DUBLIN--(BUSINESS WIRE)--The "Global Commercial Aircraft MRO Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The commercial aircraft MRO market will register a CAGR of more than 4% by 2023.
The advent of IoT enabled jet engines is likely to drive growth in the market. IoT is an emerging concept that facilitates many connected things to collect and share data about usage patterns and the work environment, thereby forming a network between unanimated objects and their users.
Adoption of predictive maintenance tools
Since the advent of commercial aviation, airline have been focused on deploying operational aircraft with increased fuel efficiency and lower operational costs.
Scarcity of skilled labors
The advent of predictive maintenance has flooded the MRO industry with a flurry of problems, both technological and manpower related. This has affected the market growth of the commercial aircraft MRO market.
Competitive Landscape
With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify latest growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Market Trends
- Increased Service Life of Aircraft
- Scrap Part Replacement Gaining Prominence
- Launch of Aviation-Friendly Government Initiatives
- Introduction of 3D Printing Technology
- Advancements in Hybrid-Electric Jet Engine Technologies
Key Players
- AAR
- Hong Kong Aircraft Engineering Company
- Lufthansa Technik
-
MTU Aero Engines
- Singapore Technologies Engineering
Topics Covered
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Type
7. Customer Landscape
8. Geographic Landscape
9. Decision Framework
10. Drivers and Challenges
11. Market Trends
12. Vendor Landscape
13. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/hzxhm3/global_commercial?w=4