Aircraft Line Maintenance Market to Reach USD 23.67 Billion by 2027; Stirring Innovations in MRO to Enable Growth, states Fortune Business Insights™

Pune, June 09, 2020 (GLOBE NEWSWIRE) — The global aircraft line maintenance market size is expected to reach USD 23.67 billion by 2027, exhibiting a CAGR of 5.06% during the forecast period. The growing concerns regarding public safety and management will spur opportunities for the market during the forecast period, states Fortune Business Insights in a report, titled “Aircraft Line Maintenance Market Size, Share & COVID-19 Impact Analysis, By Type (Transit Checks, and Routine Checks), By Aircraft Type (Commercial, Military), By Platform (Traditional Line Maintenance, Digital Line Maintenance), By Service (Engine and APU Service, Component Replacement and Rigging Services, Aircraft On Ground Service, and Others) and Regional Forecasts, 2020-2027” the market size stood at USD 20.21 billion in 2019. The rising improvements and advancements in the maintenance, repair, and overhaul (MRO) of the aviation industry will support the growth of the market.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/aircraft-line-maintenance-market-102864

List of the Key Companies Operating in the Aircraft Line Maintenance Market are :ANA Line Maintenance Technics Co., Ltd. (Japan)Ameco (China)BCT Aviation Maintenance Ltd (The U.K.)Monarch Aircraft EngineeringLtd (Germany)STS Aviation Group, Inc. (The U.S.)United Airlines, Inc. (The U.S)Nayak Group (Germany)Delta TechOps (The U.S.)Hong Kong Aircraft Engineering Company Limited (China)Integration of Big Data and IoT to Enhance Market PotentialThe rising utilization of big data to store chunks of data and processing will have a tremendous impact on the growth of the market. The escalating demand of IoT for its predictive techniques and methods to reduce maintenance delays will enable speedy expansion of the market in the forthcoming years.  The development of wearable technologies will boost the MRO services, which, in turn, will create opportunities for the market during the forecast period.  The evolving industry regulations will create lucrative business opportunities for the market in the foreseeable future.  The utilization of advanced technologies by the industry such as google glass or pebble watch for immediate responses and resolution of critical issues will subsequently foster the growth of the market during the forecast period.https://www.fortunebusinessinsights.com/aircraft-line-maintenance-market-102864
Regional Analysis:Modernization of Contemporary Aircraft Systems to Foster Growth in EuropeNorth America is likely to hold the largest share in the global market owing to the increasing technological advancement in the aviation industry. The market in Europe is predicted to witness high growth during the forecast period owing to the upgradation of conventional aircraft systems. The growing investment in robust airports and services will influence healthy growth in Europe. The market in Asia Pacific is predicted to hold the lion’s share during the forecast period owing to the surge in aircraft deliveries. The booming aviation industry in India will have a positive impact on the market in the foreseeable future. The improvement in airport infrastructure and services will accelerate the aircraft line maintenance market growth in Asia Pacific. Nonetheless, the coronavirus crisis is likely to hamper the growth of the global market.https://www.fortunebusinessinsights.com/checkout-page/102864
September 2019: FL Technics, a global provider of aircraft MRO services announced that it has stretched its EASA Part-145 approval to provide line maintenance services to Airbus A320neo family aircraft. The company also revealed that plans to offer services related to the A320neo family aircraft in the company’s line stations at Dubai, Vienna, Tbilisi, Riga and Kiev airports
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Industry Developments –Contracts & Agreements, Mergers, Acquisitions and PartnershipsLatest technological AdvancementsPorters Five Forces AnalysisSupply Chain AnalysisGlobal Aircraft Line Maintenance Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeTransit ChecksRoutine ChecksMarket Analysis, Insights and Forecast – By Aircraft TypeCommercialNarrow BodyWide BodyRegional JetsFreightMilitaryMarket Analysis, Insights and Forecast – By PlatformTraditional Line MaintenanceDigital Line MaintenanceMarket Analysis, Insights and Forecast – By ServiceEngine and APU ServiceComponent Replacement and Rigging ServicesAircraft On Ground ServiceOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificMiddle East and AfricaSouth AmericaTOC Continued…!
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