Below are some of the key findings from the commercial aircraft MRO market research report:
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Global commercial aircraft MRO industry overview
With the present generation of engines being digitally controlled, power output is monitored at different levels of flight using sensors. These sensors are located at various key locations, and multi-dimensional data such as temperature, vibration, pressure, and oil debris is collected in real time. This has significantly reduced maintenance costs of aero-engine parts and components. However, such advanced engines are beneficial only if predictive maintenance is implemented correctly to ensure minimal downtime. Several OEMs are focusing on enhancing customer satisfaction through a wide range of flexible and innovative services. The advent of business intelligence in aviation has significantly improved the efficiency of both OEMs and MROs. Now every operator or carrier has the liberty of selecting services based on the fleet, operations, maintenance strategy, and existing IT capabilities. This the adoption of predictive maintenance tools will drive the commercial aircraft MRO market growth.
The replacement of scrap aircraft parts is one of the prominent commercial aircraft MRO market trends. To become cost-effective and eco-friendly, the aviation industry is making significant efforts in recycling parts from end-of-life aircraft. The focus is on choosing advanced materials which can help extend the durability and service life of an operational engine and ensure efficient performance. Subsequently, retrofitting of modern communication and entertainment systems on last generation aircraft is expected to result in significant business opportunities for MRO operators. The commercial aircraft MRO market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 4% during the forecast period.
Top commercial aircraft MRO companies covered in this market research report
The commercial aircraft MRO market is mature and highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this commercial aircraft MRO industry analysis report will help clients identify and design new growth strategies.
The report offers a complete analysis of various companies including:
- AAR
- Hong Kong Aircraft Engineering Company
- Lufthansa Technik
- MTU AERO ENGINES
- Singapore Technologies Engineering
Commercial aircraft MRO market segmentation based on geographic regions
According to global commercial aircraft MRO market analysis, the EMEA region will lead the commercial aircraft MRO market share. However, the APAC region will account for the highest commercial aircraft MRO market growth throughout the forecast period.
Commercial aircraft MRO market segmentation based on type
- Engine
- Airframe
- Component
- Line
The engine MRO segment will account for the largest commercial aircraft MRO market share during the forecast period. This segment will also account for the highest commercial aircraft MRO market growth. Additionally, the report also provides an accurate prediction of the contribution of all the various MRO types to the growth of the commercial aircraft MRO market size.
Key highlights of the global commercial aircraft MRO market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the commercial aircraft MRO market during the next five years
- Precise estimation of the global commercial aircraft MRO market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial aircraft MRO industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of commercial aircraft MRO companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Engine - Market size and forecast 2018-2023
- Airframe - Market size and forecast 2018-2023
- Component - Market size and forecast 2018-2023
- Line - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- EMEA - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increased service life of aircraft
- Scrap part replacement gaining prominence
- Launch of aviation-friendly government initiatives
- Introduction of 3D printing technology
- Advancements in hybrid-electric jet engine technologies
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- AAR
- Hong Kong Aircraft Engineering Company
- Lufthansa Technik
- MTU AERO ENGINES
- Singapore Technologies Engineering
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO