A new Report by Delvens, titled "Military Aviation Maintenance, Repair, and Overhaul (MRO) Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Military Aviation Maintenance, Repair, and Overhaul (MRO) Market size is projected to reach a CAGR of 14.0% to 2028.
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Recent Developments
In November 2021, GAL, a unit of UAE’s state-owned defence conglomerate EDGE and a Abu Dhabi maintenance, repair and overhaul (MRO) service provider said it has secured a contract worth USD 2.9 billion (11 billion dirhams) from the UAE Air Force and Air Defence (AFAD) to provide aircraft MRO under a three-year performance-based logistics (PBL) contract.
In August 2021, The Indian Air Force (IAF) has awarded Lockheed Martin a USD 328.8 million, five-year contract to provide comprehensive maintenance support for its fleet of 12 C-130J Super Hercules tactical airlifter aircraft. Under the Follow on Support-II (FOS-II) contract, an extension of the initial FOS-I contract, the IAF will pay the company about USD 5.5 million per C-130J, per year, in order to obtain a specified level of operational readiness across the fleet.
Key Players of Military Aviation Maintenance, Repair, and Overhaul (MRO) Market:
· AAR Corporation
· SIA Engineering Company (SIAEC) Ltd.
· Embraer S.A
· Air France KLM Group
· Raytheon Technologies Corporation
· Delta Air Lines Inc.
· General Dynamics Corporation
· MTU Aero Engines AG
· Lufthansa Technik AG
· Honeywell International Inc.
· Spirit AeroSystems Inc.
· Turkish Technic Inc.
· Bombardier Inc.
· Rolls-Royce plc
· Hong Kong Aircraft Engineering Company (HAECO) Ltd. and More
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Aircraft MRO includes tasks performed to ensure the continuing airworthiness of an aircraft and its parts. MRO service providers perform overhaul, inspection, replacement, defect rectification, and the embodiment of modifications in compliance with airworthiness directives and repair. The study includes MRO of all military aircraft, including helicopters used for combat and non-combat missions.
Expansion of fleet by low-cost airlines, coupled with increasing military spending spurred by the ongoing political conflicts and territorial disputes are some of the factors that have supported long-term expansion for Military Aviation Maintenance, Repair, and Overhaul (MRO) Market.
Military Aviation Maintenance, Repair, and Overhaul (MRO) Market is segmented into product, application, end use and region.
On the basis of Product
· Engine
· Airframe
· Line
· Component
On the basis of Application
· Narrow Body Aircraft
· Wide Body Aircraft
· Regional Aircraft
· Others
On the basis of End-User
· Commercial Aviation
· Business & General Aviation
· Military Aviation
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Military Aviation Maintenance, Repair, and Overhaul (MRO) Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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