Aircraft Maintenance Service Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

An aircraft maintenance service is the overhaul provided to the aircrafts for assuring timely maintenance and reparation task which involves modification or inspection of an aircraft component or aircraft for a smooth and long run of aircraft with obstacle free flights. Maintenance service could include tasks such as ensuring service bulletins or compliance with safety directives. The aircraft maintenance is vastly regulated, mandatory to ensure safe and accurate working of flight.

Market Dynamics

Augmented growth in aviation sector such as freight transportation, passenger transportation and air defense coupled with raising standard of aviation services with advanced technological supports are driving the market growth. Moreover, adoption of new advanced technology and continuous flight operations are surging the need for regular aircraft maintenance. Although such maintenance service is increasing the expense of aviation firms majorly and thus could slow the market growth. However, the maintenance overhaul, inspections and personnel are all mandatory regulated and stringent protocols by International Civil Aviation Organization (ICAO) to maintain international standards are anticipated to boost the market growth.

Market Classification and Overview

The segmentation of aircraft maintenance services market can be done by product type, application and geography. The aircraft maintenance services market, by product type is segmented into engine, line, component, airframe and others. The aircraft maintenance services market by application is segmented into air transport and business and general aviation (BGA). Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa (MEA).

Report Coverage

Market Participants

Some of the key market players operating in aircraft maintenance service market include Lufthansa Technik, MTU Aero Engines, ST Aerospace, AAR CORP., SIA Engineering, GE Aviation, SR Technics Switzerland AG and Air France Industries KLM Engineering & Maintenance among others.

Market Segmentation

Market By Product Type

• Engine
• Line
• Component
• Airframe
• Others

Market By Application

• Air Transport
• Business And General Aviation (BGA)
• Others

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA