Aircraft Heavy Maintenance Visits Market Initials
Global aircraft heavy maintenance visits (HMV) is cementing its foothold over a CAGR of 6% during the forecast period (2018 to 2023). The periodic inspections carried out on all the commercial as well as civil planes after a particular time of usage is what aircraft heavy maintenance visits is all about.
The well-known players in the aircraft HMV market are included as AAR (U.S.), Air France KLM E&M (France), Airbus S.A.S (France), Barnes Aerospace (U.S.), Delta TechOps (U.S.), EGAT (Taiwan), Honeywell International (U.S.), Lufthansa Technik AG (Germany), ST Aerospace (Singapore), SR Technics (Switzerland), and Turkish Technic, Inc. (Turkey).
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Market Drivers & Trends
The market for aircraft heavy maintenance visits is booming rapidly in recent time having backed up with one of the factors is the increasing development of ultrasonic technique. The technique has been contributing to the market growth as it enables early detection of internal defects in materials and non-destructive testing of aircraft components. These also checks for the damage in the various parts of aircraft such as landing gear legs, engine attachments, and lap joints.
As an add-on, the development of non-destructive evaluation technologies is also contributing to the market growth over the assessment period that helps with efficient image processing will aid in monitoring the condition of the airframe. Other than this, one of the recent trends in the market is the introduction of robotized assistance for maintenance. These robots are performed to function multiple attributes that include cleaning, measuring geometric parameters, identifying defects, and implementing all machine repairing related actions. Therefore, the adoption of robotized maintenance is anticipated to surge the productivity of the work that would help the market to rise substantially over the forecast period.
Global Aircraft Heavy Maintenance Visits Market has been segmented based on type, engine HMV, aircraft, and platform.
In terms of type, the market includes airframe HMV, engine HMV, and component HMV. Of these, airframe maintenance is carried out at a lower unit cost, which has been possible due to increased usage of lightweight fiver materials and hybrid alloys in the new-generation aircraft. Therefore, these provide better fatigue and erosion resistance than the material used before, which resulted in lesser failure rate with lower wear and tear, which minimizes the requirement for aircraft maintenance.
In terms of HMV segment, the market witnessed advancements in engine technologies that have led to the development of more fuel-efficient engines, which has prompted the market to surge drastically over time. Therefore, such engines require highly skilled maintenance to carry out maintenance on the advanced and complex engine parts. In this segment, engine maintenance visits are performed on a scheduled basis, which comprises of repair, maintenance, inspection, and preventive maintenance to reestablish the performance of the engine. Owing to these reasons, the engine HMV market segment will surely contribute the largest share and will have a modest rate of growth during the assessment period.
In terms of aircraft type, the market encompasses segments such as fixed-wing & rotary-wing, fixed-wing further diverges as wide-body aircraft and narrow-body aircraft. Low-cost airline operators generally prefer narrow-body aircraft. Hence, it has been seen that owing to the growth in air travel, Asia Pacific has significant potential in the aircraft MRO market. The aircraft HMV market is rising at a rapid pace, owing to the mounting number of MRO facilities in developing countries, such as India, Indonesia, and China.
Detailed Regional Market
The North American region leads the global aircraft HMV market, while the other regions had modest shares, in 2017. As a result of this, owing to the increasing passenger demand in Asia Pacific, the aircraft traffic in the region is anticipated to inflate exponentially, in the coming years. It is also anticipated that Asia will operate nearly 40% of the total aircraft heavy maintenance visits by the end of the assessment period. As a result, it is likely for Asia Pacific region to observe the fastest growth, during the future. Therefore, the aircraft heavy maintenance visits are probable to gain at a CAGR of more than 6% in the forecast period from 2018 to 2023.
- Market sizing, forecast, and analysis: detailed coverage of the market segment and sub-segments
- Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
- Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology trends, regulatory landscape, and patent analysis outlook
- Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information
List of Tables
Table 1 Global Aircraft Heavy Maintenance Visits Market, by Region, 2018–2025
Table 2 North America Aircraft Heavy Maintenance Visits Market, by Country, 2018–2025
Table 3 Europe Aircraft Heavy Maintenance Visits Market, by Country, 2018–2025
Table 4 Asia-pacific Aircraft Heavy Maintenance Visits Market, by Country, 2018–2025
Table 5 Middle East & Africa Aircraft Heavy Maintenance Visits Market, by Country, 2018–2025
Table 6 Latin America Aircraft Heavy Maintenance Visits Market, by Country, 2018–2025
Table 7 Global Aircraft Heavy Maintenance Visits Market, by Region, 2018–2025
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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