The forecast for modification, conversion, and overhaul of previously accepted aircraft sales in the US from 2024 to 2028 shows a consistent downward trend. Starting with $4.2389 billion in 2024, projections indicate a gradual decline to $3.8257 billion by 2028. When compared to the actual 2023 data, this signifies a year-on-year decrease of approximately 2.5% from 2024 onwards. Over the forecasted period, the compound annual growth rate (CAGR) reflects a negative trend, averaging approximately -2.5% annually.
Future trends to watch for:
- Technological advancements that could influence overhaul processes.
- Evolving regulatory environments affecting the aircraft modification sector.
- Economic factors potentially impacting expenditure on aircraft upkeep.
- Market shifts towards new aircraft purchases affecting the overhaul market.
