Aircraft Modification Market Report 2024 | Forecast, Market Size, Growth, Trends
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Report Insights: According to Cognitive Market Research, the global aircraft modification market size will be USD 96814.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 38725.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 29044.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 22267.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4840.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1936.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The equipment modification category is the fastest growing segment of the aircraft modification industry
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