Aircraft Refurbishment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The refurbishment or modification of interior or the exterior of an aircraft has grown significantly. The prominent owners of airlines are increasingly being undertaken the retrofit of their aircraft. Increase in passenger traffic in narrow-body aircraft is demand for the internal renovation to extend the capacity is also boosting the market growth. Also, the government support in middle-east for refurbishing aircraft has fueled the aircraft refurbishment market growth.

MARKET SCOPE

The "Global Aircraft Refurbishment Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft refurbishment market with detailed market segmentation by refurbishing services, aircraft type, and geography. The report provides key statistics on the market status of the leading Aircraft refurbishment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of refurbishing services, the market is segmented as interior and exterior.
  
•   On the basis of aircraft type, the market is segmented as commercial, military, and avionics.
  

MARKET DYNAMICS
Drivers:

•   Increase in aircraft fleet size, the advent of advanced technologies, raised demand for revamping and maintenance cost are some of the key drivers of the aircraft refurbishment market.
  
•   Also, the growing demand for low budget luxury aircraft driving the market. On the other hand, Increase in the requirement for VIP aircraft is creating an opportunity for the aircraft refurbishment market.
  

Restraints:

•   Reduced demand for older refurbished parts hindering the aircraft refurbishment market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft refurbishment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft refurbishment market in these regions

IMPACT OF COVID-19 ON AIRCRAFT REFURBISHMENT MARKET

The major players in aircraft refurbishment market includes Ascent Aviation Services, Crane Aerospace and Electronics, and Lufthansa Technik. The COVID-19 pandemic has severely impacted their businesses. Experts believe that COVID-19 could affect the aircraft refurbishment market, owing to factors such as manufacturing shutdown, the limited staff at manufacturing facilities, and shortage of equipment. However, the aircraft refurbishment market is expected to grow in the forecast period.

Aircraft Refurbishment Market Report Analysis

Aircraft Refurbishment Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ASCENT AVIATION SERVICES.
• Raytheon Technologies Corporation
• Crane Aerospace and Electronics
• FACC AG
• Honeywell International Inc.
• GKN Aerospace Services Limited
• Jamco America, Inc.
• Lufthansa Technik
• Thales Group

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Refurbishing Services

• Interior
• Exterior

By Aircraft Type

• Commercial
• Military
• Avionics

MARKET PLAYERS

The report covers key developments in the Aircraft refurbishment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft refurbishment market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft refurbishment in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft refurbishment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ASCENT AVIATION SERVICES.
  
•   Raytheon Technologies Corporation
  
•   Crane Aerospace and Electronics
  
•   FACC AG
  
•   Honeywell International Inc.
  
•   GKN Aerospace Services Limited
  
•   Jamco America, Inc.
  
•   Lufthansa Technik
  
•   Thales Group
  
•   The NORDAM Group LLC
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aircraft Refurbishment Report Scope