Air Transport MRO Market - Growth, Size, Share

SAN JOSE, Calif. - Dec. 4, 2019 - PRLog -- According to a new market research report published by Credence Research "Air Transport MRO Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027", the overall air transport MRO market worldwide is set to grow with a CAGR of 4.64% throughout the forecast period starting from US$ 78.84 Bn in 2018.

Market Insights

Using cutting-edge technologies such as artificial intelligence, airliners and MRO industry players are using predictive software solutions such as AMOS, AerData and Rusada to reduce their turnaround time (TAT). Through data integration and predictability of demand, players are able to streamline their service, execution and improve their performance through keeping them competitive on the market. In July 2018, Russia's Ural Airlines selected Swiss-AS AMOS technology to improve its productivity in the planning and execution of MRO airline operations.

Based on the type of aircraft, the narrow body segment led the industry with more than 55% of the total market size of the globe in 2018, in terms of revenue. Due to its extended range, maximum take-off weight and fuel efficiency, narrow body aircraft are most suitable for low-cost carriers. In 2018, more than 1,200 narrow-body aircraft were delivered by AirBus and Boeing, the two major aircraft manufacturers. In addition, both players are committed to increasing their production rate, which will further increase the narrow market share of the body during the forecast period.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60027

The overall air transport MRO market is quite competitive in nature with market players focusing on use of technology to improve its efficiency. Lufthansa Technik is among the largest players having international license for maintenance, repair and overhaul. The company provides AVIATAR, a cloud-based independent open platform for MRO. Additionally, in October 2019, AAR Corp. integrated Donecle drones for its MRO operations. This fully automated drone technology improved its precision and speed in inspection and execution of maintenance plan. This helped company to reduce its turnaround time (TAT) which results into higher client satisfaction. With shorter TAT, company is expecting to attract more airliners towards AAR Corp. for MRO services.

Some of the major companies profiled in the report include AAR Corp., Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Delta TechOps, Lufthansa Technik, Airbus S.A.S., Singapore Technologies Engineering Ltd., Turkish Technic Inc., Sabena Technics and SR Technics among others.