DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pmqx8d/global_commercial) has announced the addition of the "Global Commercial and Military Aircraft MRO Market 2015-2019" report to their offering.
The Global Commercial and Military Aircraft MRO Market to grow at a CAGR of 3.36% during 2014-2019.
The report includes the present scenario and the growth prospects of the Global Commercial and Military Aircraft MRO Market for the period 2015-2019.
One major trend in this market is Introduction of Wearable Technology in MRO. Earlier, technicians used to access the documentation of flights on their workstations and it has become difficult for them to fix the problem on the ground.
According to the report, one key driver of this market is Additive Manufacturing Used in Aircraft Parts. The increasing use of additive manufacturing in the aerospace and defense industry has led to reduced material costs, availability of parts at the time of use, and decrease in labor content. With the use of additive manufacturing, MRO companies can develop spare parts and complete repairs within time.
Further, the report states that one of the major challenges is the higher replacement cost. MRO is influenced by improved technology and increased maintenance intervals of new generation aircraft, particularly in usage of composites and smart electronics. Also, the cost associated with engine and component MRO is high because it requires greater service expertise as well as greater OEM control.
Key Vendors
- Airbus Group
- HAECO
- Honeywell International
- Lockheed Martin
- ST Aerospace
Other Prominent Vendors
- Air Works
- FL Technics Jet JSC
- GMF AeroAsia
- Lufthansa Technik
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information, visit http://www.researchandmarkets.com/research/pmqx8d/global_commercial.
