According to Stratistics MRC, the Global Helicopter MRO Market is accounted for $7.9 billion in 2023 and is expected to reach $12.4 billion by 2030 growing at a CAGR of 6.5% during the forecast period.
Helicopter Maintenance, Repair, and Overhaul (MRO) refer to the comprehensive services and procedures undertaken to ensure the safety, airworthiness, and optimal performance of helicopters. This includes regular maintenance tasks, repairs, and overhauls of various components such as engines, rotors, avionics, and airframes. These services are essential to uphold the operational integrity of helicopters, prolong their service life, and meet regulatory compliance standards, ensuring safe and reliable operation in various sectors including commercial aviation, emergency medical services, and military operations.
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Europe is expected to witness profitable growth over the projection period. The region is home to several prominent helicopter manufacturers, MRO providers, and operators, contributing to a robust ecosystem for helicopter maintenance and support services. Moreover, the European helicopter MRO market benefits from a large and varied fleet of helicopters, serving diverse sectors such as offshore oil and gas, emergency medical services, search and rescue, law enforcement, and military operations. The European region remains a key market for helicopter MRO services, driven by ongoing demand for safe, reliable, and efficient helicopter operations across various industries.
Some of the key players in the Helicopter MRO Market include Airbus Sas, Heli-One, Honeywell International inc., Leonardo Spa, Mtu Aero Engines Ag, Rolls-Royce Holdings Plc, Safran SA, Standardaero, Textron INC. and United Technologies Corporation.
Key Developments:
In January 2024, Airbus, Avinor, SAS, Swedavia and Vattenfall have signed a Memorandum of Understanding (MoU) agreement to investigate the feasibility of a hydrogen infrastructure at airports in Sweden and Norway.
In September 2023, Honeywell and Heart Aerospace, a leader in aerospace technology, announced a collaboration to integrate Honeywell’s next-generation flight control system into the new ES-30 regional electric airplane.
In September 2023, Honeywell announced a strategic collaboration with ESS Tech, Inc. to advance technology development and market adoption of iron flow battery energy storage systems. Honeywell has made an investment in ESS as part of this collaboration.
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