Published on : Jun 05, 2017
Albany, New York, June 05, 2017: The report analyzes the vital trends and recent developments in the global market for military aviation MROs, alongside the key catalysts and deterrents affecting the expansion of the market. The report includes an analysis of the value chain as well as leverages analytic tools such as Porter’s Five Force analysis to assess the level of rivalry between the market players.
With the establishment of several new maintenance facilities across the globe, the worldwide market for military aviation MROs has been advancing at a quick pace. With a view to penetrate the unexplored terrains and thereby level up their revenues, a number of market players are extending their production capacities via new maintenance facilities.
As the establishment of maintenance centers will render it unnecessary to fly aircrafts to other locations, end users will evidently accept the services offered by these service centers instead of third-party services. More importantly, the growing bulk of investments in military aviation is driving the growth of the market.
The increasing importance of the development of environment-friendly aircrafts is one of the recent trends in the global market for military aviation MROs. As environmental concerns become more pronounced, the need to find eco-friendly solutions in the domain of military aviation MROs is expected to have a positive impact on the market’s growth. Environment-friendly aircrafts do not only reduce fuel consumption, but they also help curbing toxic carbon emissions. As a result, the military aviation sectors of several nations have been trying to deploy more eco-friendly technologies.
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By type, the global market for military aviation MROs can be segmented into UAV MRO, multi-role aircraft MRO, multi-mission helicopter MRO, and transport aircraft MRO. Of these, the multi-role aircraft MRO segment is expected to account for the largest share of 56% by the end of the forecast period. While the multi-mission helicopter segment is likely to hold a 12% share, the transport aircraft MRO segment is expected to represent a share of 22% in the international market for military aviation MROs.
By geography, the global market for military aviation MRO can be segmented into Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. While North America might contribute the greatest portion of revenue to the global military aviation MRO market, Asia Pacific is slated for unparalleled growth over the oncoming period. The expanding military expenditures of China, India, Singapore, Malaysia, South Korea, Australia, and Japan are responsible for the increasing demand for military aviation MRO in these regions.
Boeing, Rockwell Collins, Israel Aerospace Industries (IAI), Airbus Group, SIA Engineering Company, and Lockheed Martin are some leading firms operating in the global military aviation MRO market.
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