Global Aerospace MRO Market Forecast (2013-2023) Global MRO Market | Page 34

Executive Summary
Market
Drivers & Challenges
Global Aerospace MRO market by value
is expected to grow at a CAGR of
• Drivers
MRO
service
will
augment
on
the
 Drones as maintenance tools.
 Robust economic growth.
 Rising
5.89% during 2018-2023. Demand of
Trends
demand
of
 Big data revolution.
Commercial
and
Military aircraft.
 Increasing Digitalization.
expectation of boost in the number of
aircrafts owing to increasing number of
 Challenges
 Development
passengers.
of developing
new
technology
aircrafts.
Additionally, recovery in the economic
growth
of
countries
 Emergence of new players in the market.
will
propel the demand of MRO market.
Competitive Landscape
ST Engineering, HAECO, AAR, Lufthansa Technik, Evergreen Aviation Technologies, GE Aviation,
Bombardier Inc., MTU Aero Engine, AFI KLM E&M, United Technologies Corporation.
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