New York, According to a new market research report published by Global Insight Services “Aircraft Aftermarket Parts Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Aircraft aftermarket parts are components that are used to replace or upgrade existing parts on an aircraft. Aftermarket parts can be sourced from a variety of suppliers, including the original equipment manufacturer (OEM), third-party manufacturers, or the aircraft owner/operator.
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Key Trends
The key trends in aircraft aftermarket parts technology are the development of 3D printing technology and the increasing use of composite materials.
3D printing technology is being used to create prototype parts and small batches of parts for aircraft. This technology has the potential to reduce the lead time and cost of manufacturing aircraft parts.
Composite materials are being increasingly used in aircraft parts due to their high strength-to-weight ratio. These materials can be used to create parts that are lighter and more fuel-efficient.
Key Drivers
The key drivers of the aircraft aftermarket parts market are the increasing number of aircraft deliveries, the rising number of aging aircraft, and the growing demand for air travel.
The increasing number of aircraft deliveries is leading to a rise in the number of spare parts that need to be replaced or serviced. This is driving the demand for aircraft aftermarket parts.
The rising number of aging aircraft is also driving the demand for aircraft aftermarket parts. As aircraft age, they require more maintenance and repairs. This is leading to a growing demand for aircraft aftermarket parts.
The growing demand for air travel is another key driver of the aircraft aftermarket parts market. As more people travel by air, there is a need for more aircraft. This is leading to a rise in the number of aircraft deliveries and a growing demand for aircraft aftermarket parts.
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Market Segments
By Parts
- Mro Parts
- Rotatable Scrap Replacement Parts
- Consumable
- Expendable
By Application
- Commercial
- Military
Key Players
The Aircraft Aftermarket Parts Market includes players such as AAR , J. Walter Aviation Limited, Eaton , Parker Hannifin Corporation, Aviall, Kellstrom Aerospace, General Electric, Honeywell International Inc., Meggitt PLC, and Collins Aerospace.
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Reasons to buy Aircraft Aftermarket Parts Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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