Infinium Global Research Aircraft Maintenance, Repair and Overhaul Market | Page 3

Aircraft Maintenance, Repair and Overhaul: Global Industry Analysis, Trends, Market Size
and Forecasts up to 2024
Introduction
Report Description
The report on global aircraft maintenance, repair and overhaul market is an in services
analysis of the segments and sub-segments in the aircraft maintenance, repair and overhaul
market. The report provides analysis for the global as well as regional markets over the
period of 2016 to 2024. According to report the global aircraft maintenance, repair and
Overhaulmarketis expected to grow at a CAGR of 3.8% over the forecast period of 2018 -
2024.
Commercial aircraft maintenance, repair and overhaul (MRO) is an essential requirement to
ensure that aircraft are maintained in pre-determined conditions of airworthiness to safely
transport passengers and cargo. Time between overhaul is the manufacturer's
recommended number of running hours or calendar time before an aircraft engine or other
component requires overhaul.The maintenance of aircraft is highly regulated, in order to
ensure safe and correct functioning during flight.The maintenance tasks, personnel and
inspections are all tightly regulated and staff must be licensed for the tasks they carry
out.Aircraft maintenance is highly regulated, because the smallest slip can lead to an
aircraft crashing with consequent loss of life.
This report estimates the market size of aircraft maintenance, repair and overhaul market
in terms of value (USD million) over the period of 2016 to 2024.The year 2016 is considered
to be a base year, and 2018 to 2024 is considered to be a forecast period. This market
research study provides detailed qualitative and quantitative analysis of the global aircraft
maintenance, repair and overhaul market. Additionally, the report provides a
comprehensive review of the major market drivers, restraints, opportunities in the global as
well as regional markets of aircraft maintenance, repair and overhaul market. The market
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