Thursday 16 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Military Aviation MRO Market: Airbus SAS, Honeywell Aerospace Inc., Lockheed Martin Corp., Northrop Grumman Corp. and Rolls-Royce plc.
Other Prominent Vendors in the market are: Air Works, Alenia Aermacchi, AMMROC, BAE Systems, Boeing Defense, Space and Security, Dassault Aviation, DynCorp International, Embraer Defense and Security, GE Aviation, Hindustan Aeronautics, L3 Communications Holdings, Pratt & Whitney, RUAG Aviation, Safran and ST Aerospace.
The report said: “An increase in demand for MRO services from developing countries is one of the major trends in the market. Developing countries are strengthening their air forces, because of growing tension among countries and across borders, and a rise in threats from terrorists, resulting in an increase in the demand for military aviation MRO services.”
According to the report, one of the key factors driving the market is the aging military aircraft fleet. The economic turmoil of 2008-2009 had an adverse effect on government budgets, which delayed their air force expansion plans. As a result, countries preferred to repair their existing aircraft, and this has led to a rise in demand for military aviation MRO services.
Further, the report states that one of the key challenges that the market faces is the environmental hazards, as materials, gases, and fluids that are released after the services are contagious and harmful for the environment.
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.