June 16, 2024

Aircraft Line Maintenance Market is Propelled by Increasing Cargo and Passenger Aircraft Fleet Size

The Aircraft Line Maintenance Market overview comprises of routine daily checks, inspections and servicing of aircraft that includes engine oil servicing, aircraft defect rectification, line station maintenance support and also includes routine checks of aircraft structures and all components such as flight controls, undercarriage and brakes. Aircraft line maintenance helps ensure aircraft serviceability by attending to daily checks, defect rectification and routine servicing on a day-to-day basis. It also reduces downtime and assists airlines to operate aircraft as per their flight schedule. The global aircraft fleet size has substantially increased over the past few years with increasing passenger and cargo traffic worldwide. Growing aircraft deliveries coupled with the need for scheduled maintenance is propelling the growth of the aircraft line maintenance market.

The Global Aircraft Line Maintenance Market is estimated to be valued at US$ 498.34 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Aircraft Line Maintenance market are Lufthansa Technik, GE Aviation, AFI KLM E&M, ST Aerospace, SIA Engineering Company, AAR, AMECO, British Airways Engineering, Delta TechOps, HAECO, Iberia Maintenance, Korean Air Aerospace Division, TAP Maintenance & Engineering, Turkish Technic, UNITED TECHNICS, SR Technics, JAL Engineering Co., Ameco Beijing, Aeroman, Air France Industries KLM Engineering & Maintenance. Key players are focused on providing line maintenance support to major global airlines for their broad aircraft fleet.

The growing passenger and cargo traffic has led airlines to expand and revamp their aircraft fleet size substantially over the past few years. This is leading to increased demand for aircraft line maintenance activities from airlines globally. According to industry estimates, more than 39,000 new aircraft are projected to be delivered over the next two decades supporting the growth of line maintenance requirements worldwide.

Leading MRO providers are engaged in global expansion of their line maintenance networks to support major international airlines globally. Market players are focused on strategic partnerships and joint ventures with local line maintenance vendors across regions to offer seamless line maintenance services for airlines expanding operations worldwide. For example, in 2021 Lufthansa Technik extended its line maintenance contract with Philippines Airlines to provide line maintenance at four stations in Philippines.

Market Key Trends

Increasing use of digital technologies by MROs is one of the key trends being witnessed in the aircraft line maintenance market. Utilization of augmented reality, remote expert systems, artificial intelligence, analytics and cloud computing enables line maintenance engineers to remotely access aircraft health data and technical documentation facilitating faster defect identification and resolution. For instance, Lufthansa Technik makes use of augmented reality applications during line maintenance enabling virtual guidance to technicians. This enhances efficiency, quality and safety during line maintenance activities.

Porter’s Analysis
Threat of new entrants: Low capital requirements and established brands lower barriers to entry in aircraft line maintenance market. However, maintaining quality standards and licenses raise costs.

Bargaining power of buyers: Large buyers such as airlines have significant bargaining power due to the need to maintain aircraft on tight schedules. However, switching costs reduce this power.

Bargaining power of suppliers: A few big players supply specialized parts and technology, giving them some power. However, competition ensures reasonable prices for buyers.

Threat of new substitutes: No close substitutes exist for line maintenance needs due to regulations. Remote diagnostics offer some substitution.

Competitive rivalry: Intense competition exists among global and regional players. Quality, innovation, and partnerships drive competitive edge.

Geographical regions where market in terms of value is concentrated: North America accounts for the largest share due to strong demand from large airlines operating across regions. Europe and Asia Pacific also represent major aircraft line maintenance hubs led by countries such as the US, Germany, China, India and Japan.

The fastest growing region for aircraft line maintenance is Asia Pacific due to rising aircraft fleet and expanding routes of low-cost carriers in India and Southeast Asian countries. China also drives significant demand as it liberalizes its aviation industry.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it