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Avition MRO Market

According to this latest publication from Meticulous Researchu00ae, the aviation MRO market is projected to reach $87.43 billion by 2030, at a CAGR of 3.9% from 2023 to 2030.

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Avition MRO Market

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  1. Aviation MRO Market Worth $87.43 Billion by 2030 – Exclusive Report by Meticulous Research®

  2. Global Aviation MRO Market – 2023-2030 Meticulous Research®—a leading global market research company, published a research report titled, ‘Aviation MRO Market by Service Type (Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components), Aircraft Type (Narrow- body, Wide-body, Regional Jet, Rotary-wing Aircraft), and Geography – Global Forecasts to 2030’. According to this latest publication from Meticulous Research®, the aviation MRO market is projected to reach $87.43 billion by 2030, at a CAGR of 3.9% from 2023 to 2030. Some of the major factors driving the growth of this market are rising investments in aircraft MRO, growing air travel, and rising government programs to adopt MRO at airports. The aviation MRO market is segmented by service type and aircraft type. The study also evaluates industry competitors and analyzes the regional and country-level markets. Download Free Report Sample Now : https://www.meticulousresearch.com/download-sample-report/cp_id=5454 Based on service type, the aviation MRO market is segmented into engine overhaul, airframe maintenance, line maintenance, modification, and components. In 2023, the engine overhaul segment is expected to account for the largest share of the global aviation MRO market. This segment is also projected to register the highest CAGR during the forecast period. Aircraft engines require immaculate maintenance, repair, and overhaul at various intervals throughout their lifetime. They are subject to extreme wear due to vibrations caused by rotating components. Moreover, constant exposure to varying climates results in physical and material stresses on the engine. Therefore, the rising need to ensure that an aircraft performs according to applicable serviceable tolerances set by its manufacturer for continued airworthiness is expected to drive the growth of this segment. Based on aircraft type, the aviation MRO market is broadly segmented into fixed-wing aircraft and rotary-wing aircraft. The fixed-wing aircraft segment is further segmented into narrow-body, wide-body, and regional jet. In 2023, the narrow-body segment is expected to account for the largest share of the global aviation MRO market. A narrow-body aircraft, also known as a single-aisle aircraft, is a small-type aircraft often used to operate short-haul international flights and domestic flights. Airlines normally use these airliners for flights in intra-continental markets, serving routes on which passengers expect carriers to offer multiple flights per day. The growth of this segment is attributed to increasing air travel, rising passenger traffic, and the growing need for fuel-efficient aircraft. However, the wide-body aircraft segment is projected to record the highest growth rate during the forecast period. Speak-To-Analyst: https://www.meticulousresearch.com/speak-to- analyst/cp_id=5454 Based on geography, the aviation MRO market is segmented into North America, Asia- Pacific, Europe, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com

  3. Global Aviation MRO Market – 2023-2030 expected to account for the largest share of the aviation MRO market. This segment is projected to register the highest CAGR during the forecast period. The region has experienced significant growth in the aircraft fleet over the past decade, which has increased the demand for engine MRO services and is expected to lead the market during the forecast period. This has resulted in several MRO service providers from the U.S. and Europe establishing their maintenance facilities in this region. Also, to reduce overseas maintenance costs, several airlines have partnered with engine MRO service providers to develop in-house capabilities. Thus, all such developments are driving the growth of the aviation MRO market in Asia-Pacific. Key Players: The key players operating in the aviation MRO market are AAR CORP. (U.S.), Airbus SE (Netherlands), Delta Air Lines, Inc. (U.S.), Hong Kong Aircraft Engineering Company Limited (China), KLM UK Engineering Limited (U.K.), Lufthansa Technik AG (Germany), MTU Aero Engines AG (Germany), Raytheon Technologies Corporation (U.S.), Singapore Technologies Engineering Ltd (Singapore), and TAP Maintenance & Engineering (Portugal). Quick Buy Now: https://www.meticulousresearch.com/Checkout/66719384 Key questions answered in the report- • • • • • • • • • • Which are the high-growth market segments based on service type and aircraft type? What was the historical market for aviation MRO? What are the market forecasts and estimates for the period 2023–2030? What are the major drivers, restraints, and opportunities in the aviation MRO market? Who are the major players, and what shares do they hold in the aviation MRO market? How is the competitive landscape in the aviation MRO market? What are the recent developments in the aviation MRO market? What are the different strategies adopted by the major players in the aviation MRO market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the global aviation MRO market, and how do they compete with the other players? Author: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Visit Our Website: https://www.meticulousresearch.com/ To provide efficient analysis, Meticulous Research® has segmented the global AI in genomics market by offering (software, services), delivery mode (on-premises, cloud- based/web-based), functionality (genome sequencing, gene editing, other functionalities), application (drug discovery and development, precision medicine, diagnostics, and other applications), end user (pharmaceutical & biopharmaceutical companies, research institutes & academics, and other end users), and geography. Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com

  4. Global Aviation MRO Market – 2023-2030 Download Free Report Sample Now : https://www.meticulousresearch.com/download-sample-report/cp_id=5345 Based on geography, in 2022, North America is estimated to account for the largest share of the global AI in genomics market, followed by Europe. The largest market share of North America is mainly attributed to the high adoption of AI solutions in precision medicine, increased focus on controlling drug development and discovery costs, and growing government initiatives and research funding for precision medicine. Initiatives taken by key market players such as Microsoft Corporation (U.S.), NVIDIA Corporation (U.S.), Deep Genomics (Canada), and Fabric Genomics, Inc. (U.S.) help drive the AI in genomics market. For instance, In June 2022, NVIDIA Corporation (U.S.) collaborated with Ultima Genomics, Inc. (U.S.) to leverage AI-based analysis across multiple phases of DNA sequencing and analysis. Based on offering, in 2022, the software segment is estimated to account for the largest share of the global AI in genomics market. The growing use of AI in genomics software in pharmaceutical & biopharmaceutical companies for drug development and discovery increases the demand for AI genomics software. AI in genomics software helps identify information from genomic datasets effectively and in less time, accelerating genomics research. Increasing R&D based on drug discovery and development drives the demand for AI in genomics software. Based on delivery mode, the market is segmented into cloud-based/web-based and on- premises. The cloud-based segment is expected to register the highest CAGR during the forecast period. The ability of the cloud-based web-based model to store a huge amount of genomic data, high security, and easy remote access are the key factors contributing to the market growth. Speak to Analyst : https://www.meticulousresearch.com/speak-to-analyst/cp_id=5345 Based on functionality, in 2022, the genome sequencing segment is estimated to account for the largest share of the global AI in genomics market. The large market share of this segment is attributed to factors such as growing and developing research activities in genomics to understand genetic changes and gene-related diseases. Based on application, the market is segmented into drug discovery and development, precision medicine, diagnostics, and other applications. In 2022, the drug discovery and development segment is estimated to account for the largest share of the global AI in genomics market. The large market share of this segment is attributed to key factors such as the high adoption of AI in genomics offerings due to the rising need to identify the drug molecule in less time. During the COVID-19 pandemic, the need for urgent drug discovery and development further increased the adoption of AI in genomics for drug discovery and development. In terms of end user, in 2022, the pharmaceutical & biopharmaceutical companies segment is estimated to account for the largest share of the global AI in genomics market. The large market share of this segment is attributed to the increasing use of AI in genomics offerings Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com

  5. Global Aviation MRO Market – 2023-2030 in pharmaceutical & biopharmaceutical companies for drug discovery and precision medicine and rising innovation in drug discovery and development. Key Players: The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in the global AI in genomics market Microsoft Corporation (U.S.), NVIDIA Corporation (U.S.), Deep Genomics (Canada), Fabric Genomics, Inc. (U.S.), Data4Cure, Inc. (U.S.), Predictive Oncology Inc. (U.S.), Emedgene (U.S.), Congenica Ltd. (U.K.), Tempus (U.S.), SOPHiA GENETICS (Switzerland). Quick Buy Now: https://www.meticulousresearch.com/Checkout/54335299 Key questions answered in the report- • Which are the high-growth market segments in terms of offering, delivery mode, functionality, application, end user, and geography? What was the historical market for AI in genomics across the globe? What are the market forecasts and estimates for the period 2022–2029? What are the major drivers, restraints, opportunities, and challenges in the global AI in genomics market? Who are the major players in the global Artificial Intelligence in genomics market? How is the competitive landscape, and who are the market leaders in the global AI in genomics market? What are the recent developments in the AI in genomics market? What are the different strategies adopted by the major players in the AI in genomics market? What are the geographic trends and high growth regions/countries? • • • • • • • • Author: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 4 of 4 © Meticulous Research| sales@meticulousresearch.com

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