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.

You may also be interested in...

Blue Origin

Blue Origin Launches 14th New Shepard Mission With Updated Crew Capsule

Blue Origin, a space company owned by Amazon CEO Jeff Bezos, used a capsule with updated crew systems during the company's 14th mission with the New Shepard rocket. The updated capsule featured new push-to-talk communications systems, noise reduction tools, cushioned wall linings, environmental systems and a crew alert system, Blue Origin said Thursday.

Teledyne

Teledyne Subsidiary to Produce Additional Navy LCS Missile Defense Modules

A Teledyne Technologies subsidiary has secured an $18M contract from Northrop Grumman to manufacture four more missile defense systems for the U.S. Navy's littoral combat ship mission package.

Orion

Lockheed’s Orion Spacecraft Concludes Assembly, Testing for NASA’s Artemis Mission to Lunar Orbit

Lockheed Martin has sent the Orion capsule to NASA’s exploration ground systems team for final preparations ahead of the unmanned Artemis I mission to lunar orbit that will launch later this year. The spacecraft concluded assembly operations and testing at Kennedy Space Center in Florida.