Albany, NY -- (SBWIRE) -- 08/20/2018 -- Spending on the maintenance, repair and overhaul of military aircraft throughout the world, is increasing day by day. Recently, a detailed forecast showing projected trends in military aviation MRO has been broadcasted to the wide database of Market Research Hub (MRH), with the title of "The Global Military Aviation MRO Market 2018-2028". This precise study covers various aspects such as drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. For a clear understanding, the report provides data on market size and forecast to 2028 for major countries in their respective regions.
Key Highlights from the Study
Initially, the research provides information related to the market development in the past few years and future growth prospects. The market consists of five segments: Multi-role Aircraft MRO, Transport Aircraft MRO, Multi-mission Helicopter MRO, UAV MRO and Transport Helicopter MRO. For each segment, the report provides information on market trends, share, size and CAGR during the forecast period of 2018-2028. In terms of geography, the research throws lights on major regions including Asia-Pacific, Middle East, Europe, Africa, and Latin America. During the forecast period, the research believes that North America region is projected to account for a share of 72.6%.
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It has been examined that the military aviation MRO market is estimated to value US$22.9 billion in 2018, and is projected to grow at a CAGR of 2.60% to value US$29.6 billion by 2028 and cumulatively value US$268.5 billion. The expenditure on military Aviation MRO sector is expected to be driven by factors such as internal and external security threats, aging military fleet globally, territorial disputes, and modernization initiatives undertaken by the Armed Forces across the globe.
By above information, the report aims to offer crucial information about the market scope. This is helpful for the established as well as new entrant in the market. The readers will also gain an in-depth understanding of the underlying factors driving demand for different military aviation MRO segments in the top spending countries across the world and identify the opportunities offered by each of them. As per the research findings, the market is expected to be dominated by the Multi-role Aircraft MRO segment, which is estimated to gain 58.6% of the market share, followed by Transport Aircraft MRO and Multi-mission Helicopter MRO with shares of 24.3% and 10.4% respectively.
The final section of the report deals with the competitive landscape which offers detailed profiles of the top military aviation MRO solution providers around the world. The detailed profile includes information about their products, alliances, recent contract wins and financial analysis.
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