DUBLIN--(BUSINESS WIRE)--The "Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2020-30: COVID- 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global aircraft maintenance, repair and overhauling services market as it emerges from the COVID-19 shut down.
The global aircraft maintenance, repair and overhauling services market is expected to decline from $70.2 billion in 2019 to $68 billion in 2020 at a compound annual growth rate (CAGR) of -3.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $78.5 billion in 2023.
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The Asia Pacific was the largest region in the global aircraft maintenance, repair and overhauling services market, accounting for 37% of the market in 2019. North America was the second largest region accounting for 23% of the global aircraft maintenance, repair and overhauling services market. Africa was the smallest region in the global aircraft maintenance, repair and overhauling services market.
Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve safety, productivity and quality of aircrafts. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision making. These technologies optimize manufacturing operations and costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases lifecycle of parts and reduces maintenance costs. Boeing has successfully built machine-learning algorithms for aircraft designing and to automate factory operations.
The aircraft maintenance, repair and overhauling services market consists of sales of aircraft maintenance, repair and overhauling services by entities (organizations, sole traders and partnerships) that maintain, repair and overhaul military and commercial aircraft.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Aircraft Maintenance, Repair and Overhauling Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Aircraft Maintenance, Repair and Overhauling Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Aircraft Maintenance, Repair and Overhauling Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Aircraft Maintenance, Repair and Overhauling Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Aircraft Maintenance, Repair and Overhauling Services Market Trends And Strategies
8. Aircraft Maintenance, Repair and Overhauling Services Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Aircraft Maintenance, Repair and Overhauling Services Market Regional Analysis
9.1. Global Aircraft Maintenance, Repair and Overhauling Services Market, 2019, By Region, Value ($ Billion)
9.2. Global Aircraft Maintenance, Repair and Overhauling Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region
9.3. Global Aircraft Maintenance, Repair and Overhauling Services Market, Growth And Market Share Comparison, By Region
10. Aircraft Maintenance, Repair and Overhauling Services Market Segmentation
10.1. Global Aircraft Maintenance, Repair and Overhauling Services Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.2. Global Aircraft Maintenance, Repair and Overhauling Services Market, Segmentation By Aircraft Division, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.3. Global Aircraft Maintenance, Repair and Overhauling Services Market, Segmentation By Size, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.4. Global Aircraft Maintenance, Repair and Overhauling Services Market, Segmentation By Service Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11. Aircraft Maintenance, Repair and Overhauling Services Market Metrics
11.1. Aircraft Maintenance, Repair and Overhauling Services Market Size, Percentage Of GDP, 2015-2023, Global
11.2. Per Capita Average Aircraft Maintenance, Repair and Overhauling Services Market Expenditure, 2015-2023, Global
Companies Mentioned
- Honeywell Aerospace
- AAR Corporation
- Air France Industries KLM Engineering & Maintenance
- Airbus SAS
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The Boeing Company
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