PUNE, Country, 2017-Jun-30 — /EPR Network/ — Market Synopsis of Global Aircraft Line Maintenance Market:
The global Aircraft Line Maintenance Market is expected to grow at a CAGR of around 5.5% during 2016-2021. The key factors driving the growth are growing initiatives towards aircraft safety, increase in flights hours, increased demand for aircraft, and usage of best in class technologies in aircraft.
As per the MRFR analysis, factors restraining the market growth are scarcity of skilled manpower, complexity in technical documentation procedures, and supervision of line maintenance.
Integration of IT for predictive maintenance and MRO outsourcing are the ongoing trends which will have positive impact on the market during the forecast period.
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Key Players of Aircraft Line Maintenance Market:
- Delta TechOps
- Lufthansa Technik
- Monarch Aircraft Engineering
- SIA Engineering Company
- SR Technics
- British Airways Engineering
- Hong Long Aircraft Engineering
- TAP Maintenance & Engineering
- Turkish Technic
Regional and Country Analysis of Global Aircraft Line Maintenance Market:
As per the MRFR analysis, the EMEA region will continue its dominance in the forecast period. Whereas, APAC will have significant growth and is expected to grow at CAGR of around 6% during the forecast period.
The Middle East is estimated to account for the maximum air traffic of 6.4% RPK, resulting in a better demand for MRO services, which is expected to double by 2024.
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