the market
The key market players include British Airways, Delta Air Lines, Lufthansa, SIA Engineering Company, United Airlines, ANA Line Maintenance Technics, AMECO, Avia Solutions Group, BCT Aviation Maintenance, HAECO and Monarch Aircraft Engineering, among others.
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