Executive Briefings

Critical Juncture for Global MRO Provisions

Experts warn that provision of maintenance, repair and overhaul (MRO) services to the aerospace and defense industries will be severely impacted.

"The global market for maintenance, repair, and overhaul for aerospace and defense represents one of world's largest markets in terms of size, scope and revenue, with overall revenues of around $50bn for the commercial aviation sector," according to Dick Slansky, the principal author of ARC's Maintenance, Repair, and Overhaul for Aerospace & Defense Industry Global Market Research Study. "MRO for global military fixed wing and rotary wing fleets is even larger in terms of revenue expenditures at around $60bn for all regions."

The emergence of strong economies in the BRIC countries, along with the rapidly growing demand for air transport in these regions, will drive a regional jet market for the next two decades, according to ARC.

Slansky noted that, today, most MRO providers are focused on ways to reduce aircraft, engine and component turnaround times: "This effort across the industry is imperative as operators/carriers attempt to eke out better fleet asset utilization. Next to fuel, the largest operating cost to the carriers is maintaining their fleets."

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"The global market for maintenance, repair, and overhaul for aerospace and defense represents one of world's largest markets in terms of size, scope and revenue, with overall revenues of around $50bn for the commercial aviation sector," according to Dick Slansky, the principal author of ARC's Maintenance, Repair, and Overhaul for Aerospace & Defense Industry Global Market Research Study. "MRO for global military fixed wing and rotary wing fleets is even larger in terms of revenue expenditures at around $60bn for all regions."

The emergence of strong economies in the BRIC countries, along with the rapidly growing demand for air transport in these regions, will drive a regional jet market for the next two decades, according to ARC.

Slansky noted that, today, most MRO providers are focused on ways to reduce aircraft, engine and component turnaround times: "This effort across the industry is imperative as operators/carriers attempt to eke out better fleet asset utilization. Next to fuel, the largest operating cost to the carriers is maintaining their fleets."

Read Full Article