MRO MARKET ON TARGET FOR GROWTH

According to Lucintel’s report “Growth Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis” the global aerospace MRO market is expected to grow at a CAGR of 3.2%, while the aerospace composite components MRO market is expected to grow at a CAGR of 10.6%. The use of composite materials in the 787 and Airbus 380 demonstrates significant opportunities for the MRO market in the near future, says the report. The Asia Pacific region is expected to see the most growth for composites in the global aerospace MRO market.