- The key vendors in the Global Military Aviation MRO Market 2015-2019 are Airbus SAS, Honeywell Aerospace Inc., Lockheed Martin Corp., Northrop Grumman Corp. and Rolls-Royce plc.
London, 07 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Military Aviation MRO Market 2015-2019. An increase in demand for MRO services from developing countries is one of the major trends in the market. Developing countries are strengthening their air forces, because of growing tension among countries and across borders, and a rise in threats from terrorists, resulting in an increase in the demand for military aviation MRO services. The Global Military Aviation MRO market is expected to grow at a CAGR of 3.16 percent during the forecast period of 2014-2019.
“OEM designs have a huge influence on the life cycle of the aircraft and its components, thus driving critical factors such as performance, reliability, and maintenance cost,” says Faisal Ghaus, Vice President of TechNavio Research.
“Aircraft and engine OEMs are laying emphasis on the maintenance and complete care solutions for military aircraft. This will result in military aircraft owners opting for MRO services from OEMs, as they have better knowledge about the product.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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