According to the latest market research study released by Technavio, the global military helicopter maintenance, repair, and overhaul (MRO) market is expected to exceed USD 11.5 billion by 2020, growing at a CAGR of over 3%.
This research report titled ‘Global Military Helicopter MRO Market 2016-2020’, provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecast for various market segments and all geographical regions.
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The report segments the global military helicopter MRO market by maintenance type and can be divided into four broad segments:
Global military helicopter MRO market for field maintenance
The market for field maintenance is expected to reach USD 5.9 billion by 2020, growing at a CAGR of over 3%.
According to Abhay Singh, lead analyst at Technavio for defense research, “The field MRO market is highly influenced by the increasing orders of military helicopters from developing regions. For instance, South Korea awarded a contract to Airbus Helicopters and Korean Aerospace Industries to develop next generation light-armed helicopter and light civil helicopter in 2015.”
Moreover, the defense budget cuts in the US have compelled the country’s military to focus on improving its helicopters. For instance, the US Army awarded a contract to DynCorp International in 2015 worth USD 388.5 million to provide field maintenance on rotary wing aircraft. Such developments are expected to boost the market.
Global military helicopter MRO market for airframe maintenance
The market for airframe maintenance is expected to exceed USD 2 billion by 2020, growing at a CAGR of over 2%.
The increase in the fleet of helicopters is one of the factors leading to the growth of the market. The airframe of a helicopter is another structure that requires maintenance as per specific procedures. Structural repairs, ABC checks (A – visual inspection of aircraft structure, lubrication of nose gear, and functions of emergency light and oxygen levels), (B – detailed inspections of systems and components), (C – visual and operational checks of the onboard systems), and heavy maintenance visits should be adequately performed to maintain the aircraft airworthiness.
The US Army invested USD 591.2 million in purchasing 35 AH-64E Apache Guardian attack helicopters from Boeing in 2015. In the same year, the US Army invested USD 220.6 million in buying 41 UH-72A Lakota utility helicopter from Airbus Helicopters that are equipped with latest Raytheon AN/ARC-231 airborne communication system. These new investments will require adequate maintenance thereby generating a demand for MRO services.
Global military helicopter MRO market for component maintenance
The market for component maintenance is expected to reach 2 billion by 2020, growing at a CAGR of over 3%.
Component MRO includes maintenance of fuel systems, hydraulics, mechanical, electrical, pneumatics, and landing gear division. These are vital components of helicopters and should be maintained according to the standards prescribed by FAA and EASA.
Reduced funding for military helicopter procurement will positively affect growth in the component MRO market because the military will focus on the maintenance and upkeep of existing machinery.
Moreover, key developing countries such as Saudi Arabia, Indonesia, South Korea, and Qatar are increasing their defense budgets to purchase more helicopters. For instance, in 2015, Saudi Arabia invested USD 1.9 billion to buy 10 MH-60R Seahawk multi-mission helicopters from Sikorsky under the US Foreign Military Sales program, and they are expected to be in service from 2019. Such investments are likely to boost the market during the forecast period.
Global military helicopter MRO market for engine maintenance
The market for engine maintenance to exceed USD 1.6 billion by 2020, at a CAGR of over 3%.
The engine requires periodic maintenance to improve fuel efficiency and to avoid unscheduled maintenance. This has resulted in numerous military forces across the world to outsource their engine MRO to gain competitive advantage.
For instance, in 2015, the US Navy outsourced helicopter maintenance contract worth USD 50 billion to Korean Air, which covers maintenance services for the fleet of 40 CH-53 heavy lift helicopters until 2020. “This increase in outsourcing will help the maintenance market grow,” says Abhay.
Technavio’s aerospace and defense analysts highlight the following five vendors as the top contributors to the global military helicopter MRO market:
- Airbus Helicopter
- Bell Helicopter
- Russian Helicopters
- Sikorsky Aircraft
Browse Related Reports:
- Global Military Aviation MRO Market 2015-2019
- Heads-up Display Market in Military Aviation in the US 2015-2019
- Global Military Aircraft Actuation Systems Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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