1 / 2

Air Transport MRO Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027

Air Transport MRO Market Valued Over US$ 78 Bn In 2018

charliegefen
Download Presentation

Air Transport MRO Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Air Transport MRO Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027 Air Transport MRO Market Valued Over US$ 78 Bn In 2018 According to a new market research report published by Credence Research “Air Transport MRO Market (By Aircraft Type - (Narrow Body, Wide Body, Regional Jet, Turboprop), By Offering - (Engine, Component, Airframe, Line), By End-user - (Passenger, Cargo) Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, 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. Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/air-transport-mro-market Market Insights With an increasing percentage of air passengers and an increasing number of fleets in the aviation industry, the global market for air transport MRO is expected to continue to expand by 4.64 per cent CAGR from 2019 to 2027. Along with the increasing share of the tourism industry and the addition of new routes, the aviation industry is growing rapidly, which in turn has expanded the demand for air transport MRO worldwide. Asia Pacific's economic development has witnessed a strong demand for air travel. It is projected that the region is the leading in the overall air transport market for MRO during the forecast period. Using cutting-edge technologies 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). Through data integration and predictability of demand, players are able to streamline their service, execution and improve their performance through keeping them competitive on the market. In July 2018, Russia's Ural Airlines selected Swiss-AS AMOS technology to improve its productivity in the planning and execution of MRO airline operations. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60027 Based on the type of aircraft, the narrow body segment led the industry 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 major aircraft manufacturers. 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. On the basis of geography, North America leads the overall air transport MRO market in 2018. Relatively more mature market along with large number of fleet presence, the region has accounted for more than 25% of the global market size in the year 2018. However, with the emergence of China, India and other Asian economies, Asia Pacific expected to lead the market during the forecast period. The overall air transport MRO market is quite competitive in nature with market players focusing on use of technology to improve its efficiency. Lufthansa Technik is among the largest players having international license for maintenance, repair and overhaul. The company provides AVIATAR, a cloud- based independent open platform for MRO. Additionally, in October 2019, AAR Corp. integrated

  2. Donecle drones for its MRO operations. This fully automated drone technology improved its precision and speed in inspection and execution of maintenance plan. This helped company to reduce its turnaround time (TAT) which results into higher client satisfaction. With shorter TAT, company is expecting to attract more airliners towards AAR Corp. for MRO services. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60027 Some of the major companies profiled in the report include AAR Corp., Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Delta TechOps, Lufthansa Technik, Airbus S.A.S., Singapore Technologies Engineering Ltd., Turkish Technic Inc., Sabena Technics and SR Technics among others. About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Contact: Credence Research Inc Name: Chris Smith (Global Sales Manager) E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: https://www.credenceresearch.com

More Related