Press release
Aircraft Conversion Market Development Trends, Competitive Landscape and Key Growth by 2028
Aircraft Conversion Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Aircraft Size (Narrow-body Freighters, Wide-Body Freighters); Conversion Type (Freighters, Combis, Quick-Change) and GeographyAircraft conversion is done on the production built and other pre-owned passenger aircraft that are converted to freighters (P2F). Conversion of passenger aircraft into a freighter extends the economic life of an aircraft, which benefits numerous cargo airlines that choose to operate a first-hand quality converted freighter. The rising need for long haul, high volume freighter capacity, and increase in cargo loading volumes across the world are driving the global aircraft conversion market.
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Companies Profiled in this report includes: Aeronautical Engineers, Inc., Israeli Aerospace Industries, Boeing, ELBE FLUGZEUGWERKE GMBH, Airborne Maintenance & Engineering Services, Precision Aircraft Solutions, ST Engineering, KELOWNA FLIGHTCRAFT, Kuehne+Nagel, Cascade Aerospace Inc.
IMPACT OF COVID-19 ON AIRCRAFT CONVERSION MARKET
The outbreak of the COVID-19 has severely impacted aviation related industry due to international travel bans and halt in passenger flights. Moreover, the shutdown of various markets and industries due to disruptions in the supply chain led to a decrease in cargo and freighter aircraft production. However, the rising demand for transportation of goods across the world, including healthcare products and essential supplies has created an ample market for aircraft conversion players to offer their services to airlines. Furthermore, major companies in the market have seen an upward spike in orders from numerous airlines to convert their passenger aircraft to freighter aircraft. For instance, in October 2021, the well-established Israel Aerospace Industries has signed a deal for the conversion of Airbus A330-300 aircraft from passenger to freighter configuration for Avolon, the world's third largest aircraft leasing business. Therefore, the initial impact of COVID-19 pandemic on the market was negative but the market is regaining momentum with the rising demand of cargo aircrafts and obsolescence of passenger aircrafts.
MARKET DYNAMICS
Drivers:
Significantly increases the performance of vehicles with high acceleration and speed
Rubber tracks reduce degree of weight
Retrofitting of other tracks with rubber tracks in existing vehicle in military
Restraints:
Reduced maneuverability due to low-lateral stiffness of the product as compared to steel tracks
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Table of Content:
1.INTRODUCTION
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AIRCRAFT CONVERSION MARKET LANDSCAPE
5.AIRCRAFT CONVERSION MARKET - KEY MARKET DYNAMICS
6.AIRCRAFT CONVERSION MARKET - GLOBAL MARKET ANALYSIS
7.AIRCRAFT CONVERSION MARKET - REVENUE AND FORECASTS TO 2028 - AIRCRAFT SIZE
8.AIRCRAFT CONVERSION MARKET - REVENUE AND FORECASTS TO 2028 - CONVERSION TYPE
9.AIRCRAFT CONVERSION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.INDUSTRY LANDSCAPE
11.AIRCRAFT CONVERSION MARKET, KEY COMPANY PROFILES
11.1. AERONAUTICAL ENGINEERS, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ISRAELI AEROSPACE INDUSTRIES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOEING
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ELBE FLUGZEUGWERKE GMBH
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