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(USGovernment-News.Com, July 15, 2016 ) Airline companies across the world seek to refurbish their aircraft with the latest upgrades to improve their operational efficiency, increase the lifespan of aircraft, and to perform cost-effective operations. Depending on the type of aircraft, different kinds of upgrading and modernization can be carried out on avionics as well as in aircraft cabin interiors like seats, galley, food storage equipment, windows, windshields, lavatory, and aerodynamic retrofit. Development of lightweight materials with the use of titanium has also led the airlines to achieve optimum payload to range ratio of an aircraft.
Technavios analysts forecast the global aircraft refurbishing market to grow at a CAGR of 5.24% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global aircraft refurbishing market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market.
The market is divided into the following segments based on geography: Americas APAC EMEA
New report, Global Aircraft Refurbishing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors AAR Ameco Aviation Partners Boeing L-3 Communications Aviation Recorders ST Aerospace
Other prominent vendors Global AirWorks HAECO Honeywell Lufthansa Technik Rockwell Collins Zodiac Aerospace
Market driver Growing demand for premium economy class For a full, detailed list, view our report
Market challenge Complexities in decision-making For a full, detailed list, view our report
Market trend Increasing popularity of VIP cabins For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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