Global Market Study on Air Transport Modifications: Interior Mods to Account for 50% of Global Market Revenues During 2017 - 2026


Air Transport Modifications  Market
  • Report code : PMRREP21667 |
  • Industry : Automotive |
  • Published On : Jan-2018 |
  • Pages : 170 Pages |
  • Format :

Persistence Market Research’s new publication – a comprehensive forecast study and in-depth analysis on the global market for air transport modifications – offers valuable insights and key presumptive scenarios. The study has been developed to assess the future of the global air transport modifications market for the period, 2017-2026. The report consists of several chapters that have analyzed the forecast expansion of the global air transport modifications market across multiple levels. Pricing analysis, detailed competition assessment, supply chain breakdown, and raw material sourcing strategy categorization are among the key chapters that provide crucial pointers on the expansion of the global air transport modifications market.

For data analysis, leading companies manufacturing the air transport modification products around the world have been contacted. The revenues of these companies for the past have been assessed, and these values have been aggregated to create baseline on the market size evaluations. The report has employed qualitative findings to decide the scope of growth for the global air transport modifications market over the forecast period. Market size forecasting conducted in the development of this report has been validated from industry experts, authentic databases, and trade analysts. The report has generated presumptive scenarios, wherein manufacturers can understand the loopholes and create new strategies towards business development.

Market Taxonomy

For the purpose of analysis, the global air transport modifications market has been segmented on the basis of product-type, aircraft-type, provider-type, and region.

Region

Product Type

Aircraft Type

Provider Type

  • North America
  • Interiors
  • Narrowbody Jet
  • OEM
  • Latin America
  • Avionics Upgrade
  • Widebody Jet
  • Non-OEM
  • Europe
  • Paintings
  • Turboprop
  • Japan
  • PTF Conversions
  • Regional Jet
  • APEJ
  • SB/ AD
  • MEA

In addition to the abovementioned segments and sub-segments, the report also offers cross-segmental analysis. While each regional market in the global air transport modifications landscape has been analyzed distinctly, the report has also delivered country-specific market forecast and analysis.

Key Advantages of the Report

A slew of factors encompassing the dynamics of the global air transport modifications market have been addressed and analyzed in this report. From changing guidelines with respect to the development and use of air transport mods, along with the standardization in the production techniques, to price volatility in procurement of raw materials, the report has discussed multitudes of information on how market players can rectify their shortcomings. Moreover, the report has provided high-level data analysis by quantifying the market size estimations is US dollars (US$) and interpreting them into metrics such as absolute dollar opportunities, compounded annual growth rates, and year-on-year growth rates. The report has also infused qualitative information with quantitative data by employing primary and secondary research methodologies.

The scope of the report is to reveal how the global air transport modifications market will shape up in the foreseeable future. The inferences provided in the report can enable market players in creating a roadmap towards future market direction. Companies can change their policies, production ratios, and expenditure to recalibrate their business development by referring to the insights provided in the report. The report has provided unbiased information in a balanced layout, and can be used as a reliable business document for strategy meetings. Impartial representation of the competition landscape in the global air transport modifications market dubs this report a yardstick to measure where the business of air transport modification manufacturers stands in the current and future environment.

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. Over the years, companies partaking in providing air transport modifications have remained greatly focused on delivering non-compromised quality of products. The key association of aircraft upgrade in improving the passenger safety and increasing the efficiency of airliners has driven the demand for air transport modifications.

global air transport modifications market

According to Persistence Market Research’s latest report, 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. The study projects that airline companies across the globe will continue to spend millions of dollars of air transport modifications in the years to come. By the end of 2026, more than US$ 7.6 Bn worth of air transport modifications are expected to be sold globally. The report further estimates that during the forecast period, 2017-2026, the global air transport modifications market will have expanded at a value CAGR of 4.9%.

The report forecasts that the global air transport modifications market will expand at a steady pace, wherein companies will actively focus on expanding their production facilities without downgrading the quality of their products. 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. By the end of 2026, the air transport modifications market in Europe will be worth nearly US$ 2.5 Bn.

Interior Modifications to Bring in Highest Share of Revenues in Global Market

The report projects that in the due course of the forecast period, air transport modifications pertaining to the interiors will account for more than half of the global market revenues. In 2017, an estimated US$ 2.5 Bn worth of interior air transport modifications were sold in the global market. A robust link between interior upgrades and enhancement of the aircraft’s fuel efficiency has driven the sales of interior mods in the global air transport modifications market. The report further reveals that avionics upgraded will emerge as the fastest-selling product-type segment in the global air transport modifications market. Over the forecast period, avionics upgrades are expected to register the highest value CAGR of 6%.

Demand for Modifications to Remain High among Narrowbody Jets

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. The revenues amassed by the sales of air transport mods across narrowbody jets around the world is expected to touch US$ 4 Bn by the end of 2026. The report further reveals that majority of air transport modifications sold across the globe will be provided by OEMs. Through 2026, OEMs will account for nearly 60% of global air transport modification market revenues.

Key manufacturers providing air transport modifications have been profiled in the report. Boeing Company, AAR Corp, Air France-KLM SA, Deutsche Lufthansa Aktiengesellschaft, Cobham plc, Honeywell International Inc., Commuter Air Technology, Inc., Hawker Pacific Pty Limited, Textron Inc., and Field Aviation Company Inc. are observed as the leading companies developing products on air transport modifications and providing them to airliners across the globe. These companies are expected to remain active in the expansion of the global air transport modifications market through 2026.

Company Profiles

  • AAR Corporation
  • China National Aviation Holding Company
  • Air France-KLM SA,
  • British Airways PLC
  • Delta Air Lines, Inc.
  • General Electric Company.
  • John Swire & Sons HK Ltd
  • Iberia Lineas Aereas de Espana S.A. 
  • Deutsche Lufthansa Aktiengesellschaft
  • MTU Aero Engines AG
  • Mubadala Investment Company
  • Singapore Technologies Aerospace Ltd.
  • Others
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