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Opportunities for composites in aerospace MRO can be visualized in three segments such as primary aerostructures, secondary aerostructures and engine components. The use of composite materials are continuously increasing in aerostructures and other components in aircraft like Boeing 787 and Airbus 380 this shows that MRO Market is expected to have a significant opportunity in the future. Not only this, the Asia Pacific region is expected to depict a significant growth momentum for composites in global aerospace MRO market.
The MRO sector in the Aerospace/Aircraft domain is a highly technology driven market, with both in house and increasingly outsourced service delivery. MRO services primarily are labor intensive characterized by specialty materials and components. According to Lucintel’s report “Growth Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis” over the next five years (i.e. by 2016) the global aerospace MRO market is expected to grow at a CAGR of 3.2%, and the aerospace composite components MRO market is expected to grow at a CAGR of 10.6%.
Read » Composites in Aerospace MRO Market


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