Aircraft line maintenance includes inspection, servicing and repair that must be carried out on the aircraft to ensure airworthiness and flight safety. It involves routine daily and weekly checks, defect rectification, engine changes and minor repairs.
The global Aircraft Line Maintenance Market is estimated to be valued at US$ 498.34 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Digitalization in the aircraft maintenance, repair and overhaul industry has accelerated aircraft line maintenance market growth. With digital technologies like Internet of Things, Artificial Intelligence and Big Data, line maintenance operators are able to remotely monitor aircraft systems, predict maintenance needs and automate manual tasks. This allows for more efficient planning and execution of maintenance work. Digital solutions enhance visibility across the entire maintenance operation and help operators minimize disruptions and downtime. The digital transformation of aircraft line maintenance is optimizing processes, improving safety and sustainability in the aviation industry.
Key players operating in the Aircraft Line Maintenance Market are Lufthansa Technik, GE Aviation, AFI KLM E&M, ST Aerospace, SIA Engineering Company, AAR, AMECO, British Airways Engineering, Delta TechOps, HAECO, Iberia Maintenance, Korean Air Aerospace Division, TAP Maintenance & Engineering, Turkish Technic, UNITED TECHNICS, SR Technics, JAL Engineering Co., Ameco Beijing, Aeroman, Air France Industries KLM Engineering & Maintenance.
Segment Analysis
The global aircraft line maintenance market is segmented by type into component replacement and repairs, engine and APU servicing and line period check. The component replacement and repairs segment accounted for the largest market share in 2023. Rising demand for part replacement and repairs of aircraft components and systems such as landing gears, hydraulic systems, and engines have boosted the growth of this segment. Additionally, stringent maintenance schedules mandated by aviation authorities globally have amplified the demand for component repairs and replacements.
Key Takeaways
The global aircraft line maintenance market is expected to witness high growth during the forecast period.
Regional analysis related content comprises APAC region is projected to dominate the global aircraft line maintenance market. This can be attributed to strong growth in air passenger traffic, increasing aircraft fleet size, and expanding low-cost carrier networks in countries like India and China.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
