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The research report, entitled Global Military Helicopter MRO Market 2016-2020, provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up-to-date analysis and forecast for various market segments and all geographical regions.
The market for field maintenance is expected to reach $5.9bn by 2020, growing at a CAGR of over 3 percent.
“The field MRO market is highly influenced by the increasing orders of military helicopters from developing regions,” says Abhay Singh, lead analyst at Technavio for defense research. “For instance, South Korea awarded a contract to Airbus Helicopters and Korean Aerospace Industries to develop next generation light-armed helicopter and light civil helicopter in 2015.”
Moreover, the defense budget cuts in the U.S. have compelled the country's military to focus on improving its helicopters. For instance, the U.S. Army awarded a contract to DynCorp International in 2015 worth $388.5m to provide field maintenance on rotary wing aircraft. Such developments are expected to boost the market.
The market for airframe maintenance is expected to exceed $2bn by 2020, growing at a CAGR of over 2 percent. The increase in the fleet of helicopters is one of the factors leading to the growth of the market. The airframe of a helicopter is another structure that requires maintenance as per specific procedures.
The market for component maintenance is expected to reach $2bn by 2020, growing at a CAGR of over 3 percent. Component MRO includes maintenance of fuel systems, hydraulics, mechanical, electrical, pneumatics, and landing gear division. These are vital components of helicopters and should be maintained according to the standards prescribed by FAA and EASA.
Reduced funding for military helicopter procurement will positively affect growth in the component MRO market because the military will focus on the maintenance and upkeep of existing machinery.
The market for engine maintenance to exceed $1.6bn by 2020, at a CAGR of over 3 percent. The engine requires periodic maintenance to improve fuel efficiency and to avoid unscheduled maintenance. This has resulted in numerous military forces across the world to outsource their engine MRO to gain competitive advantage.
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