Aircraft Maintenance: Introduction
- Aircraft maintenance refers to tasks required to ensure the continuation of operation of an aircraft part or aircraft, including replacement, defect rectification, inspection, overhaul, and the embodiment of modifications, and compliance with airworthiness directives and repair. Aircraft maintenance is highly regulated to ensure proper and safe functioning during flight. National Aviation Authorities have to implement International Civil Aviation Organization standards to regulate maintenance tasks, personnel, and inspection system.
- Aircraft maintenance plays an essential role in extending the lifespan of an aircraft
Get PDF Brochure for Industrial Insights and business Intelligence – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=80101
Key Drivers and Restraints of Aircraft Maintenance Market
- Rise in number of aviation accident rate has boosted focus of the aviation industry on the adoption of aircraft maintenance service. This, in turn, is expected to drive the global aircraft maintenance market. Furthermore, an increase in the number of advanced new generation airplanes is also estimated to propel the aircraft maintenance market in the near future.
- Expansion of existing aircraft capacity and ongoing investments in the development of aviation infrastructure are key factors that are estimated to boost the aircraft maintenance market during the forecast period
- Increase in requirement of refurbishment and proper functioning of aircraft in order to maintain their optimum performance and comply with stringent regulatory norms is anticipated to stimulate the global aircraft maintenance market during the forecast period. However, high cost of maintenance service of aircraft is projected hamper the market in the near future.
COVID-19 Impact Analysis
- Governments of several nation across the globe have imposed stringent lockdowns to limit the spread of the coronavirus. Movement of individuals and economic activities, related to essential goods and services, have come to a halt because of lockdowns. This has adversely affected the demand for air travel, thereby hampering the demand for aircraft maintenance.
Request for Custom Research –https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=80101
Commercial Aviation Segment to Hold Prominent Share of Global Market
- The global aircraft maintenance market can be segmented based on maintenance service, application, and region
- Based on maintenance service, the global aircraft maintenance market can be segregated into line maintenance, engine maintenance, airframe heavy maintenance, and component maintenance. Line maintenance includes scheduled minor repairs, daily check of fluids, pre-flight checks, and modifications, and troubleshooting. Component maintenance is also referred to as shop maintenance. Rise in focus on repair or overhaul of specific parts of the aircraft is expected to boost the component maintenance segment of the global aircraft maintenance market.
- In terms of application, the global aircraft maintenance market can be classified into commercial aviation, military aviation, and general aviation. Expansion of the commercial aviation segment can be attributed to a rise in passenger traffic.
Asia Pacific to Constitute Major Share of Global Aircraft Maintenance Market
- In terms of region, the global aircraft maintenance market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
- North America held a vital share of the global aircraft maintenance market in 2019. This trend is anticipated to continue during the forecast period. Rise in number of aging aircraft fleet is fueling the demand for MRO activities in the region. This, in turn, is anticipated to boost the aircraft maintenance market in North America.
- The aircraft maintenance market in Asia Pacific is expected to expand at a significant pace during the forecast period. The market in the region is driven by expansion of MRO network across the region. For instance, InterGlobe Aviation Ltd is planning to construct the second MRO center of 13,000 sq. m at Kempegowda International Airport in Bengaluru, India. This MRO center is anticipated to become operational by the end of 2020. Furthermore, ongoing expansion and launch of new airlines, primarily in developing economies due to continuous rise in number of air traveler, is also key factor propelling the aircraft maintenance market in the region.
- Europe is projected to dominate the global aircraft maintenance market during the forecast period. This can be ascribed to technological innovation in the design of aircraft to enhance operational efficiency.
Make an Enquiry Before Buying –https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=80101
Key Players Operating in Global Market
Leading companies operating in the global aircraft maintenance market include:
- AAR Corporation
- Aviation Technical Services
- Boeing Company
- Bombardier Inc.
- British Airways Engineering
- GE Aviation
- ST Engineering
- Pemco
- SIA Engineering Company
Global Aircraft Maintenance Market: Research Scope
Global Aircraft Maintenance Market, by Maintenance Service
- Line Maintenance
- Engine Maintenance
- Airframe Heavy Maintenance
- Component Maintenance
Global Aircraft Maintenance Market, by Application
- Commercial
- Military
- General
𝐆𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭:
High Voltage Direct Current (HVDC) Transmission System Market – https://www.globenewswire.com/news-release/2022/09/20/2519574/0/en/High-Voltage-Direct-Current-HVDC-Transmission-System-Market-to-Reach-US-33-54-Bn-by-2031-TMR-Study.html
Breathing Battery Market – https://www.globenewswire.com/en/news-release/2022/09/21/2520505/0/en/Breathing-Battery-Market-to-Expand-at-a-CAGR-of-8-5-during-Forecast-Period-TMR-Study.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com