Helicopter MRO Industry Research Report And Top Key Players

 

Market Overview

Helicopter MRO Industry is projected to grow USD 12.34 Billion at a CAGR 4.55% by during the forecast period.

The growing amount of helicopter deliveries and demand for helicopters in developing countries are driving the growth of the global Helicopter MRO Industry. Increased use of commercial helicopters and expansion in the outsourcing of MRO services are poised to fuel industry growth. The rising global demand for civil helicopters is the key factor driving the development of the MRO industry for civil helicopters. Many of this demand can be due to factors such as the rise of offshore activity, expanded use by law enforcement authorities, search and rescue activities, and medical emergency evacuation. This rise in demand for civil helicopters will foster the need for MRO services, which in turn will foster growth opportunities in the global market for MRO civil helicopter services over the projected period.

During the forecast era, the increased use of composites would fuel opportunities for growth in this sector. In helicopters, composites play a crucial role as they are used to design seats, doors for the engine bay, and the fuselage. Increased resilience, corrosion resistive properties, chemical inertness, great fatigue, ease of processing, high strength-to - weight ratio, design durability, and lower component count factors such as its high-cost performance would improve its acceptance during the review period.

Strict government regulations are, however, likely to curtail demand expansion.

Key players:

The Key Players in the Global Helicopter MRO Industry are Airbus SAS (Netherlands), Heli-One (Canada), Honeywell International Inc. (US), Leonardo SpA (Italy), MTU Aero Engines AG (Germany), Rolls-Royce Holdings PLC (UK), Safran SA (France), StandardAero (US), Textron Inc.  (US), and United Technologies Corporation (US).

Segmental Analysis:

The Global Helicopter MRO Industry has been analysed based on application, helicopter type, type, and region.

By type, the market has been classified as airframe heavy maintenance, engine maintenance, component maintenance, and line maintenance.

Based on helicopter type the market has been segmented into medium helicopter (3.1–9.0 tons), light helicopter (<3.1 tons), and heavy helicopter (>9.0 tons). The application segments of the market are civil and military.

By application, the market has been bifurcated as civil and military. 

Regional Analysis:

The Global Helicopter MRO Industry has been segmented, by region, into North America, Europe, Asia-Pacific, and the Middle East & Africa, and Latin America. 

North America is expected to be the largest market for helicopter MRO. The Helicopter MRO market in North America is expected to register a CAGR of 3.97% during the forecast period. North America dominated the global Helicopter MRO Industry in 2018 due to the presence of major players, such as Honeywell International Inc., StandardAero, Textron Inc., and United Technologies Corporation. North America has the highest number of MRO facilities for both civil and military helicopters in the world. Although there have been investments in the development of advanced MRO services in Canada, the North American market is largely dominated by the US. Moreover, owing to this region’s growing adoption of civilian turbine-powered helicopters. Also, the Americas’ high economic stability will foster the substitution of aging aircraft that are involved in various sectors such as tourism, offshore activities, search, and rescue missions. This growing substitution of aging aircraft will impel the prospects for market growth in the Americas. 

Europe is projected to be the second-largest market during the review period. The regional market is expected to reach USD 3,221.3 Million by 2025 at a CAGR of 4.38% during the forecast period. Asia-Pacific is projected to be the third-largest market during the review period. The regional market is expected to reach USD 1,597.1 Million by 2025 at a CAGR of 6.88% during the forecast period.

Full report @ https://www.marketresearchfuture.com/reports/helicopter-mro-market-8523

Related Reports:

Low Cost Carrier (LCC) Market Research Report: Information by Aircraft Type (Narrow-Body and Wide-Body), Operations (Domestic and International), Purpose (Leisure Travel, VFR, Business Travel, Others), Distribution Channel (Online, Travel Agency, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast Till 2030

Military Antenna Market: Information by Type (Dipole, Monopole, Array, Others), Frequency (HF, VHF, UHF), Application (Surveillance, Electronic Warfare, Navigation, Communication), End User (Airborne, Marine, Ground), & by Region—Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Attack Helicopter Market Key Players and their Role in Revenue Generation by 2032

  Market Overview: Increased defense budgets, geopolitical tensions, and the desire for enhanced military capabilities have all contributed to significant expansion in the worldwide attack helicopter market in recent years. Attack helicopters are critical components of modern warfare, providing rapid response, firepower, and mobility. During the forecast period (2023-2032), the Attack helicopter market is expected to develop at a compound annual growth rate (CAGR) of 4.50%. As nations attempt to improve their defense capabilities, demand for attack helicopters has increased. These rotorcraft are built for close air support, anti-armor missions, and armed reconnaissance, making them essential in current military operations. Technological developments, including as stealth capabilities, sophisticated avionics, and improved weapon systems, characterize the market. Key Players: Leading market players are extensively spending in R&D to increase their product ranges, which...
Read more

Helicopter Lighting Industry, Trends Of Market, Statistics and Information Overview By 2027

  Market Overview: The helicopter lighting industry is estimated to register a CAGR of more than 3% during the forecast period by 2027. The main source of lighting for rotary-wing aircraft is the lighting system of the helicopter. It accomplishes two key goals. The internal lighting illuminates the instruments, equipment, and cabins at night while the exterior lighting provides illumination for navigation, signalling, landing, search and rescue, and anti-collision. Additionally, there is a HEELS (helicopter emergency egress lighting system) within the cabin, which facilitates evacuation in an emergency. Most of the external illumination is required for safe operation in helicopters by a number of organisations, including the FAA. Meanwhile, the military helicopter lighting market CAGR is somewhat constrained by reductions in defence spending, particularly in industrialised nations. However, the industry has bright prospects for expansion due to the growing usage of helico...
Read more

Military Body Armor Market Size of Business Will Invest In Advanced Next Generation Aircrafts

    Market Overview: Military Body Armor Market Size is estimated to reach USD 2.23 Billion by 2030, registering a CAGR of 5.4% during 2020-2030. Body armor refer to protective clothing, designed to absorb slashing, bludgeoning and penetrating attacks by weapons. Soldiers are exposed to high-calibre fire, explosives and have to manoeuvre through highly-volatile zones. This is why it is very important that they are protected with the highest level of ballistic resistant vests. they typically issued government-approved body armour to wear when they are going to high-risk zones. The Military Body Armor Market Size has been segmented by protection level, protection type, material, and region. Based on material, the market has been further segmented into steel, composite ceramics, aramid, Ultra-High-Molecular-Weight Polyethylene (UHMWPE), and others. Composites ceramics are widely used in most hard armor plates, along with aramid backing, such as Kevlar. Key Players: T...
Read more