June 23, 2024

The Global Aircraft Line Maintenance Market driven by growing demand for air travel post pandemic

The global aircraft line maintenance market involves regular routine services to ensure the continued airworthiness of commercial aircrafts. It includes both visual inspection of the aircraft and its systems as well as scheduled servicing tasks such as fluids’ replacement. As air travel gained momentum after COVID-19 pandemic restrictions were eased, airlines expanded their fleets to cater to increasing passenger traffic resulting into higher demand for line maintenance activities.

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, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trends in the aircraft line maintenance market is the integration of predictive maintenance. Predictive maintenance uses sensors and data analytics to monitor equipment operation and performance, identify issues before asset failure and plan maintenance accordingly. This helps airlines reduce unplanned downtime and focus maintenance spending where it is needed the most. Many airlines are partnering with IoT and data analytics firms to develop monitoring systems that can track fleets in real-time and send alerts for issues requiring attention. This integration of predictive intelligence into line maintenance is expected to drive significant cost savings and efficiency improvements for airlines.

Porter’s Analysis

Threat of new entrants: Low- moderate, as the capital requirement and expertise to enter this industry is quite high.

Bargaining power of buyers: Moderate, as airlines have some bargaining power over MRO providers, but on-time aircraft maintenance is crucial.

Bargaining power of suppliers: Moderate, as there are several component suppliers but switching costs are involved.

Threat of new substitutes: Low, as no close substitutes exist for aircraft line maintenance services.

Competitive rivalry: High, as the industry comprises many global and regional players competing for market share.

Key Takeaways

The global aircraft line maintenance market is expected to witness high growth. 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.

North America dominates the market currently due to presence of major MRO service providers in the region. However, Asia Pacific is expected to witness fastest growth during the forecast period due to rising aircraft fleet in countries like China and India.

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.

The key players focus on mergers & acquisitions and facility expansion strategies to strengthen their market footprint. For instance, in 2022, Lufthansa Technik acquired ExecuJet’s MRO operations in Europe, the Middle East and Africa to expand its global footprint in VIP/business aviation MRO services.

*Note:

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