AIRCRAFT LINE MAINTENANCE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market Challenges And Opportunities

Aircraft Line Maintenance Market Drivers:

• Increasing aircraft fleet sizes: The aircraft fleet has been growing steadily over the past decade. Major airlines are expanding their fleet sizes to meet rising air passenger traffic. For instance, China is projected to experience a yearly air traffic growth rate of 5.3% over the next two decades, surpassing the global average of 3.6%. This increase in growth is expected to generate a demand for 8,420 passenger and freighter aircraft between the present and 2041. This figure accounts for over 20% of the global demand for approximately 39,500 new aircraft anticipated in the next 20 years. This will drive higher demand for aircraft line maintenance services, thus supporting the growth of aircraft line maintenance market.
• Rising flight hours of aircraft: With the recovery in air travel demand post the COVID-19 pandemic, flight hours of commercial aircraft are rising globally. Aircraft require routine line maintenance checks after flying a certain number of hours to detect and fix any technical issues. As per the International Air Transport Association (IATA), it has revised its forecasts to indicate improved profitability for airlines in 2023, followed by a stabilizing trend in 2024. More flight hours directly translate into higher line maintenance requirements from airlines. This will boost the demand for line maintenance services at airports.
• Focus on aircraft maintenance efficiency: Focus on aircraft maintenance efficiency has been a key driving factor for the growth of aircraft line maintenance market. With air travel demand rising continuously and aircraft turnaround time becoming critical for airlines, there is more emphasis on quick and effective line maintenance of aircraft. Line maintenance involves routine daily checks, repairs and servicing of aircraft that allows it to be turned around for the next flight with minimum ground time. This helps airlines maximize aircraft utilization and profitability.
• Advancements in line maintenance technologies: Original equipment manufacturers and technology firms are introducing advanced solutions purpose-built for line maintenance activities. For instance, Boeing is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide, offers maintenance performance toolbox-a digital platform that delivers real-time maintenance data to technicians. Airbus, pioneers sustainable aerospace for a safe and united world provides Skywise-a open data platform that enables integration of maintenance data from diverse sources. Other innovations include AI-enabled visual inspections, AR (Augmented Reality)/VR (Virtual Reality) for maintenance training, and additive manufacturing to print spare parts. Such technology advancements are aiding the transformation of traditional line maintenance practices, stimulating the industry outlook.

Aircraft Line Maintenance Market Opportunities:

• Demand for green solutions: Sustainability is becoming a key priority for the aviation industry, with airlines looking to reduce their carbon footprint across operations including MRO activities. This is creating opportunities for the development of environment-friendly solutions for aircraft line maintenance. Use of fully-electric ground support equipment, solar-powered hangars, waste recycling systems, energy-efficient facilities, and eco-friendly paints & chemicals will gain traction. Airlines will also prefer MRO providers with certifications for sustainable practices.
• Fleet modernization programs: Many airlines, especially in emerging economies, are undertaking fleet modernization programs to replace older aircraft models with new fuel-efficient aircraft. For example, IndiGo is a leading Domestic & International Indian Airline has been actively seeking A320 aircraft equipped with V2500 engines, commonly found in older-generation A320 planes characterized by lower fuel efficiency. New aircraft models utilize innovative technologies and require specialized line maintenance expertise. OEMs work closely with MROs to train technicians during fleet upgrades. This creates long-term opportunities for line maintenance providers to build capabilities early and win contracts from airlines inducting new aircraft models.
• Growth in low-cost carriers: The growth of low-cost carriers is significantly driving the growth of aircraft line maintenance market across the globe. Low-cost carriers operate on a high-frequency, point-to-point network, which allows them to turn aircraft around very quickly and maximize the number of block hours flown each day. This intensive operational model requires substantial line maintenance activities to be performed between flights to ensure continuous aircraft availability.
• Emerging economies growth: Rising disposable incomes and middle class in emerging economies is resulting in fast-paced air passenger growth across regions like Asia Pacific countries (APAC), Middle East and Latin America. This is fueling fleet expansion and new airport development, in turn, generating substantial demand for efficient line maintenance services. Local MRO players in these regions are attracting investments to expand their capabilities and benefit from the potential within their domestic/regional markets. The growth trends in emerging economies will unlock new opportunities going forward.