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Aircraft Line Maintenance Market 2023 Overview, Report by Emerging Trends By Region, Application Scope, Size, & Status

The global aircraft line maintenance market size is projected to grow from USD 19.23 Billion in 2018 to USD 23.50 Billion by 2023, at a CAGR of 4.10% from 2018 to 2023. The Asia Pacific region is projected to lead the aircraft line maintenance market during the forecast period. It is expected to be followed by the North American region. The growth of the aircraft line maintenance market is driven by the increased number of flights undertaken by aircraft, rise in the number of aircraft deliveries by OEMs, and increased requirement for carrying out repair and maintenance of the existing aircraft fleets of airlines.

Based on service, the aircraft line maintenance market has been segmented into component replacement & rigging service, defect rectification service, engine & APU service, Aircraft on Ground (AOG) service, and line station setup & management service. The component replacement & rigging service segment is expected to lead the aircraft line maintenance market during the forecast period. The increased demand for component replacement & rigging services by various airlines for the replacement of their existing legacy systems in aircraft is driving the growth of the component replacement & rigging service segment of the aircraft line maintenance market. The component replacement & rigging service segment has been further classified into hydraulic leak rectification, structural repairs, landing gear replacement & removal, windshield changes, and avionics repairs.

Based on type, the aircraft line maintenance market has been segmented into transit checks and routine checks. The routine checks type segment of the aircraft line maintenance market is projected to grow at a higher CAGR than the transit checks type segment from 2018 to 2023. Routine checks of an aircraft comprise maintenance pre-flight checks, post-flight checks, service checks, overnight checks, and weekly checks. When an aircraft completes 155 hours of flight, it goes for fill or change of oils and fluids such as hydraulic fluid, starter oil, engine oil, and generator drive fluids. As the number of flights per aircraft is rising, it is projected to lead to an increased requirement for routine checks of aircraft.

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The Asia Pacific region is projected to lead the aircraft line maintenance market during the forecast period.

The Asia Pacific region is estimated to account for the largest share of the aircraft line maintenance market in 2018. China is projected to lead the Asia Pacific aircraft line maintenance market during the forecast period. The growth of the China aircraft line maintenance market can be attributed to the increased deliveries of new commercial aircraft in the country and presence of maintenance and repair facilities of several key providers of aircraft line maintenance services that include AMECO (China) and HAECO (Hong Kong), among others, in China.

The key players operating in the aircraft line maintenance market include AMECO (China), ANA Line Maintenance Technics (Japan), Avia Solutions Group (Lithuania), BCT Aviation Maintenance (UK), British Airways (UK), Delta TechOps (US), HAECO (Hong Kong), Lufthansa Technik (Germany), Monarch Aircraft Engineering (UK), Nayak Group (Germany), SAMCO Aircraft Maintenance (Netherlands), SIA Engineering (Singapore), STS Aviation Group (US),Turkish Technic (Turkey), and United Technical Operations (US), among others. These companies are focused on the adoption of various growth strategies to enhance their presence in emerging economies across the globe.

Lufthansa Technik (Germany) is one of the leading players in the aircraft line maintenance market. The company provides aircraft line maintenance services to several regional and domestic airlines across the globe. Spairliners, which is a subsidiary of Lufthansa Technik, received a contract from the Royal Jordanian Airlines (Jordan) in March 2018. Spairliners is a leading provider of integrated component care services for Embraer E-Jet and Airbus A380 aircraft. Under this contract company, the company is expected to supply aircraft components and carry out repairing of E-Jet fleet of the Royal Jordanian Airlines that consists of three E175 and two E195 aircraft. In April 2018, the company also received a Total Component Maintenance (TCM) contract from Jet Airways (India) for its narrow body aircraft fleet of 80 Boeing 737NG. According to this contract, the company is expected to carry out repairing of aircraft components on closed-loop and flat rate-basis. This contract also aims at providing extensive component pooling-based support for ten Boeing 777 and eight Airbus A330 aircraft.

SIA Engineering (Singapore) is another prominent player in the aircraft line maintenance market. The company offers a diverse portfolio of services in the aircraft line maintenance market. The company is engaged in the development of technologically-advanced products for various end-use industries. In February 2018, the company signed a Memorandum of Understanding (MoU) with Safran (France) to provide technical assistance in the field of data analytics, which is expected to help SIA develop software for predictive maintenance of aircraft and related components in the aviation industry. SIA Engineering Company expanded its business operations in Japan with the establishment of a wholly-owned subsidiary, Mainboard-listed SIA Engineering Company Limited (Singapore). This subsidiary is expected to provide line maintenance services for the Kansai International Airport (Japan).

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