Aircraft Component MRO Market – 2019 


Overview:

Aircraft Component maintenance, repair, and operations (MRO) services are essential in order to ensure the smooth operation of an aircraft. Market Research Future (MRFR) has published a research report about the

Global Aircraft Component MRO Market That Presumes Proliferation At 5.54% CAGR (Compound Annual Growth Rate) For This Market Between 2016 And 2023. By Value, This Market Is Expected To Be Worth The US $ 15,021.4 Mn By The End Of Forecast Period.

The primary factor driving the global aircraft component MRO market growth is growing international trade between countries, leading to the increased frequencies of cargo planes. The second factor driving market growth is a necessity to conduct timely checks or repairs of airplane components in order to ensure efficient performance and safe air travel. The third factor is the increased need for proper maintenance of engines & components. Remaining market driving factors include increased focus of original equipment manufacturers (OEMs) on aircraft MRO service and rapid aircraft fleet expansion.

The global aircraft component MRO market segmentation has segmented the market into aircraft type, application, component, and lastly, region. By aircraft type, this market has been segmented into narrow-body aircraft, regional transport aircraft, and wide-body aircraft. The application-based segmentation segments the market into business & general aviation, commercial air transport, and military aviation. Based on the component, the market has been segmented into empennage, engine, fuselage, landing gear, wings, and others.

The regional segmentation of the global aircraft component MRO market has segmented the global market into regional markets known as the Asia Pacific, North America, Latin America, Europe, the Middle East & Africa (MEA). During the forecast period, the market in North America is expected to grow due to the presence of many major MRO service providers in the region, technological advancement, the growing need for aircraft inspection, the high purchasing power of consumers, and strong aviation market due to most people preferring air travel. The vital country-specific markets in this region are USA, Canada, and Mexico.

Key Players

The key players in the global aircraft component MRO market include AAR Corp. (USA), Air France Industries KLM Engineering & Maintenance (France), Barnes Aerospace (USA), Delta TechOps (USA), FL Technics (Lithuania), Lufthansa Technik AG (Germany), Hong Kong Aircraft Engineering Company Limited (HAECO) (Hong Kong), Honeywell International (USA), ST Aerospace (Singapore), and Turkish Technic Inc. (Turkey).

Global Aircraft Component MRO Market Information by Aircraft Type (Wide-body Aircraft, Narrow-body Aircraft, Regional Transport Aircraft), By Component (Fuselage, Empennage, Landing Gear, Wings, Engine and Others), By Application (Commercial Air Transport, Business and General Aviation, Military Aviation) And Region - Forecast To 2023 : https://www.marketresearchfuture.com/reports/aircraft-component-mro-market-1665



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