The study covers a detailed analysis segmented by key business segments i.e. by type (Engine MRO, Interior MRO, Airframe MRO, Component MRO and Field Maintainence) , by application (Domestic Routes and International Routes) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Commercial Aircraft Maintenance market throughout the predicted period.
What is Commercial Aircraft Maintenance?
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 competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Commercial Aircraft Maintenance market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- 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)
- United Technical Operations (United States)
“The Aircraft Maintenance Division of the Federal Aviation Administration ensures the airworthiness of civil aircraft. It develops and standardize regulations, national directives, policy procedures, and advisory material governing the certification, inspection, and surveillance of maintenance aspects for General Aviation (GA), air carrier and commercial operators; airmen (mechanics, repairmen, and parachute riggers), avionics, and air agencies (Aviation Maintenance Technician Schools (AMTS) and repair stations).”
Market Trend
Adoption of Advanced Technology in the Commercial Aircraft Maintenance in the Aviation Industry
Restraints
- Compliance With Stringent Aviation Regulations
Opportunities
Expansion of Business in the Commercial Aviation Industry and Increasing Upgradation and Replacement of Old Aircraft With New Generation Aircraft
Key highlights of the Global Commercial Aircraft Maintenance market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Commercial Aircraft Maintenance market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Commercial Aircraft Maintenance market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Commercial Aircraft Maintenance Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
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.