Research and Markets: Additive Manufacturing, Wearable Tech to Help Drive Aviation MRO Market

AirplaneThe worldwide market for commercial and military aircraft maintenance, repair and ovehaul services is projected to grow at an annual average rate of 3.36 percent through 2019, according to a new Research and Markets report.

Research and Markets said Monday it also forecasts that wearables and three-dimensional printers will drive the aviation MRO industry’s growth over the next four years.

The research firm believes the use of additive manufacturing processes can help MRO service providers to build and repair aircraft parts on time.

The report also noted high costs associated with aircraft composite and electronics replacement as a key growth barrier for MRO market.

Airbus Group, Honeywell International, Lockheed Martin, Haeco and ST Aerospace are among the major industry players mentioned in Research and Markets’ report.

Check Also

Bill Beard SVP Vertex Aerospace

Bill Beard Promoted to Corporate Operations & Strategy SVP at Vertex Aerospace

Bill Beard, former interim senior vice president of corporate business operations and development at Vertex Aerospace, has been promoted to SVP of corporate operations and strategy.

DevOps

Carahsoft, GitLab Partner to Offer Agencies DevSecOps Platform via AWS Marketplace

Carahsoft Technology has agreed to offer GitLab's suite of DevSecOps tools to government organizations through Amazon Web Services' cloud marketplace and helped launch a product and training package as part of the partnership

QTS

QTS Receives EPA Recognition for Energy Procurement Approach

QTS Realty Trust has won a Direct Project Engagement award from the Environmental Protection Agency for the data center services provider's practice of sourcing renewable electricity to power its operations.