Newly published report by Visiongain says “Commercial Aircraft Mro Market Set To Grow To $111.5 Bn By 2028”
30 July 2018
Visiongain’ has launched a new Aviation report Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market Report 2018-2028: Forecasts by Heavy Airframe Maintenance, Aircraft Engine MRO, Component MRO, Line Maintenance, as well as Regional Market Forecasts and Leading Company Profiles.
Aviation safety regulators, as well as OEMs, state that airframes, engines and components are required to undergo scheduled maintenance that includes detailed inspection, maintenance, preventive maintenance, repair and replacement of parts, which require aircraft to be removed from service for a pre-determined period of time. Such requirements entail the strip down of an airframe where each component is inspected thoroughly. Parts are replaced and re-assembled prior to testing before the aircraft is re-certified as airworthy and re-enters service to complete another cycle of flight hours before the next scheduled inspection is due. Removal, inspection and replacement of parts are routine to coincide with the lifecycle process and regulatory and OEM technical guidelines. Aircraft can also be removed from service in the event of an unscheduled maintenance event if a component has experienced a failure that jeopardises the safe operation and well-being of passengers and crew.
The visiongain report analyst commented “Commercial aircraft MRO will continue to be a key part of the aviation market, given the high standards of airworthiness commercial aircraft are expected to adhere to. Visiongain understands this market to be dynamic, with numerous competitors present. Given the critical role played by MRO in civil aviation, the outlook for this market is positive.”
Leading companies featured in the report who are involved in commercial aircraft MRO include Boeing Company, GE Aviation, Air France Industries KLM Engineering & Maintenance, Airbus SAS, and AAR Corporation.
Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100
Recent News
Visiongain Publishes Airport Security Market Report 2023-2033
The global Airport Security market was valued at US$12,211.2 million in 2022 and is projected to grow at a CAGR of 8.5% during the forecast period 2023-2033.
25 May 2023
Read
Visiongain Publishes Hypersonic Technology Market Report 2023-2033
The global Hypersonic Technology market was valued at US$5,548 million in 2022 and is projected to grow at a CAGR of 7.2% during the forecast period 2023-2033.
02 May 2023
Read
Visiongain Publishes Business and Private Jet Market Report 2023-2033
The global Business and Private Jet market was valued at US$28.11 billion in 2022 and is projected to grow at a CAGR of 16.2% during the forecast period 2023-2033.
21 April 2023
Read
Visiongain Publishes Aviation Maintenance, Repair & Overhaul (MRO) Market Report 2023-2033
The global aviation maintenance, repair & overhaul (MRO) market was valued at more than US$78 billion in 2022 and is projected to grow at a CAGR of 4.9% during the forecast period 2023-2033.