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.
Regional Analysis
The Global Helicopter MRO Market has been segmented, by region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
North America is leading the market with a valuation of USD 9,049.8 Million in 2018. North America has the highest number of MRO facilities for both civil and military helicopters in the world. Moreover, with the continuously changing nature of warfare, the US Department of Defense (DoD) is investing in the upgrade of its existing fleet of helicopters. The regional market is expected to register a CAGR of 3.97% 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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