Aircraft Refurbishing Market Scope
Aircraft refurbishing is the process used to updating the cabin management system and improving connectivity with a new Satcom system. It is necessary to continue the soundness and safety of an aircraft. The process includes inspection, overhaul, replacement, defect rectification, and embodiment modifications as well as partial or full replacement of the interior, or a new coat of paint to the exterior.
The Aircraft Refurbishing market study is segmented, by Application (Passenger to Freighter, Commercial Cabin Refurbishing and VP Cabin Refurbishing) and major geographies with country level break-up.
Global Aircraft Refurbishing is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products and Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
BE Aerospace (United States), Zodiac Aerospace (France), TIMCO Aviation Services (United States), SIA Engineering Company (Singapore), Lufthansa Technik (Germany), Gulfstream (United States), Sabreliner Corporation (United States), AAR Corp (United States), JAMCO AMERICA, INC. (United States) and Jet Aviation Inc. (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Wheels Up (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Aircraft Refurbishing market by Type, Application and Region.
On the basis of geography, the market of Aircraft Refurbishing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 5th January 2021, Wheels Up the leading brand of private aviation announced the acquisition of Mountain Aviation. The acquisition helps to increase Wheels Up's platform to better serve rising flight demand from its rapidly growing membership and charter marketplace.
On 7th September 2021, SIA Engineering Company announced the launch of Lean Academy. Lean involves a value-drain process to enhance work processes by the adoption of Lean methodologies. The launch of Lean Academy reveals the company’s dedication towards continual re-skilling, skilling, and development of workforce abilities to expand competitiveness.
- Increasing Innovation in Aviation Facilities
- Rising Travellers Preference towards Modern Aircrafts
- Increasing Demand of Aircraft Refurbishing from Aviation Sectors
- Rising usage of Aircraft Refurbishing to Renovate and Decorate the Aircrafts
- Surging Number of Aircraft Manufacturers can create Opportunities for the Global Aircraft Refurbishing Market Growth
- Introduction of New Aircrafts with Low-Cost Maintenance will hamper the Global Aircraft Refurbishing Market Demand
- Stringent Regulatory Standards Regarding the Use of Aircraft Refurbishing
Key Target AudienceAircraft Refurbishing Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Aircraft Refurbishing Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.