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The military helicopter MRO market share is expected to increase to USD 1.61 billion from 2021 to 2026, at a CAGR of 3.39%.
This military helicopter MRO market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers military helicopter MRO market segmentation by type (field maintenance, component depot maintenance, airframe depot maintenance, and engine depot maintenance) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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The military helicopter MRO market report also offers information on several market vendors, including Airbus SE, AAR Corp., ARISTA AVIATION, CHC Group LLC, General Electric Co., GLOBALSTAR AEROSPACE LLC, Hindustan Aeronautics Ltd., Leonardo Spa, Lockheed Martin Corp., MTU Aero Engines AG, NHV Group, Raytheon Technologies Corp., Rostec State Corp., RUAG International Holding Ltd., Safran SA, Sika Interplant Systems Ltd., TAIGLOBAL Group, and Textron Inc. among others.
The introduction of new and modernized helicopters is notably driving the military helicopter MRO market growth, although factors such as barriers to adoption of new technology and equipment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the military helicopter MRO industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Military Helicopter MRO Market Driver
One of the key factors driving the global military helicopter maintenance, repair, and overhaul (MRO) market growth is the introduction of new and modernized helicopters. For instance, in 2021, the Leonardo AW139 intermediate twin-engine helicopter became the new Presidential Transport helicopter in the Republic of Colombia. The supply of this helicopter will make the Colombian Air Force the first military customer of the type in the region and will expand the existing AW139 fleet in Colombia during the forecast period. Boeing delivered the final five of the 22 Apache attack helicopters to the Indian Air Force in June 2020. In addition, in September 2020, the Polish government planned to acquire new helicopters for the Polish Air Force. The aircraft is expected to replace Poland's Soviet-designed Mil Mi-24 helos, which, in turn, will drive the growth of the global military helicopter MRO market in the region during the forecast period.
Key Military Helicopter MRO Market Challenge
One of the key challenges to the global military helicopter maintenance, repair, and overhaul market growth is the barriers to the adoption of new technology and equipment. The advancement rate is high in missile technology, rocket-propelled grenades, advanced improvised explosive devices, smart munitions, advanced electronic warfare, and other systems that are installed in a military helicopter. Several other challenges that come with the introduction of new technology are the prohibitive cost, technology risk driven by certification requirements, and required expertise. Technologically advanced equipment also goes through rigorous testing and evaluation processes prior to certification. In addition, innovations require substantial backing and support from prominent manufacturers and MRO service providers in the defense market. Major players in the industry require a business incentive to support such innovations. Such factors can hamper the market growth during the forecast period.
Key Military Helicopter MRO Market Trend
Innovation in energy-efficient flight control system (FCS) simulation is one of the key military helicopter MRO market trends that is expected to impact the industry positively in the forecast period. Most of the rotor-winged aircraft used across the globe employ the horizontal tail multi-hypothesis technique (MHT) to reduce stress on the helicopter FCS, which, in turn, translates into lesser energy consumption. To avoid using this complex strategy, a team of researchers from the Erciyes University, Turkey, designed an MHT, simultaneously with FCS with the help of a variance-constrained control strategy called output variance constrained (OVC) control. The team used a stochastic optimization method named simultaneous perturbation stochastic approximation (SPSA) to optimize the helicopter FCS requirements and MHT dimensions. This also enabled cost-effective simulation and modeling. Adoption of such systems will further support the market growth in the coming years.
This military helicopter MRO market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global military helicopter MRO market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the military helicopter MRO market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the military helicopter MRO market encompasses successful business strategies deployed by the key vendors. The military helicopter MRO market is fragmented and the vendors are deploying growth strategies such as M&A activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The military helicopter MRO market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the military helicopter MRO market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from North America during the forecast period. US is the key market for military helicopter MRO in North America. However, market growth in this region will be slower than the growth of the market in other regions.
The robust aviation base, particularly in countries such as the US, will facilitate the military helicopter MRO market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely impacted several countries in the region. Countries such as the US, Canada, and Mexico were severely affected by the pandemic. However, in Q4 2020 and H1 2021, the initiation of large-scale COVID-19 vaccination drives led to the resumption of manufacturing operations in the region. Thus, the regional military helicopter MRO market is expected to grow during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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