Maintenance, repair, and overhaul (MRO) enhances the life of an aircraft by increasing its operational efficiency. It includes services such as routine check-up, inspection, repair, and modification of aircraft and its components, assuring the safety and airworthiness of an aircraft. MRO is performed for airframes, engines, and components and includes thorough and extensive visual checks and nondestructive testing (NDT) for the detection of damage or corrosion. The MRO industry is characterized by steady development of advanced and innovative technologies. For instance, with the introduction of wearable technology, mobile devices can access flight-related information quickly and send information to maintenance specialists. This has helped in achieving on-time delivery of aircraft.
Technavio’s analysts forecast the global commercial and military aircraft MRO market to grow at a CAGR of 3.39% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global commercial and military aircraft MRO market for 2017-2021. To calculate the market size, the report considers the revenue generated from the spending on MRO carried out for commercial and military aircraft.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Commercial and Military Aircraft MRO Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • AAR • Airbus Group • Boeing • Israel Aerospace Industries (IAI) • Lockheed Martin • Rockwell Collins • SIA Engineering Company • Singapore Technologies Aerospace
Other prominent vendors • AMECO • Aviation Technical Services • Delta TechOps • DynCorp International • Elbit Systems • Evergreen Aviation Technologies • Hong Kong Aircraft Engineering (HAECO) • Lufthansa Technik • Monarch Aircraft Engineering • SR Technics • StandardAero • Thales
Market driver • Improvements in synthetic vision avionic systems. • For a full, detailed list, view our report
Market challenge • Challenges due to high cost and unavailability of spare parts. • For a full, detailed list, view our report
Market trend • Integration of advanced weapons into aircraft. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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