DUBLIN, January 26, 2022--(BUSINESS WIRE)--The "Aircraft Line Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global aircraft line maintenance market reached a value of US$ 20.7 Billion in 2020.
Significant growth in the aviation and defense industries is one of the key factors driving the growth of the market. Furthermore, with the increasing air traffic, there is a growing need for highly efficient flight safety mechanisms and security check-ups that can ensure maximum passenger safety. This, along with continual improvements in commercial and other aviation aircraft, is providing a boost to the market growth.
Various technological advancements, such as the integration of maintenance equipment with the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML) and big data analytics, are acting as another major growth-inducing factor. IoT enabled systems facilitate accurate identification of defects, timely repairs, greater efficiency and less downtime for the aircraft fleets. Other factors, including rapid urbanization, extensive research and development activities (R&D) in the aviation industry, increasing construction of airports in emerging nations and the implementation of stringent government policies regarding passenger safety are projected to drive the market further.
Looking forward, the global aircraft line maintenance market is expected to grow at a CAGR of 3.7% during 2021-2026.
The latest report provides a deep insight into the global aircraft line maintenance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the aircraft line maintenance industry in any manner.
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
The competitive landscape of the industry has also been examined with some of the key players being
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
For more information about this report visit https://www.researchandmarkets.com/r/5yjvyi
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220126005555/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900