Its report, 'Global Aircraft Refurbishing Market 2016-2020', provides an in-depth analysis of market growth in terms of revenue and emerging market trends. To calculate the market size, the report considers the revenue generated in the overall market. It also presents the market segmentation based on commercial aircraft type (narrow-body cabin, wide-body cabin, VIP aircraft, and passenger-to-freight conversions), and geography (Americas, EMEA, and APAC).

“The demand for aircraft modernization has increased due to the growing demand for next-generation products and systems,” says Arushi Thakur, Technavio’s senior industry manager for aerospace components research.

Source: Technavio