LONDON, 7 Aug. 2014. Competition in the maintenance, repair, and overhaul (MRO) market is increasing dramatically, as companies are hard pressed to make profits in a market ever more focused on performance and efficiencies, according to visiongain analysts. At the same, they say, aerospace technology is growing much more sophisticated, requiring MRO providers to make larger investments in the equipment and skills required to service next-generation aerospace platforms and components.
The military aircraft MRO market exhibits robust and resilient market dynamics, which are tied to a greater extent to less volatile factors such as overall military aircraft fleet size, structure (the mix of aircraft types/classes operated), and flight hours; yet, as nations retire old models and acquire new replacements (or even expand their overall numbers), and as security threat levels change with consequent effects on readiness requirements, MRO spending can be significantly affected, visiongain analysts add.
Global military MRO spending, valued at $48.27 billion this year, is facing a turbulent and complex but positive decade ahead, in which quite a few MRO providers may unable to keep up, while more competent counterparts gain a greater share of this growing market, according to Visiongain.
Visiongain is unveiling the Military Aircraft Maintenance, Repair, and Overhaul (MRO) Market Forecast 2014-2024: Opportunities for Top Companies, which investigates how the market for military aircraft MRO is evolving, what is driving and restraining expenditure military aircraft MRO, fleet structures, future procurement plans, evolving operational readiness requirements, and more.
Visiongain's comprehensive and detailed analysis contains key quantitative content delivering solid conclusions benefiting your analysis and illustrates new opportunities and potential revenue streams helping you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy.
Individual forecasts and analysis from 2014-2024:
- Operational and Field Maintenance
- Heavy Airframe Maintenance
- Heavy Engine Maintenance
- Internal Component Maintenance
- External Component Maintenance
Individual market forecasts and analysis from 2014-2024 for 20 leading national markets plus a separate 'rest of the world' region:
- Saudi Arabia
- South Korea
Profiles of 20 leading military aircraft MRO companies examining their positioning, capabilities, product portfolios, services, focus, and future outlook:
- Alenia Aermacchi SpA
- BAE Systems
- Boeing Defense, Space and Security (BDS)
- Dassault Aviation
- DynCorp International
- EADS (formerly) / Airbus Defence and Space
- Embraer Defense and Security
- GE Aviation Overview
- Hindustan Aeronautics (HAL) Ltd
- Honeywell Aerospace
- L-3 Communications
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Pratt & Whitney
- Rolls Royce PLC (Defence Aerospace)
- RUAG Aviation
- Safran S.A
- ST Aerospace
- United Aircraft Corporation