Aircraft Line Maintenance - Worldwide Market Analysis & Forecast (2018-2023): Key Growth Opportunities in Artificial Interlinkage, Internet of Things, Augmented Reality, Big Data Analytics - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 3, 2018--The “Aircraft Line Maintenance Market by Service (Component Replacement & Rigging, Defect Rectification, Engine & APU, Aircraft on Ground), Type (Transit Checks, Routine Checks), Aircraft Type (NBA, WBA, VLA), Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The aircraft line maintenance market is projected to grow from USD 19.23 Billion in 2018 to USD 23.5 Billion by 2023, at a CAGR of 4.10% from 2018 to 2023.
The developments in drone inspections, artificial interlinkage, Internet of Things, digital twin, augmented reality, and Big Data analytics offer key growth opportunities for the growth of the aircraft line maintenance market.
The growth of the aircraft line maintenance market across the globe can be attributed to the increasing number of flights per aircraft, rising number of new aircraft deliveries from OEMs, and increasing requirement for carrying out repair and maintenance of the existing aircraft fleets of airlines.
The rise in spending of airlines for MRO services and a significant increase in the digitalization of these services are projected to drive the growth of the aircraft line maintenance market. The increased demand for upgrading the existing legacy aircraft systems and replacing them with new aircraft systems is also fueling the growth of the aircraft line maintenance market across the globe.
However, the lack of availability of skilled workforce and lack of common data standards are expected to restrain the growth of the aircraft line maintenance market during the forecast period. Additionally, issues associated with the compliance of various aviation regulations act as a challenge for the growth of the aircraft line maintenance market.
Based on service, the aircraft line maintenance market has been segmented into component replacement & rigging service, defect rectification service, engine & APU service, Aircraft on Ground (AOG) service, and line station setup & management service. The component replacement & rigging service segment is projected to lead the aircraft line maintenance market during the forecast period.
Based on type, the aircraft line maintenance market has been segmented into transit checks and routine checks. The routine checks type segment is projected to grow at a higher CAGR as compared to the transit checks segment from 2018 to 2023.
Based on aircraft type, the aircraft line maintenance market has been segmented into Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Very Large Aircraft (VLA), Regional Aircraft (RA), and others. The wide body aircraft type segment of the aircraft line maintenance market is projected to grow at the highest CAGR during the forecast period.
Companies ProfiledAMECO ANA Line Maintenance Technics Avia Solutions Group BCT Aviation Maintenance British Airways Delta Air Lines HAECO Lufthansa Monarch Aircraft Engineering Nayak Group SAMCO Aircraft Maintenance SIA Engineering Company SR Technics STS Aviation Group Turkish Airlines United Airlines
For more information about this report visit https://www.researchandmarkets.com/research/f3447k/aircraft_line?w=4
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SOURCE: Research and Markets
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PUB: 10/03/2018 06:45 AM/DISC: 10/03/2018 06:45 AM