TechSci Press Release

  Global aviation MRO market   is forecast to grow at a CAGR of around 10% in the coming years to surpass $ 113 billion by 2025. The global aviation MRO market is driven by growing need to maintain and renovate in-service and aging aircraft in order to optimize their performance. Moreover, initiatives by the governments in terms of implementation of strict norms and policies is positively impacting the market across the globe. Also, increasing technological innovations and digitalization in aviation MRO is further expected to bolster the growth of market over the next few years. The global aviation MRO market is segmented based on industry, component, aircraft type, end user, and region. Based on   aircraft type, the market can be categorized into narrow body, wide body, regional jet and others. Out of these segments, the narrow body aircraft segment dominated the market in 2019 and the segment is expected to maintain its leading position the market during the foreca...

India aviation MRO market   is expected to grow at a formidable CAGR during the forecast period. The India aviation MRO market is driven by growing need to address wear and tear of aircraft components. In addition to this, digitalization of aircraft MRO services is anticipated to positively influence the growth of India aviation MRO market in the years to come. Also, numerous accidents related to aviation are caused because of carelessness in maintenance activities, therefore the authorities have tightened the norms for timely maintenance and repair works, which in turn is expected to bolster the market growth in the coming years. The India aviation MRO market is segmented based on industry, component, aircraft type, end user, company and region. Considering the component, the market is fragmented into engine, airframe, line, avionics, modifications, and others. Among these, the engine segment dominated the global aviation MRO market in terms of largest market share until 2019...

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 ...

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...