Textron Aviation Inc, Safran SA, MTU Aero Engines AG, Honeywell International Inc. and GKN Aerospace Services Limited–Prominent Market Participants in US General Aviation Aircraft MRO Market

The maintenance, repair, and overhaul (MRO) is a complex process in the aviation industry. Airlines spend billions of dollars annually to meet MRO specifications, which account for a significant portion of their overall operating costs. The US general aviation aircraft MRO market is expected to be driven by a rise in air passenger traffic, the need to improve operability and performance, and the requirement for disassembling, replacing, testing, and repairing the various components of the aircraft. Also, owing to the rising number of people interested in sightseeing and skydiving, the demand for those flights is further increasing in the country. Thus, as these airlines are experiencing a significantly higher density of air traveling passengers, the flying hours of each aircraft are increasing, leading to an increase in the frequency of aircraft maintenance. Furthermore, the presence of numerous independent MRO service providers in the country has enabled the airlines to opt for frequent A-checks, B-checks, and C-checks. In addition, the US is home to several aircraft manufacturers, providing various general aviation aircraft. According to the Aircraft Owners and Pilots Association, in 2019, out of around 220,000 civil aircraft registered in the US 90% of them were general aviation aircraft. Thus, having such a large fleet of the general aviation aircraft will further boost the growth of general aviation aircraft MRO market in US.

Report: https://www.theinsightpartners.....com/reports/us-gene