Aircraft Refurbishing Market - Global Industry Analysis and Forecast (2024-2030)

Aircraft Refurbishing Market Overview

The process of updating and modernizing the exterior and/or interior of an aircraft to improve its appearance, usability and compliance with current regulations and passenger expectations is called "aircraft refurbishing". This includes upgrades such as furniture, entertainment systems and air conditioning.

 

The aircraft refurbishing market encompasses the business of renovating and upgrading aircraft interiors and exteriors to meet regulatory requirements, enhance passenger comfort, and incorporate modern technology. It serves both commercial airlines and private jet owners seeking to improve aircraft functionality and aesthetics.

 

Technological advancements and regulatory measures are driving dynamic changes in the global aircraft refurbishing market. High-speed Internet connectivity and interactive displays are examples of advances in cabin technology that are becoming typical of passenger expectations and work efficiency. This development is supported by advances in energy-efficient technologies and lightweight materials that meet environmental standards for ecological flying.

 

However, the supply chain of critical elements such as titanium has been affected by geopolitical considerations such as the conflict between Russia and Ukraine, which affects project delays and costs worldwide. Despite these obstacles, the market is expanding significantly, especially when it comes to the restoration of narrow-body aircraft, which are valued for their economical and flexible operation. On the other hand, when long-haul traffic begins to recover, the need to upgrade wide-body aircraft emphasizing luxury and passenger comfort will increase.

 

North America dominates the regional aircraft refurbishing market because of its large fleets and major airlines' continuous modernization initiatives. Airlines' attempts to improve passenger experience and operational efficiency are driving expansion in important areas such as passenger seats, in-flight entertainment systems, and cabin lighting. All things considered, businesses hoping to profit from the growing worldwide market for airplane refurbishing must successfully navigate regulatory difficulties and harness technology breakthroughs.

 

 

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Aircraft Refurbishing Market Dynamics

Advances in technology and increasing regulatory requirements are influencing the renovation and modernization of the cabin.

Changes in regulations have a significant impact on the aircraft refurbishing market as  airlines and operators must modify their current aircraft to meet new safety, environmental and operational criteria as aviation authorities impose them. For example, firefighting regulations or emergency lighting systems in cabins often require improvements, which increases the demand for renovation services.

 

Changing environmental regulations are pushing aviation in a more environmentally friendly and fuel-efficient direction. This requires installing modern lightweight materials and energy-efficient technology in older aircraft. The aircraft refurbishing market is also driven by technical improvements that provide new cabin comforts and connectivity. High-speed Internet access, in-flight entertainment and a modern cabin design that maximizes comfort and efficiency are becoming standard equipment for passengers.

 

Companies such as Panasonic Avionics and Thales Group offer modern aircraft interior technology solutions such as wireless streaming, interactive displays and digital networks. These solutions are essential to meet passenger expectations and optimize operational efficiency.

 

Advances in materials science have made it possible to create lighter and more durable internal components that increase fuel efficiency and reduce maintenance costs over the life cycle of the aircraft. modern materials and manufacturing processes, companies investing in R & D, such as Boeing Global Services and Airbus Services, are leading innovation in cabin refurbishing of the global aircraft refurbishing market.

 

Growing demand for customized and luxury furnishings on private and VIP aircraft.

The global aircraft refurbishing market is shaped by the significantly increasing demand for luxury, bespoke furniture for private and VIP aircraft. This trend is driven by a number of important reasons that represent the changing tastes and expectations of wealthy individuals, businesses, and public organizations that use private and VIP aviation services.

 

High-class customers have a strong desire to personalize their vacation experiences. Custom interiors that not only represent the owner's tastes and preferences but also enhance in-flight comfort are highly sought after by private jet owners and VIP customers. This customization can include everything from unique interior design and luxury materials to special features such as premium seats, advanced entertainment systems and cutting-edge networking capabilities.

 

As a result, the demand for aircraft refurbishing market has increased. Companies that specialize in decorating VIP aircraft, such as Greenpoint Technologies and Jet Aviation, accommodate these special needs. By offering specialized design consultations, creative ways to maximize cabin space and seamless integration of cutting-edge technology into the aircraft environment, these companies succeed in turning customer wishes into reality.

 

The trend towards luxury furnishings in VIP and private jets reflects a wider cultural movement towards perceived luxury. A private jet is a prestigious and exclusive insurance, as well as a means of transportation for wealthy individuals and business executives. Therefore, an aircraft owner or operator can invest in high-quality materials, expert craftsmanship and distinctive design aspects that enhance the overall brand and image of the aircraft.

 

New trends in interior design and flight technology have increased the possibilities of building spacious and useful areas in airplanes. To meet the demands of their customers, manufacturers and restoration specialists are constantly innovating, ensuring that each project represents the highest level of elegance and sophistication.

 

Impact of Russia Ukraine War on Global Aircraft Refurbishing Market

The war between Russia and Ukraine has several significant effects on the global aircraft refurbishing market. One of the most significant impacts is the disruption of the supply chain for aviation materials and components. Titanium is an important component used in the construction and maintenance of aircraft, and both Russia and Ukraine are major producers of the material. The conflict has affected the overall cost structure and schedules of aircraft refurbishment projects worldwide, causing supply chain disruptions, cost increases, and uncertainty over the availability of key materials.

 

International trade and commerce have been hampered by geopolitical tensions and economic sanctions against Russia. Companies that refurbish aircraft and have operations or business connections in Russia or Ukraine face operational risks, financial constraints, and regulatory barriers. This made procurement, logistics, and fulfilment difficult, which can affect project budgets and schedules.

 

The cautious aircraft refurbishing market environment has also been exacerbated by the wider economic effects of the war, which include unstable currencies, unstable aircraft refurbishing markets, and changes in energy costs. Due to economic uncertainty and risk management concerns, investment decisions for inexpensive projects such as aircraft repairs were delayed or re-evaluated.

 

The geopolitical environment has affected the demand for air services and travel patterns worldwide. Private and VIP aircraft utilization rates are affected by geopolitical tensions and uncertainties, thus affecting the need for renewal and conversion services. These factors can also hinder business and leisure travel.

 

The ongoing conflict between Russia and Ukraine has created obstacles for the global aircraft refurbishing market. These issues include supply chain disruptions, regulatory difficulties, economic uncertainty and changes in travel demand. Companies in the industry must carefully address these challenges to mitigate risks and capitalize on new opportunities as geopolitical dynamics change.

 

Aircraft Refurbishing Market Segment Analysis

Based on Aircraft Type, according to SMR analysis, the global aircraft refurbishing market in 2023 was dominated by narrow-body aircraft. The main reason for this dominance is the growing demand for single-aisle aircraft such as the Airbus A320 and Boeing 737 series, which are preferred by airlines for their lower operating costs, versatility on short and medium-haul routes, and operational efficiency. compared to wide-body aircraft.

 

 

The need to restore narrowbody aircraft is increasing for several reasons such as, the number of narrow-body aircraft in service has increased dramatically due to the rise of low-cost carriers (LCCs) and regional carriers. This resulted in a constant need for cabin renovations to maintain passenger comfort and operational requirements and due to cabin technology and customer expectations, airlines are forced to invest in upgrading cabin interiors with advanced seating, in-flight entertainment systems, and improved connectivity options.

 

• For example, companies such as Boeing and Airbus have extensive cabin customization capabilities that allow airlines to tailor interiors to meet specific brand and customer experience goals, and demands for improved passenger safety and comfort have increased the need for advanced cabin amenities and layouts.

 

However, the wide-body aircraft category is the fastest-growing in the domestic aircraft market. The post-pandemic recovery in long-haul travel is boosting demand for retrofitting wide-body aircraft such as the Boeing 777 and Airbus A380. In response to the growing demand for comfort and luxury on long-haul flights, airlines are investing in modernizing cabin interiors with better connectivity, state-of-the-art entertainment systems, and premium seats.

 

For instance,

• On August 17, 2022, Emirates, one of the largest airlines operating today, has announced that it plans to completely refurbish the interiors of 120 Airbus A380 and Boeing 777 aircraft.

 

Narrow-body aircraft dominated the aircraft refurbishing market, but wide-body aircraft is expected to grow at the fastest rate, driven by passenger comfort and demand for advanced amenities and the recovery of long-haul travel.

 

Based on Fitting Type, according to SMR Analysis, Passengers seats dominated the global aircraft refurbishing market in 2023, owing to several influencing factors that have increased investment and demand. During flights, these seats are essential to improve passenger comfort, satisfaction, and safety. Airlines around the world are aggressively adding modern materials and ergonomic design to passenger seats, as well as modern features like reclining seats, adjustable headrests, and integrated entertainment controls. In addition to improving the onboard experience, this technical development also meets changing safety and legal requirements, ensuring a safe and enjoyable journey for passengers.

 

Airlines are taking advantage of the opportunity to customize their cabins with products from well-known manufacturers such as Zodiac Aerospace and Recaro. Therefore, they can customize the passenger seat design to better fit their brand and improve the overall passenger experience. In a highly competitive industry, airlines can attract and retain passengers seeking customized travel experiences by offering personalized seating arrangements and amenities.

 

More benefits of the passenger seats design are RASM performance optimization and cabin space efficiency. In line with the environmental goals of airlines, improved seats in airplanes become more comfortable, lighter and use less fuel. The adoption of a comprehensive passenger seat renewal strategy underlines its important role in airline's efforts to improve passenger satisfaction, operational efficiency and overall competitiveness in the global aircraft refurbishing market.

 

For instance,

 

• In 2024, Emirates announced significant investments in upgrading passenger seats as part of its broader cabin refurbishment program for Airbus A380 and Boeing 777 aircraft. The airline aimed to introduce new seat designs with advanced ergonomic features and personalized entertainment systems to elevate passenger comfort and satisfaction.

 

• In 2023, Delta embarked on a comprehensive passenger seat refurbishment program for its fleet of narrow-body and wide-body aircraft. This initiative included retrofitting premium economy and business class seats with state-of-the-art materials and functionalities to enhance passenger comfort and experience on long-haul routes.

 

• British Airways invested in upgrading passenger seats across its fleet, focusing on both economy and premium cabins. The airline introduced innovative features such as enhanced legroom, USB charging ports, and adjustable headrests, catering to diverse passenger preferences and expectations.

 

 

In-flight entertainment systems (IFES) and cabin lighting is expected to grow at fastest rate during forecast period of the global aircraft refurbishing market. To improve passenger engagement, airlines around the world are investing in IFES upgrades with high-definition displays, wireless connectivity and personalized content delivery systems.

 

• For example, Singapore Airlines and Qatar Airways have enhanced their IFES offerings by adding ambient lighting and an immersive entertainment option, increasing the overall happiness of passengers.

 

Aircraft Refurbishing Market Regional Insights

According to SMR analysis, North America dominated the aircraft refurbishing market in 2023, due to a large fleet of aircraft and ongoing modernization projects by major airlines such as American Airlines and Delta Air Lines continued to invest heavily in modernizing in-flight services and improving passenger comfort through cabin interior upgrades. The region's focus on technological innovation and safety compliance has fueled strong growth in aircraft refurbishing market.

 

Europe has also been a major player due to its strong aviation sector and strict regulations, in the aircraft refurbishing market in 2023. Leading airline renovation projects were British Airways and Lufthansa, which upgraded passenger seats with features such as more legroom and state-of-the-art entertainment systems. The region's commitment to sustainability created a strong demand for high-quality materials and environmentally friendly interior solutions, which in turn supported the growth of aircraft refurbishing market.

 

As airline fleets and demand for air travel have grown, the Asia-Pacific region has become a dynamic growth center for aircraft refurbishing market. Airlines in countries like China, Japan and India have focused on adding new seats and improving cabin aesthetics. For example, Air China and Japan Airlines have invested in upgrading the interiors of their planes to offer passengers a great experience with soft sofas and personalized amenities.

 

In 2023, the Middle East emerged as the second fastest growing region in the aircraft refurbishment market after North America and Europe. Airlines such as Emirates and Qatar Airways have led renovation projects in the area, focusing on improving passenger comfort and cabin space. Emirates has invested heavily in modernizing the cabins of its Boeing 777 and Airbus A380 aircraft, adding state-of-the-art seats and entertainment systems to enhance the in-flight experience. The Middle East's dominant position in the conversion market stems from its strategic location as a global air traffic hub and its commitment to service excellence.

 

Aircraft Refurbishing Market Competitive Landscape

Strategic mergers, acquisitions, investments and partnerships aimed at improving capabilities and expanding market reach characterize the competitive landscape of the aircraft refurbishing market. Companies such as HAECO Group, Lufthansa Technik AG and ST Engineering Aerospace continued to dominate the market due to their extensive service offering and extensive global presence.

 

Companies wanted to expand their geographic reach and service offering, acquisitions and mergers were common. For example, to provide complete overhaul solutions, ST Engineering Aerospace has increased its capacity by partnering with OEMs and purchasing MRO facilities.

 

Recent developments included technological advancements in cabin retrofitting, such as the integration of advanced IFES and connectivity solutions by companies like Thales and Panasonic Avionics. Investments in eco-friendly cabin solutions and sustainable materials were also notable, driven by regulatory pressures and airline preferences for greener technologies.

 

Airlines and renewal service providers have worked together more closely to develop customized solutions and improve operations. For example, collaboration between Airbus and cabin interior manufacturers has helped create modular cabin models that improve flexibility and productivity during renovation procedures.

 

• In February 2024, Singapore’s top defence contractor has signed preliminary maintenance, repair, and overhaul contracts with French and Brazilian companies.ST Engineering signed contracts for MRO work at last week’s Singapore Airshow. They include the Airbus C-295 medium transport aircraft and the Embraer C-390 Millennium airlifter.

 

• In November 2023, JETMS Completions, a company specializing in aircraft interior and exterior finishing, was set to launch a cabin refurbishment and overhaul initiative for the incoming fleet of Airbus A380 aircraft belonging to the UK-based start-up carrier, Global Airlines.

 

• In December 2023, Dassault Systemes said that, in order to improve the maintenance, repair, and overhaul procedures for its fleet of Rafale aircraft, which is operated by the French Ministry of Armed Forces, Dassault Aviation has increased its use of the 3DEXPERIENCE platform on a dedicated cloud infrastructure.

 

• In February 2022, US airline Flexjet bought Constant Aviation for an undisclosed price. With this acquisition, Flexjet expands its aviation maintenance support infrastructure for commercial aviation and plans to build new facilities in Sanford, expanding its maintenance footprint in the heart of Florida. Constant Aviation is an American company that provides aviation maintenance, repair and overhaul (MRO) services.

 

Aircraft Refurbishing Market Scope

Aircraft Refurbishing Market
Market Size in 2023	USD 6.05 Bn.
Market Size in 2030	USD 9.34 Bn.
CAGR (2024(2030)	6.22%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments Analysis	By Aircraft Type Wide body Aircraft Narrow body Aircraft
	By Service Type Interior Refurbishing Exterior Refurbishing
	By Refurbishing Type Passenger to Freighter Commercial Aircraft Cabin Refurbishing VIP Cabin Refurbishing
	By Fitting type Passenger Seats IFES & Lighting Retrofit
	By End User Government Commercial
Regional Scope	North America (United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Russia, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa ( South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Aircraft Refurbishing Key players

 

North America

1. HAECO Americas
2. AAR Corp.
3. Duncan Aviation
4. Flying Colours Corp.
5. StandardAero
6. Jet Aviation (part of General Dynamics)

Europe

7. Lufthansa Technik
8. ST Engineering Aerospace (Europe)
9. Fokker Services
10. RUAG MRO International
11. Air France Industries KLM Engineering & Maintenance (AFI KLM E&M)
12. Aerotron (part of Magnetic MRO)

Asia Pacific

13. HAECO Hong Kong
14. ST Aerospace (Asia Pacific)
15. GAMECO (Guangzhou Aircraft Maintenance Engineering Co., Ltd.)
16. SIA Engineering Company (SIAEC)
17. GMF AeroAsia
18. TAE Aerospace

Middle East & Africa

19. Jet Aviation (Middle East)
20. AMAC Aerospace
21. ExecuJet Middle East
22. Ethiopian Airlines Maintenance & Engineering Services
23. Joramco (part of Dubai Aerospace Enterprise

South America

24. TAP Maintenance & Engineering
25. Embraer Services