U.S. Aerospace and MRO Market to Reach $100 Billion by 2016
According to the study, major aerospace industry markets such as the U.S. and UK will likely reach saturation, whereas demand should increase from APAC nations such as China and India. Rising fuel prices are expected to generate demand for fuel-efficient aircraft, and the commercial and general aviation segment will propel the industry. Government purchases will drive the defense segment.
The U.S. maintenance, repair and operations (MRO) market captures approximately 45% of the world aerospace MRO market. The efficient air transportation system in the U.S. provides a solid market for MRO activities. U.S. aerospace MRO market is reportedly expected to reach $20 billion by 2016.
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