Title: Aerospace and Defense MRO Market Revenue Growth and Quantitative Analysis Till 2030 - PowerPoint PPT Presentation

Description: According to the Market Statsville Group (MSG), the global aerospace and defense MRO market size is expected to grow from USD 131.4 billion in 2021 to USD 205.9 billion by 2030, at a CAGR of 5.1% from 2022 to 2030. Aerospace is building up their maintenance, repair, & overhaul (MRO) facilities to increase fleet availability and also for regular maintenance checks in the airline. Third-party MROs collaborate with original equipment manufacturer OEMs to get expertise in advanced aircraft MRO procedures and technologies. Services like component replacement, retrofitting, and maintenance activities related to aircraft design are part of this market. Numerous local and international players with a strong financial base in the market result in a highly fragmented market. OEMs and MROs increasingly incorporate advanced engineering techniques such as AI, real-time health monitoring, IoT, and predictive maintenance to minimize cost and expand the end-user experience. – PowerPoint PPT presentation