Dec 14, 2018   SOURCE: BusinessWire

Global Commercial Aircraft MRO Market Outlook, 2019-2023 - AAR, Hong Kong Aircraft Engineering Company, Lufthansa Technik, MTU Aero Engines, and Singapore Technologies Engineering are Dominating - ResearchAndMarkets.com

The "Global Commercial Aircraft MRO Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The commercial aircraft MRO market will register a CAGR of more than 4% by 2023.

The advent of IoT enabled jet engines is likely to drive growth in the market. IoT is an emerging concept that facilitates many connected things to collect and share data about usage patterns and the work environment, thereby forming a network between unanimated objects and their users.

Adoption of predictive maintenance tools

Since the advent of commercial aviation, airline have been focused on deploying operational aircraft with increased fuel efficiency and lower operational costs.

Scarcity of skilled labors

The advent of predictive maintenance has flooded the MRO industry with a flurry of problems, both technological and manpower related. This has affected the market growth of the commercial aircraft MRO market.

Competitive Landscape

With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify latest growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Market Trends

  • Increased Service Life of Aircraft
  • Scrap Part Replacement Gaining Prominence
  • Launch of Aviation-Friendly Government Initiatives
  • Introduction of 3D Printing Technology
  • Advancements in Hybrid-Electric Jet Engine Technologies

Key Players

  • AAR
  • Hong Kong Aircraft Engineering Company
  • Lufthansa Technik
  • MTU Aero Engines
  • Singapore Technologies Engineering

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Market Landscape

4. Market Sizing

5. Five Forces Analysis

6. Market Segmentation by Type

7. Customer Landscape

8. Geographic Landscape

9. Decision Framework

10. Drivers and Challenges

11. Market Trends

12. Vendor Landscape

13. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/hzxhm3/global_commercial?w=4