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Aircraft MRO Market To Witness CAGR Exceeding 4.7% By 2025 Owing To Rising Number Of Aircraft OEMs In Maintenance & Repair Sector | Million Insights

FELTON, Calif., Jan. 19, 2021 /PRNewswire/ -- The global aircraft MRO market is estimated to attain USD 104.46 billion, by the end of 2025, and is anticipated to grow at a CAGR of 4.7% from 2019 to 2025, according to a new report by Million Insights. The increasing number of aircraft OEMs in the maintenance and repair sector is expected to boost the market growth.

According to the air transport association, MRO services constitute around15.0% of the overall airline operating costs. Moreover, the growing investment by the MRO providers and OEMs on technology is helping to improve the efficiency. The profitability of the industry is dependent on old planes maintenance, which is primarily supporting the MRO service market.

Service providers in the industry have a separate department for the airline operators. Service providers also offer full-service to serve the MRO needs of all the airlines. For example, Lufthansa Technik offers its MRO services through the use of different advanced technologies.

Please click here to get the sample pdf and find more details on "Aircraft MRO Market" Report 2025.

MRO service providers in North America provide huge opportunities for skilled and experienced workers to support the increasing demand from airline maintenance. For example, avionics and mechanics led the worker demand then followed by software and electrical engineers. In 2018, MRO spending on outsourcing service has foreseen high demand.

Airbus a France based airline company is keen on developing Air+ programs that will provide opportunities for the MRO service providers. The company is allowing MRO providers to collaborate with others to offer customized solutions. The company is also planning to open an MRO center in Asian countries such as India.

In 2019, AFI KLM E&M has started using climbing robots for its line maintenance service. The company is also planning to make the integration of these robots with Donecle drones.

Further key findings from the report suggest:

Browse 118 page research report with TOC on "Global Aircraft MRO Market" at: https://www.millioninsights.com/industry-reports/global-aircraft-maintenance-repair-overhaul-mro-market

Million Insights has segmented the aircraft MRO market based on service type, organization type, aircraft type, aircraft generation and region:

Explore more research reports on Military Aerospace & Defense Sector by Million Insights:

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.


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Million Insights
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