Overview
Helicopter MRO Market is expected to reach USD 12,342.1 Million by 2025 at a CAGR of 4.55% during the forecast period.
MRO ensures the airworthiness of helicopters for the safety of passengers, crew, and operations. As the MRO industry is heavily regulated by regional and international aviation agencies, OEMs and operators are required to adhere to stringent policies and regulations. Furthermore, key players providing helicopter MRO services are required to obtain certifications and approvals from the necessary aviation safety agencies.
Segmental Analysis
The Global Helicopter MRO Market has been segmented based on type, helicopter type, and application.
By type, the market has been segmented into airframe heavy maintenance, engine maintenance, component maintenance, and line maintenance. Component maintenance encompasses various small and large components in helicopters. As the spare parts and sub-systems for helicopters are easily available, the costs involved in component maintenance are less as compared to other types of maintenance. This type of maintenance is carried out frequently as it is not time-consuming. Companies such as Airbus SAS, Bell Helicopters, and Boeing provide the standard spare parts for helicopters.
Based on helicopter type, the global helicopter MRO market has been divided into light helicopter (9.0 tons). Heavy helicopters have a carrying capacity of over 9 tons. These helicopters are used largely in the military to transport troops, combat vehicles, and artillery. For instance, the Mi-26 helicopter can carry two combat vehicles of an average weight of 10,000 kg or 150 troops on a single journey. Due to their high carrying capacity, large helicopters require frequent MRO services. Thus, the heavy helicopter (>9.0 tons) segment is expected to register a CAGR of 5.81% during the forecast period.
Europe is projected to be the second-largest market during the review period. The regional market is expected to reach USD 3,221.3 Million by 2025 at a CAGR of 4.38% during the forecast period. Asia-Pacific is projected to be the third-largest market during the review period. The regional market is expected to reach USD 1,597.1 Million by 2025 at a CAGR of 6.88% during the forecast period.
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Competitive Analysis
The key players in the Global Helicopter MRO Market are Heli-One (Canada), Honeywell International Inc. (US), Leonardo SpA (Italy), Airbus SAS (Netherlands), MTU Aero Engines AG (Germany), Rolls-Royce Holdings PLC (UK), Safran SA (France), StandardAero (US), Textron Inc. (US), and United Technologies Corporation (US).
Key Developments
• In May 2018, StandardAero commenced restructuring of its Canadian MRO facilities to create three different Centers of Excellence (CEOs) specifically for supporting helicopter airframe/component MRO services, helicopter engine MRO services, and turboprop engine MRO services.