Aircraft
parts manufacturing, repair & maintenance industry includes establishments
involved in the developing prototypes and manufacturing aircraft engine and
engine parts, other aircraft parts, auxiliary equipment, modifications or
conversions and complete overhauling and rebuilding of aircraft.
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The global aircraft parts manufacturing,
repair & maintenance industry has shown moderate growth in the past
years with a CAGR of over 3%. The year 2017 recorded highest ever market value
in this industry as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the aircraft
parts manufacturing, repair & maintenance industry to grow at double
the CAGR by 2021 as compared to 2017, along with geographies best suited for
investments with highest return rate.
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report at
The global aircraft parts
manufacturing, repair & maintenance market grew at a compound annual growth
rate (CAGR) of 6.5%. This can be attributed to the expected increase in
economic activity and increasing demand for air travel, particularly in
developing countries. Technological advancements such as machine learning and
analytics and smart automation are also expected to drive the market in the
forecast period.
Companies included in the report
are United Technologies Corporation, General Electric Company, The Boeing
Company, Safran S.A. and Airbus Group.
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