The aerospace MRO market for composite components is a developing market primarily driven by increasing acceptance of composites in airframes, especially in primary aero-structures such as fuselage, wing structure, and empennage.
The increasing fleet of newly acquired aircraft across the globe and greater penetration of composites in aircraft such as the Airbus A350, Airbus A380, and Boeing B787 would further aid the market and the aerospace MRO market for composite components is expected to reach $3,041 million by 2016.
“Global Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis”
.Lucintel, a leading global management consulting and market research firm with over thousands of clients worldwide, has analyzed the global aerospace MRO market and has now published a comprehensive research report entitled “Global Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis”.
The MRO sector in the aerospace market is highly technology driven, with both in-house and increasingly outsourced services. It is characterized by materials and components, supported by a highly skilled labor force that performs MRO activities with rapid turnaround times.
According to the study, opportunities for composites in aerospace MRO can be visualized in three segments such as primary aerostructures, secondary aerostructures and engine components. The use of these materials is continuously increasing in aerostructures as well as other components, supporting future growth and enhanced opportunities in the MRO Market for composites. The Asia-Pacific region is expected to experience significant growth momentum for composites in the global aerospace MRO market. Furthermore, escalating competition in the industry will drive airlines, especially the low-cost carriers (LCC), to depend heavily on third-party MRO service providers in order to efficiently reduce their overall costs.
Lucintel’s research report analyzes the global aerospace MRO industry, detailing its background and characteristics and market trends (2005-2010). The report also puts forth a six year market forecast (2011-2016), addressing factors that will shape this growing sector. The need for MRO services for aircraft composite components is discussed and growth opportunities in this market are identified.
Source: http://www.lucintel.com/