Global Military Aviation MRO Market (2020 to 2025) – Growth, Trends, and Forecasts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Military Aviation MRO Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The military aviation MRO market is anticipated to register a CAGR of 2.81% during the forecast period.

Companies Mentioned

  • The Boeing Company
  • BAE Systems PLC
  • Elbit Systems Ltd
  • Saab AB
  • Lockheed Martin Corporation
  • General Atomics
  • Northrop Grumman Corporation
  • DynCorp International
  • Pratt & Whitney (Raytheon Technologies Corporation)
  • Rolls-Royce Holding PLC
  • Safran SA
  • MTU Aero Engines

Key Market Trends

The Engine MRO Segment to Record the Highest CAGR During the Forecast Period

Engine MRO is an extremely important part of MRO and also the most expensive one. The increasing complexity of the engine parts and the increased number of military aircraft crashes, due to engine failures, have made militaries focus on frequent engine maintenance and periodic checks. Moreover, the engine is one of the components of the aircraft, which has to be maintained regularly irrespective of whether it is flying or on the ground. The current aging fleet of aircraft in service is generating the need for engine maintenance from various military forces in the world.

Further, the induction of newer, advanced aircraft models, like F-35, Rafale, and Eurofighter Typhoon, is anticipated to enhance the prospects for the MROs for those engines in the future. For instance, Rolls-Royce was selected by the UK Ministry of Defence (MoD) in August 2019 to provide the maintenance and repair support for the EJ200 engines of Typhoon fighter aircraft fleet in service of the Royal Air Force (RAF) until 2024. The engine support contract (EJISS) was worth USD 431.06 million, a follow-on to the ten-year Partnered Support Operational Phase arrangement. Such factors are expected to increase the revenues for the engine segment in the years to come, thus, making this segment register the fastest growth during the forecast period.

North America Accounted for the Largest Share of the Market in 2019

Currently, North America has the highest military aircraft fleet in the world, with the US having more than 13,000 military aircraft. The major driving factor for MRO in this country is the significant demand to upgrade the existing fleet with the latest technologies and systems. The majority of MRO expenditure is on the nation’s large fleet of multi-role aircraft, transport aircraft, and surveillance aircraft that require high maintenance for engines and airframes, along with field and component maintenance services.

The US Air Force is slowly addressing its aging aircraft problem, as it takes delivery of newer generation jets. Total aircraft numbers have declined since 2000 despite the increasing budget. As inventories decreased, average aircraft age increased over the past decade. The average age of the US Air Force fleet is over 25 years and the bombers have an average age of over 50 years. This necessitates upgrade and regular maintenance to keep the aircraft at par with the newer generation aircraft and extend their service life. The US is planning to achieve an 80% readiness rate for all military aircraft in the near future. Such initiatives are expected to propel the growth of MRO activities in the near future in the North American region. However, the market is expected to witness the highest growth in the Asia-Pacific region, with most of the demand being generated from countries, like China, India, Japan, and South Korea.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Attractiveness – Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

5.1 MRO Type

5.1.1 Engine MRO

5.1.2 Components MRO

5.1.3 Interior MRO

5.1.4 Airframe MRO

5.1.5 Modifications MRO

5.1.6 Field Maintenance

5.2 Aircraft Type

5.2.1 Fixed-wing Aircraft

5.2.2 Rotorcraft

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Russia

5.3.2.5 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 Japan

5.3.3.3 India

5.3.3.4 South Korea

5.3.3.5 Rest of Asia-Pacific

5.3.4 Latin America

5.3.4.1 Brazil

5.3.4.2 Rest of Latin America

5.3.5 Middle-East and Africa

5.3.5.1 United Arab Emirates

5.3.5.2 Saudi Arabia

5.3.5.3 Qatar

5.3.5.4 Egypt

5.3.5.5 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/aznxbp

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