05 August 2019
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 firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
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.
These companies were selected based on their established and continuous presence, developments in electric aircraft in the emerging commercial electric aircraft markets across all submarkets, as of 2020.
23 January 2020
The Americas Urban Air Mobility market is the dominant market across the globe, which is estimated to be valued US$ 5.9 billion in 2020 and is expected to reach US$ 11.3 billion by 2030, expanding at the CAGR of 6.6%.
16 January 2020
The Global Air Traffic Control market is expected to generate sales of USD 5.9 billion in 2020.
15 January 2020
In the past few years, global adhesive and sealants markets, including the aero-air and aviation industries, have grown substantially against the background of the economy.