Maintenance, overhaul, and repair services (MRO), also recognized as maintenance, repair & operations services providing life cycle repairs which may be periodic or the service schedules as per the preventative maintenance including removal of damaged equipment repair, retrofit, or rebuild. Majority of the MRO services are for aviation and aerospace sector, the products or the equipment with high cost and the significant life cycles maintenance. The military vehicles and systems, marine vessels and facilities, mass transit vehicles, electric power generation, and large manufacturing equipment require a scheduled MRO services. MRO services are aimed in providing the consulting & software support services comprising of companies that wish to optimize the supply chain operations. The sales of defense equipment maintenance, repair and overhauling services and related goods by entities are required for providing the MRO services for all air, sea and land-based defense equipment. The list includes fighter aircraft, missiles, military helicopter, battle ships, submarines, armored vehicles and other rocket launchers.
According to study “Defense Equipment Maintenance, Repair and Overhauling Services Global Market Report 2019” Some of the key companies operating in the market are BAE Systems, Lockheed Martin, General Dynamics Corp, Oshkosh, Rheinmetall.
The global defense equipment maintenance, repair and overhauling services market is segmented based on type and geography. Based on market is analyzed for air-based defense equipment MRO services, water-based defense equipment MRO services and land-based defense equipment MRO Services. The air-based defense equipment MRO services market accounts for the significant share in the market. Nowadays the aircraft Original equipment manufacturers (OEMs) are focusing to adopt new business models which allow key suppliers as system integrators for majority of manufacturing parts as well as aftermarket services. The emerging economies are now witnessing substantial increase in number of MRO suppliers, owing to low labor costs and joint ventures between system suppliers and aircraft manufacturers. The rise in shift towards the use of advanced materials such as composites for aircraft parts manufacturing are expected to change previously designed maintenance techniques. Moreover, the adoption of new technology based techniques such as data analytics, predictive maintenance have introduced new sets of maintenance requirements, thus inspiring the industry participants to adopt new strategies & skills. The use of airframe maintenance is expected to register significant rise, owing to the expanding number of aging aircrafts. However, growing use of the advanced materials & techniques including the high performance by use of alloys and composites for production of airframe providing superior impact resistance and reducing the necessity of frequent maintenance need.
Based on geography the global defense equipment maintenance, repair and overhauling services is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. The Asia Pacific region holds the highest share over the global defense equipment maintenance, repair and overhauling services market. The emerging economies in Asia Pacific and Middle East are further expected to register significant growth owing rise in MRO services for aircraft and military equipment. However, the developed regions such as Europe and North America are expected register steady growth on an account of uncertain rate.
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Global Defense Equipment Maintenance, Repair and Overhauling Services Market
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