Strategic Assessment of Aerospace Aftermarket

Focus on Type, Aircraft Class, and Industry - Analysis and Forecast, 2020-2030 March 2020 TOC

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Preface

In recent years, OEMs are focusing toward introducing aftermarket services such as parts, maintenance, repair, and digital services as such kind of aftermarket services enable OEMs to leverage significant revenue streams with higher profit margins than sales of new equipment. However, OEMs at times may lose ground to independent MROs or other third-party part manufacturers attributed to less expensive services offered by such MROs and third-party part manufacturers. Thus, to retain the market share, OEMs must identify the loopholes by having a detailed examination of aftermarket lifetime value, which, in turn, also help them boost the core business during the forecast period.

Currently, narrowbody aircraft are gaining more popularity owing to significant new additions of narrowbody fleets by replacing old narrowbody and turboprop fleets during the forecast period. The market has considerably evolved in developed regions such as North America and Europe and is gaining popularity in geographies such as the Asia-Pacific and Middle East and Africa (ME&A). Further, it is experiencing further growth because of continued research and development activities through huge investments by various MRO service providers for the maintenance of intermediate narrowbody aircraft

The market research study offers a wide perspective of the different types and industries pertaining to the global aerospace aftermarket and analyzes its impact on different regions by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host ofpaidandunpaiddatabases),alongwiththeanalyticaltoolsthat havebeenusedto build theforecast and the predictive models.

Global Aerospace Aftermarket

This report is designed to address some of the most crucial questions about the global aerospace aftermarket:

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What are the trends in the global aerospace aftermarket across different regions?

What are the major driving forces that tend to increase the demand for aerospace aftermarket during the forecast period 2020-2030?

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What are the major challenges inhibiting the growth of the global aerospace aftermarket?

Which type (line and base maintenance, components, engine, airframe) is expected to dominate the aerospace aftermarket in the coming years?

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What is the total revenue generated in global aerospace aftermarket by aircraft class in 2019 and what are the estimates by 2030?

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Which industry of aerospace aftermarket (commercial and military) is expected to dominate the market in the coming years?

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What was the total revenue generated by the global aerospace aftermarket across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, and what are the estimates by 2030?

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Who are the key players in the global aerospace aftermarket, and what are the new strategies adopted by them to make a mark in the industry?

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What major opportunities do the aerospace aftermarket companies foresee in the next 10 years?

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What is the competitive strength of the key leading players in the aerospace aftermarket?

The reporthighlightsthe keydriving factorsand challengesforthis market as wellasthe opportunities for the aerospace aftermarket. In the extensive primary research process undertaken for this study, the primarysources include industryexpertsand key executivesfrom prominent companies, and their distributors in the aerospace aftermarket industry. This report segments the market and breaks down the industry geographically as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa

BIS Aerospace and Defense

March 2020

Global Aerospace Aftermarket

List of Tables

Table 1: Market Snapshot: Global Aerospace Aftermarket, $Billion, 2019 and 2030 14

Table 2.1: Overview: Key Companies in Aerospace Aftermarket 31

Table 7.1: Global Aerospace Aftermarket (by Region), $Billion, 2019-2030 64

Table 7.2: Key Stats of North America Aerospace Aftermarket .........................................................66

Table 7.3: Key Stats of Europe Aerospace Aftermarket 68

Table 7.4: Key Stats of Asia-Pacific Aerospace Aftermarket 71

Table 7.5: Key Stats of Middle East and Africa Aerospace Aftermarket............................................74

Table 7.6: Key Stats of Latin America Aerospace Aftermarket 77

List of Figures

Figure 1: Market Dynamics of the Aerospace Aftermarket 12

Figure 2: Aerospace Aftermarket Value ($Billion)- Scenario Forecast, 2019 and 2030 12

Figure 3: Global Aerospace Aftermarket, $Billion, 2019, 2025, 2030 13

Figure 4: Global Aerospace Aftermarket (by Type), Share (%), 2019, 2025, and 2030....................15

Figure 5: Global Aerospace Aftermarket (by Aircraft Class), Share (%), 2019, 2025, and 2030 16

Figure 6: Global Aerospace Aftermarket (by Industry), Share (%), 2019, 2025, and 2030 17

Figure 7: Global Aerospace Aftermarket (by Region), $Billion, 2019 19

Figure 1.1: Market Dynamics Snapshot ..............................................................................................21

Figure 1.2: Impact Analysis: Drivers and Restraints 22

Figure 1.3: Global Defense Budget, $Billion, 2019 23

Figure 1.4: Aircraft Delivery Scenario, Units, 2018-2038....................................................................25

Figure 1.5: New Technicians Demand by Region, 2020-2040 26

Figure 1.6: Problems with Spare Parts Inventory 27

Figure 2.1: Key Strategies Adopted by Market Players 34

Figure 2.2: Percentage Share of Strategies Adopted by the Market Players, January 2018-February 2020.......................................................................................................35

Figure 2.3: Partnerships, Collaborations, Joint Ventures, and Business Contracts by Key Market Players, January 2018 – February 2020 ...........................................................36

Figure 2.4: Service or Program Launches by the Key Market Players, January 2018 –February 2020.................................................................................................................37

Figure 2.5: Facility Expansion by the Key Market Players, January 2018–February 2020 38

Figure 2.6: Other Key Developments Made by the Key Market Players, January 2018 –February 2020 39

Figure 2.7: Competitive Benchmarking, 2019 40

Figure 3.1: Global Aerospace Aftermarket, Revenue ($Billion), 2019-2030......................................43

Figure 4.1: Global Aerospace Aftermarket (by Type) 44

Figure 4.2: Global Aerospace Aftermarket (by Type), $Billion, 2019-2030 45

Figure 4.3: Global Aerospace Aftermarket for Engine, $Billion, 2019-2030 ......................................45

Figure 4.4: Global Aerospace Aftermarket for Components, $Billion, 2019-2030 46

Global Aerospace Aftermarket

Figure 4.5: Global Aerospace Aftermarket for Line and Base Maintenance, $Billion, 2019-2030.........................................................................................................47

Figure 4.6: Global Aerospace Aftermarket for Airframe, $Billion, 2019-2030 49

Figure 5.1: Global Aerospace Aftermarket (by Aircraft Class) 50

Figure 5.2: Global Aerospace Aftermarket (by Aircraft Class), $Billion, 2019-2030..........................51

Figure 5.3: Global Aerospace Aftermarket for Narrowbody, $Billion, 2019-2030 51

Figure 5.4: Global Aerospace Aftermarket for Widebody, $Billion, 2019-2030 53

Figure 5.5: Global Aerospace Aftermarket for Helicopter, $Billion, 2019-2030 .................................54

Figure 5.6: Global Aerospace Aftermarket for Transport, $Billion, 2019-2030..................................55

Figure 5.7: Global Aerospace Aftermarket for Fighters, $Billion, 2019-2030 56

Figure 5.8: Global Aerospace Aftermarket for Regional Jet, $Billion, 2019-2030 56

Figure 5.9: Global Aerospace Aftermarket for Turboprop, $Billion, 2019-2030.................................58

Figure 6.1: Global Aerospace Aftermarket (by Industry) 59

Figure 6.2: Global Aerospace Aftermarket (by Industry), $Billion, 2019-2030 60

Figure 6.3: Global Aerospace Aftermarket for Commercial, $Billion, 2019-2030..............................60

Figure 6.4: Global Aerospace Aftermarket for Military, $Billion, 2019-2030 ......................................61

Figure 7.1: Classification of Global Aerospace Aftermarket Market (by Region) 63

Figure 7.2: North America Aerospace Aftermarket, $Billion, 2019-2030 64

Figure 7.3: Europe Aerospace Aftermarket, $Billion, 2019-2030.......................................................67

Figure 7.4: Asia-Pacific Aerospace Aftermarket, $Billion, 2019-2030 69

Figure 7.5: Middle East and Africa Aerospace Aftermarket, $Billion, 2019-2030 72

Figure 7.6: Latin America Aerospace Aftermarket, $Billion, 2019-2030 75

Figure 8.1: Global Aerospace Aftermarket Segmentation..................................................................78

Figure 8.2: Global Aerospace Aftermarket Research Methodology 79

Figure 8.3: Data Triangulation 81

Figure 8.4: Top-Down and Bottom-Up Approach................................................................................82

Figure 8.5: Influencing Factors for the Global Aerospace Aftermarket 83

Figure 8.6: Assumptions and Limitations 84

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