World commercial aircraft MRO market to reach $49.2 billion this year, according to Visiongain

LONDON, 16 May 2013. The global commercial aircraft maintenance, repair, and overhaul (MRO) market will reach a value of $49.2 billion in 2013 in response to growing demand for maintenance services to handle the global fleet of commercial aircraft, predict Visiongain analysts.

May 16th, 2013
Airlines and MRO to benefit from IoT, prescriptive maintenance, augmented reality in 2017
Airlines and MRO to benefit from IoT, prescriptive maintenance, augmented reality in 2017

LONDON, 16 May 2013. The global commercial aircraftmaintenance, repair, and overhaul (MRO) market will reach a value of $49.2 billion in 2013 in response to growing demand for maintenance services to handle the global fleet of commercial aircraft, predict Visiongain analysts.

The expansion of air travel will ensure an increase in production rates for new aircraft which should give MRO providers ample opportunities for new business. Newer aircraft, which require less maintenance than older aircraft coming into retirement age, will require MRO providers to invest in adding new training techniques and new tooling in order to attain relevant certification. Many smaller third-party providers will struggle to achieve this by themselves, Visiongain analysts recognize.

“The prospects for the commercial aircraft MRO market will remain encouraging given the number of aircraft expected to be active in the air over the next ten years and because of the need to improve on efficiency and to fill air safety requirements,” reveals the author of the “World Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2013-2023” Visiongain report.

MRO image courtesy Shutterstock.

More in Commercial