London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global aircraft component MRO market 2015-2019, which is likely to grow at a CAGR of 1.5% during the forecast period of 2014-2019.
“RFID helps to recover critical MRO-related data for the number of parts manufactured, hours in service, overhauls, and modification of the aircraft components,” says Faisal Ghaus, Vice President of Technavio.
“It allows OEMs and MRO technicians to pull out a dataset from the industry database and modify information regarding any current implementation of components.”
Key Market Drivers
- Increase in joint ventures
- Introduction of RFID
- Growing demand for software and in-house database
Key Market Trends
- Rotable components
- Shift to outsourcing of MRO components
- Shift to predictive health monitoring
Key Market Vendors
- GE Aviation
- Honeywell Aerospace
- Lufthansa Technik
- Pratt & Whitney
- Rolls-Royce
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
