As per the report "Aircraft MRO Market By Type ( Airframe, Engine, Component, Line ), By Application ( Air transport, BGA ), Estimation & Forecast, 2017 - 2022". In 2016, the engine segment generated the highest revenue share in the global aircraft MRO market. Among major regions, Asia-Pacific was the highest revenue generating market, holding nearly 35% of the market share, in 2016.
“A surging trend of OEM partnerships is widely being accepted in the engine maintenance segment. Key market players are indulging into partnerships with contractors, local market players, or even military depots, in order to surpass the market fluctuations and hurdles. Moreover, the significantly slow growth in engine MRO compared with that of the global engine fleet has led to the advent of new technology.”
Business and General Aviation (BGA) segment expected to show an impressive growth rate during the forecast period, owing to the increase in number of air passengers
The surge in the number of air passengers, all around the globe, is the major determinant driving the growth of this segment. In 2016, the global air transports carried approximately 3.69 billion passengers, as per the data revealed by The World Bank. In terms of region, the Bureau of Transportation Statistics revealed that in 2016 the U.S. airlines carried the highest number of passengers, leaving behind the statistics of 2015. The U.S. airlines carried a total of 823.0 million passengers, out of which 719.0 million were domestic and rest 103.9 million were international passengers.
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“A surging trend of OEM partnerships is widely being accepted in the engine maintenance segment. Key market players are indulging into partnerships with contractors, local market players, or even military depots, in order to surpass the market fluctuations and hurdles. Moreover, the significantly slow growth in engine MRO compared with that of the global engine fleet has led to the advent of new technology.”
Business and General Aviation (BGA) segment expected to show an impressive growth rate during the forecast period, owing to the increase in number of air passengers
The surge in the number of air passengers, all around the globe, is the major determinant driving the growth of this segment. In 2016, the global air transports carried approximately 3.69 billion passengers, as per the data revealed by The World Bank. In terms of region, the Bureau of Transportation Statistics revealed that in 2016 the U.S. airlines carried the highest number of passengers, leaving behind the statistics of 2015. The U.S. airlines carried a total of 823.0 million passengers, out of which 719.0 million were domestic and rest 103.9 million were international passengers.
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