Market Synopsis
Aircraft docking systems boost an MRO's profitability. Globally MRO spending is expected to rise from USD 81.9 billion in 2019 to USD 116 billion by 2029. Apart from the growing fleet size, the market will be driven by more expensive maintenance visits and technological enhancements.
The average Y-o-Y growth for the global MRO market is expected to be 3.5% from 2019 to 2029; the in-service fleet is anticipated to grow at 3.9% annually between 2019 to 2024 as compared to 3.3% for the next five years.
The growth in aviation, both military and commercial, is driving the global docking systems market.
Aircraft maintenance is a critical and complex process which must be rigidly adhered to in order to maintain aircraft operability. The greatest stimulus to commercial aviation has been the high safety standards that are implemented. The decrease in the number of aviation accidents is achieved only by strict adherence to the safety standards, which is only possible by timely and detailed maintenance. This is directly driving the global docking systems market.
Due to the numerous types of aircraft built and the detailed nature of their complete maintenance, the docking systems market is divided into multiple specialized categories catering not only to specific aircraft components but also to specific aircraft types.
Regional Analysis
North America: The largest regional market for docking systems, North America is home to the world's largest aviation industry and has the greatest number of air passengers. These factors serve to drive the docking system market for this region.
Airline MROs are adding capacity in North America. United Airlines and Southwest Airlines are set to open new hangars in Los Angeles and Houston, respectively, for their maintenance operations. This will add to the demand for docking systems. The North America aftermarket, including the US, Canada, and Mexico, is set to generate USD 187.6 billion from 2019 to 2028.
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Segmentation
By Platform: This segment is divided into commercial, military, and general aviation. The commercial docking systems market is the largest and fastest growing in the segment due to the growth of the commercial aviation industry. This industry relies on safety with commercial aviation suffering losses with every major aviation mishap. Docking systems are indispensable for aircraft maintenance, a fact which is driving the market.
Military aircraft must always be kept in optimal condition. Docking systems have had to evolve given the unique design of many major military aircraft, which also serves as a driver for the global docking systems market.
General aviation comprises simpler aircraft that must undergo regular maintenance for them to be airworthy. They can be serviced by simpler docking systems, which ensures that older docking systems are not obsolete, adding value to the docking systems market.
By Type: There are numerous docking systems designed to cater to specific aircraft components. Nose docks are designed to ensure the fast and efficient maintenance of aircraft noses. The newer designs reduce ground time by allowing easy access to the nose, with height adjusters, and catering to narrow- and wide-body aircraft.
Engine docks can bear a lot of weight and are usually designed for long use due to the comprehensive nature of an engine check. Comprehensive engine checks take over 1000 man-hours to complete which is reflected in the design features of engine docks.
Fuselage docks cater to maintaining of the fuselage, which is usually difficult to reach. Fuselage docks offer mobility along with rotational capabilities.
Wing docks emphasize a lightweight design to enhance their mobility to ensure the shortest amount of ground time for the aircraft.
Tail docks have multiple platforms so that technicians can reach all parts of the aircraft tail for maintenance. They can cater to both narrow- and wide-body aircraft due to their design.
Complete/combination docks combine all types of docks into one design for the complete maintenance and overhaul of aircraft. Used for the time-consuming 3C and D checks, these platforms come equipped with an array of technologies to aid in aircraft maintenance.
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