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Market growth and forecasts
The global MRO market is expected to grow at an average annual rate of 1.8% through 2034, reaching revenues of $124 billion. By 2024, revenues are expected to increase by nearly 3% to $104 billion. However, this growth is slower than expected due to global economic challenges, such as high interest rates and below-expectations aircraft production.
To meet these forecasts and a dynamic activity, find the TRACING FLIGHT teams on the events below.
Key events and agenda
As an expert for more than 10 years in the aeronautics industry and its software solutions for CAMO AND MRO activities, our teams will be available at the following events and will be present:
1. September 25-27, 2024 / MCO/MRO European Airshow AD2S at Airbase 106 in Bordeaux-Merignac.
Organized under the patronage of the Ministry of the Armed Forces, this show returns after six years of absence! AD2S is the unique opportunity in Europe to exchange with major players strongly involved in the sector: Institutional: EMA, DGA, the 3 armed forces (air, land, sea), DMAé, SIAé, SIMMT and industrial
Among the themes:
- Maintenance in Operational Condition (MCO) of civil and military aircraft
- Air Operations Support Environment
- Air services for airport platforms, air bases and other flight sites
- Fleet management, animation of the technical and operational structures of the ASD
- Digital technologies in ROM
- Environmental dimension of OMR
- Innovative training in aerospace
- MCO Economy
2. October 22-24, 2024 / MRO Europe Barcelona
This event is an essential platform for commercial aviation professionals to discuss the latest innovations and best practices in the MRO sector. You will find us on the Business stand France!
3. November 5-7, 2024 / SALON EUROPEAN ROTORS - Amsterdam
- At the initiative of the European Helicopter Association (EHA) and the European Aviation Safety Agency (EASA), these two entities create a showcase for the European VTOL branch: industry, operators and the regulator are meeting in Amsterdam to discuss the future of vertical flight.
- A meeting of the entire vertical take-off and landing (VTOL) community and their partners. TRACING FLIGHT will be by your side!
- The four-day EASA Rotorcraft and VTOL Safety Symposium will focus on the latest developments in rotorcraft and VTOL safety.
Innovations and Technologies
These events highlight technological innovations, as well as the growing use of predictive analytics and data-driven maintenance solutions to improve efficiency and reduce costs. Companies are also investing in technologies for sustainability and operations optimization are also topics of the moment in which companies in the sector as well as Tracing Flight provide answers.
Expansion and international markets
The Asian market, particularly in India, is growing rapidly. India’s fleet is expected to grow at an annual rate of nearly 13% over the first five years and 10% over ten years, making India one of the main drivers of growth in the global MRO market.
In conclusion, the CAMO and MRO sector continues to grow, supported by international events, technological innovations and significant growth in some parts of the world, despite persistent economic challenges.
