Integration of Mobile-based Solutions with MRO Operations Will Boost the Global Aircraft Engine MRO Market Through 2019: Technavio
September 11, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global aircraft engine MRO market,which is expected to grow at a CAGR of more than 6% from 2015-2019.
About the Report
According to the new market research report by Technavio, growth of the aircraft engine maintenance, repair, and overhaul (MRO) market will surpass the aircraft fleet growth over the next 10 years, as there is an existing substantial demand for engine maintenance and modifications.
“Increasing demand for engine MRO from emerging markets such as China and India has significantly influenced market growth. Moreover, factors such as tax breaks, better MRO infrastructure, and cheap labor in China also largely support market growth,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the rapid innovation in technology and mobile devices, which has made the integration of mobile-based solutions as a part of MRO operations possible.
“The traditional MRO process involves a lot of paperwork, which can be eliminated through the use of mobile device-based solutions,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global aircraft engine MRO market from 2015-2019. It also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors operating in the market.
Key Information Covered in the Report:
- Key Vendors:
- Delta TechOps
- GE Aviation
- Honeywell Aerospace
- Pratt & Whitney
- Rolls-Royce
- Market Growth Drivers:
- Growing involvement of engine OEMs in MRO industry
- For a full detailed list, view our report.
- Market Challenges:
- High customs and taxes
- For a full detailed list, view our report.
- Market Trends:
- AM technology for MRO spare parts
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the aircraft MRO market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150911005154/en/
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com
