The new report by Expert Market Research titled, ‘Global Helicopter MRO Services Market Size, Report and Forecast 2022-2027’, gives an in-depth analysis of the global helicopter MRO services market, assessing the market based on its segments like MRO service operators, helicopter types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.7%
The global market is likely to be driven by expanding civil and military aircraft and helicopter fleets across the globe. Major companies are introducing MRO services as part of their diversification strategies and to focus and complement work in energy, search and rescue, air medical, and marine pilot transfers services, thereby propelling the market growth.
The thriving aviation industry in India, Japan, China, and Australia, which has seen a high number of aircraft and helicopter deliveries, will also support the market’s strong expansion. The demand for lightweight helicopters for emergency medical services in countries like China and India would help the market grow. The global market will be pushed even further by the growing number of contracts between MRO service providers and helicopter operators.
Industry Definition and Major Segments
MRO stands for Maintenance, Repair, and Overhaul, and it refers to a variety of maintenance activities performed to keep an aircraft safe, serviceable, and airworthy. Aircraft maintenance and repair is an important aspect of the aircraft lifecycle. MRO includes both scheduled and unscheduled maintenance to keep the aircraft consistently airworthy.
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Based on MRO service operator, the market is segmented into:
• Flight Inspection
• Power by Hour
By helicopter type, the market is divided into:
The major applications of the market are:
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Digital MRO refers to the use of digital technologies, such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), robotics, augmented reality (AR/VR), digital twins, and 3D printing to carry out maintenance, repair, and overhaul (MRO) operations. These technologies improve operating efficiency, while also reducing turnaround time.
Indeed, technological improvements are transforming the MRO industry and spurring the development of novel solutions. This is expected to augment the market growth. The growing acceptance of PHB due to its advantages, such as reduced financial risk, prediction of accurate maintenance costs, ease in accessibility of component maintenance and others, will have an excellent impact on the helicopter MRO services market growth. The increasing acceptance of helicopter modifications is further driving the market growth.
Key Market Players
The major players in the market are Airbus SAS, Heli-One, Honeywell International Inc., Leonardo S.p.A, MTU Aero Engines AG, Rolls-Royce Plc, and Safran Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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