Summary
Performing even the minor modifications in aircraft or air transport utilities is a crucial task, which influences airline companies in reserving a large part of their expenditure for air transport modifications. Global air transport regulatory bodies and regional authorities have developed a range of standards and set of guidelines for air transport modifications, from making the interiors lighter to changing the key components of propellers and supporting engines.
The global market for air transport modifications is expected to be driven by increasing emphasis on passenger safety in airline business, pertaining to the growing number of aircraft accidents recorded across the globe. With respect to the type of aircrafts, narrowbody jets are poised to bring in the largest amount of revenues in the global air transport modifications market. Globally, Europe is pegged to represent the most lucrative region for expansion of the air transport modifications market. Increasing air traffic in countries such as the UK, Germany and France, coupled with rising fares of air tickets, will continue to put European airline companies at ease in spending more on air transport modifications.
Market Snapshot
A recently published report by OMR Market Research, titled “Global Air Transport Modifications Market Size, Status and Forecast 2022” gives an overview of the overall Air Transport Modifications market. This section sheds light on key impact-rendering drivers and constraints that are impacting the growth. It permits users to understand the different shortcomings and how they may hamper the development afterward. This segment is considered to be one of the most crucial segments of the report as it helps readers comprehend the impact of various macro and microeconomic factors on development. The role of various sectors, including small-scale and large-scale, in the expansion has also been discussed in the report. Additionally, the industry experts have put forth the current trends and prospects, which are likely to aid the growth in the upcoming years.
The global Air Transport Modifications market size is projected to reach US$ 3497.8 million by 2027, from US$ 2790.8 million in 2020, at a CAGR of 2.8% during 2021-2027.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Air Transport Modifications market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2016-2027. They have also discussed about the growth rate and potential of each segment for the period 2016-2027.
Air Transport Modifications Breakdown Data by Type
Interiors
Avionics Upgrade
Paintings
PTF Conversions
SB AD
Air Transport Modifications Breakdown Data by Application
Narrowbody Jet
Widebody Jet
Regional Jet
Others
Regional Analysis
The significant regions that are studied in the research report encompass North America, Europe, Asia Pacific, Central and South America, and the Middle East and Africa. In this section of the report, the specialists have explored various areas that are contributing to the development and can present lucrative growth prospects for the manufacturers in the forthcoming years. The report also provides region-wise and country-wise sales and revenue forecast data for the period 2021-2027.
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2016-2021. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include
Boeing Company
AAR Corp
Air France-KLM
Deutsche Lufthansa Aktiengesellschaft
Cobham
Honeywell International
Commuter Air Technology
Hawker Pacific
Textron
Field Aviation Company
Frequently Asked Questions
What factors will challenge the Air Transport Modifications market growth
Which end-use segment will expand at the fastest CAGR in the Air Transport Modifications market
Which are the emerging players in the Air Transport Modifications market
How concentrated is the Air Transport Modifications market
Which factors are positively contributing to the Air Transport Modifications market growth
Which are the novel product innovations in the Air Transport Modifications market
Which product segment will emerge as the most lucrative in the Air Transport Modifications market
Which factors are increasing the competition in the Air Transport Modifications market
Which are the strategic measures taken by the Air Transport Modifications industry players
Which region will witness inactive growth during the forecast period.
