What is Aviation Maintenance Solutions Market?
The global aviation maintenance solutions market is expected to grow at a significant rate during the forecast period, according to the AMA study. This is owing to the growing aircraft production & deliveries, growing retro fitment of existing old aircraft models, growing demand form periodic maintenance of scheduled commercial passenger flights, and the rising concerns regarding flight passenger safety generating the demand for periodic aircraft maintenance.
Highlights from Aviation Maintenance Solutions Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Aerospace Maintenance Solutions LLC (United States), AMC Aviation Management Corporation (France), AV-BASE SYSTEMS, INC. (Canada), Bytzsoft (India), C.A.L.M. Systems (United States), ENGRAV Group (India), Flightdocs, Inc. (United States) and SABRE GLBL INC. (United States)|
The vendors in this market are majorly focusing on developing new and innovative aviation maintenance solutions to cater to the industry demands in order to remain competitive in the global market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Aviation Maintenance Solutions market throughout the forecasted period. Aerospace Maintenance Solutions LLC (United States), AMC Aviation Management Corporation (France), AV-BASE SYSTEMS, INC. (Canada), Bytzsoft (India), C.A.L.M. Systems (United States), ENGRAV Group (India), Flightdocs, Inc. (United States) and SABRE GLBL INC. (United States) are some of the key players profiled in the study.
Aviation Maintenance Solutions Market Segmentation:
|Application / End User||Compliance Management, Components Tracking, Flight Time Tracking, Inventory Control, Logbook Tracking, Maintenance Scheduling, Manuals and Others|
|End Use||Civil Aviation,Military Aviation|
|End User||Airlines,MRO Service Providers,Aircraft OEMs,Others|
On the basis of geography, the market of Aviation Maintenance Solutions 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Growing Concerns to Avoid Accidents due to Lack of Periodic Maintenace and Improper Documentation
Market Growth Drivers:
The Rising Global Aircraft Production & Fleet Propelling Demand for Telemetry Systems, Growing Demand for Periodic Maintenance of Aircraft and Rising Demand from Retrofitment of Old Existing Aircraft Models
The Outbreak of COVID-19 Affecting Airlines Industry which is Leading to Cancellation of International & Domestic Flights Uncertainly is Expected to be one of the Major Challenge for Short-Period of Time
High Cost of Platform
Expected Deliveries of More Than 38,000 Commercial Aircraft During the Next 20 Years will Create Huge Opportunities for Market Vendors During the Forecast Period
Market Leaders & Development Strategies
In October 2018, Flightdocs and Boeing announced that they have entered into a strategic multi-year agreement to exclusively market and sell the Flightdocs Enterprise platform, a full-service maintenance, compliance, and inventory management solution for the business and general aviation market.
In October 2019, Flightdocs announced the release of Fd Operations, a modern cloud-based solution built to manage flight schedules, trip planning, crew members, passengers, expenses and flight logs.