Product ID: SQSG20R2004
Global Aircraft Line Maintenance Market Size, Share, Growth Analysis, By Type(Transit Checks, Routine Checks), By Service(Component Replacement & Rigging Service, Defect Rectification Service), By Aircraft Type(Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA)) - Industry Forecast 2024-2031
Report ID:
SQSG20R2004 |
Region:
Global |
Published Date: February, 2024
Pages:
278
|
Tables:
93 |
Figures:
75
Global Aircraft Line Maintenance Market Insights
Global Aircraft Line Maintenance Market size was valued at USD 18.34 billion in 2019 and is poised to grow from USD 19.3 billion in 2023 to USD 28.73 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Replacement, defect correction, examination, overhaul, the implementation of upgrades, compliance with airworthiness directives, and repair are all operations that must be performed to ensure the continued functioning of an aircraft part or an entire aircraft. To maintain appropriate and safe operations during flying, aircraft maintenance is subject to strict regulations. To control maintenance activities, personnel, and inspection systems, national aviation authorities must put International Civil Aviation Organization standards into practice. An aircraft's lifespan can be significantly increased through proper maintenance.
Increased attention to the use of aircraft maintenance services has been brought on by an increase in the number of aviation accidents. In turn, this is projected to fuel the global market for aircraft maintenance. Additional factors that are expected to fuel the market's growth include fast urbanization, significant R&D in the aviation sector, an increase in terminal construction in developing countries, and the adoption of strict government regulations on passenger comfort.
US Aircraft Line Maintenance Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Aircraft Line Maintenance Market Report Snapshots
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