INFOGRAPHIC: Global aircraft MRO market
Maintenance, Repair and Overhaul (MRO) is commonly defined as “all actions that have the objective of retaining or restoring an item in or to a state in which it can perform its required function. The actions include the combination of all technical and corresponding administrative actions.”
The global aviation market encompasses an estimated 80,000 aircraft around the world. The aircraft Maintenance, Overhaul and Repair (MRO) market has grown out of a trend in which airlines performed third party contract repairs. When taking into consideration the sheer amount of aircraft in service today, the MRO market has developed into an enormous market. While most sectors have been affected by shifts in the global economy, the MRO market has seen a rebound since 2009. The Infographic below highlights both the present state and future perspectives of the global MRO spending.
Link to original infographic: http://mb.cision.com/Public/11431/9698641/8c9dec3ea16e64bd_org.png