The capacity to accomplish quicker turnaround times (tat), customer satisfaction, service level compliance, on-time delivery, and management of other complicated business agreements distinguishes leaders from the pack in the fiercely competitive MRO sector. MROs, on the other hand, suffer a variety of difficulties, including manual work scheduling, inaccurate work estimates, a lack of resource visibility, inventory leakage, and disjointed legacy systems. A one-stop MRO solution that supports paperless operations, handles complicated contracts, and is simple to use is urgently needed. The value of the digital MRO sector is anticipated to increase up to three times. The primary driver of this rise is the growing digitalization of MRO, which aims to boost productivity and cut down on aircraft downtime. In order to manage, monitor, and enhance all MRO-related activities, such as aircraft maintenance, repair, and overhaul, MRO aviation companies will need to make use of cutting-edge technology like artificial intelligence.
Major factors driving the growth of the Market
The investment for Defense MRO is expected to increase in the short to medium term. Visiongain expects the growth of military aircraft maintenance, repair and overhaul to be projected to grow in short to medium term. Over 50 percent of airlines anticipate there will be increase in investments in the next few years. The MRO activity rising with the shifting from developed to developing owing to the availability of cheap and skilled labour. To cut down the expense, sophisticated material management solutions, improve operations a robust MRO is needed. The service providers of MRO are expanding their geographical area reach in order to become more global & regional service providers.
Trends influencing the growth of the market
Massive volumes of information are produced by modern aircrafts. On every flight, MROs have access to gigabytes of data from countless sources. Advanced data analytics come into play in this situation. Using big data and linked aeronautical technology, maintenance operations have significantly improved. There are interfaces for monitoring crucial aircraft systems, such as the fuel and hydraulic systems, the engine, gearbox, and positions of the flight controls.
Increasing need for efficient MRO operations will continue to drive the market. Predictive maintenance with the help of AI will be one of the primary driving force for the aircraft health monitoring systems market. It is feasible to compile even more data as aircraft technology advances. This then translates into the potential to derive more potent analytics, the ultimate goal is to gain a deeper understanding of the aircraft, anticipate activities like maintenance, and add genuine value to operations. The ageing aircraft fleet and sustainment programs present great opportunity for MRO services.
A component repair framework agreement between Boeing Defence Australia (BDA) and RUAG Australia (RUAG) has been struck, enhancing Australia’s capabilities to maintain, repair, and overhaul (MRO) sovereign aircraft. RUAG will carry out enhanced intermediate-level repairs on a minimum of three components for F/A-18F and EA-18G Growler aircraft under the terms of the contract with BDA’s Air Combat Electronic Attack Sustainment (ACEAS) programme, with an option to expand that number. Through the US Navy’s Foreign Military Sale programme, the components, which include the main and nose wheel hubs and a part of the environmental control system, are presently being fixed in the US.
With TurbineAero, Boeing has a multi-year maintenance, repair, and overhaul (MRO) services contract for auxiliary power units (APUs). The C-17 Globemaster III programme is intended to be supported by the contract. As agreed, TurbineAero will supply the GTCP331-250G APU with MRO services for APUs and line replaceable units (LRUs), engineering development, supply chain, logistics, line maintenance training, and obsolescence tracking. Boeing will see lower overall costs according to TurbineAero’s SMaRT-Workscoping maintenance strategy thanks to a more analytical and modular-based maintenance approach. For the 331-250G APU, TurbineAero now provides obsolescence support, which covers 38 parts for which there is no original equipment manufacturer replacement on the market today. Additionally, the business offers over 240 FAA-certified alternative components and over 330 US Federal Aviation Administration (FAA) approved part repairs.
Three P-8I long-range maritime patrol and anti-submarine warfare aircraft operated concurrently by the Indian Navy (IN) are currently undergoing extensive maintenance tests by Boeing and Air Works at Air Works, Hosur. Additionally, on May 10, 2022, in New Delhi, at the Boeing India Aatmanirbharta in Defence Conference, which will also feature leaders from the Indian Navy, Air Works Group, and other significant supplier partners, Boeing India and Air Works will celebrate their partnership.