in ,

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

Research and Markets: Additive Manufacturing, Wearable Tech to Help Drive Aviation MRO Market - top government contractors - best government contracting event

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.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

NASA, Lockheed Begin Assembly of Orion Crew Module for Lunar Mission - top government contractors - best government contracting event
NASA, Lockheed Begin Assembly of Orion Crew Module for Lunar Mission
Kratos Subsidiary to Engineer US Army High-Energy Laser; Dave Carter Comments - top government contractors - best government contracting event
Kratos Subsidiary to Engineer US Army High-Energy Laser; Dave Carter Comments