(MENAFN- America News Hour) The overall air transport MRO market worldwide is set to grow with a CAGR of 4.64% throughout the forecast period starting from US$ 78.84 Bn in 2018. With the increasing percentage of air passengers and the increasing number of fleets in the aviation industry, it is expected that the global air transport MRO market will continue to witness the growth of CAGR 4.64% from 2019 to 2027. Along with the growing share of the tourism industry and the addition of new routes, the aviation industry is growing rapidly, which in turn has increased the market for air transport MRO worldwide. Asia Pacific's economic development has witnessed a strong demand for air travel. It is estimated to be the leading region in the overall air transport market for MRO during the forecast period.
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Key questions answered in this report
- What was the market size of air transport MRO market in 2018 and forecast up to 2027?
- What are the key factors driving the global air transport MRO market?
- What are the key market trends and high-growth opportunities observed in the air transport MRO market?
- Which is the largest regional market for air transport MRO market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the air transport MRO market?
- What are the key strategies adopted by the leading players operating in the market?
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Using state-of-the-art technology such as artificial intelligence, airliners and MRO industry players are using predictive software solutions such as AMOS, AerData and Rusada to reduce their turnaround time (TAT). By data integration and predictability of demand, players are able to streamline their operation, execution and improve their performance by keeping them competitive in the marketplace. In July 2018, Russia's Ural Airlines selected Swiss-AS AMOS software to improve its efficiency in the planning and execution of MRO airline operations.
Based on the type of aircraft, the narrow-body segment led the market with more than 55% of the total market size of the globe in 2018, in terms of revenue. Due to its extended range, maximum take-off weight and fuel efficiency, narrow-body aircraft are most suitable for low-cost carriers. In 2018, more than 1,200 narrow-body aircraft were delivered by Airbus and Boeing, the two main players in aircraft manufacturing. In addition, both players are committed to increasing their production rate, which will further increase the narrow market share of the body during the forecast period.
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On the basis of geography, North America will be leading the overall market for air transport MRO in 2018. The relatively more mature market, together with a large number of fleets, accounted for more than 25% of the global market size in 2018. However, with the emergence of China, India and other Asian economies, Asia Pacific is expected to lead the market in the forecast period.
The global air transport MRO advertise is expected to observe moderate developments credited to moderate financial development in developing nations and low interest in aeronautics. In addition, consistent money-related disturbances have also led the approach producers to focus on basic changes. In addition, the expansion of the movement and travel industry will continue to have a strong impact on the development of the global market for air transport MRO. As travellers prefer to go through aircraft, manufacturers are focusing on keeping up and fixing the parts of the airship.
The overall market for air transport MRO is quite competitive in nature, with market players focusing on the use of technology to improve its efficiency. Lufthansa Technik is one of the largest players with an international maintenance, repair and overhaul license. AVIATAR, a cloud-based independent open platform for MRO, is provided by the company. In addition, AAR Corp. integrated Donecle drones for its MRO operations in October 2019. This fully automated drone technology has improved its accuracy and speed in the inspection and maintenance plan execution. This helped the company to reduce its turnaround time (TAT) resulting in higher customer satisfaction. With shorter TAT, the company expects to attract more air carriers to AAR Corp. for MRO services.
ToC:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Air Transport MRO Market
2.2. Air Transport MRO Market, by Aircraft Type, 2018 (US$ Bn)
2.3. Air Transport MRO Market, by Offering, 2018 (US$ Bn)
2.4. Air Transport MRO Market, by End-user, 2018 (US$ Bn)
2.5. Air Transport MRO Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Air Transport MRO Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Air Transport MRO Market, by Aircraft Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Narrow Body
4.3. Wide Body
4.4. Regional Jet
4.5. Turboprop
5. Air Transport MRO Market, by Offering, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Engine
5.3. Component
5.4. Airframe
5.5. Line
6. Air Transport MRO Market, by End-user, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Passenger
6.3. Cargo
7. North America Air Transport MRO Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. North America Air Transport MRO Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. North America Air Transport MRO Market Value, By Aircraft Type, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America Air Transport MRO Market Value, By Offering, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America Air Transport MRO Market Value, By End-user, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America Air Transport MRO Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Air Transport MRO Market Analysis, 2017 – 2027 (US$ Bn)
……
9. Asia Pacific Air Transport MRO Market Analysis, 2017 – 2027 (US$ Bn)
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10. Rest of the World Air Transport MRO Market Analysis, 2017 – 2027 (US$ Bn)
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11. Company Profiles
11.1. AAR Corp.
11.2. Air France Industries KLM Engineering & Maintenance
11.3. Hong Kong Aircraft Engineering Company Limited
11.4. Delta TechOps
11.5. Lufthansa Technik
11.6. Airbus S.A.S.
11.7. Singapore Technologies Engineering Ltd.
11.8. Turkish Technic Inc.
11.9. Sabena Technics
11.10. SR Technics
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Blog :Air Transport MRO Market: Asia Pacific's economic development has witnessed a strong demand for air travel
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