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Aircraft Modernization, Upgrade, and Retrofit Market 2015-2019

Aircraft Modernization, Upgrade, and Retrofit Market 2015-2019

About civil aircraft modernisation

Airlines across the world are seeking to retrofit their aircraft with the latest upgrades to improve the operational efficiency, increase the life span of an aircraft, and to be cost effective. Depending on the types of aircraft, retrofits, upgradation, and modernization are performed on avionics, including seats, galley, food storage equipment, windows, windshields and lavatory, and aerodynamic retrofit.

Technavio's analysts forecast the global commercial aircraft modernisation and upgrade and retrofit market to grow at a CAGR of 3.98% over the period 2014-2019.

Covered in this report

The report includes the present scenario and the growth prospects of the global commercial aircraft modernisation and upgrade and retrofit market for the period 2015-2019. The market can be segmented into three divisions, namely, narrow-body aircraft, wide-body aircraft, and regional jets.

Technavio's report, Global Commercial Aircraft Modernisation and Upgrade and Retrofit Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • AAR
  • Ameco Beijing
  • Aviation Partners Boeing
  • L-3 Communications
  • ST Aerospace
Other prominent vendors
  • Global AirWorks
  • HAECO
  • Honeywell
  • Rockwell Collins
  • Zodiac Aerospace
Market driver
  • Implementation of light-weight seats
  • For a full, detailed list, view our report
Market challenge
  • Issues with aircraft LED light fixtures
  • For a full, detailed list, view our report
Market trend
  • Modernization in aircraft windows
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Modernization and Upgrade and Retrofit Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Commercial Aircraft Modernization and Upgrade and Retrofit Market: ST Aerospace, Ameco, Boeing, AAR and L-3 Communications

Other Prominent Vendors in the market are: Global AirWorks, HAECO, Honeywell, Rockwell Collins and Zodiac Aerospace

Commenting on the report, an analyst from Technavio’s team said: “Airlines are continuously shifting toward cabin customization to improve the customer inflight experience through the introduction of innovatively designed cabins that meet customers' needs. For example, in the Boeing 787 Dreamliner, the pull-down plastic shades and small windows are replaced by larger windows with a dimming effect through which the light can be adjusted. These windows are 65% larger and 19 inches taller than the standard aircraft windows and, thus, enable the user to see a lot more of their surroundings. For example, Air New Zealand started utilizing these windows in 2015 for its new Boeing Dreamliner 787-9 on the Sydney to Auckland route.”

According to the report, globally, the airline market is facing issues with increased fuel prices, which affect aircraft operating costs significantly. In 2003, operating costs were valued at 14% and had risen by 30% by 2013, globally, due to rising fuel charges. This has put immense pressure on airlines and aircraft manufacturers to upgrade and modernize cabin interiors such as existing aircraft seats. This has led to the implementation of lightweight seats for business and economy classes of short and medium-haul fleets.

Further, the report states that issues with aircraft LED light fixtures is a major challenge affecting the market growth.

Companies Mentioned

ST Aerospace, Ameco, Boeing, AAR, L-3 Communications, Global AirWorks, HAECO, Honeywell, Rockwell Collins, Zodiac Aerospace

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global commercial aircraft modernization and upgrade and retrofit market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
      • Table Global aerospace and defense supply chain system
      • Table Global aerospace and defense value chain system
  • Market segmentation by aircraft type
    • Global commercial aircraft modernization and upgrade and retrofit market by aircraft type
      • Table Segmentation of global commercial aircraft modernization and upgrade and retrofit market by aircraft type
      • Table Segmentation of global commercial aircraft modernization and upgrade and retrofit market by aircraft type 2014
      • Table Segmentation of global commercial aircraft modernization and upgrade and retrofit market by aircraft type 2019
      • Table Segmentation of global commercial aircraft modernization and upgrade and retrofit market by aircraft type 2014-2019 ($ billions)
    • Global commercial aircraft modernization and upgrade and retrofit market for narrow-body
      • Table Global commercial aircraft modernization and upgrade and retrofit market for narrow-body 2014-2019 ($ billions)
    • Global commercial aircraft modernization and upgrade and retrofit market for wide-body
      • Table Global commercial aircraft modernization and upgrade and retrofit market for widebody 2014-2019 ($ billions)
    • Global commercial aircraft modernization and upgrade and retrofit market for regional jets
      • Table Global commercial aircraft modernization and upgrade and retrofit market for regional jets 2014-2019 ($ billions)
  • Geographical segmentation
    • Geographical segmentation of global commercial aircraft modernization and upgrade and retrofit market 2014-2019
      • Table Geographical segmentation of market 2014 (% share)
      • Table Geographical segmentation of market 2019 (% share)
      • Table Geographical segmentation of market 2014-2019 ($ billions)
    • Commercial aircraft modernization and upgrade and retrofit market in Americas
      • Table Global commercial aircraft modernization and upgrade and retrofit market in Americas 2014-2019 ($ billions)
    • Commercial aircraft modernization and upgrade and retrofit market in EMEA
      • Table Global commercial aircraft modernization and upgrade and retrofit market in EMEA 2014-2019 ($ billions)
    • Commercial aircraft modernization and upgrade and retrofit market in APAC
      • Table Global commercial aircraft modernization and upgrade and retrofit market in APAC 2014-2019 ($ billion)
  • Market drivers
    • Table List of market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table List of market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table List of market trends
  • Vendor landscape
    • Competitive scenario
      • Table List of key vendors
    • Other prominent vendors
  • Key vendor analysis
    • AAR
      • Table AAR: Business segmentation by revenue 2015
      • Table AAR: Business segmentation by revenue 2014 and 2015 ($ billions)
    • L-3 Communications Aviation Recorders
    • ST Aerospace
      • Table ST Aerospace: Business segmentation
    • Ameco
    • Aviation Partners Boeing
      • Table Aviation Partners Boeing: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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