Market Highlights: Commercial Aircraft Maintenance refers to maintaining the working condition of the different components of the aircraft such as the engine, avionics, airframe, landing gear, and others. Aircraft maintenance, repair & overhaul market has high growth prospects owing to increasing demand for the commercial. Further, the surge in the number of aviation accidents driving the need for proper maintenance of the aircraft. The continuous requirement for refurbishment & maintenance of aircraft for optimum performance and complying with stringent government regulations are supporting the commercial aircraft MRO proliferation. Innovations in the maintenance of aircraft including the incorporation of IoT systems, smart sensors, non-destructive inspection technologies, and RFID tagging are positively influencing the commercial aircraft maintenance market. The market study is being classified by Type (Engine MRO, Interior MRO, Airframe MRO, Component MRO and Field Maintainence), by Application (Domestic Routes and International Routes) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Commercial Aircraft Maintenance are GE (United States), AAR Corporation (United States), Air China Technics / Ameco Beijing (China), Air France Industries KLM Engineering& Maintenance (France), Rolls-Royce (United Kingdom), MTU AERO ENGINES AG (Germany), Monarch Aircraft Engineering (Unite Kingdom), Lufthansa Technik (Germany), Pratt & Whitney (United States), Honeywell (United States), Air France/KLM (France), Safran Aircraft Engines (France), Standard Aero (United States), SAMCO Aircraft Maintenance (Netherlands), STS Aviation Group (United States) and United Technical Operations (United States).
Key Questions Answered in the Report What will the Commercial Aircraft Maintenance Market size and the growth rate be in Future? What are the key factors driving the Commercial Aircraft Maintenance Market? What are the key market trends and macro-economic impacting the growth of the Commercial Aircraft Maintenance Market? What are the challenges to market growth? Who are the key vendors in the Commercial Aircraft Maintenance Market? What are the market opportunities and threats faced by the vendors in the Commercial Aircraft Maintenance Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Commercial Aircraft Maintenance Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Commercial Aircraft Maintenance market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Commercial Aircraft Maintenance market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes MRO Service Providers, Airline Operators, Manufacturers of Aircraft Components, Aircraft OEMs and Government and Certification Bodies. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.