According to the research report titled ‘Aircraft Recycling Market Size, By Aircraft (Narrow-body, Wide-body, Regional), By Product (Component [Engines, Landing Gear, Avionics], Material [Aluminum, Other Metals & Alloys]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 - 2027’, available with Market Study Report, global aircraft recycling market is projected to register a healthy growth rate over 2021-2027.
 

Global aircraft recycling market is largely driven by increasing number of ageing aircrafts, surging demand for used serviceable materials (USM), and favorable business scenario developed by major organizations like Falcon Aircraft Recycling and North American Aerospace Industries (NAAI).
 

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For the uninitiated, airplane recycling refers to the procedure of sourcing materials as well as parts from aircrafts that are nearing the end of their service. As the airline industry is set on becoming more eco-friendly and financially sustainable, aircraft recycling is gaining significance.
 

Aircraft recyclers can remove several components and materials including steel and titanium alloys, engines, foam, fluids, electronic devices, carpet and textiles, landing gears, wires, long and short glass, aluminum, and carbon fiber composites. Upon undergoing proper processing, the reusable materials can be utilized to produce various products like computers, TVs, and circuit boards.
 

In terms of product type, global aircraft recycling market is bifurcated into component and material. Under the component segmentation, landing gears value is expected to increase at a CAGR of 8.5% over the assessment period. Landing gears are generally scrapped and have a higher residual value owing to specialized metal content in them. Moreover, these components cane be reused on other aircraft post thorough cleaning, inspection, and repairing.
 

On the geographical front, Middle East & Africa industry is touted to expand considerably in the upcoming years, largely attributable to increasing number of ageing aircrafts and surging demand for used serviceable materials (USM) in the region.
 

Speaking of the competitive landscape, top-tier players in global aircraft recycling industry sphere are VAS Aero Services LLC, Universal Asset Management Inc., Sycamore Aviation Ltd., KLM UK Engineering Ltd., ComAv Technical Services, ARC Aerospace Industries LLC, Aircraft Demolition & Recycling Inc., Vallair, Total Technic Ltd., Tarmac Aerosave, Aviation International Recycling, Apple Aviation, Air Salvage International, Aircraft Part-Out Company (APOC) B.V., and Aircraft End-of-Life Solutions (AELS) B.V.