Aircraft Refurbishing Market size was valued at US$ 7.32 Bn. in 2022 and the total revenue is expected to grow at 5.1 % through 2023 to 2029, reaching nearly US$ 10.37 Bn.
Aircraft Refurbishing Market Overview:
The Aircraft Refurbishing Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Aircraft Refurbishing Market, as well as the causes for variances in the industry’s growth in various places.
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Aircraft Refurbishing Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Aircraft Refurbishing Market Drivers:
An increase in expenditure on maintaining aircraft has resulted in a rise in outsourcing aircraft-related maintenance and refurbishing work. The rising preference for giving refurbishing work to a third party by aircraft manufacturing and operating firms present in the developed nations has propelled the demand for Aircraft Refurbishing in recent years.
Aircraft Refurbishing differs from aircraft maintenance and handles avionics assembly along with improving the visual appearance of the aircraft. The guidelines by the International Civil Aviation Organization states that a thorough check must be done of aircraft assembly before every journey and should go under thorough safety standard inspection once every month. The constant need for repair work in the interior and exterior of the aircraft and the demand to cover that work with a visually soothing artwork has resulted in a rise in demand for Aircraft Refurbishing by the global civil aviation industry.
A report by Inmarsat published in March 2018 states that 6 out of every 10 frequent flyers look at the internet as a basic need rather than a luxury. This report has resulted in a rising demand for connected aircraft and for updating existing technology by the aviation firms. An increase in demand for installing new technology in avionics and rising demand for improving the visual structure of aircraft has resulted in a growth in demand for Aircraft Refurbishing.
Aircraft Refurbishing Market Segmentation:
by Aircraft Type
Wide-body Aircraft
Narrow-body Aircraft
by Service Type
Interior Refurbishing
Exterior Refurbishing
by Refurbishing Type
Passenger-to-Freighter
Avionics
Connectivity System
Modular Aircraft Cabin
Freight Section Development
VIP Cabin Development
Others
by Fitting Type
Passenger Seats
IFEC and Lightings
Retrofit
by End User
Government
Commercial
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Aircraft Refurbishing Market Key Players: The key players are
1. Executive Aircraft Interiors
2. InTech Aerospace
3. Winch Design
4. Airjet Designs
5. Alberto Pinto
6. Andrew Winch Designs
7. ARGENT
8. AAR
9. Ascent Aviation Services
10. JCB Aero
11. COMLUX
12. Sia Engineering Company
13. Greenpoint Technologies
14. International Jet Interiors
15. Jean-Louis Deniot
16. Jet Aviation
17. LINLEY
18.Terence Disdale Designs
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Aircraft Refurbishing Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Aircraft Refurbishing Market Table of Content:
Part 01: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Part 02: Scope of the Report
Part 03: Global Aircraft Refurbishing Market Landscape
Part 04: Global Aircraft Refurbishing Market Sizing
Part 05: Global Aircraft Refurbishing Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Questions Answered in the Aircraft Refurbishing Market Report are:
- Which sub-segment had the largest share in the Aircraft Refurbishing Market?
- How is the competitive landscape of the Aircraft Refurbishing Market in 2023?
- Which are the key drivers impacting the Aircraft Refurbishing Market growth?
- Which region holds the maximum share in the Aircraft Refurbishing Market?
- What will be the CAGR of the Aircraft Refurbishing Market during the forecast period (2023-2029)?
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