Commercial and Military Aircraft MRO Market by Sector and Geography - Forecast and Analysis 2021-2025
- Published: Dec 2020
- Pages: 120
- SKU: IRTNTR46513
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The commercial and military aircraft MRO market size has the potential to grow by USD 58.82 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 8.26%.
This report provides a detailed analysis of the market by sector (military aircraft MRO and commercial aircraft MRO), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AAR Corp.
- Delta Air Lines Inc.
- General Electric Co.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corp.
- Raytheon Technologies Corp.
- Rolls-Royce Plc
- SIA Engineering Co.
- Singapore Technologies Engineering Ltd.
- Thales Group
The commercial and military aircraft MRO market is fragmented and the vendors are deploying growth strategies such as upgrading aircraft with high-speed technologies and robust systems to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the establishment of new maintenance facilities to achieve growth opportunities. However, factors such as high cost and unavailability of spare parts will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the commercial and military aircraft MRO market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This commercial and military aircraft MRO market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Commercial and Military Aircraft MRO Market: Key Drivers and Trends
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Commercial and Military Aircraft MRO Market: Segmentation by Geography
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31% of the market’s growth will originate from APAC during the forecast period. China is a key market for commercial and military aircraft MRO in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing investments by China, India, and Australia to modernize their vast fleet of existing military aircraft will facilitate the commercial and military aircraft MRO market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Commercial and Military Aircraft MRO Market: Segmentation by Sector
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The development of lightweight airframe structures is driving defense agencies to modify their military aircraft, which, in turn, is propelling the military aircraft airframe MRO market. With the growing demand for fuel efficiency and lower emissions, many modern engine programs have also been planned that will accelerate the military aircraft engine MRO market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial and military aircraft MRO market size. Fetch actionable market insights on post COVID19 impact on each segment.
Commercial and Military Aircraft MRO Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive commercial and military aircraft MRO market growth during the next five years
- Precise estimation of the commercial and military 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 and military aircraft MRO industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial and military aircraft MRO market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Russian Federation
- Service-life extension of military aircraft
- Integration of advanced weapons into aircraft
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