The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Low interest rates are expected to drive innovation in defense equipment maintenance, repair, and overhauling services manufacturing, thus driving the market during the forecast period.

The global defense equipment maintenance, repair, and overhauling services market is expected to grow from $78.1 billion in 2022 to $83.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The defense equipment maintenance, repair and overhauling services market is expected to grow to $101.51 billion in 2027 at a CAGR of 4.9%.

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Global Defense Equipment Maintenance, Repair, And Overhauling Services Market Segments Include:

• By Type: Air based Defense Equipment MRO Services, Water based Defense Equipment MRO Services, Land based Defense Equipment MRO Services
• By Service Type: Annual Maintainance Contract, Individual Works, Others
• By End User: Commercial Aviation, Business And General Aviation, Military Aviation, 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, North America is the largest region in the global defense equipment maintenance, repair, and overhauling services market in 2021.

Major Market Players in the defense equipment maintenance, repair, and overhauling services market include The Boeing Company; Lockheed Martin Corporation; Raytheon Co; Northrop Grumman Corp; Safran SA; Rolls-Royce Holdings plc; Raytheon Technologies Corporation; General Dynamics.

Defense equipment maintenance, repair, and overhauling companies are investing in 3D printing or additive manufacturing technologies to offer replacement parts for tanks, ships, and fighter jets. 3D printing involves producing three-dimensional objects using a computer-aided design model. The application of 3D printing is to create functional components, including prototypes, tooling, and end-use production parts. Additive manufacturing, or 3D printing, helps in the cost-effective production of small batches of intricate parts and complex part designs that need to be repaired, upgraded, and effectively maintained. The technology provides a high degree of design freedom, optimization and integration of functional features, and product customization. For instance, in September, the UK’s Ministry of Defence (MOD) announced the launch of Project TAMPA, an experimental new £5 million program to develop 3D-printed parts for weapons and other military equipment on demand. In order to reduce lengthy lead times for defense inventory, MOD wants to be able to share print files over secure defense networks and quickly produce parts using additive manufacturing (AM), or 3D printing.

The Defense Equipment Maintenance, Repair And Overhauling Services Global Market Report 2023  provides a defense equipment maintenance, repair, and overhauling services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The defense equipment maintenance, repair, and overhauling services market forecast analyzes defense equipment maintenance, repair, and overhauling services market size, defense equipment maintenance, repair, and overhauling services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The defense equipment maintenance, repair, and overhauling services refer to providing MRO services to all kinds of air, sea, and land-based defense equipment, including fighter aircraft, and military helicopters.

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