The global aircraft MRO market size is
expected to reach USD 104.46 billion by 2025, registering a CAGR of 4.7% during
the forecast period. The growing influx of aircraft OEMs into the MRO sector
traditionally dominated by specialized maintenance providers has opened up new
avenues for the market growth.
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As per the International Air Transport
Association (IATA), MRO activities contribute to about 15% of the total
operating cost of the airlines. The OEMs as well as specialized MRO providers
are making significant investments in new technologies to enhance their service
quality and operational efficiency. Profitability of aviation industry hinges
on the maintenance of old fleet rather than the sale of new aircraft, which has
elevated the importance of the aircraft MRO market.
The service providers in the market
constitute of separate department of airline operators or independent MRO
providers. These service providers are transforming into full-service suppliers
and their role is expected to become a one stop-shop to cater to all of the
airline's MRO needs. For instance, Lufthansa Technik have advanced technical
capabilities and have succeeded in selling power-by-the-hour contracts.
In North America, independent MRO
providers offer lucrative opportunities for experienced and skilled workers and
attractive pay packages to address the growing demand for maintenance
activities. For instance, mechanics and avionics technicians lead the laborers'
demand, followed by electrical and software engineers. In 2018, the region
witnessed a steep rise in outsourcing for MRO spending.
France-based Airbus S.A.S.-one of the
most prominent aircraft manufacturers-is developing its Air+ program, which
offers the opportunity to MRO providers of collaborating with other players to
seek the best services and to develop customized MRO solutions. The company is
also keen on setting MRO service centers in Asia Pacific countries such as
India within a partnership mode.
Since February 2019, AFI KLM E&M
have been deploying mobile climbing robots in its line maintenance operations.
The company is looking forward to integrate climbing robots with Donecle drones
for aircraft inspections, used since 2016.
Further
key findings from the report suggest:
• Aircraft and engine manufacturers such
as Rolls-Royce and Boeing are putting additional focus on aircraft maintenance
business and offering total care solutions
• The opportunities for independent MRO
providers are expected to remain buoyant as airlines are expected to continue
outsourcing maintenance work for them to focus on their core business, although
OEMs are gradually foraying into the MRO space considering the profitability
involved
• Electronic systems are swiftly
replacing the mechanical systems. Increasing complexity of the electronic
systems is expected to create demand for the skilled workforce for aftermarket
service and repair activities
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Michelle Thoras
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Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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