The aviation maintenance, repair and overhaul (MRO) sector is undergoing a transformative phase with the infusion of advanced technology aimed at enhancing productivity, efficiency, safety, and cost-effectiveness. Meeting these demands is crucial for elevating the aviation industry’s performance and minimizing losses from downtime or accidents. The emphasis on airworthiness is growing, pushing the industry to rely more on MRO services to fulfill these needs. There is a noticeable trend towards digitalizing MRO processes as MRO services become increasingly popular among national military bodies and aerospace researchers.
The global maintenance, repair, and operations (MRO) market reached a value of USD 616.01 billion in 2020. It is expected to grow at a compound annual growth rate (CAGR) of 2.19 percent from 2021 to 2026 and reach a value of USD 701.30 billion by 2026.
With advancements in sensor technology becoming more affordable and widely available, manufacturers can now efficiently track their equipment’s performance and maintenance requirements. This shift towards modern methods reduces the dependence on older, less efficient practices. Predictive analytics is crucial for fleet managers, allowing them to use historical data to predict and prevent potential equipment failures, thus avoiding significant operational disruptions. Interestingly, for some airlines, the maintenance cost has now surpassed that of fuel, pushing the adoption of digital twinning. This technology, which provides real-time monitoring of essential components such as aircraft engines, facilitates the integration of a component’s digital twin with IT systems. This integration significantly streamlines maintenance tasks and enhances operational efficiency.
In this edition of Aerospace and Defense Review, we explore the most recent developments in the maintenance, repair and operations (MRO) sector, showcasing how innovative strategies are being adopted to phase out outmoded practices.
We are honored to showcase insightful articles from industry experts, including Andrew Ibsen, Duty Maintenance Manager at British Airways, and Duane Cornella, Sr. Manager of Operations Control Centers at Panasonic Avionics.
Our market analysis spotlights leading MRO innovators, with Bailey’s Premier Services standing out for its groundbreaking technology set to transform the industry.
We hope this edition aids you in establishing partnerships for a techfocused future.
