Aerospace and Defense MRO Market Revenue Growth and Quantitative Analysis Till 2

1. Market Research Report EXCLUSIVE EDITION Aerospace and Defense MRO Market Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Aerospace and Defense MRO Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Aerospace and Defense MRO Market Revenue Growth and Quantitative Analysis Till 2030 Aerospace and Defense MRO Market by MRO Type (Engine MRO, Components and Modifications MRO and Field Maintenance), by Aircraft Type (Fixed-wing Aircraft, and Others), by End-User (Commercial, and Others), by Region – Global Share and Forecast to 2030 Description According to the Market Statsville Group (MSG), the global aerospace and defense MRO market size is expected to grow from USD 131.4 billion in 2021 to USD 205.9 billion by 2030, at a CAGR of 5.1% from 2022 to 2030. Aerospace is building up their maintenance, repair, & overhaul (MRO) facilities to increase fleet availability and also for regular maintenance checks in the airline. Third-party MROs collaborate with original equipment manufacturer OEMs to get expertise in advanced aircraft MRO procedures and technologies. Services like component replacement, retrofitting, and maintenance activities related to aircraft design are part of this market. Numerous local and international players with a strong financial base in the market result in a highly fragmented market. OEMs and MROs increasingly incorporate advanced engineering techniques such as AI, real-time health monitoring, IoT, and predictive maintenance to minimize cost and expand the end-user experience. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. COVID-19 Impact on the Global Aerospace and Defense MRO Market The airline industry has witnessed a decline in growth. The COVID-19 pandemic has hindered the economic growth of almost every country and most of the industry. Due to the COVID-19 outbreak, major countries in Asia, Europe, and North America have imposed strict restrictions on business and industrial activities and the movement of goods and people. All these factors are affecting the demand and supply of aircraft maintenance services, thereby hindering the revenue growth of the global aircraft MRO market. Also, the second wave of COVID-19 in India, France, and the US would negatively impact the market growth throughout the first half of 2020 and 2021. Request Sample Copy of this Report: https://www.marketstatsville.com/request- sample/aerospace-and-defense-mro-market Global Aerospace and Defense MRO Market Dynamics Drivers: Government Investing In Defence And Military The government is investing in military aircraft maintenance, repair, and overhaul (MRO) activity is projected to grow in short to medium term. Over a percent of the airlines across the globe expect a significant increase in investment prospects over the upcoming years. With cheap and skilled labor availability, MRO activity is popular and continues to grow in developing and low- and middle-income economies. Major airlines are also looking to reduce costs by developing sophisticated materials management solutions, cutting inventory budgets, and improving reliability and operations. The MRO service providers are expanding their geographical area to become regional and global full-service providers. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Restraints: High cost of parts, tools, and services The total costs that most companies overlook when factoring in the cost of MRO include the cost of maintenance, repair, and overhaul for any aviation company globally. The opportunity and labor costs of maintenance, spending time for looking and sourcing parts, the time spent on manual staffing work due to system or technology limitations, high purchase ordering costs, shipping costs for emergency or out-of-stock orders, and costs associated with ordering the wrong material related with tools, parts, and consumables in this industry. In MRO industry, staffing can be costly and not always targeted to the specific needs or services of the business or specialized equipment or parts. Opportunities: Rapid growth and rise of emerging market A rise in emerging markets and rapid growth, especially in aerospace, where the after-service market is inadequate and uncoordinated, will change how Aircraft operators make decisions on the MRO supply chain. The improvement and profitability of MRO business and increasing demand have attracted major players like Boeing and Airbus. These players also entered the after-sale market. Scope of the Global Aerospace and Defense MRO Market The study categorizes the aerospace and defense MRO market based on type, aircraft type, and end user at the regional and global levels. Direct Purchase Report: https://www.marketstatsville.com/buy-now/aerospace-and- defense-mro-market?opt=2950 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. By MRO Type Outlook (Sales, USD Billion, 2017-2030) •Engine MRO •Components and Modifications MRO •Airframe MRO •Field Maintenance By Aircraft Type Outlook (Sales, USD Billion, 2017-2030) •Fixed-wing Aircraft •Rotorcraft •Others By End User Outlook (Sales, USD Billion, 2017-2030) •Commercial •Military •Others By Region Outlook (Sales, USD Billion, 2017-2030) •North America • US • Canada • Mexico •Europe • Germany • Italy • France • UK • Spain • Poland • Russia • The Netherlands • Norway • Czech Republic • Rest of Europe © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. •Asia Pacific • • • • • • • • • • •South America • Brazil • Argentina • Colombia • Rest of South America •The Middle East & Africa • Saudi Arabia • UAE • South Africa • Northern Africa • Rest of MEA Engine MRO segment is projected to account for the largest market share China Japan India South Korea Indonesia Malaysia Thailand Singapore Australia & New Zealand Rest of Asia Pacific © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. Engines are essential components of any aircraft and must be airworthy regardless of whether the aircraft is operational. In response to the increasing complexity of engine components and the increased number of aircraft crashes caused by engine failure, the military is increasingly focusing on engine maintenance and periodic inspections. The active fleet of several countries is growing more rapidly than others due to the extreme operating conditions that the aircraft are exposed to regularly. MRO services are required for older aircraft much more frequently than they are for their newer counterparts to keep their systems from malfunctioning or becoming obsolete. On this note, several contracts are being awarded for MRO services for the active fleets. Until 2024, Rolls-Royce will provide maintenance and repair support for the EJ200 engines of the Typhoon fighter aircraft fleet operated by the Royal Air Force (RAF). Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/aerospace-and-defense- mro-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Asia Pacific accounts for the highest CAGR during the forecast period The maintenance repair and overhaul (MRO) business is witnessed to have rapid growth in the upcoming recent years specially in Asia Pacific because of rapid growth rate and rise of emerging market of this industry. As the region's economy grows, urbanization takes place, new domestic airlines are launched, low-cost labor markets are emerging such as India and China, and government aid is required to establish the aerospace cmlusters. Dubai and Singapore are the major MRO hubs in Asia Pacific. India lies between them and offers a great maintenance repair and overhaul opportunity due to its geographical location, proximity to the international shipment lines, and its own massive intrinsic aircraft fleet. The market has improved since then due to the good supply chain management, this helped the market to grow faster. Request For Report Description: https://www.marketstatsville.com/aerospace-and- defense-mro-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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