The Air Transport Modifications Market To Be On An Innovatively Servile Mode In Automotive Sector At A CAGR Of 4.5% Between 2017-2026

According to a recently published report by Persistence Market Research, the demand for air transport modifications is pegged to gain steady traction in the foreseeable future. The study projects that by the end of 2026, more than US$ 7.6 Bn worth of air transport modifications will be sold across the globe. Increasing expenditure on upgrades by airline companies, coupled with the surging air traffic in developed countries, is slated to bolster the growth of the global air transport modifications market during the forecast period, 2017-2026. The global air transport modifications market is estimated to expand at a CAGR of 4.9%, registering a steady growth in terms of revenues.

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Connected car and electrification are the running trends in the automotive vertical. Electric vehicles are the talk of the emerging markets as well. Also, revolution on the part of after-sales is expected. This comes in light of call for certainty. Also, there would be a paradigm shift to computing power (from horsepower). In other words, automakers are needed to re-invent themselves in the form of digital company.

Automotive digital retail would be another form of organized automotive market. Contract durations would also be flexible. Easier vehicle swapping would be turning the tide in the favour of consumers. Persistence Market Research is looking through every facet of the automotives vertical through its dedicated team of analysts and consultants.

Europe – Most Lucrative Market for Air Transport Modifications
Proactive lifestyles of consumers in developed regions such as North America and Europe have fuelled the overall air travel. Consumers in the US and several European countries are frequently air flyers, which is translating into huge profits for airline companies. Domestic airliners in European countries are particularly spending more on air transport modifications. Enhancing the travel experience and rendering utmost fuel efficiency are the key motives of European airline companies that are driving them towards adopting air transport modifications. In 2017, more than US$ 1.5 Bn worth of air transport modifications have been sold in Europe. The report further reveals that North America’s air transport modifications market will reach US$ 2 Bn value by 2026-end, while sales of air transport modifications in the Asia-Pacific excluding Japan (APEJ) region will register fastest growth during the forecast period.

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High Demand for Interior Mods; Narrowbody Jets to Register Highest Revenue Share through 2026
Key findings from the report reveal that almost every other product sold in the global air transport modifications market will be used to upgrade the interiors of the aircraft. In 2017, interior mods worth over US$ 2.5 Bn have been sold in the global air transport modifications market. The report further reveals that majority of air transport modifications being sold will be used in narrowbody jets. Airline companies are expected to register higher uptake for narrowbody jet modifications through 2026. The study further reveals that OEMs will be the largest providers of air transport modifications in the global market, accounting for nearly three-fifth share of global revenues throughout the forecast period.

Leading companies manufacturing air transport modifications have been profiled in the report. AAR Corp, Boeing Company, Deutsche Lufthansa Aktiengesellschaft, Air France-KLM SA, Cobham plc, Hawker Pacific Pty Limited, Commuter Air Technology, Inc., Honeywell International Inc., Field Aviation Company Inc., and Textron Inc. will be recognized as the key players in the global air transport modifications market through 2026.

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This release was published on openPR.