This market research study segments the global military helicopter maintenance, repair, and overhaul (MRO) market by maintenance type (field, airframe, component, and engine) and by geography (Americas, APAC, and EMEA). This industry report also presents an analysis of the key drivers and challenges that influence market growth. The key leading vendors identified in the market are Airbus Helicopter, Bell Helicopter, Finmeccanica, Russian Helicopters, and Sikorsky Aircraft.
Technavio has released a new market research report on the global military helicopter MRO market, which is expected to grow at a CAGR of around 3% by 2020. Developing countries in Asia-Pacific region such as India are heavily investing in manufacturing and MRO activities in military aircraft. This increase in investments will, in turn, propel the demand for helicopter MRO during the forecast period. The Americas lead the global military helicopter MRO market, and is expected to occupy around 47% of the total market share. The advent of programs like the service life extension programs (SLEPs) and the renewal of MRO contracts are expected to drive market growth in this region
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the latest trends emerging in this market in the growing adoption of mobile tablets in MRO and support systems. Mobile tablets prove to be efficient and time-saving as they simplify the process for a technician to view stock availability, check repair history, and approve a work order. Moreover, instead of paper documentation, maintenance manuals can be made compact and updated continuously on mobile devices. This recent demand for mobile tablets, increased use of composites, and use of radio-frequency identification (RFID) technology will propel the helicopter MRO market until the end of the forecast period,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
The field maintenance segment accounts for a majority of the market share, and is expected to grow at a moderate CAGR of approximately 3% during the forecast period. The prospects for growth in this market segment will be driven by factors like the increasing orders of military helicopters from developing regions. For instance, the US Army awarded a contract to DynCorp International in 2015 worth $388.5 million to provide field maintenance on rotary wing aircraft, which is likely to boost the market.
Global military helicopter MRO market for field maintenance 2015-2020 ($ billions)
Source: Technavio, 2016
The key players in the global military helicopter MRO market are Airbus Helicopter, Bell Helicopter, Finmeccanica, Russian Helicopters, and Sikorsky Aircraft. The market is highly competitive and is characterized by the presence of a limited number of large and small players. Government initiatives to upgrade aviation technology and raise awareness have helped market vendors to expand their businesses.
A more detailed analysis is available in the Technavio report, Global Military Helicopter MRO Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
