Aircraft Refurbishing Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast from 2023 to 2029

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.

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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