Global Aircraft Maintenance, Repair and Overhauling Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Aircraft Maintenance, Repair and Overhauling Services Market Report by The Business Research Company covers aircraft maintenance, repair and overhauling services market drivers and restraints, aircraft maintenance, repair and overhauling services market size, major players, and the impact of COVID-19 on the aircraft maintenance, repair and overhauling services market.
The aircraft maintenance, repair and overhauling services market consists of sales of aircraft maintenance, repair and overhauling (MRO) services and related goods by entities (organizations, sole traders or partnerships) that maintain, repair and overhaul commercial aircraft including helicopters, gliders, drones, aircraft turbines, aircraft engines and rocket engines. The market numbers in this report include sales of spare parts to end consumers by aircraft MRO providers that are used during the aircraft MRO activities.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in defense market, thus driving the market during the forecast period.
The global aircraft maintenance, repair and overhauling services market is expected to grow from $63.19 billion in 2020 to $68.06 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $87.6 billion in 2025 at a CAGR of 7%.
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Some aircraft maintenance, repair and overhauling services market trends include digital thread and digital twin which are interlinked concepts trending in the aircraft parts manufacturing, repair & maintenance market. Digital thread is a communication framework that allows connected data flow throughout the lifecycle and across functions such as design, engineering, production and maintenance providing an integrated, authoritative, up-to-the-minute view of the asset’s data that can be accessed at anytime, anywhere. Digital twin includes design specifications and engineering models describing its geometry, materials, parts and behavior which give a digital model of a particular product.
Global aircraft maintenance, repair and overhauling services market segments include:
1) By Type: Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services.
2) By Aircraft Division: Engine, Cabin Interior, Airframe, Avionics, Others.
3) By Size: Wide-Body, Narrow-Body, Regional, Others.
4) By Service Type: Annual Maintenance Contract, Individual Works, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global aircraft maintenance, repair and overhauling services market, accounting for 38% of the market.
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The Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides aircraft maintenance, repair and overhauling services market overviews, analyzes and forecasts market size, share, aircraft maintenance, repair and overhauling services market players, aircraft maintenance, repair and overhauling services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The aircraft maintenance, repair and overhauling services identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Honeywell Aerospace, AAR Corporation, Air France Industries KLM Engineering & Maintenance, Airbus SAS, The Boeing Company
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Aircraft Maintenance, Repair And Overhauling Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Aircraft Maintenance, Repair And Overhauling Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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