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The Maintenance, Repair and Operations (MRO) segment of the Aerospace and Defense (A&D) industry is expected to continue growing. The biggest factors that are impacting the overall A&D industry include: rising demand for air travel, record-level backlog of commercial aircraft orders, rising airline profitability and growing defense spending. Volatility will occur due to oil supply-demand dislocations and geopolitical factors. This white paper explores those factors and looks at the primary drivers of MRO growth: global fleet expansion, fleet transition, and increased spending to maintain vintage aircraft. As the global MRO market continues to grow, the North American market will continue to be the largest regional market over the next decade. To find out more, download now. |
