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Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 300 | Published : January 2019 | SKU CODE : 5340 | Format :


Aircraft Maintenance, Repair and Overhauling Services Activities Market Characteristics

The aircraft maintenance, repair and overhauling services market consists of sales of aircraft maintenance, repair and overhauling services by entities (organizations, sole traders and partnerships) that maintain, repair and overhaul military and commercial aircraft.

Competitive Landscape of the Aircraft Maintenance, Repair and Overhauling Services  Market

Major players in the global Aircraft Maintenance, Repair and Overhauling Services market include Honeywell Aerospace, AAR Corporation, Air France Industries KLM Engineering & Maintenance, Airbus SAS, The Boeing Company

Aircraft Maintenance, Repair and Overhauling Services  Market Size

The aircraft maintenance, repair and overhauling services market size is expected to increase by 2021, significantly growing at a CAGR of around 5% during the forecast period. The growth in the aircraft maintenance, repair and overhauling services market is due to increased demand for air based travel and increased air war jets

However, the market for aircraft maintenance, repair and overhauling services is expected to face certain restraints from several factors such as travel restrictions and more efficient planes.

Aircraft Maintenance, Repair and Overhauling Services Activities Market Segmentation

The global aircraft maintenance, repair and overhauling services activities market is further segmented based on type and geography.
By Type - The aircraft maintenance, repair and overhauling services market is segmented into 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 out of which Commercial Aircrafts MRO Services accounts for the largest share in the global Aircraft Maintenance, Repair and Overhauling Services market.
By Geography -The global Aircraft Maintenance, Repair and Overhauling Services activities is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest region in the global aircraft maintenance, repair and overhauling services activities market.
Trends in the Aircraft Maintenance, Repair and Overhauling Services Market
Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve safety, productivity and quality of aircrafts. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision making. These technologies optimize manufacturing operations and costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases lifecycle of parts and reduces maintenance costs. Boeing has successfully built machine-learning algorithms for aircraft designing and to automate factory operations, is the major trend in the global Aircraft Maintenance, Repair and Overhauling Services Market
Potential Opportunities in the Aircraft Maintenance, Repair and Overhauling Services Activities Market Rising public private spend in the aircraft industry and growing demand in air travel is expected to increase the potential and scope of the aircraft maintenance, repair and overhauling services activities market.

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