MarketAccording to Vantage Market Research, the global {military helicopter MRO market} is projected to grow at a CAGR of 2.8% by 2028. To ensure the continuation of the airworthiness of aircrafts these aircraft MROs are performed. MRO not only provides overhaul, but it also performs replacement, inspection, rectification, modification in compliance with the airworthiness repair and directives.
Technological advancements and new innovations to spur the market growth for military helicopter MRO market
The growing advancements in technology and the use of artificial intelligence solutions are driving the market growth. Moreover, there is a consistent rise in the internal and external security threats, this will increase the demand for military helicopter MRO. Furthermore, innovations and a growing military aircraft fleet is expected to grow the target market in the coming years.
COVID-19 pandemic impacted many countries and caused disruptions in many industries. People are now more concerned about their safety and are avoiding physical contact and are preferring to stay home and opt to work from home this has drastically impacted public mobility. Also, due to strict government restrictions, mobility has reduced as the use of public transport in cities was shut 10;Hence, the supply chain and other operations were disrupted due to these restrictions. Therefore, the COVID-19 pandemic negatively impacted the military helicopter MRO market.
The military helicopter MRO market is segmented on the basis of product type the market is bifurcated into component depot maintenance, field maintenance, airframe depot maintenance, and engine depot maintenance. Also, the market segmentation for military helicopter MRO can be done on basis of end-user or applications. Hence, by end-user is bifurcated into aftermarket and OEM.
North America region is expected to grow at a high rate over the coming years and is the dominating region. This is attributable due to the rise in research and development activities. Moreover, the up-gradation of new technologies and systems has contributed to the military helicopter MRO market growth.
Some of the major players operating in the global military helicopter MRO market include Airbus, Lockheed Martin (Sikorsky Aircraft), Leonardo, Russian Helicopters, RUAG Group, StandardAero, and CHC Helicopter, among others.