Valued at USD 40.17 billion this year (2023), this whopping figure for the Defence MRO sector will only move northwards. This is projected to reach USD 46.21 billion with a CAGR of 2.78% during the forecast period (2023 -2028)
Defence MRO Industry
Defence hardware assets include Fighter jets, transport planes, helicopters, and trainers majorly. Drones and Remotely Piloted Aircraft are incorporated into the defence sector for their capabilities in Military operations. To ensure a high degree of efficiency and airworthiness, Defence MRO service providers have their tasks cut out. They include overhaul services, inspection, replacement, defect rectification, and the embodiment of modifications in compliance with airworthiness directives and repair.