The Global Aircraft MRO Market Was Valued US$ 80.38 Bn In 2018 And Is Expected To Reach US$ 119.41 Bn By 2027 With A CAGR Growth Rate Of 4.6% In The Forecast Period From 2019 To 2027.

The maintenance, repair, and overhaul (MRO) process is an essential and unavoidable aspect of every business. A proper MRO of an aircraft or its component can help businesses to avoid significant risks to their survival. Thus, aviation industry players majorly focus on creating appropriate business processes and infrastructure to support. The growth of the commercial as well as military segments in the aviation industry is likely to fuel the MRO market growth during the forecast period. Further, due to growth in the global population that can afford air travel is one of the factors boosting the growth of the aviation MRO market. With the increase in the population, the demand for new aircraft procurement is also rising along with the surge in shift timings, thus leading to the need for frequent MRO activities. Additionally, improved service quality, increased competition, and lowered service fares are among the crucial factors benefitting both mature and developing market segments around the globe.

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Key vendors engaged in the Aircraft MRO market and covered in this report:

1. AAR Corp
2. Barnes Group Inc.
3. Collins Aerospace
4. Delta TechOps
5. FL Technics
6. GE Aviation
7. Lufthansa Technik
8. Rolls-Royce Plc
9. Singapore Technologies Engineering Ltd.
10. Turkish Technic Inc.

The deployment of various retrofitting technologies, which refers to the implementation of newer technologies on older aircraft fleet, help increase passenger comfort and safety and also facilitates the airlines in maintaining their older fleet. The continuous advancements in the aircraft technologies is resulting in up-gradation of MRO capabilities. This is due to the fact that the MRO service providers are constantly seeking up gradation and procurement of newer technologies in order to service the newer aircraft as well as retrofit the upgraded technologies on the older aircraft fleets. The global commercial airlines in the current scenario are holding on to their older aircraft fleet owing to the drop in fuel prices. This factor is compelling the airlines to opt for MRO activities frequently, which is facilitating the MRO service providers to offer the airlines to retrofit the aircraft fleet with newer technologies. The retrofitting trend is soaring among the MRO service providers, which is driving the growth of aircraft MRO market. Similar trend is also anticipated to continue over the years, and thus, integration of advanced and modern technologies on older aircraft fleet is expected to change the aircraft MRO market landscape as well as face of aviation industry.

Researchers also carry out a comprehensive analysis of the recent regulatory changes and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.

Key points from Table of Content:

1. Introduction
2. Key Takeways
3. Research Methodology
4. Aircraft MRO Market Landscape
5. Aircraft MRO Market - Key Market Dynamics
6. Aircraft MRO Market - Global Market Analysis
7. Aircraft MRO Market - Revenue And Forecasts To 2025 - Type
8. Aircraft MRO Market - Revenue And Forecasts To 2025 - Technology
9. Aircraft MRO Market - Revenue And Forecasts To 2025 - End User
10. Aircraft MRO Market Revenue And Forecasts To 2025 - Geographical Analysis
11. Industry Landscape
12. Aircraft MRO Market, Key Company Profiles

Scope of the study:

The research on the Aircraft MRO market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Aircraft MRO market on the basis of end user, product type, application, and demography for the forecast period 2017–2025. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Aircraft MRO market.

Aircraft MRO Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Major highlights of the report:

• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Study of niche industrial sectors
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market

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