Aircraft MRO Market

REQUIREMENT:
The client required a comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the global Aircraft MRO market.
BACKGROUND OF STUDY:
Air travel in emerging countries is growing, thus increasing the demand for aircraft MRO services. Many new MRO service centers have been setup in numerous countries in the recent years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft MRO. Moreover, the growing international trade between countries, have increased frequencies of cargo planes. Thus, it is essential to conduct timely checks or repairs of airplanes to ensure efficient performance and safe air travel.
The market is driven by various factors such as increased focus of OEMs on aircraft MRO service and rapid aircraft fleet expansion. Also, the increased need for proper maintenance of engines & components, is driving the growth of the aircraft MRO market.
SOLUTION DELIVERED:
The finalized scope of research study included the following deliverables:

• Market demand study for Aircraft MRO market
• Aircraft MRO Market Competition, By Manufacturers
• Global Aircraft MRO Production, Revenue by Regions
• Aircraft MRO Production, Revenue, Price Trend by MRO Types
• Market Analysis by Aircraft Type
• Analysis for Aircraft Type
• Analysis for Region
• Regional Demand estimation & Analysis

Industry analysis
Manufacturing Cost Analysis
Marketing Strategy Analysis
Competition Analysis and Profiling of key market players
APPROACH:
The client approached us for conducting a study on Global Aircraft MRO market in January 2017. The project was soon taken up for the execution. The client required an in-depth study of the production, consumption, import and export analysis for market segments and sub-segments with respect to regional markets and their countries; strategic profiling of key players in the market. Moreover, client was interested to know the competitive scenario in the market to devise its entry strategies.
Based on the client’s requirement MRFR (Market Research Future) research team proposed a scope that covered all these requirements. Further, the research team suggested a granular study covering Global Aircraft MRO Market analysis based on type, end user and regional market share. This would provide the client with a strong understanding of the regional market share analysis for Global Market, which shall help them develop their own access strategy into the market.

Client Needs

Key Data Points for Informed Decision-Making

Analysis of Regulatory Landscape

The Health Sciences Authority (HSA) is the primary regulatory authority responsible for overseeing pharmaceuticals, medical devices, and clinical trials in Singapore. HSA sets and enforces regulations to ensure the safety, efficacy, and quality of healthcare products and services.

CROs conducting clinical trials in Singapore must adhere to the Clinical Trial Regulations. These regulations are in alignment with international standards, emphasizing ethical conduct, patient safety, and data integrity. Approval from HSA is required before initiating clinical trials in Singapore.

ASIA CRO MARKET, BY service type, 2019–2032 (USD MILLION)

SingHealth (Singapore) and A*STAR (Singapore) have announced a Healthcare Translation Partnership (HTP) to accelerate the translation, deployment, and commercialization of healthcare research and innovation projects for better patient care. The collaboration, which will provide USD 8 million in project funding, focuses on three areas of healthcare innovation: (i) medical technology, (ii) data science, Artificial Intelligence (AI), and digital health, and (iii) health services innovation.