TechSci Press Release

Stringent airworthiness norms and policies along with surging requirement for proper maintenance to drive the growth of India aviation MRO market. According to TechSci Research report,  “ India  Aviation MRO Market  By Industry (Passenger Aviation, Military Aviation, Cargo Aviation), By Component (Engine, Airframe, Line, Avionics, Modifications, Others), By Aircraft Type (Narrow Body, Wide Body, Regional Jet, Others), By End User (OEM, Aircraft Operator, Others), By Region, Forecast & Opportunities, 2025 ” , the India aviation MRO market is expected to grow at an impressive rate during the forecast period on account of growing need to maintain and renovate aircrafts in order to optimize their performance. Additionally, increasing initiatives by the government in terms of implementation of strict norms and policies pertaining to aircraft maintenance is expected to positively influence the market growth. Furthermore, increase in technological innovations is expected to ...

Increasing technological advancements across the defense industry  to drive India defense equipment market. According to TechSci Research report,  “ India Defense Equipment Market  By Armed Forces (Air Force, Army, Navy), By Region, Forecast & Opportunities, 2025 ” , the India defense equipment market is expected to grow at an impressive rate during the forecast period on account of the increasing security concerns and increasing expenditure by the government on R&D activities in defense sector. Additionally, increasing terrorist activities, infiltration, among others has increased the need for border security, maritime security, police force modernization, among others. This in turn is expected to create lucrative opportunities for the market growth through 2025. Furthermore, growing investment by the country on UAVs, submarines, multirole aircraft, frigates, destroyers, corvettes, weapons & ammunition is expected to fuel the market growth over the next few y...

Stringent airworthiness norms and policies to drive global aviation MRO market. According to TechSci Research report,  “ Global  Aviation MRO Market  By Industry, By Component, By Aircraft Type, By End User, By Region, Competition, Forecast & Opportunities, 2025 ” , the global aviation MRO market is projected to reach $ 113 billion by 2025. Growing need to address wear and tear of aircraft components  is one of the major factors boosting the growth of  global aviation MRO market. Moreover, surging demand for low-cost carriers is expected to bode well for the growth of global aviation MRO market during the forecast period. In addition to this, digitalization of aircraft MRO services and supportive government initiatives are positively influencing the global aviation MRO market. Rising number of accidents caused due to carelessness in maintenance activities, is leading to authorities tightening the norms for timely maintenance and repair works, which in turn i...

Shifting trend towards electric actuator, rising demand for commercial aircraft and high demand for automation in aviation industry to drive global aviation actuator system market through 2024 According to TechSci Research report,  “ Global Aviation Actuator System Market  By Product, By Aircraft Type, By Application, By End-User, By Region, Competition, Forecast & Opportunities, 2024” , global aviation actuator system market is projected to reach $ 1.12 billion by 2024, owing to increasing inclination towards electric actuators, on the back of stringent government regulations about pollution. Factors such as growing urbanization and rapid development of emerging economies are positively impacting global aviation actuator system market.  Triumph Group , United Technologies Corporation, Honeywell International Inc and Parker Hannifin Corporation are some of the leading players operating in global aviation actuator system market. Browse  XX  market data Figure...

Increasing fleet size of airlines   and growing demand for lightweight parts & components in aerospace industry to drive global aerospace 3D printing market through 2024. According to TechSci Research report,  “ Global  Aerospace 3D Printing Market  By Vertical, By Industry, By Printer Technology, By Material Application, By Region, Competition, Forecast & Opportunities, 2024 ” , global aerospace 3D printing market is expected to witness growth at a CAGR of over 15% during 2019-2024, as aircraft manufacturers are opting for 3D printing technology to manufacture aircraft components and parts. 3D printing technology is gaining traction in various verticals including aerospace as manufactured parts can be made with little wastage and reduced time. Moreover, accuracy and reduction of errors while manufacturing of parts is further positively influencing the growth of global aerospace 3D printing market .  3D Printing technology is gaining traction across the...

Growing aviation industry and rapid commercialization to drive global inflight catering services market through 2024. According to TechSci Research report,  “ Global  Inflight Catering Services Market  By Type, By Aircraft Seating Class, By Food Type, By Region, Competition, Forecast & Opportunities, 2024 ”,  global inflight catering services market is projected to cross $ 24 billion by 2024 on account of increasing airline passenger traffic, which is further resulting in growing demand for airline food. Furthermore, increasing popularity of gourmet food catering as a competitive strategy for service differentiation among airline companies is also positively impacting the market. In terms of region, inflight catering services market is categorized into Asia-Pacific, Europe, North America, South America and Middle East & Africa. Asia-Pacific was the largest market for inflight catering services in 2018 and is anticipated to dominate the market during fore...