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Aviation
MRO is a well established industry in the West. However,
with increasing economic significance and rising fleet
size of Asia, many organizations in China and rest of
East Asia are rapidly building up their skill-base in
the aviation maintenance field.
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Owing to the labor intensive nature of MRO services Asia is emerging as an important
hub for MRO. The market in Asia is estimated to grow at a CAGR of 7.4% by
2014 and reach approx. $ US 15.4 Bn.
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The share of Asia in the global MRO market is also expected to increase from
21% in 2004 to 24.5% in 2014.
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Presently, a significant amount of Passenger to Freighter conversion work is
also being executed in Asia.
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Within Asia, China, Japan, India and Australia are emerging as the top 4 countries
in terms of airline traffic and MRO potential.
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Over the past few years, China has been able to tap a significant market share
of the Asia MRO market. This was primarily due to setting up dedicated
industrial zones for aviation related manufacturing and MRO activities
and providing several incentives to companies operating in this space.
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