Global Aircraft Airframe MRO Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
As per the predictions by Market Research Future (MRFR), the global market for aircraft airframe maintenance, repair, and operations (MRO) can achieve a growth rate of approximately 4% during the forecast period (2018-2025).
The top companies striving to expand their base in the worldwide aircraft airframe MRO market include Singapore Technologies Aerospace (Singapore), GAMECO (China), AAR Corp. (US), Lufthansa Technik AG (Germany), Air France KLM Engineering & Maintenance (France), HAECO (Hong Kong), Evergreen Aviation Technologies (EGAT) (Taiwan), Sabena Technics (France), Turkish Technic Inc. (Turkey), Aviation Technical Services (US), to name a few.
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Primary Drivers and Key Restraints
Airline airframe MRO can be described as a complex process of upgrading and repairing an aircraft. This process also involves a number of maintenance activities required to ensure the safety and airworthiness of aircraft, in compliance with international standards. Aircraft airframe MRO service vendors provide services for all types of aircraft, such as regional jets, wide-body aircraft, old and new fleets, turboprop aircraft, narrow-body aircraft, and others.
The Aircraft Airframe MRO Market size has expanded notably in recent years, on account of surging outsourcing of airframe MRO, massive fleet expansion, and government initiatives that help boost the adoption of MRO. Some additional factors that promote market growth include the mounting disposable income, booming tourism sector coupled with the rising need for efficient maintenance of engines as well as components.
A variety of holistic approaches are being adopted by governments with the aim to allocate adequate space at various airports for MRO. Numerous airports across the world are undertaking improvement processes to elevate efficiency, with other airports striving to make extensive use of the latest technological systems. Use of advanced technologies facilitates additional upgrades and also helps deal with massive data volume stemming from next-generation aircraft.
- Equipment/system suppliers
- Potential investors
- Key executive and strategy growth manager
- End users
- Technology investors
- Government institutions
- Consultancy firms
The worldwide market for aircraft airframe MRO has been thoroughly analyzed, considering the primary segments of airframe parts, aircraft type, and application.
The airframe parts covered in the report are fuselage, wing, windows & windshields, doors, elevator, and others. The wing segment will see better growth by accumulating the largest share in the market during the review period.
Considering the aircraft type, the market comprises narrow-body, wide-body, fixed-wing, and others. The fixed-wing segment can attain the highest CAGR in the coming years. The surge in the number of commercial fleets is stimulating the growth of the aircraft airframe MRO market around the world.
Application-wise, market segments are commercial air transport, business, and general aviation and military aviation military.
The market for aircraft airframe MRO is spread across the primary regions of Asia Pacific (APAC), Latin America, North America, Middle East & Africa (MEA) and Europe.
The APAC market is set to reach the top position in the following years, thanks to the surging air traffic along with the considerable investments made by the original equipment manufacturers (OEMs). APAC is believed to have the potential to attain the fastest growth rate during the forecast period. It is rapidly emerging region in the international long-haul market, and its growth is dependent on small and medium wide-body aircraft. As a result, a number of airline operators in the region like Tigerair Singapore, Indigo, Air Asia, and Tigerair Australia have entered the market in recent years.
Europe is the second-fastest-growing market for aircraft airframe MRO, on account of the surging investments in several military and commercial aviation programs. This has been possible because of frequent technological advancements and the high concentration of renowned players in the region. The United Kingdom (UK), Germany, France and Spain are the top markets for aircraft airframe MRO in the region.
North America forms an important market for aircraft airframe MRO and can gain immense traction in the ensuing years. The market growth in the region will be the result of the presence of well-known vendors like Aviation Technical Services and AAR Corp. coupled with the emerging companies like Mexicana MRO, Flightstar and Aeroman.
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Aircraft Airframe Mro Market, by Airframe Parts
1.1.2. Global Aircraft Airframe Mro Market, by Aircraft Type
1.1.3. Global Aircraft Airframe Mro Market, by Application
1.1.4. Global Aircraft Airframe Mro Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4. Market Insights
List of Tables
Table 1 List of Assumptions
Table 2 Major Patents Granted for Directed Energy Weapon (15 May 2010–15 May 2019)
Table 3 Airframe Parts: Global Aircraft Airframe Mro Market, 2018–2025 (Usd Million)
Table 4 Aircraft Type: Global Aircraft Airframe Mro Market, 2018–2025 (Usd Million)
Table 5 Application: Global Aircraft Airframe Mro Market, 2018–2025 (Usd Million)
Table 6 Global Aircraft Airframe Mro Market, by Region, 2018–2025 (Usd Million)
Table 7 North America: Aircraft Airframe Mro Market, by Country, 2018–2025 (Usd Million)
List of Figures
Figure 1 Market Synopsis
Figure 2 Global Aircraft Airframe Mro Market: Market Attractiveness Analysis
Figure 3 Global Aircraft Airframe Mro Market Analysis, by Airframe Parts
Figure 4 Global Aircraft Airframe Mro Market Analysis, by Component
Figure 5 Global Aircraft Airframe Mro Market Analysis, by Application
Figure 6 Global Aircraft Airframe Mro Market Analysis, by Region
Figure 7 Global Aircraft Airframe Mro Market: Market Structure
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