Global Civil Helicopter MRO Market to Be Worth US$6,784M in 2014
- Says the new Study on ASDReports
New research now available on ASDReports, has revealed that the global civil helicopter maintenance, repair and overhaul (MRO) market will reach US$6,784m in 2014. This will be driven by the wider civil helicopter market and the necessity to perform scheduled maintenance and unscheduled maintenance on airframes to meet essential regulations that ensure the safety of flight operations, passengers and crews, as well as maintain aircraft in a state of airworthiness.
The report forecasts indicate that the civil helicopter MRO market will continue to record positive growth in the next decade. North America and Europe hold the two largest shares of the civil helicopter MRO market, supported by a large rotorcraft fleet in each respective region and the range of applications that helicopters are deployed in. The Latin American market has experienced a recent surge in demand for civil helicopters resulting in a significant number of leading original equipment manufacturers establishing an operational presence in the region with service and maintenance centres and facilities. Elsewhere, the Asia-Pacific region is highlighted as a strategic area for potentially strong growth in the near future. Moreover, civil helicopter MRO activities will be driven by scheduled and unscheduled maintenance on existing helicopter fleets for safety and operational efficiency reasons.
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Aviation analyst Christopher commented that, “MRO is a fundamental aspect of civil helicopter operations to ensure that helicopters are inspected, repaired and maintained in conditions of airworthiness to ensure safety regulations are met and operational readiness. MRO consists of a variety of services ranging from regular line maintenance to heavy maintenance, which involves disassembly of airframes and engines for component inspection and repair as well as testing prior to being returned to service”.
The 246 page report contains 183 tables, charts and graphs that explain developing trends in the civil helicopter MRO market. The report provides forecasts for the period 2014-2024, detailing the value (US$) of the global civil helicopter MRO market, 5 leading regional civil helicopter MRO markets, which are broken down further into 4 submarkets (airframe and modification, engine maintenance and overhaul, component maintenance and overhaul, and line maintenance). In addition, there are 12 company profiles of some of the leading companies that deliver MRO services for civil helicopters. Also included is an exclusive interview with RUAG Aviation, which provides expert insight underpinning analysis.
The Civil Helicopter Maintenance, Repair and Overhaul (MRO) Market Forecast 2014-2024 report will be of value to current and future potential investors in the civil helicopter MRO industry or wider civil helicopter sector. Companies and operators with an interest in civil helicopters, maintenance, repair and overhaul or looking to broaden their knowledge of this paradigm will also find this report of value.
Source : ASDReports - Market Research - view original press release