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Disruptive Technologies Enabling MROs Achieve Transformational Growth
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This study analyses the global commercial aircraft maintenance, repair, and overhaul market, providing a forecast of the kind of recovery the market can expect after the COVID-19 pandemic and beyond. The aircraft segments considered for this report are wide-body, narrow-body, and regional aircraft. The aftermarket is segmented into component MRO, line maintenance, airframe heavy maintenance, modifications, and engine overhaul.The report analyses the MRO value chain, with each segment further explained with respect to markets (to capture key stakeholders), cost structure, and the different constituents of the supply chain. The study identifies the top trends impacting the industry, like MRO investments in new technologies, and examines the type of investments expected during the forecast period. Another key trend in this market is mergers and acquisitions, which are important indicators of industry consolidation, especially during the post-COVID-19 recovery period (slated to be between 2023 and 2024). It is a global study and provides a region-specific forecast analysis. The 6 regions considered are the Asia-Pacific, the Middle East, Africa, Europe, North America, and Latin America. The forecast analysis is divided into 3 periods: the short term (2021–2023), medium term (2024–2027), and long term (2028–2030). The MROs in all regions have been similarly affected by the pandemic-induced ceasing of business operations; however, each region has some unique characteristics which will define its recovery and subsequent growth. The study also provides an analysis of the drivers and restraints for each region to offer a clear picture of the direction in which the MRO industry is expected to progress during the forecast period.
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