Lewes, DE -- (SBWire) -- 03/17/2016 --Report forecast the global military helicopter MRO market to grow at a CAGR of 3.2% during the period 2016-2020.
Helicopter maintenance, repair, and overhaul (MRO) has become one of the essential practices to ensure that fleets have optimal airworthiness and an extended service life. MRO companies perform functions such as repairs, inspections, routine checks, and overhaul.
The operators and OEMs are strictly governed by national and international aviation regulatory bodies, such as Federal Aviation Administration (FAA), and European Aviation Safety Administration (EASA), to ensure adherence to regulations regarding the performance of military helicopter MRO. Companies that conduct such services require approval and certification from aviation safety bodies concerned.
The report covers the present scenario and the growth prospects of the global military helicopter MRO market for 2016-2020. It considers the revenue generated in the overall market to calculate the market size.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, additive manufacturing (AM) is a technique that uses materials such as metals, polymers, and composites to build objects, layer by layer. This technology is also known as 3D printing. AM allows flexibility when creating complex geometries that would otherwise be difficult with traditional manufacturing. Moreover, AM machines use materials, such as titanium, effectively with reduced waste production compared to conventional devices. AM is mainly employed for customized production and, therefore, is very economical in terms of scale and scope. This aspect highly contradicts mass production industries and makes AM a better fit for A&D industry. .
Further, the report states that shortage of skilled labor has challenged the commercial and military aviation MRO services, and has hampered aircraft operations and increased the number of accidents.
Global Military Helicopter MRO Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Military Helicopter MRO Market: Airbus Helicopter, Bell Helicopter, Finmeccanica, Russian Helicopters, and Sikorsky Aircraft.
Other Prominent Vendors in the market are: Heli-One, Kitchener Aero Avionics, StandardAero, and Transwest Helicopters.
Market driver
- Increasing demand for 3D printing
- For a full, detailed list, view our report
Market challenge
- Increased concern for helicopter MRO
- For a full, detailed list, view our report
Market trend
- Increased use of composites
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 68 pages and 41 Exhibit "Global Military Helicopter MRO Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Global aerospace and defense supply chain system, Global aerospace and defense value chain system, Market segmentation by maintenance type, Geographical segmentation, Key leading regions, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-military-helicopter-mro-market-2016-2020
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