SHERIDAN, WYOMING, UNITED STATES, October 19, 2021 /EINPresswire.com/ — According to the latest report by IMARC Group, titled “Aircraft Line Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global aircraft line maintenance market reached a value of US$ 20.7 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 3.7% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Aircraft line maintenance refers to the process of repairing, modifying and inspecting an aircraft. It includes scheduled and unscheduled services, defect rectification, line station setup and component replacement and rigging of the engine and auxiliary power unit (APU). These maintenance activities are generally performed to maintain the aircraft system and structure in flightworthy conditions. They are usually conducted outside the hangar while the aircraft is on the ground and is preparing for flight. Aircraft line maintenance aids in ensuring enhanced safety, performance, reliability and cost-effectiveness.
The global aircraft line maintenance market is primarily being driven by significant growth in the aviation industry. Furthermore, the rising need for enhanced safety, security and wellbeing of passengers and crew is favoring the market growth. Various technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) solutions to identify defects, reduce mishaps and improve the overall efficiency of the aircraft, are providing a thrust to the market growth. Other factors, including the increasing deployment of military aircraft due to rising concerns for national security, along with the strict implementation of various government initiatives regarding passenger safety, are creating a positive outlook for the market.
Aircraft Line Maintenance Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global aircraft line maintenance market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
ANA Line Maintenance Technics
Avia Solutions Group
BCT Aviation Maintenance
Delta Air Lines
Monarch Aircraft Engineering
SAMCO Aircraft Maintenance
SIA Engineering Company
STS Aviation Group
Key Market Segmentation:
The report has segmented the global aircraft line maintenance market on the basis of service, type, aircraft type, technology and region.
Breakup by Service:
Component Replacement & Rigging Service
Engine & APU Service
Line Station Setup & Management Service
Defect Rectification Service
Aircraft on Ground (AOG) Service
Breakup by Type:
Breakup by Aircraft Type:
Narrow Body Aircraft
Very Large Body Aircraft
Breakup by Technology:
Traditional Line Maintenance
Digital Line Maintenance
Breakup by Region:
Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/aircraft-line-maintenance-market
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Source: EIN Presswire