Aircraft MRO Market Share by Manufacturers, Types and Current Scenario 2022-2030

Aircraft MRO Industry Overview

The global aircraft MRO market was evaluated at USD 87.01 billion in 2021 and is expected to expand at a CAGR of 4.57% from 2022 to 2030.

Rapid urbanization and rising economic growth in emerging countries with increased business and tourism travels are expected to increase the market growth. Various external factors, such as air traffic volumes, global fleet size, and aircraft utilization, are expected to significantly impact the market. Also, the increased air travel by individuals for business and personal purposes is expected to create more aircraft production, thereby substantially impacting the market.

Rising investments in aircraft MRO software are also expected to create new business prospects. Aircraft MRO software consists of maintenance tracking, logbook tracking, flight time tracking, service bulletins management, maintenance scheduling, budget forecasting, electronic task card management, and work order management. For instance, in May 2021, India observed significant foreign direct investments in different sectors, including aircraft maintenance, repair, and overhaul industries, as foreign companies focused on acquiring billions of dollars in aircraft MRO services. Therefore, investments and acquisitions are expected to create lucrative opportunities for the market.

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It also has capabilities that help with regulatory compliance with organizations like the Federal Aviation Administration (FAA) and International Civil Aviation Organization (ICAO). Furthermore, the rise in demand for older planes and environmental concerns emphasizes continuous monitoring and maintenance of older planes, thereby creating traction for the market. Furthermore, the global outburst of the COVID-19 pandemic and shutting down of travel and tourism due to strict lookdowns imposed by the government to curb the spread hampered the revenue and profit margins of the airline industry.

The shutting down of the functioning of airlines resulted in more airlines turning to MRO to maintain fleet efficiency. Moreover, numerous government programs have been developed to encourage airports to embrace MRO as a strategic activity. Governments are currently pursuing a variety of holistic measures to guarantee that enough space is available for MRO at various airports around the country, which might raise aircraft MRO activities during the forecasted period. The MRO industry faces the issues due to a shortage in workforce supply, rising workforce costs, a lack of an experienced workforce, and reduced interest in technical maintenance jobs from recent graduate engineers.

This affects the aircraft maintenance, repair, and overhaul (MRO) industry in the forecasted period without any significant change. For MRO operators, right-sourcing and outsourcing are two options that are more relevant to MRO service providers. Ever-increasing material prices are becoming a critical factor affecting the expansion of the aircraft MRO market. Due to this, MRO service providers are targeting to create strategic alliances with OEMs to get help in procuring aircraft parts and components. For instance, in November 2021, Singapore-headquarter SIA Engineering Company (SIAEC) announced that it has set up 23 joint ventures and subsidiaries across seven countries with OEMs, including Pratt & Whitney, Collins, Jamco, Rolls-Royce, GE, Safran, aiming to develop a range of MRO capabilities.

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Aircraft MRO Market Segmentation

Grand View Research has segmented the global aircraft MRO market based on organization, service, aircraft type, aircraft generation outlook, and regional outlook:

Aircraft MRO Service Outlook (Revenue, USD Billion, 2018 – 2030)

• Engine Overhaul
• Airframe Maintenance
• Line Maintenance
• Modification
• Components

Aircraft MRO Organization Type Outlook (Revenue, USD Billion, 2018 – 2030)

• Airline/Operator MRO
• Independent MRO
• Original Equipment Manufacturer (OEM) MRO

Aircraft MRO Aircraft Type Outlook (Revenue, USD Billion, 2018 – 2030)

• Narrow-body
• Wide-body
• Regional Jet
• Others

Aircraft MRO Aircraft Generation Outlook (Revenue, USD Billion, 2018 – 2030)

• Old Generation
• Mid Generation
• New Generation

Aircraft MRO Regional Outlook (Revenue, USD Billion, 2018 – 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies profiled:

Some prominent players in the global Aircraft MRO market include

• GE Aviation.
• AAR Corp.
• Safran SA
• Raytheon Technologies Corporation
• Lufthansa Technik AG
• Air-France Industries KLM Engineering & Maintenance
• Bombardier Inc.
• Delta Airlines, Inc.
• Hong Kong Aircraft Engineering Co. Ltd
• Triumph Group, Inc

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Commercial Helicopter Market Insights, Competitive Landscape and Forecast Report to 2030

Commercial Helicopter Industry Overview

The commercial helicopter market size was valued at USD 5.88 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030.

Increasing use of helicopters in Search and Rescue (SAR), Emergency Medical Services (EMS), along with usage in law enforcement, public safety, and firefighting operations are expected to boost the growth of the commercial helicopter market. The industry is expected to witness an increase in demand for rotorcraft from the oil and gas sector for various marine applications. The need for new helicopters is largely influenced by a variety of factors, such as width, cabinet size, product information, and the development of operational technology.

Factors such as high maintenance costs, operational erosion, contract change cycles, and safety concerns are expected to continue with the replacement of older helicopters. Such a need for the replacement of old helicopters, especially in older markets, is expected to create opportunities for market growth. Air travel has become an important part of travel, especially for professional and recreational purposes. The challenges faced by conventional modes of transport, such as roads and railways, in reaching remote areas provide superiority and growth potential for rotorcraft for transport purposes.

Gather more insights about the market drivers, restraints and growth of the Global Commercial Helicopter Market

The COVID-19 pandemic created a significant impact on the industry. Due to the pandemic, the regional market in Europe, Asia Pacific, and the U.S. suffered a significant descent in the demand for helicopters, with substantially reduced revenues for various helicopter service providers and suppliers across all markets, leading to late delivery, the allowance of limited staff at manufacturing facilities, manufacturing shutdown and minimal equipment availability.

Commercial and civilian helicopters are finding increased application in the oil and offshore gas production, VIP transport, Helicopter Emergency Medical Services (HEMS), law enforcement, and public safety domains. Moreover, reduced noise and enhanced speeds are the two most important characteristics considered by manufacturers when designing new-age helicopters. Reduced accident rates, improved travel session efficacy, and rotorcraft’s cost of the life cycle are expected to act as essential drivers determining the overall expansion of the market.

The increasing number of options for leasing and leasing companies in the market is anticipated to offer a different new opportunity for operators to help expand their fleet of commercial helicopters. Leasing companies are purchasing advanced helicopters to increase their fleet and take into account unprecedented market forces. Many of these companies are positive about the need for helicopters, especially for workers working in the oil and gas industry.

Furthermore, there has also been a noticeable increase in the purchase of new helicopters for activities like training, tourism, firefighting application, enforcement of the law, and particularly for replacing older fleets and widening the application base. The above is expected to be a boon for market growth. Attributes like growth in gas and oil excretion and exploration activities and increased demand for lightweight helicopters for air ambulances for medical purposes are expected to be the market drivers. Fuel-saving and efficiency are the main focus areas for helicopter manufacturers based on the needs of end-users. Technological advances in the aerospace and defense industry, as well as the need for improved helicopter power operations, drive the need to revitalize commercial helicopters.

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Commercial Helicopter Market Segmentation

Grand View Research has segmented the global commercial helicopter market report on the basis of type, application, and region:

Commercial Helicopter Type Outlook (Revenue, USD Million, 2018 – 2030)

• Light
• Medium
• Heavy
• Very Large

Commercial Helicopter Application Outlook (Revenue, USD Million, 2018 – 2030)

• Oil & Gas
• Medical Services
• Transport
• Law Enforcement & Public Safety
• Others

Commercial Helicopter Region Outlook (Revenue, USD Million, 2018 – 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies profiled:

Some prominent players in the global Commercial Helicopter market include

• Airbus S.A.S.
• Bell Helicopter Textron Inc.
• Enstrom Helicopter Corp.
• Hindustan Aeronautics Limited,
• Leonardo S.P.A.
• Lockheed Martin Corporation
• MD Helicopters, Inc.
• Robinson Helicopter Company

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Commercial Helicopter Market Segmented by Regions, Types and Applications with Forecast Report from 2021 – 2025

The Commercial Helicopter Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global commercial helicopter market size is estimated to touch USD 6.92 billion by 2025, according to a new report by Million Insights. It is predicted that the market would grow at a CAGR of 3.8% over the forecast period. Growing oil & gas industry and increasing use of air ambulance are driving the market demand.

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Tourism industries are widely deploying light commercial helicopter to attract a larger consumer base. Rapid growth in the tourism industry is projected to drive commercial helicopter demand. In addition, such rotorcrafts are used by law enforcement agencies and by firefighting agencies. Advanced and luxurious helicopters are highly demanded in the transportation sectors. The growing need for replacement of old rotorcraft with new once is estimated to propel the market growth over the forecast duration.

Increasing demand for cost-effective and fuel-efficient aircraft and changes in operational necessities are among key factors projected to drive the commercial helicopters market growth. Fleet operators take multiple factors into the account such as cabin size, brand experience, range and performance before purchasing rotorcrafts for commercial operation.

North America market is likely to progress significantly owing to rising oil & gas industry in the region. On the other hand, Asia Pacific market accounted for over a billion USD in 2018. Further, the region is anticipated to grow at a CAGR of almost 6% over the next six years. Emerging countries such as China and India are predicted to be the largest growing markets due to relaxation in airspace norms.

Further key findings from the report suggest:

• Rise in demand for the commercial helicopter in public safety operations, by law enforcement agencies and firefighting brigade is driving the market growth.

• In 2018, light segment helicopter accounted for over 30% of the market share.

• Law enforcement & public safety dominated the market and accounted for USD 1.73 billion of market share in 2018.

• Europe was the leading market shareholders in 2018, and the region is projected to continue its domination over the next few years.

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Commercial Helicopter Regional Outlook (Revenue, USD Million, 2015 – 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

Commercial UAV Market Drivers, Potential Growth, Industry Survey and Future Projections till 2022

Global Commercial UAV Market is anticipated to reach USD 2.07 billion by 2022 due to its growing applications in defense and agricultural sectors. UAVs (Unmanned Aerial Vehicles) are miniature pilot-free aircrafts controlled by a remote and use aerodynamics services for aerial functions and navigation. They carry payloads like parcels, medical supplies, heavy material like fire extinguishers, etc., cameras to conduct military and commercial surveillances and perform both videography and photography.

Commercial UAV market is driven by factors like constant technological innovation for unmanned aerial vehicles, increase in demand due to security concerns, growing demands of high definition satellite pictures and rise in initiatives for research & development. The technological innovation like enhancements in cameras, mapping software, specifications of drone, sensory applications are fueling the commercial UAV industry.

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Most of the times, aerial services require surveillance in residential areas, which may disturb privacy of people. Hence, national security and privacy issues are expected to hinder commercial UAV market growth in the years to come. Moreover, strict regulations regarding aerial services in countries like U.K and U.S is negatively affecting the progress of the market of commercial UAV. Wide acceptance of UAV in different applications require extended regulatory framework that challenges the market, especially for security reasons.

The key players in commercial UAV industry include AeroVironment, Inc., 3D Robotics, Inc., SZ DJI Technology Co., Ltd., Leptron Unmanned Aircraft Systems, Inc., Trimble Navigation Ltd., Parrot SA, PrecisionHawk Inc., Aeryon Labs Inc., Yuneec International Co. Ltd., Insitu Inc., Xiaomi Inc., Sentera, senseFly, Quadrocopter, Dragany Innovations, LLC, General Electric Co., Identified Technologies, and others. Despite intense competition among manufacturers, DJI and senseFly sustain top rankings and gain significant percentage of Drone Deploy users in the market of commercial UAV.

Commercial UAV Product Outlook (Revenue, USD Billion, 2012 – 2022)

    • Fixed wing

    • Rotary blade

    • Nano

    • Hybrid

Commercial UAV Application Outlook (Revenue, USD Billion, 2012 – 2022)

    • Agriculture

    • Energy

    • Government

    • Media & Entertainment

    • Others

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Commercial UAV Regional Outlook (Revenue, USD Billion, 2012 – 2022)

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • MEA

Commercial Aircraft Oxygen System Market – Global Industry Insights, Trends and Growth Opportunity Analysis to 2025

18^th November 2019 – The global Commercial Aircraft Oxygen System Market is subject to witness a substantial growth due to the easy availability and increase in the number of aircraft carriers across the globe. Growing awareness among general population associated with need for efficient aircraft oxygen system is expected to fuel market demand in the upcoming years. Globally, the market is predicted to generate massive revenue in the following years, providing numerous opportunities for market players to invest for research and development in the commercial aircraft oxygen system market.

An aircraft oxygen system is responsible for providing oxygen supply to passengers and crewmembers of an aircraft during certain situations. An aircraft oxygen system is particularly required when air pressure in aircraft reduces while operating above 12,000 ft., or in emergencies such as emergency landing. The recent technological advancement in aviation sector coupled with development of novel systems are expected to favor market growth over the next seven years. In addition, increase in number of activities involving mergers, acquisitions and partnerships major aircraft manufacturers are expected to offer lucrative growth opportunities for businesses in the near future.

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Substantial rise in air traffic in both international as well as domestic sector is predicted to boost market demand for aircraft oxygen system across the globe. Factors responsible for robust growth of the market include rising disposable income, increase in air traffic and lower airfare, particularly in Asia Pacific region are anticipated to positively affect industry growth over the forecast period.

The market is broadly categorized into major segments based on end-user application type such as aircraft oxygen system manufacturers, aviation regulatory authorities, sub-component manufacturers and technology support providers. The aircraft oxygen system manufacturing is considered as one of the highly growing segment in the market with substantial revenue generation in the last few years. Growing popularity of aircraft oxygen system manufacturing segment is attributed to the increase in air traffic across the globe.

Key Players:

• Adams Rite
• Cobham
• Rockwell Collins
• Technodinamika
• ZODIAC AEROSPACE

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The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in the recent years owing to the rise in implementation of latest technologies in aerospace sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold major market share in the commercial aircraft oxygen system market with massive growth in forecast period. Countries such as India, China, South Korea, Japan, Malaysia, and Singapore are leading the Asia-Pacific market with rising disposable income, increase in air traffic, lower airfare, and significant investment by leading industry players considering potential growth opportunities in the region.