USD 5.5 billion
Aircraft Refurbishing Market Size, Share, and Growth Analysis
Aircraft Refurbishing Market By Aircraft Type (Very Light Aircraft, Wide Body Aircraft), By Refurbishing Type (Passenger to Freighter Refurbishing, VIP Cabin Refurbishing), By Fitting Type, By Service, By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20W2011 |
Region:
Global |
Published Date: March, 2025
Pages:
202
|Tables:
115
|Figures:
76
Format -
Aircraft Refurbishing Market Insights
Aircraft Refurbishing Market size was valued at USD 5.5 billion in 2023 and is poised to grow from USD 5.86 billion in 2024 to USD 9.78 billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
Aircraft refurbishing encompasses the upgrading and recovering of different components of an aircraft to increase performance, enhance the service life of the aircraft and improve the comfort of passengers. It includes upgrading the interior of the aircraft, modernizing avionics and other electronic systems, conducting structural work, as well as repainting. The aircraft refurbishing market is propelling due to customers' demand for more improved, efficient, and comfortable travel. With airlines working to improve customer satisfaction levels and stay competitive in the market, it can be cost-efficient to restore an older fleet than purchase new ones.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Wide Body Aircraft
Fastest Growth
Narrow Body Aircraft
Growth Rate
6.6% CAGR
Global Aircraft Refurbishing Market ($ Bn)
Country Share for North America Region (%)
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Aircraft Refurbishing Market Segments Analysis
Global Aircraft Refurbishing Market is segmented by Aircraft Type, Refurbishing Type, Fitting Type, Service, End User and region. Based on Aircraft Type, the market is segmented into Very Light Aircraft, Wide Body Aircraft, Narrow Body Aircraft, Large Body Aircraft and VIP Aircraft. Based on Refurbishing Type, the market is segmented into Passenger to Freighter Refurbishing, VIP Cabin Refurbishing and Commercial Cabin Refurbishing. Based on Fitting Type, the market is segmented into Retrofit, IFEC (In-Flight Entertainment and Connectivity) and Passenger Seats. Based on Service, the market is segmented into Interior Refurbishment and Exterior Refurbishment. Based on End User, the market is segmented into Aircraft Manufacturers and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Fitting Type
Based on fitting type, the passenger seat segment is dominating the market with the largest aircraft refurbishing market share. The passenger seat segment is playing an important part in the aircraft refurbishing market due to the rising demand for improved comfort and aesthetics in commercial and private airplanes. Furthermore, the increasing adoption of advanced materials like carbon composites and memory foam, guarantees durability and comfort, while the customization options fulfill the need of the premium cabin classes. Moreover, retrofitting the current aircrafts with modern seat allows airlines to improve the capacity and match the changing passenger preferences. The advancements in modular seat designs and smart seat technology like integrated sensors for real-time adjustments are improving passenger experiences, leading to the growth of the segment.
The in-flight entertainment systems (IFES) & lightning segment is expected to grow at a significant CAGR during the forecast period. The IFES & lightning is experiencing immense growth because airlines are trying to improve passenger experience with advanced technological solutions. Aircraft organizations are focusing on incorporating touchscreens, high-definition displays, and wireless streaming abilities for fulfilling the growing popularity for personalized entertainment. Furthermore, LED-based lightning systems are also changing the conventional fixtures, providing energy efficiency, extended lifespans, and better ambiance. Advancements in cabin lighting like mood lighting and circadian rhythm alignment are also improving the comfort of passengers during long-haul flights. The combination of entertainment and lighting is not only improving passenger satisfaction but also increasing revenue growth.
Analysis by Aircraft Type
Based on aircraft type, the wide body aircraft segment is dominating the aircraft refurbishing market. The wide-body aircraft segment is leading in the market because of the increasing requirement to improve the efficiency of long-haul flights and premium passenger services. Moreover, the airlines are heavily investing in cabin overhauls for improving and providing luxury seating, spacious interiors, and advanced IFES solutions. The retrofitting wide-body aircraft enables carriers to provide improved features like lie-flat seats, integrated connectivity, and improved business class offerings. Moreover, the move towards sustainable aviation is also encouraging the refurbishing of wide-body aircrafts because it helps in minimizing operational expenses, reduce environmental impact, and have fuel-efficient engines. As airlines are constantly trying to increase the life and value of wide body fleets this segment will continue to grow.
As per aircraft refurbishing market analysis, the narrow-body aircraft segment has been experiencing tremendous growth in recent years. The narrow-body aircraft segment is expanding rapidly due to the increasing demand for short-haul travel. Moreover, most of the airlines are focusing on upgrading for improving cabin space, enhance passenger comfort, and integrating advanced technologies. Improvements like slimline seats, overhead bin modifications, and modern IFES systems are boosting the growth of the market. The carriers can also increase operational lifespans and maintain a competitive edge with cost-efficient refurbishing solutions for narrow-body aircraft. Furthermore, incorporation of sustainable practices like using recyclable materials and energy-efficient systems during refurbishing is also increasing the growth of the segment.
Global Aircraft Refurbishing Market Analysis by Aircraft Type
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Aircraft Refurbishing Market Regional Insights
North America is dominating with the largest aircraft refurbishing market share. The region is experiencing strong demand for refurbishing services due to the presence of a huge number of airlines, private jet owners, and leasing organizations. The refurbishing services that are mainly popular among aircraft companies in this region are enhancing cabin furnishing, improving in-flight entertainment, and rising fuel efficiency. Furthermore, the region is also focusing on sustainability and innovation boosting the expansion of the market. Companies are also using eco-friendly materials and modern technologies in aircraft refurbishing because they have to meet regulatory criteria and consumer expectations in the market. The presence of prominent aerospace manufacturers and refurbishment organizations in countries like the United States and Canada is increasing investments in aviation infrastructure, leading to the growth of the market.
Over the course of the projected period, it is anticipated that the aircraft refurbishing market in Asia Pacific would expand with the highest growth rate. The market in this region is growing rapidly because nowadays, most of the consumers are preferring air travels compared to on-road or sea travels as it is more convenient and requires less time. This increasing popularity of air travel is boosting the growth of the aircraft refurbishing market in the Asia Pacific region. Moreover, countries like China's aircraft refurbishing market held the largest market share, and the Indian aircraft refurbishing market is the fastest-growing market in the Asia-Pacific region.
Global Aircraft Refurbishing Market By Geography
- Largest
- Fastest
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Aircraft Refurbishing Market Dynamics
Aircraft Refurbishing Market Drivers
Growing Demand for Comfortable Air Travel
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The aircraft refurbishing market is mainly boosted by the growing demand for improved passenger experiences, especially in premium travel segments. Airlines are upgrading older aircraft with modern interiors, ergonomic seating, and advanced in-flight entertainment systems to cater to passenger preferences for comfort and connectivity. This trend is prominent among business travelers and high-net-worth individuals who prioritize luxurious travel experiences.
Growing Technological Advancement in Cabin Component
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The incorporation of advanced technology into aircraft cabins is an important factor boosting the aircraft refurbishing market. Airlines are upgrading their fleets with advanced in-flight entertainment systems, high-speed connectivity, and smart cabin solutions for improving passenger satisfaction. Moreover, the usage of lightweight materials and composite structures during refurbishment minimizes aircraft weight, which enhances fuel efficiency and increases operational costs.
Aircraft Refurbishing Market Restraints
Rising Operational Expense and Budget Constraints
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One of the primary challenges in the aircraft refurbishing market is the substantial cost involved in retrofitting and upgrading aircraft. Refurbishment projects often require significant investments in high-quality materials, advanced technologies, and skilled labor. For many airlines, particularly budget carriers and those operating in financially constrained regions, these costs can be prohibitive. Furthermore, post-pandemic recovery pressures have forced several airlines to prioritize operational efficiency over luxury upgrades.
High Complexities in Data Management and Analytics
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The substantial cost involved in retrofitting and upgrading the aircraft. Refurbishment projects often require significant investments in high-quality materials, advanced technologies, and skilled labor. For many airlines, particularly budget carriers and those operating in financially constrained regions, these costs can be prohibitive. Furthermore, post-pandemic recovery pressures have forced several airlines to prioritize operational efficiency over luxury upgrades.
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Aircraft Refurbishing Market Competitive Landscape
The prominent players in the aircraft refurbishing industry are extensively spending in R&D to increase their product lines. Such investments are also helping the airplane refurbishment market grow rapidly. Vital market developments consist of new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other firms. It has become vital for airplane refurbishing market to offer cost-efficient products for them to flourish in this competitive and growing setting. Manufacturing locally to reduce operational expense is one of the key business tactics used by manufacturers in the global aircraft refurbishing industry to benefit clients and increase the market sector.
Top Players in Aircraft Refurbishing Market
- Lufthansa Technik AG (Germany)
- ST Engineering (Singapore)
- AAR Corporation (USA)
- MRO Holdings, Inc. (USA)
- Delta TechOps (USA)
- Air France Industries KLM Engineering & Maintenance (France/Netherlands)
- Hong Kong Aircraft Engineering Company Limited (HAECO) (Hong Kong)
- Turkish Technic (Turkey)
- Jet Aviation (Switzerland)
- GA Telesis, LLC (USA)
- Magnetic MRO (Estonia)
- SIA Engineering Company (Singapore)
- MTU Maintenance (Germany)
- TIMCO Aviation Services (USA)
- SR Technics (Switzerland)
- FL Technics (Lithuania)
- Sabena technics (France)
- Donegal Aviation, Inc. (USA)
Recent Developments
- In February 2024, the international leader in innovative and sustainable vertical flight solutions, Bristow Group Inc, announced a deal with Leonardo to purchase ten AW189 helicopters, and also left an option to acquire ten more. The new AW189 helicopters will be used for offshore transportation as well as for SAR operations.
- In October 2023, VistaJet started the VistaJet Wellness Program in four continents and over 20 areas of focus for its fliers.
- In February 2023, Russia’s Federal Air Transport Agency known as Rosaviatsiya granted permission to Global Jet Technic based in Dubai, United Arab Emirates to carry out services on Airbus and Boeing operated under Russian registration.
Aircraft Refurbishing Key Market Trends
- Increasing Adoption of Molecular Cabin Design: One of the leading trends that is being witnessed in the aircraft refurbishing market is the rising adoption of modular cabin designs. Modular designs enable airlines to customize aircraft interiors efficiently so that they can fulfil specific requirements of the passengers or operational needs. These designs offer immense flexibility, helping airlines to reconfigure seating arrangements, adjust cabin layouts, or integrate new features without much structural modifications.
- Incorporation of Smart Cabin Technology: The growth of smart technology is changing the aircraft refurbishing market. This is because airlines are increasingly integrating digital and connected solutions into cabin upgrades. The smart cabin technology uses the Internet of Things (IoT) for creating a more personalized and efficient passenger experience. For example, sensor-equipped seats can monitor passenger comfort and adjust settings automatically. Furthermore, connected devices enable real-time monitoring of cabin conditions, allowing predictive maintenance and operational efficiency.
Aircraft Refurbishing Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the aircraft refurbishing industry is expected to witness significant growth due to surge in air traffic along with implementation of safety improvement initiatives, making aircraft more reliable, efficient, and durable. Moreover, with the increase in demand for air freight, the demand for refurbished cargo aircraft has increased significantly. Factors such as rise in operations in the commercial aviation and increase in demand from emerging countries are anticipated to boost the growth of the global aircraft refurbishing market during the forecast period. However, the surge in production & deliveries of new aircraft and high maintenance cost of refurbished aircraft are expected to hinder the growth of the global aircraft refurbishing market during the forecast period. Moreover, the rise in air travel activities & air traffic and increasing demand for premium aircraft cabins are expected to create an opportunity for the aircraft refurbishing market soon.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.5 billion |
| Market size value in 2032 | USD 9.78 billion |
| Growth Rate | 6.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aircraft Refurbishing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aircraft Refurbishing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aircraft Refurbishing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Refurbishing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Refurbishing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Refurbishing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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