Global Aircraft Component MRO Market 2015-2019 - Increase in Joint Ventures / Difficulties Faced by Individual MRO Providers / Shift Toward Outsourcing of MRO Components

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14 Dec, 2015, 16:10 GMT

DUBLIN, Dec. 14, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/92j993/global_aircraft) has announced the addition of the "Global Aircraft Component MRO Market 2015-2019" report to their offering.

The global aircraft component MRO market to grow at a CAGR of 1.5% over the period 2014-2019.

Aircraft component MRO services are essential in ensuring the smooth operation of aircraft. MRO providers and companies are regulated by various aviation authorities, such as the FAA, the CASA, and the EASA. Aircraft component MRO services include maintenance, repair, and overhaul of avionics and electronics, mechanical actuators, fuel systems and carburetors, landing gear, and auxiliary power units.

The report includes the present scenario and the growth prospects of the global aircraft component MRO market for the period 2015-2019. Based on the type of aircraft, the market can be segmented into narrow-body, wide-body, and regional jets/turboprop. The report includes a discussion on the key vendors operating in this market.

The growing competition among airline operators has led to the development of new technologies such as reusable, or rotable, components in aircraft. These components are serialized and tracked on the airline's database, and could be rebuilt and overhauled (in-house or by a vendor) to use it again from the stock.

According to the report, growing demand for cost-effective and reliable components is leading to an increase in the number of joint ventures in the market. These ventures will allow the partners to stretch their range of services, leverage their offerings, and extend their geographical presence. Joint ventures in the market allow consumers to gain better return on investment (ROI) in terms of industrial growth.

Further, the report states that MRO services such as cleaning operations result in the emission of harmful acidic waste. Striping and coating of aircraft with special chemicals and solvents as well as the leakage and spillage of hydraulic fluids cause environmental pollution. Some of these harmful chemicals include methyl ethyl ketone, aromatic hydrocarbons, and chlorinated solvents, which are produced by APUs, apron vehicles, and aircraft engines.

Key vendors

  • GE Aviation
  • Honeywell Aerospace
  • Lufthansa Technik
  • Pratt & Whitney
  • Rolls-Royce

Other prominent vendors

  • AAR
  • Barnes Aerospace
  • Delta TechOps
  • FL Technics
  • Turkish technic

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Global aerospace and defense value chain system

Part 07: Global aerospace and defense supply chain system

Part 08: Global aircraft component MRO market by aircraft type

Part 09: Global aircraft component MRO market by aircraft type

Part 10: Geographical segmentation

Part 11: Market drivers

Part 12: Impact of drivers

Part 13: Market challenges

Part 14: Impact of drivers and challenges

Part 15: Market trends

Part 16: Vendor landscape

Part 17: Key vendor analysis

Part 18: Appendix

For more information visit http://www.researchandmarkets.com/research/92j993/global_aircraft

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets