Escalating
demand and growing introduction of new generation less maintenance aircraft and
reassembling of heavy parts led the airline companies to focus on outsource
MRO. Endless effort for cost reduction plan by maintenance are viewed as the
key factor impacting the growth of the global air transport MRO market
positively. According to Trends Market Research, the air transport MRO market
will register growth at a healthy pace during the forecast period 2021-2028.
Introduction of low maintenance
aircraft will tend to boost trend
According
to report, Growth of the global air transport MRO market is expected to be
raised by several macro-economic and micro-economic factors. Numerous concern
from airframe OEM’S, launching of new generation less maintenance aircraft, constant
focus on price reduction through maintenance, outsourcing and
internationalization of MRO market are the key factor responsible for growth
and demand of the air transport MRO market. Endless innovation and the idea of
automated reporting and maintenance will push the concept of the air transport
MRO.
In
foreseeable future, endless launching of new products, low margin, supply and
demand portfolios, entry bar posed by the dominating players and immature
software vendor market can hinder the growth of the market. Apart from that the
huge investment involved by the aviation authorities for MRO innovation can
pull down the growth of the global air transport MRO market. But, continuous
introduction of less maintenance aircraft will rev-up the usage in aviation
industry.
Regional Analysis
Apropos the
ongoing report, the global air transport MRO market is segmented on the basis
of product type, their service, on the basis of geographic target market and
heavy maintenance service. North America and Western Europe are major economic
hubs in the global air transport MRO market. It is observed that the most of
the OEM’s and air transport market is located in North America. Other than that
Middle East, China and India will recorded as the developing market which has
more future opportunities for the growth of the overall air transport MRO
market. The report suggest that the global market will witness healthy growth
over the coming years on the back of such factors.
Key Market Players
Companies
such as Iberia Maintenance (Israel), IAI (Spain), HEICO (U.S.), GE Aviation
(U.S.), Rockwell Collins (U.S.) and Prattand Whitney (Canada) among other
expected to remain active in expansion of the global market for air transport
MRO market. The ongoing study also recognize that Mubadala Aerospace (U.A.E), Delta
TechOps (U.S.), Timco Aviation Services (U.S.), Lufthansa Technik (Germany) and ST Aerospac (Singapore)
will remain the leading company in terms of contributing largest market share
in terms of generating revenue and will remain the key players in the global
air transport MRO market for the forecast period.
