Global Commercial Aircraft MRO Market: Overview
Aircraft Maintenance, repair and operation (MRO) is a term used for routine checks, overhauls, inspections, modifications and repairs carried out on the component and the aircraft. Commercial Aircraft MRO plays a significant role in extending and sustaining the life span of an aircraft. Repair, revamp and protection of commercial aircraft are functions of commercial aircraft MRO. Maintenance, repair and operation software help engineers and technicians and engineers. Commercial Aircraft MRO Software which improves supply chain communication ultimately helps in reducing costs and material supply time resulting in increased system and material availability.
Global Commercial Aircraft MRO Market: Key Segments
The global commercial aircraft MRO market can be segmented on the basis of type of maintenance and geography. Line maintenance, component MRO, airframe MRO, modifications and engine MRO are the classification based on the type of maintenance. On the basis of geography, global commercial aircraft MRO market is divided into the Americas, Europe, Middle East and APAC regions. Line maintenance performed approximately every 150-200 flight hours; engine overhaul performed approximately every 12-18 months and component MRO performed approximately every 3 months.
Global Commercial Aircraft MRO Market: Drivers & Restraints
Some of the drivers for global commercial aircraft MRO market are launch of new airlines and expansion of existing fleets among others. Growing demand from developing economies is acting as the main reason for the growth of Commercial Aircraft MRO Market. Increased focus of OEM on MRO activities and increased efforts on fuel efficiency is driving global Commercial aircraft MRO market. Owing to aircraft safety, Commercial Aircraft MRO maintenance has evolved to grow to be a key market within the industry of aviation. Original equipment manufacturers are expected to expand with after sale services. Players are emerging from within developing markets due to rising demand.
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The constant demand for air travel provides Commercial Aircraft MRO’s with abundant opportunities with the preface of a huge number of new aircraft. With the mounting Air traffic, carriers are more tending towards maintaining their current fleets rather than buying new aircrafts as costs incurred in buying a new aircraft are significantly higher than maintenance of the existing fleet. The long term growth of the global commercial aircraft MRO market is significantly related to the air transport industry, increasing fleet sizes and aircraft journeys. Strict rule on aircraft maintenance ensure that Commercial Aircraft MRO Market is constantly required by airline carriers.
Western Europe and North America commercial aviation MRO market is expected to show continue growth with a strong influence. South America, Middle East and Central Asia aircraft market are providing a variety of opportunities for business. Commercial aviation MRO market in Middle East is growing at a faster rate than the worldwide average of Commercial Aircraft MRO market. Retaining and attracting technical talent has consistently been a challenge for the Middle East aircraft MRO market. MRO in North America is expected to suffer due to large scale fleet replacement. Eastern Europe is expected to enjoy notable market due to Russian fleet replacement. MRO Labor cost varies from region to region. The factors like maintenance cost, MRO capabilities, customer services, quality of work and ferry cost are making outsourcing an accurate option in Global commercial aircraft MRO market.