Technology News & Trends

The global  air transport MRO market  is projected to grow at a rapid pace in the coming years, according to Transparency Market Research (TMR). An emerging industry, the vendors in the global air transport MRO market are expected to engage in various organic as well as inorganic growth strategies in order to gain momentum. Market players are seen focusing on establishing partnerships with original equipment manufacturers (OEMs) in order to up their game. Further, the launch of novel products is another leading schemed leveraged by vendors in the global air transport MRO market. This is expected to help vendors gain more shares in terms of the market revenue in the forthcoming years. Further, research and development towards offering enhanced and advanced services in order to cater the latest next-generation aircrafts offers lucrative opportunity to vendors. Other than this, mergers and acquisition is the most sought-after strategy used by vendors in the global air trans...

The global air transport maintenance repairs, and operations (MRO) market is projected to experience high technological innovation used by companies to gain higher competitive edge in the market. The market is expected to increase at a moderate growth rate during the forecast period from 2017 to 2026, according to the Transparency Market Research (TMR). The players in the market are looking forward for mergers and acquisitions with other players in the market to strengthen their position in air transport MRO market. Some of the key players in the market includes Air France-KLM SA, China National Aviation Holding Company, John Swire & Sons HK Ltd, Delta Air Lines, Inc., AAR Corporation, General Electric Company, Deutsche Lufthansa Aktiengesellschaft, British Airways PLC, and MTU Aero Engines AG. According to the report, the global air transport MRO market is expected to generate a revenue up to US$ 101.94 bn by the end of forecast period. The market is projected to rise at a ...