The global Aerospace industry is witnessing continual changes thanks to the furious pace of technological advances and with the developing economies spreading their wings.
Aircraft fleets have to be maintained in regions where MRO operations may not exist today.
New-generation aircraft have even more sophisticated avionics making them more complex and expensive.
According to industry reports, the global air transport MRO market will reach USD 109.2 billion by 2027. MRO providers must recognise the potential of end-of-life market and be prepared to handle new composite and metal matrix materials. With a changing workforce profile, use of 3D visualization, AR & VR technologies, IoT & analytics, component & line maintenance, asset health monitoring, advanced simulations in testing and software configuration protocols the related training requirements deepen the challenges for MRO providers and OEMs.