Aviation MRO Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Components, Aircraft Type and End Users – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – The report “Aviation MRO Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Components, Aircraft Type and End Users” has been added to ResearchAndMarkets.com from offer.
The aeronautical MRO market was valued at US $ 49.80 billion in 2020 and is expected to reach US $ 68.35 billion by 2028; it is expected to grow at a CAGR of 4.04% from 2020 to 2028.
Considering the increasing competition in the world, the implementation of digital technologies is a necessary step towards the growth of MRO businesses. Digitization will help the industry to create a continuous flow of data flowing through different levels of the supply chain. In addition, it will also streamline communication between stakeholders and accelerate innovation in various operations. The digital transformation of the aviation industry is having a substantial impact on all areas of the industry supply chain, such as air traffic management, aviation operations, and aircraft and aircraft manufacturing and maintenance. components.
Data-driven technologies, such as data analytics, help track aircraft MRO activities in real time, which would also optimize the air travel experience for crew and passengers. In addition, other advanced technologies such as artificial intelligence (AI) and machine learning (ML) enable the crew and management of the airline to understand the airworthiness of the aircraft.
This allows the airline to opt for MRO services. Additionally, MRO service providers are integrating AI technologies to improve their procedures by easily and efficiently performing visual checks and understanding the degree of maintenance and repair required on the aircraft. Thus, the growing trend of inclusion of digital technologies such as AI and ML is driving the aeronautical MRO market.
The COVID-19 pandemic has hampered economic growth in almost every country. The airline industry has witnessed the significant impact of this economic downturn. In addition, the damaged economic growth of countries has led to the closure of small airlines in 2020. Due to the ongoing COVID-19 epidemic, all major countries in Europe, Asia-Pacific and Europe North America imposed strict restrictions on business activities and merchandise. and the movement of people. All of these factors are limiting both the supply and demand for aircraft maintenance services, thus hampering the revenue growth of the global aeronautical MRO market. In addition, the second wave of COVID-19 epidemic in countries such as India, France and the United States is said to have a negative impact on market growth throughout the first half of 2021. It is expected aircraft MRO market growth stabilizes in 2022, and the market is expected to experience positive growth from 2022 to 2028.
Main topics covered:
2. Key points to remember
3. Research methodology
4. Landscape of the aeronautical MRO market
5. Aeronautical MRO Market – Key Market Dynamics
5.1.1 Growing demand for MRO services in emerging economies
5.1.2 Emergence of digital technology for the MRO industry
5.2.1 Equipment manufacturers entering the spare parts market
5.3.1 Strong trend in modernization of older aircraft fleets
5.4 Future trends
5.4.1 Blockchain technology is changing the MRO landscape
5.5 Impact analysis of drivers and restraint systems
6. Aircraft MRO – Global Market Analysis
6.1 Global MRO Aircraft Market Overview
6.2 Global MRO Aircraft Market Revenue Forecast and Analysis
6.3 Market positioning – Five key players
7. Aerospace MRO Market Revenue and Forecast to 2028 – Component
7.2 Global MRO Aircraft Market Split, by Component, 2018 and 2028
7.3 MRO engine
7.4 Avionics MRO
7.5 MRO cell
7.6 MRO cabin
7.7 MRO landing gear
8. Aerospace MRO Market Revenue and Forecast to 2027 – By Aircraft Type
8.2 Aircraft MRO Market Breakdown, by Aircraft Type, 2018 and 2028
8.3 Fixed wing
8.4 Rotating wing
9. Aerospace MRO Market Revenue and Forecast to 2027 – By End User
9.2 Aeronautical MRO market breakdown, by end user, 2018 and 2028
10. Aeronautical MRO market – Geographical analysis
11. Aeronautical MRO market – COVID-19 impact analysis
12. Industry landscape
12.2 Market initiative
12.3 Merger and acquisition
13. Company profiles
Barnes Group Inc
Singapore Technologies Engineering Ltd
Turkish Technic Inc.
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