The maintenance, repair, and operations (MRO) sector, similar to every other industry, is being driven by digitalization and the ever-increasing desire for greater corporate efficiency. The introduction of predictive maintenance procedures using IoT and data analytics allows for the timely replacement of production components before any flaws exist. In addition, the growth of smart factories and ease of supply chain restrictions are anticipated to fuel the growth of the industry. As a result of these advancements the global maintenance, repair, and operations (MRO) market which was worth USD 695.5 billion in 2021, is expected to further grow at a compound annual growth rate (CAGR) of 2.3% in the forecast period of 2022-2027 to reach USD 787.2 billion by 2026, according to expert market research.
The MRO market in the Asia Pacific region is poised to experience steady growth in the next couple of years due to the increased adoption of drones, machine learning, artificial intelligence, blockchain and 3D printing. However, MROs face several roadblocks, ranging from manual work scheduling, non-accurate work estimations, lack of resource visibility, inventory leakage, and disparate legacy systems. The need of the hour is to have a one-stop-shop MRO solution that enables paperless operations, manages complex contracts, and is easy to use.
In this edition of Aerospace and Defense Review APAC, we present the list of the Top 10 MROs in APAC for the year 2022. SACC is a prominent MRO company that conducts rotor wing operations, maintenance, and MRO business. We also bring to you thought leadership articles and exclusive insights from expert CIOs and CXOs -Bruno Cervia, VP R&D, Deputy CEO, Pilatus Aircraft Ltd; Steve Patrick, Vice President at Bombardier Defense, presenting their views and opinions on how organizations can incorporate changes in the MRO industry. We hope the valuable insights from industry thought leaders and the MROs featured in this edition help you make informed decisions for your organization.
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