Oct 3, 2017   SOURCE: BusinessWire

Global Military Aviation MRO Market 2017-2027 - Research and Markets

The "Global Military Aviation MRO Market 2017-2027" report has been added to Research and Markets' offering.

The Global Military Aviation MRO market is expected to be worth US$18.5 Billion in 2017 and is expected increase to US$23.4 Billion by 2027, representing a CAGR of 2.38% during the forecast period.

The expenditure on the sector is expected to be driven by aging military equipment globally, technological innovations in the industry, internal and external security threats, territorial disputes, and modernization initiatives undertaken by armed forces across the world.

In terms of categories, multi-role aircraft MRO is expected to account for the highest proportion of spending, followed by markets for transport aircraft MRO, multi-mission helicopter MRO, transport helicopter MRO and UAV MRO. The market for multi-role aircraft MRO is anticipated to be the largest category primarily due to the ongoing procurement of various types of multi-role aircraft by countries around the world and also because of need for MRO services of aging military fighter aircraft fleet, and MRO services for a number of ongoing multi-role aircraft procurement programs that are anticipated to be executed over the forecast period.

The US is the largest spender, with a cumulative expenditure of US$162.4 Billion over the next decade. Expenditure in the Asia-Pacific region, which occupies 11% of the global market share, is driven by emerging nations, such as China, India, and Australia, among others. Europe occupies 9% of the global military aviation MRO market share, and expenditure is driven by the need to provide MRO services for the aging aircraft, helicopter and UAV fleet in most nations.

Scope

  • Global Military Aviation MRO Market is projected to register a CAGR of 2.38% over 2017-2027.
  • The market is expected to be dominated by multi-role aircraft MRO, which will account for 56% of the market, followed by transport aircraft MRO multi-mission helicopter MRO and with shares of 22% and 12% respectively.
  • UAV MRO and transport helicopter MRO segments are projected to account for shares of 5% each during 2017-2027.
  • North America is projected to dominate the sector with a share of 74%, followed by Asia Pacific, with an estimated share of 11%

Companies Mentioned

  • Boeing
  • BAE Systems
  • Elbit Systems Ltd.
  • Saab
  • Lockheed Martin
  • Airbus
  • General Atomics
  • Raytheon
  • Northrop Grumman
  • DynCorp International
  • Pratt & Whitney

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