Amersham, UK — AeroStrategy recently completed a detailed analysis of the of the civil helicopter maintenance, repair and overhaul (MRO) market. A key element of the study was a 10 year forecast of the market. Key findings of the forecast include:
Maintenance accounts for 25% of a typical helicopter’s operating cost.
The fleet of civil helicopters in the at the end of 2006 was 22,170 aircraft, which is expected to increase to 31,170 aircraft by 2016 (This includes civil derivatives used by military operators).
In 2006, the baseline year for the forecast, US$5.0 billion was spent on civil helicopter MRO.
Spending on civil helicopter MRO is expected to grow to $6.8 billion by 2016.
9,950 new civil helicopters are forecast to be delivered between 2007 and 2016, with a peak of 1,049 in 2013.
North America takes 41% of new civil helicopter deliveries from 2007 to 2016, followed by Europe and Asia Pacific, comprising 23% and 15% respectively.
The component MRO market is the largest segment at $2.0 billion, followed by airframe maintenance at $1.5 billion, engine overhaul at $1.1 billion, and major modifications at $0.4 billion.
The large backlog for new helicopters is forcing operators to keep their older aircraft in the air, increasing maintenance expenditures.
Growing use of HUMS and increasingly sophisticated prognostics in the future should reduce maintenance troubleshooting requirements for new generation aircraft and reduce unscheduled maintenance.
AeroStrategy is a management consulting firm specializing in strategy and market analysis for the aviation and aerospace industries. The firm has offices in Europe and North America. For further information, visit www.aerostrategy.com.