Global Commercial Aircraft MRO Market to grow at a CAGR of 3.45% during Forecast period 2016-2020

Albany, NY, March 16, 2017: MRO plays an important role in extending the life of an aircraft by increasing the operational efficiency. It includes services such as overhaul, routine check-up, inspection, repair, and modification of aircraft and their components. These services assure the safety and airworthiness of aircraft. MRO services are conducted on engines, airframe, and components and involve careful examination to detect damages or corrosions caused inside the skin of the aircraft, engine valves, and all the parts where an extensive check is required.

The global commercial aircraft MRO market to grow at a CAGR of 3.45% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global commercial aircraft MRO market for 2016-2020. To calculate the market size, the report considers the spending on MRO carried out for aircraft. The average MRO cost for the airframes, engine, and components for performing line maintenance (which includes A-check, B-check, C-check, and D-check) has been taken into consideration.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Commercial Aircraft MRO Market 2016-2020, 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
- ATS
- Lufthansa Technik
- ST Aerospace
- SIA Engineering

Other prominent vendors
- Ascent Aviation
- Delta TechOps, USA
- Evergreen Aviation Technologies
- Hong Kong Aircraft Engineering Co. Ltd
- Monarch Aircraft Engineering
- SR Technics
- Textron Aviation

Market driver
- Rapid development in ultrasonic technique
- For a full, detailed list, view our report

Market challenge
- Complexities in supply chain due to growing technological advancements
- For a full, detailed list, view our report

Market trend
- Distinct R&D and business models
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 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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