Civil helicopter: Key market research findings
- Growing use of RFID by manufacturing companies
- Augmented utilization of composites
Technavio has released a new market research report on the global civil helicopter MRO market, which is expected to grow at a CAGR of around 4% between 2016 and 2019. Now-a-days, civil helicopters are in high demand, owing to the rise in offshore activities, increased utilization in law enforcement agencies, search and rescue operations, and emergency medical evacuation. This has propelled the demand for maintenance, repair, and overhaul (MRO) services for civil helicopters. The Americas is the largest market for civil helicopter MRO services, due to the region’s growing adoption of civilian turbine-powered helicopters.
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.
“The MRO market is currently witnessing a shift towards the usage of radio-frequency identification (RFID) to track an asset, electronically. Suppliers can improve their manufacturing efficiencies by using RFID, as they have a clear picture of production demands. Simultaneously, they can verify the authenticity of their parts during procurement. Maintenance companies can use RFID to access full maintenance history of an aircraft, to track spare parts quickly, and to reduce flight delays and cancelations,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
The augmented utilization of composites will impel the opportunities for growth in this market during the forecast period. Composites play a vital role in helicopters as they are used to design seats, engine bay doors, and the fuselage. Factors like its high-cost effectiveness increased strength, corrosion resistive properties, chemical inertness, great fatigue, ease of manufacture, high strength-to-weight ratio, design flexibility, and lower part count will augment its adoption during the forecast period.
The key vendors in the global civil helicopter MRO market include AgustaWestland, Airbus Helicopters, Bell Helicopters, Russian Helicopters, and Sikorsky Aircraft. This market is highly competitive as the vendors in this market compete on the basis of cost, quality, reliability, and aftermarket service to gain maximum market prominence. To survive in this market, the vendors have to provide cost effective and high quality of service with latest technology and materials to the consumers. Vendors that have a global footprint network, in-house manufacturing capabilities, diverse product offerings, and a strong client base will experience the highest growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Civil Helicopter MRO Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
