Aircraft Line Maintenance Market Growth, Strategic Developments and Forecast 2032

According to Fortune Business Insights, the global aircraft line maintenance market was valued at USD 18.34 billion in 2021 and is expected to grow from USD 19.30 billion in 2022 to USD 28.73 billion by 2029, registering a compound annual growth rate (CAGR) of 5.8% during the forecast period. In 2021, North America led the market, accounting for 60.14% of the global share.

The aircraft line maintenance market is experiencing steady growth driven by the increasing global air traffic and the rising demand for efficient aircraft operations. Line maintenance services, which include routine checks, troubleshooting, and minor repairs, are essential for ensuring aircraft safety and minimizing downtime. The market is also benefiting from the expansion of airline fleets, advancements in maintenance technologies, and a growing focus on timely and cost-effective maintenance solutions. With strong demand across both commercial and military aviation sectors, the market is poised for continued growth over the coming years.

Major Players Profiled in the Aircraft Line Maintenance Market Report:

• 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)

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Report Coverage

The report sheds light on quantitative and qualitative assessments to provide a holistic view of the global market. Further, a host of primary interviews has been conducted with opinion leaders, suppliers and other stakeholders. Primary data has been collated through emails, telephonic conversations and questionnaires. The secondary sources referred are press releases, SEC filings and websites. The report highlights bottom-up and top-down approaches to provide a comprehensive view of product mapping.

Segmentation: Aircraft Line Maintenance Market

The aircraft line maintenance market can be segmented as follows:

1. By Service Type:
• Routine Checks
• Non-routine Repairs
• Component Replacement & Repair
• Aircraft On Ground (AOG) Services
2. By Aircraft Type:
• Narrow-body Aircraft
• Wide-body Aircraft
• Regional Aircraft
• Freighter Aircraft
• Helicopters
• Military Aircraft
3. By Technology:
• Traditional Maintenance
• Digital Maintenance
4. By Service Provider:
• Airline Operators
• MRO Providers
• OEMs
• Independent Service Providers
5. By Region:
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Drivers and Restraints

Bullish Uptake of Outsourcing and Air Traffic to Accentuate Industry Growth

Industry players are likely to explore opportunities with the growing prominence of outsourcing across emerging and advanced economies. Amidst escalating labor- and maintenance costs, outsourcing is likely to gain traction. Furthermore, the need for low-cost carriers and product portfolio expansion could foster aircraft line maintenance market share. Budget airlines have become trendier globally, with China receiving major impetus. The IATA asserts that China is on course to outperform the U.S. as the largest passenger traffic globally by 2024.

However, potential delays and cancellations of aircraft deliveries did not bode well for the industry outlook. For instance, in April 2020, Airbus SE reportedly received 16 cancellations for the A220 series. Prevailing challenges witnessed in the aviation industry will continue to redefine the strategies in the ensuing period.

Information Source:

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

Regional Insights

North America to Witness Investments Galore with Presence of Leading Companies

North America aircraft line maintenance market growth will be pronounced during the forecast period, largely due to the presence of major players in the U.S. Some of the leading companies, such as American Airlines and Delta, have upped investments in the aviation sector. Moreover, the boost in the fleet size could augur well for the industry outlook.

Industry participants expect Europe to emerge as a happy hunting ground against the backdrop of the adoption of advanced technologies. Stakeholders expect the U.K., France, Italy and Germany to lead from the front with growing investments in aircraft line maintenance services.

Asia Pacific market forecast will be strong following the expansion of aircraft line maintenance operators across India, China, Australia and Japan. Prominently, the commercial aviation sector has received impetus due to rising fleet size. Besides, digital line maintenance has gained prominence in the wake of the footfall of AI and IoT in the landscape.

Competitive Landscape

Stakeholders to Invest in Strategic Approaches to Gain Competitive Edge

Major players are poised to infuse funds into product launches, mergers & acquisitions, technological advancements and R&D activities. Prevailing trends suggest leading companies are slated to focus on geographical expansion during the forecast period.

Key Industry Developments

June 2021 – Ramco Systems announced it would implement its Aviation M&E MRO Software V5.8 to digitally transform the maintenance and engineering operations of Bristow Group.