About aircraft component MRO
Aircraft component MRO services are essential in ensuring the smooth operation of aircraft. MRO providers and companies are regulated by various aviation authorities, such as the FAA, the CASA, and the EASA. Aircraft component MRO services include maintenance, repair, and overhaul of avionics and electronics, mechanical actuators, fuel systems and carburetors, landing gear, and auxiliary power units.
Technavio's analysts forecast the global aircraft component MRO market to grow at a CAGR of 1.5% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global aircraft component MRO market for the period 2015-2019. Based on the type of aircraft, the market can be segmented into narrow-body, wide-body, and regional jets/turboprop.
Technavio's report, Global Aircraft Component MRO Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global aircraft component MRO market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Aircraft Component MRO Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Aircraft Component MRO Market: GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney and Rolls-Royce
Other Prominent Vendors in the market are: AAR, Barnes Aerospace, Delta TechOps, FL Technics and Turkish technic
Commenting on the report, an analyst from Technavio’s team said: “The growing competition among airline operators has led to the development of new technologies such as reusable, or rotable, components in aircraft. These components are serialized and tracked on the airline's database, and could be rebuilt and overhauled (in-house or by a vendor) to use it again from the stock.”
According to the report, growing demand for cost-effective and reliable components is leading to an increase in the number of joint ventures in the market. These ventures will allow the partners to stretch their range of services, leverage their offerings, and extend their geographical presence. Joint ventures in the market allow consumers to gain better return on investment (ROI) in terms of industrial growth.
Further, the report states that MRO services such as cleaning operations result in the emission of harmful acidic waste. Striping and coating of aircraft with special chemicals and solvents as well as the leakage and spillage of hydraulic fluids cause environmental pollution. Some of these harmful chemicals include methyl ethyl ketone, aromatic hydrocarbons, and chlorinated solvents, which are produced by APUs, apron vehicles, and aircraft engines.
GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney, Rolls-Royce, AAR, Barnes Aerospace, Delta TechOps, FL Technics, Turkish technic
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