Dublin, May 31, 2023 (GLOBE NEWSWIRE) -- The "Military Aircraft Maintenance, Repair & Overhaul (MRO) Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Military Aircraft Maintenance, Repair & Overhaul (MRO) Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Fluctuations in Military Budgets Projected to Impact Market Growth
Fluctuations in military budgets across developed and emerging countries can have a significant impact on defence companies offering maintenance, repair, and overhaul (MRO) services. A decrease in military spending can lead to reduced demand for MRO services, resulting in lower revenues for the market players involved in the military aircraft maintenance, repair & overhaul (MRO) industry. On the other hand, an increase in military spending can lead to higher demand for MRO services, creating more opportunities for the market players.
Additionally, changes in military budgets may affect the types of equipment and platforms that are in use, which can also impact the MRO services required. Furthermore, other factors such as geopolitical tensions, technological advancements, and changing defence priorities is also anticipated to have a significant impact on the military aircraft maintenance, repair & overhaul (MRO) industry growth over the forecast period.
Adoption of Collaborative Robots (Cobots) Will Foster Industry Growth
Cobots are robots designed to work alongside humans in a workspace. In the context of military maintenance, repair, and overhaul (MRO), collaborative robots can be used to perform a variety of tasks, such as heavy lifting, precision assembly, and painting. One of the main advantages of using collaborative robots in military MRO is their ability to work safely alongside humans.
Another advantage of using collaborative robots in military MRO is their ability to perform repetitive tasks with high precision and accuracy, which can help to improve the quality of repairs and maintenance. We anticipates that over the forecast period, usage of collaborative robots in military MRO can help to improve the efficiency and effectiveness of maintenance operations, while also increasing the safety and well-being of maintenance personnel.
What Questions Should You Ask before Buying a Market Research Report?
- How is the military aircraft maintenance, repair & overhaul (MRO) market evolving?
- What is driving and restraining the military aircraft maintenance, repair & overhaul (MRO) market?
- How will each military aircraft maintenance, repair & overhaul (MRO) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each military aircraft maintenance, repair & overhaul (MRO) submarket develop from 2023 to 2033?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading military aircraft maintenance, repair & overhaul (MRO) markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the military aircraft maintenance, repair & overhaul (MRO) projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033? What are the implications of military aircraft maintenance, repair & overhaul (MRO) projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the military aircraft maintenance, repair & overhaul (MRO) market?
- Where is the military aircraft maintenance, repair & overhaul (MRO) market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
Segments Covered in the Report
Product
- Heavy Engine Maintenance
- Components
- Heavy Airframe Maintenance
- Operational and Field Maintenance
Application
- Narrowbody
- Widebody
- Regional
- Turboprop
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 29 leading national markets:
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Belgium
- Netherlands
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Malaysia
- Singapore
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
MEA
- Saudi Arabia
- UAE
- Iraq
- South Africa
- Rest of MEA
The report also includes profiles and for some of the leading companies in the Military Aircraft Maintenance, Repair & Overhaul (MRO) Market, 2023 to 2033, with a focus on this segment of these companies' operations.
Leading companies and the potential for market growth
- AAR
- AFI KLM E&M
- Airbus
- AMETEK, Inc.
- AMMROC
- BAE Systems
- Boeing
- Curtiss-Wright Corporation
- Dassault Aviation
- Embraer S.A.
- General Dynamics
- Hensoldt
- Hindustan Aeronautics Limited (HAL)
- Honeywell International Inc.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Lufthansa Technik
- MTU Aero Engines AG
- Pratt & Whitney (Raytheon Technologies Corporation)
- Rolls-Royce plc
- RUAG Group
- Safran SA
- ST Engineering
- Thales
- United Aircraft Corporation
Key Topics Covered:
1 Report Overview
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Usage of Collaborative Robots to Boost Industry Growth
3.2.1.2 Smart Maintenance in Military MRO Driving Industry Growth
3.2.1.3 Optimizing Supply Chain
3.2.1.4 Technological Advancements to Offer Competitive Edge
3.2.2 Market Restraining Factors
3.2.2.1 Budgetary Restraints to Pressurize MRO Providers to Develop Efficient Methods to Carry Out Routine Tasks
3.2.2.2 Evolving Forms of Performance-based MRO Contracts
3.2.2.3 Fluctuations in Military Budgets Across Different Economies to Challenged Market Growth
3.2.2.4 Fluctuations in Oil & Fuel Prices is a Major Concern Among MRO Service Providers Globally
3.2.2.5 OEMs in the Aftermarket to Challenge Market Growth to Some Extent
3.2.2.6 Labour Shortages to Challenge All Sectors of MRO Industry
3.2.3 Market Opportunities
3.2.3.1 Emerging Asia Pacific Economies
3.2.3.2 Growing Demand for MRO Services Owing to Expansion by Major Companies
4 Military Aircraft MRO Market Analysis by Product
5 Military Aircraft MRO Market Analysis by Application
6 Military Aircraft MRO Market Analysis by Region
7 North America Military Aircraft MRO Market Analysis
8 Europe Military Aircraft MRO Market Analysis
9 Asia Pacific Military Aircraft MRO Market Analysis
10 Latin America Military Aircraft MRO Market Analysis
11 Middle East and Africa Military Aircraft MRO Market Analysis
12 Company Profiles
13 Conclusion and Recommendations
Companies Mentioned
- AAR
- AFI KLM E&M
- Airbus
- AMETEK, Inc.
- AMMROC
- BAE Systems
- Boeing
- Curtiss-Wright Corporation
- Dassault Aviation
- Embraer S.A.
- General Dynamics
- Hensoldt
- Hindustan Aeronautics Limited (HAL)
- Honeywell International Inc.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Lufthansa Technik
- MTU Aero Engines AG
- Pratt & Whitney (Raytheon Technologies Corporation)
- Rolls-Royce plc
- RUAG Group
- Safran SA
- ST Engineering
- Thales
- United Aircraft Corporation
- AL TAIF
- Amentum Services Inc.
- Aviation Technical Services
- Collins Aerospace
- Erickson Incorporated
- FACC AG
- FL Technics
- General Electric (GE) Aviation
- Global Parts Group, Inc.
- Haite High-tech Co., Ltd. (HAITE Hi-Tech)
- Korea Aerospace Industries, Ltd.
- Kyndryl
- Marshall Aerospace
- Max AeroSpace & Aviation Pvt. Ltd.
- MRO Japan Co., Ltd.
- Tata Group
- Triumph Group, Inc.
- Vallair
- VSE Corporation
- Commonwealth Scientific and Industrial Research Organization (CSIRO)
- Defence Public Sector Undertakings (DPSUs)
- Department for Promotion of Industry and Internal Trade (DPIIT)
- European Union Aviation Safety Agency (EASA)
- German Air Force
- Indian Air Force (IAF)
- Ministry of Defence (India)
- North Atlantic Treaty Organization (NATO)
- People's Liberation Army Air Force (PLAAF)
- Royal Canadian Air Force (RCAF)
- Royal Malaysian Air Force
- Royal Norwegian Air Force
- The Royal Air Force (RAF)
- U.S. Air Force (USAF)
- UK Air Forces
- United States Air Forces in Europe (USAFE)
For more information about this report visit https://www.researchandmarkets.com/r/l53uvm
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