“Aircraft Line Maintenance market valued at USD 19.89 billion in 2019” says new Visiongain report

05 August 2019
Aviation

Visiongain has published a new Aviation report entitled, Aircraft Line Maintenance Market Report 2019-2029.

The Aircraft Line Maintenance market is estimated to witness a Compound Annual Growth Rate (CAGR) of 4.5 per cent from 2019 to 2029.

The trend of implementing digital technologies to enhance aircraft maintenance operations is having a profound, driving effect on the market.

Leading players, such as Airbus, are overcoming complex maintenance challenges by utilising virtual and augmented reality technologies on the factory floor, simultaneously improving costs, time and accessibility.

The aviation industry is also undergoing a global modernisation process as fleets around the world welcome retrofitted and next-generation aircraft. This trend is also having a positive effect on the Aircraft Line Maintenance market, with airlines increasing demand for greater maintenance efficiencies.

Visiongain anticipates that global investment and consolidation will be strong over the next decade. The market’s stable health is due to the factors listed above as well as the presence of established companies, such as Ameco Beijing, British Airways Engineering, Delta TechOps and United Technical Operations.

The senior aviation analyst said: "The Global Aircraft Line Maintenance market is expected to generate sales of USD 19.89 billion in 2019.

The addition of new-generation aircraft to fleets around the world, as well as the very existence of ageing aircraft which require frequent maintenance and repair, will likely accelerate this market’s growth over the next few years.

Indeed, by 2029, the Line Maintenance market will have surpassed the 30 billion-pound mark, achieving a total sales figure of USD 31.17 billion."

Note for Editors
If you are interested in a more detailed overview of this report, please send an email to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Commercial Aircraft NextGen Avionics market is projected to reach US$6 billion in 2020” says new Visiongain report

Growing need for enhanced avionics systems especially in developing countries of Asia Pacific and Latin America region is accelerating the growth of the market.

23 March 2020

Read

“Commercial Satellite Imagery market to total USD 7.98 billion in 2030” says new Visiongain report

The global Commercial Satellite Imagery market is expected to generate sales of USD 2.84 billion in 2020.

18 March 2020

Read

Visiongain publishes Top 20 Connected Aircraft Companies 2020 report

The connected aircraft market is projected to grow substantially during the forecast period owing to the increasing number of air passengers and a growing expectation for in-flight high-speed Internet connectivity by passengers.

11 March 2020

Read

“Aviation Blockchain market set to grow to $3bn by 2030” says new Visiongain report

The aviation industry is vast, complex, and interconnected and is growing rapidly. The companies that manufacture, operate, and service aircraft are seeking out cutting edge technology which will allow them to optimise performance.

09 March 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever