The report, now available on ASDReports, recognizes the following companies as the key players in the global military helicopter MRO market: Airbus, CHC Helicopter, Leonardo, Lockheed Martin (Sikorsky Aircraft), RUAG Group, Russian Helicopters, and StandardAero.
Commenting on the report, an analyst said: “One trend in the market is increasing digital helicopter condition-monitoring. Majority of the helicopter operators are expected to experience improved maintenance benefits and safety enhancements as OEMs make further developments in digital data acquisition and new-generation health and usage monitoring systems.”
According to the report, one driver in the market is joint ventures act as strategic initiatives. The military helicopter MRO market will witness an increase in joint ventures and according to Technavio’s market research analysts, this will be one of the primary factors that will trigger the growth of the market till 2022.
Further, the report states that one challenge in the market is barriers to adoption of new technology and equipment. Vendors offering products integrated with upgrade military helicopters are required to adhere to the stringent regulatory norms of different countries. They work with government agencies and departments of defense in countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.