Global Commercial and Military Aircraft MRO Market Will Grow Steadily At A CAGR Of 3.39% Throughout The Forecast Period 2017 - 2021

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Maintenance, repair, and overhaul (MRO) enhances the life of an aircraft by increasing its operational efficiency. It includes services such as routine check-up, inspection, repair, and modification of aircraft and its components, assuring the safety and airworthiness of an aircraft. MRO is performed for airframes, engines, and components and includes thorough and extensive visual checks and nondestructive testing (NDT) for the detection of damage or corrosion. The MRO industry is characterized by steady development of advanced and innovative technologies. For instance, with the introduction of wearable technology, mobile devices can access flight-related information quickly and send information to maintenance specialists. This has helped in achieving on-time delivery of aircraft.

Technavios analysts forecast the global commercial and military aircraft MRO market to grow at a CAGR of 3.39% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global commercial and military aircraft MRO market for 2017-2021. To calculate the market size, the report considers the revenue generated from the spending on MRO carried out for commercial and military aircraft.

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

Technavio's report, Global Commercial and Military Aircraft MRO Market 2017-2021, 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
Airbus Group
Boeing
Israel Aerospace Industries (IAI)
Lockheed Martin
Rockwell Collins
SIA Engineering Company
Singapore Technologies Aerospace

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Other prominent vendors
AMECO
Aviation Technical Services
Delta TechOps
DynCorp International
Elbit Systems
Evergreen Aviation Technologies
Hong Kong Aircraft Engineering (HAECO)
Lufthansa Technik
Monarch Aircraft Engineering
SR Technics
StandardAero
Thales

Market driver
Improvements in synthetic vision avionic systems.
For a full, detailed list, view our report

Market challenge
Challenges due to high cost and unavailability of spare parts.
For a full, detailed list, view our report

Market trend
Integration of advanced weapons into aircraft.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 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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