Global Military Helicopter MRO Market 2018-2022
About Military Helicopter MRO
Military MRO refers to repair, maintenance, and overhaul services provided by companies to military forces for the optimal health of helicopters.Technavio’s analysts forecast the global military helicopter MRO market will register a revenue of more than USD 9.8 billion by 2022.Covered in this report The report covers the present scenario and the growth prospects of the global military helicopter MRO market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Military Helicopter MRO Market 2018-2022
Technavio recognizes the following companies as the key players in the global military helicopter MRO market: Airbus, CHC Helicopter, Leonardo, Lockheed Martin (Sikorsky Aircraft), RUAG Group, Russian Helicopters, and StandardAero.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing digital helicopter condition-monitoring. Majority of the helicopter operators are expected to experience improved maintenance benefits and safety enhancements as OEMs make further developments in digital data acquisition and new-generation health and usage monitoring systems.”
According to the report, one driver in the market is joint ventures act as strategic initiatives. The military helicopter MRO market will witness an increase in joint ventures and according to Technavio’s market research analysts, this will be one of the primary factors that will trigger the growth of the market till 2022.
Further, the report states that one challenge in the market is barriers to adoption of new technology and equipment. Vendors offering products integrated with upgrade military helicopters are required to adhere to the stringent regulatory norms of different countries. They work with government agencies and departments of defense in countries.
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