Aircraft MRO Market Growth Analysis By 2027 | Key Players: AAR Corp, Barnes Group Inc., Collins Aerospace, Inc., Delta TechOps, FL Technics, GE Aviation, Lufthansa Technik AG

Aircraft MRO Market research report now available at MarketStudyReport.com delivers a thorough analysis of the industry trends influencing the global business scenario. In addition, the report offers definitive information pertaining to the commercialization aspects, revenue estimation, and market size of the industry. The report overtly defines the status of key players in the competitive landscape while including their portfolio and geographical expansion endeavors.

The digital transformation in the aviation industry substantially impacts all areas of the supply chain of the aviation industry, including air traffic management, aircraft operations, and aircraft and component manufacturing and servicing. The data-driven technologies such as data analytics which helps in tracking aircraft MRO activities in real-time would also optimize the air travel experience of crew and passengers. In addition, other advanced technologies such as AI and machine learning facilitates the airline crew and management to understand the airworthiness of the aircraft. This enable the airline to opt for MRO services. Also, the MRO service providers incorporate AI technologies to boost their procedures by easily and efficiently conducting visual checks and understanding the degree of maintenance and repairs required on the aircraft. Thus, growing trend of inclusion of digital technologies such as AI and machine learning is driving the aircraft MRO market.

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The global aircraft MRO market has also been analyzed on basis of five major regions such as North America, Europe, APAC, MEA, and SAM.

The major players profiled in the global aircraft MRO market are AAR Corp, Barnes Group Inc., Collins Aerospace, Inc., Delta TechOps, FL Technics, GE Aviation, Lufthansa Technik AG, Rolls-Royce PLC, Singapore Technologies Engineering Ltd, and Turkish Technic Inc. The global aircraft MRO market accounted for US$ 80.38 Bn in 2018 and is expected to grow at a CAGR of 4.6% over the forecast period 2019-2027, to account for US$ 119.41 Bn by 2027.

Considering the growing competition worldwide, the implementation of digital technologies is a necessary step toward the growth of MRO companies; this helps them create a continuous stream of data flowing through different levels of the supply chain, further streamlining the communication between the stakeholders and accelerating innovation in various operations.

Furthermore, to implement digitization in the aviation industry for automating and streamlining the processes, governments around the world are undertaking initiatives to spread awareness about digital technologies. For instance, IATA, a US government regulated body, initiated digital aircraft operation that enable airlines in recognizing the aircraft component that require more effective maintenance, repair, and overhaul activities. Thus, such governmental initiatives encourage the airlines to opt for MRO activities frequently, which further help the airports to boost their aircraft MRO facilities. Hence, growing demand for digital technologies among the airlines as well as aircraft MRO service providers to boost respective business is catalyzing the growth of aircraft MRO market.

Additionally, the aviation industry in the Southeast Asia region is one of the fastest-growing in Asia as well as globally. In 2017, Thailand's Suvarnabhumi Airport and Singapore's Changi Airport became the first airports in the Southeast Asia region that handled more than 60 million annual passengers. Apart from swift economic growth, the immense growth of low-cost carriers has been the main driver of air traffic growth in the Southeast Asia region which also impact the growth of aircraft MRO market positively. Thus, potential countries in terms of the aviation industry in Southeast Asia region, such as Singapore, Malaysia, Thailand, and others, generate more revenue for the aircraft MRO market in the APAC region.

The Asia Pacific is a diverse region that houses more than 4 billion population, and also comprises of dynamic economies that cumulatively generate 35% of the global GDP. The aviation industry in the region is widely a pivotal contributor to its social and economic development. In the year 2017, Asia Pacific surpassed North America in terms of the leading digital travel market. The growth of Asia has been primarily contributed by the wide range of income levels and rapidly growing middle class. This resulted in robust sales gain in fast-developing economies of the region, such as India and China. APAC is expected to be the region experiencing ample of opportunities for providers of aircraft MRO services.

The global aircraft MRO market has been segmented on the basis of component, aircraft type, and end-user. Based on component, the aircraft MRO market has been segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. Based on aircraft type, aircraft MRO market has been segmented into fixed wing aircraft and rotary wing aircraft. Further, based on end-user, aircraft MRO market has been segmented into commercial and military.

The overall global aircraft MRO market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global aircraft MRO market. It also provides an overview and forecast for the aircraft MRO market based on all the segmentation provided for the global region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the aircraft MRO industry.

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TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Aircraft MRO Market Landscape
4.1 market overview
4.2 Ecosystem Analysis
4.3 Porter's Five Forces Analysis
5. Aircraft MRO Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Demand for MRO Services in Emerging Economies
5.1.2 Emergence of Digital Technology for MRO Industry
5.2 Restraints
5.2.1 OEMs Entering the Aftermarket
5.3 Opportunities
5.3.1 Accentuating Trend of Retrofitting of Older Aircraft Fleet
5.4 Future Trends
5.4.1 Blockchain Technology Changing MRO Landscape
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft MRO Market - Global Analysis
6.1 Global Aircraft MRO Market Overview
6.2 Global Aircraft MRO Market Forecast and Analysis
6.3 Market Positioning
7. Aircraft MRO Market Revenue And Forecast To 2027 - Component
7.1 Overview
7.2 Global aircraft MRO Market Breakdown, By Component, 2018 and 2027
7.3 Engine MRO Market
7.3.1 Overview
7.3.2 Engine MRO Market Forecast and Analysis
7.4 Avionics MRO Market
7.4.1 Overview
7.4.2 Avionics MRO Market Forecast and Analysis
7.5 Airframe MRO Market
7.5.1 Overview
7.5.2 Airframe MRO Market Forecast and Analysis
7.6 Cabin MRO Market
7.6.1 Overview
7.6.2 Cabin MRO Market Forecast and Analysis
7.7 Landing Gear MRO Market
7.7.1 Overview
7.7.2 Landing Gear MRO Market Forecast and Analysis
7.8 Other Market
7.8.1 Overview
7.8.2 Other Market Forecast and Analysis
8. Aircraft MRO Market Revenue And Forecast To 2027- By Aircraft Type
8.1 Overview
8.2 Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027
8.3 Fixed Wing Market
8.3.1 Overview
8.3.2 Fixed Wing Market Revenue And Forecast to 2027 (US$ Bn)
8.4 Rotary Wing Market
8.4.1 Overview
8.4.2 Rotary Wing Market Revenue And Forecast to 2027 (US$ Bn)
9. Aircraft MRO Market Revenue And Forecast To 2027- By End-User
9.1 Overview
9.2 Aircraft MRO Market Breakdown, By End-User, 2018 and 2027
9.3 Commercial Market
9.3.1 Overview
9.3.2 Commercial Market Forecast and Analysis
9.4 Military Market
9.4.1 Overview
9.4.2 Military Market Forecast and Analysis
10. Aircraft MRO Market - Geographical Analysis
10.1 Overview
10.2 North America Aircraft MRO Market Revenue and Forecast To 2027

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