Aircraft Heavy Maintenance Visits Market 2019

Aircraft Heavy Maintenance Visits Market
Research Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Aircraft Heavy Maintenance Visits Market Research Report - Forecast to 2023
Global Aircraft Heavy Maintenance Visits (HMV) Market Report Information by Type (Airframe HMV,
Engine HMV, Other Component HMV), by Aircraft Type (Fixed Wing (Wide-body, Narrow-body), & Rotary
Wing), Platform (Commercial & Cargo) & by Region-Forecast Till 2023
Aircraft heavy maintenance visits (HMV) are the periodic inspections carried out on all commercial/civil airplanes after a
certain amount of time or usage. In case of military aircraft, specific maintenance schedule is followed, which may or may
not be similar to those of commercial/civil operators.
On the basis of type, the aircraft HMV market has been segmented into airframe HMV, engine HMV, and component HMV.
Airframe maintenance is carried out at a lower unit cost. Low-cost maintenance is possible because of the increased usage
of lightweight fiber materials and hybrid alloys in the new-generation aircraft. This provides better fatigue and erosion
resistance than the materials that were used in the conventional aircraft. As a result, there is a lesser failure rate and lower
wear and tear, which minimizes the requirement for the airframe maintenance.
In the engine HMV segment, advancements in engine technologies have led to the development of more fuel-efficient
engines, which can operate at greater temperatures and high stresses. Such engines require highly skilled maintenance
service providers to carry out maintenance on the advanced and complex engines parts. The complexity of the maintenance
increases the cost associated with it. Engine maintenance visits are performed on a scheduled basis, which includes repair,
maintenance, inspection, and preventive maintenance to restore the performance of the engine. Engine maintenance is
often divided into floor visit overhaul work and Life-Limited Parts (LLP) maintenance work. In these maintenance visits, the
engine is detached from the aircraft for a period and after maintenance, the engine is assembled to the aircraft, which
results in high maintenance costs. Due to these reasons, the engine HMV market segment will contribute the largest share
and will have a moderate rate of growth, during the forecast period.
Report Sample@ https://www.marketresearchfuture.com/sample_request/6056
2
www.marketresearchfuture.com
Aircraft Heavy Maintenance Visits Market Research Report - Forecast to 2023
Concurrently, the turboprop engines are expected to drop in fleet size and market share. It is expected that, there will be a
decrease in the number of turboprop-powered aircraft, during the forecast period. Therefore, the HMV market for
turboprop-powered aircraft will witness a slower growth as compared to the other aircraft.
Component maintenance is carried out on the shop floor. During component maintenance, parts removed from the aircraft
are returned in serviceable conditions before they are reattached. Airlines are responsible for ensuring the maintenance
services offered by the Maintenance, Repair, and Overhaul (MRO) service providers, adhere to the aviation safety
regulations. The factors responsible for driving the growth of the aircraft component HMV market are the increasing MRO
contracts, component MRO outsourcing, an easy readiness of spares, lower labor rates, and the increased flight
frequencies.
On the basis of aircraft type, the market is segmented as fixed wing & rotary wing, fixed wing is further bifurcated as widebody aircraft and narrow-body aircraft. Low-cost airline operators generally prefer narrow-body aircraft. Of late, due to the
growth in air travel, Asia Pacific holds a major potential in the aircraft MRO market. The aircraft HMV market is growing at a
rapid pace, owing to the growing number of MRO facilities in emerging countries, such as India, Indonesia, and China.
On the basis of platform, this market is segmented by cargo and commercial aircraft. Although the cargo aircraft fleet will
play an important role in air service, its relative share with respect to the commercial airline fleet will decrease, over the
next decade. This drop in the number of cargo airplanes is anticipated as the new passenger aircraft are also used for air
cargo transportation. This has resulted in the aircraft manufacturers offering more cargo space in the commercial aircraft.
The North American region headed the global aircraft HMV market, while the other regions had moderate shares, in 2017.
Due to the increasing passenger demand in Asia Pacific, the aircraft traffic in the region is expected to grow exponentially, in
the next few years. It is also expected that Asia will operate nearly 40% of the total global aircraft fleet by the end of the
forecast period. As a result, it is expected that the Asia Pacific region would witness the fastest growth, during the forecast
period. Therefore, the global aircraft HMV market is estimated to witness a CAGR of more than 6% during the forecast
period from 2018 to 2023.
3
www.marketresearchfuture.com
Aircraft Heavy Maintenance Visits Market Research Report - Forecast to 2023
4
www.marketresearchfuture.com
Aircraft Heavy Maintenance Visits Market Research Report - Forecast to 2023
Key Players
The key players in the aircraft HMV market are AAR (U.S.), Air France KLM E&M (France), Airbus S.A.S (France), Barnes
Aerospace (U.S.), Delta TechOps (U.S.), EGAT (Taiwan), Honeywell International (U.S.), Lufthansa Technik AG (Germany), ST
Aerospace (Singapore), SR Technics (Switzerland), and Turkish Technic, Inc. (Turkey).
The report for Global Aircraft Heavy Maintenance Visits Market of Market Research Future comprises extensive primary
research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key
opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of
current market scenario which includes historical and projected market size in terms of value and volume, technological
advancement, macroeconomic and governing factors in the market. The report provides details information and strategies
of the top key players in the industry. The report also gives a broad study of the different market segments and regions
Browse Report @ https://www.marketresearchfuture.com/reports/aircraft-heavy-maintenance-visitsmarket-6056
5
www.marketresearchfuture.com
ABOUT US
MARKET RESEARCH FUTURE
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting
Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research
studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and
industrial visits for its research analyst members.
For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com
Copyright © 2018 Market Research Future
All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be
circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
6
www.marketresearchfuture.com
THANK YOU
MARKET RESEARCH
FUTURE
salesteam@marketresearchfuture.com
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
7
www.marketresearchfuture.com

Global Aircraft Heavy Maintenance Visits (HMV) Market Report Information by Type (Airframe HMV, Engine HMV, Other Component HMV), by Aircraft Type (Fixed Wing (Wide-body, Narrow-body), & Rotary Wing), Platform (Commercial & Cargo) & by Region-Forecast Till 2023

Download Report