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New Report on Composites in Aircraft Maintenance, Repair and Overhaul Market

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Reviewed

Feb 3 2011

Research and Markets has announced the addition of the "Growth Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis" report to their offering.

Background:

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%.

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.

In an industry that is increasingly looking to the developing markets to sustain long-term growth, Growth Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis is the only publication in the world to provide up to date information on the state of the emerging markets in composites. Never before there has been a report addressing the issues of the composites market. This unique report from Lucintel will provide you with all the valuable information and tools that you may need in operating your business successfully and learn potentials of market for composites. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in the aerospace composites market. In todays chaotic economy, you need every advantage that you can find to keep ahead in your business.

Features of This Report:

To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfils this core need and is an indispensable reference guide for multi-national Composites MRO service Provider, their core capabilities, and overall picture of Composites MRO market.

Some of the features of this market report are:

Composites MRO market breakdown in Primary Aerostructures, Secondary Aerostructures and Engine Components
Composites MRO market size distribution in terms of $ M and major composite components
Major global composites MRO service providers
Regional distribution of composites MRO market size in terms $ M
Different emerging high potential MRO Market for composites in Aerospace MRO
Major drivers and challengers for composites in aerospace MRO market
Trend (2005-2010) and forecast (2011-2016) for composites MRO market
Regional analysis of aerospace composite components MRO service providers

Benefits of the Report:

Lucintel's core competency is in market research and management consulting. In last 10 years, Lucintel has worked on hundreds of market research studies. Lucintel's market report offers following benefits.

It saves you money, as compared, to doing research in-house. ($80,000+)
It saves you time. Lucintel delivers the report in hours vs. months of in report writing.
It is an un-biased source of industry facts, intelligence and
It helps you make confident business decisions quickly.

Who Can Benefit From This Report?

This study is intended for material suppliers, parts fabricators, OEMs, investors, executives and consultants. This multi-client market study from Lucintel is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons as follows.

Business development
Strategic planning
Business presentation
Determination of market size and trend
Competitive analysis
Personnel training
Budgeting
Investment Decision

The aerospace MRO market for composite components is a developing market primarily driven by increasing acceptance of composites in airframes, especially in primary aero-structures such as fuselage, wing structure, and empennage. The increasing fleet of newly acquired aircraft across the globe and greater penetration of composites in aircraft such as the Airbus A350, Airbus A380, and Boeing B787 would further aid the market and the aerospace MRO market for composite components is expected to reach $3,041 million by 2016.

Lucintel, a leading global management consulting and market research firm with over thousands of clients worldwide, has analyzed the global aerospace MRO market and has now published a comprehensive research report entitled Global Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis.

The MRO sector in the aerospace market is highly technology driven, with both in-house and increasingly outsourced services. It is characterized by materials and components, supported by a highly skilled labor force that performs MRO activities with rapid turnaround times.

According to the study, opportunities for composites in aerospace MRO can be visualized in three segments such as primary aerostructures, secondary aerostructures and engine components. The use of these materials is continuously increasing in aerostructures as well as other components, supporting future growth and enhanced opportunities in the MRO Market for composites. The Asia-Pacific region is expected to experience significant growth momentum for composites in the global aerospace MRO market. Furthermore, escalating competition in the industry will drive airlines, especially the low-cost carriers (LCC), to depend heavily on third-party MRO service providers in order to efficiently reduce their overall costs.

Lucintels new flagship market study Global Composites Market 2008 2013: Opportunities, Markets & Technologies identifies over 15 applications and markets, where there will be 5% to 50% annual growth for composites in next 5 years. For example even though marine market is down in the USA, demand for luxury boats / yachts (of sizes over 30) are growing rapidly in Europe. Composite material suppliers should focus their strategy to align themselves with European yacht builders such as Ferretti, Azimut, Groupe Beneteau, Rodriguez group, Sun Seeker, and more to meet their growing need for large size boats.

Lucintels research report analyzes the global aerospace MRO industry, detailing its background and characteristics and market trends (2005-2010). The report also puts forth a six year market forecast (2011-2016), addressing factors that will shape this growing sector. The need for MRO services for aircraft composite components is discussed and growth opportunities in this market are identified.

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