Aviation Week (http://www.aviationweek.com) has released its annual forecast for the commercial aviation maintenance, repair and overhaul (MRO) industry, predicting strong growth for civil MRO worldwide, to $68.5 billion by 2022.
The annual maintenance forecast for airlines, engines and components, presented at Aviation Week's MRO Americas Conference & Exhibition in Atlanta, is based on Aviation Week's database of more than 30,000 commercial aircraft plus hours and cycles, retirement rates and net growth in deliveries.
Key findings from Aviation Week's forecast report include:
"With its agenda featuring the industry's top executives, presentation of prestigious awards, and the release of mission-critical forecast data, MRO Americas is not only the largest, most essential gathering of the global MRO community, but also the embodiment of Aviation Week's commitment to simplification, integration, and expansion of data and analytic capabilities," said Anne McMahon, Aviation Week's Vice President, Data/Analytics and Marketing.
For more information on the forecast, visit http://www.aviationweek.com or read the April 15 MRO edition of Aviation Week & Space Technology, which will feature rich media in the digital issue.