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The recycling segment accounted for USD 632.70 billion in 2018. The aviation industry's growing fleet size, driven by air travel demand, necessitates the need for sustainable techniques to manage the increasing volume of retired aircraft. Advanced technologies like artificial intelligence and machine learning are being employed to optimize the disassembly process and improve efficiency. Aircraft components, such as engines, avionics, fuselage sections, and wing structures, are dismantled and recycled using eco-friendly methods. Materials like aluminum, titanium, and composites are segregated and processed for reuse in the USM segment, which includes recycled materials and used serviceable materials. Stringent regulations from aviation authorities ensure that the recycling process adheres to safety standards.
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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Commercial aircraft disassembly, dismantling, and recycling have gained significant attention in the aviation industry due to the increasing focus on sustainability and circular economy. Aircraft recycling centers play a crucial role in this process by recovering valuable materials, such as metal alloys and composite materials, from retired aircraft. These materials include aluminum, titanium, and composites used in aircraft components like engines, avionics, fuselage sections, and spare parts. The aviation industry, with its growing airline fleets and increasing air travel demand, generates substantial amounts of scrap metal and used serviceable materials.
Also, sustainable techniques, such as those employing artificial intelligence and machine learning, are being adopted to optimize the recycling process. Stringent regulations from aviation authorities ensure that these recycling processes adhere to safety standards. The USM segment, including used serviceable materials and recycled materials, is a cost-efficient alternative for airlines and low-cost carriers in their MRO spending. The Narrow Body segment, which includes narrow body aircraft like Boeing 737 and Airbus A320, and the Wide Body segment, including wide body aircraft like Boeing 747 and Airbus A380, are significant contributors to the recycling market. Regional jets also contribute to the recycling process. Thermoplastics, such as those used in composite materials, are increasingly being recycled using advanced techniques. The recycling & storage of these materials is essential to ensure their reusability in the aviation industry, contributing to its sustainability.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market is witnessing significant growth due to the increasing demand for sustainable practices in the aviation industry. Aircraft recycling centers play a crucial role in this process by dismantling end-of-life commercial aircraft and extracting valuable materials such as Metal alloys and Composite materials. These materials include Aluminum, Titanium, and Composites, which are in high demand for manufacturing Spare parts and other components for the aviation industry. The Circular Economy concept is driving the market, allowing airlines to reduce their fleet costs by selling Scrap metal and Used Serviceable Materials (USM) segment. The market is segmented into Narrow Body aircraft, Wide Body aircraft, and Regional Jets. MRO spending on Sustainable techniques using Artificial Intelligence and Machine Learning is also contributing to the market growth. Stringent regulations from Aviation authorities require adherence to specific recycling and storage procedures. The market includes Recycled materials and Cost-efficient recycled materials, which are essential for low-cost carriers. Engines, Avionics, and Fuselage sections are some of the critical components being recycled. The market is expected to grow further with the increasing Air travel demand and the need to reduce the carbon footprint of the Aviation industry.
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Market Scope |
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Report Coverage |
Details |
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Page number |
151 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.33% |
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Market growth 2024-2028 |
USD 911.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.01 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 38% |
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Key countries |
US, Russia, UK, Indonesia, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
A J Walter Aviation Ltd., AAR Corp., AerCap Holdings N.V., Aerocircular, AerSale Corp., Air Salvage International Ltd., Aircraft End-of-Life Solutions BV, Ascent Aviation Services, Bombardier Inc., Carlyle Aviation Partners, CAVU Aerospace Inc., China Aircraft Leasing Group Holdings Ltd., GA Telesis LLC, HVF West LLC, KLM UK Engineering Ltd., Magellan Aviation Group LLLP, RBS Global Media Ltd., Tarmac Aerosave, and Vallair |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
The commercial aircraft disassembly, dismantling and recycling market size is estimated to grow by USD 911.4 million at a CAGR of 5.33% between 2023 and 2028. The aviation industry is experiencing a significant increase in aircraft retirements, leading to a growing demand for high-quality and reliable aircraft spare parts. This trend is driven by several factors, including the aging fleet of aircraft and the continuous advancement of technology, which necessitates the replacement of outdated components. Furthermore, civil aviation regulatory requirements demand that airlines maintain their fleets in optimal condition to ensure safety and efficiency. To meet this demand, companies specializing in the production and distribution of aircraft spare parts are essential. They provide airlines with the necessary components to keep their fleets flying, ensuring minimal downtime and maximum operational efficiency. These companies must adhere to stringent quality standards and regulatory requirements to ensure the safety and reliability of their products. In summary, the increasing retirements of aircraft and the growing demand for spare parts, driven by regulatory requirements and the need for operational efficiency, make the production and distribution of aircraft spare parts a vital component of the aviation industry.
For More Highlights About this Report, Request Free Sample
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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