アジアの商業用航空機およびエンジンのMRO市場

Abstract

Aviation Industry's Recovery Drives Demand for Commercial Aircrafts and Engine MRO

The rapid recovery of the aviation industry has not only resulted in increased air traffic, but also encouraged governments and private equity organisations to invest in aircraft maintenance, repair and overhauling (MRO). The sheer potential of the domestic passenger market is the engine that is driving the Asian aviation industry. India, China and Australia are witnessing growth in the domestic markets. Also, the booming air traffic growth facilitates the setting up of new low-cost MRO hubs in Singapore, Malaysia, India and China, thereby fuelling the competitive climate.

This Frost & Sullivan research service provides a detailed analysis of the commercial aircraft and engine MRO markets and assesses the current trends of the market and discusses the potential market openings. In addition, it also includes detailed market drivers and restraints with strategic recommendations to counter the industry challenges.

Competitive Marketplace Demands Cost-effective High Quality Products

"In a competitive market, participants need to actively invest to develop and grow their competencies and asset base to succeed by establishing sustainable differential advantage consistent with the value services sought from the operators," according to the analyst of the study. "Their strategic intent should be to provide reliable and cost-effective maintenance services to all Asian organic carriers, thereby attracting foreign airlines that provide world-class MRO services at high costs and establishing an outsourcing culture."

With lower-labour rates, Asia is a particularly attractive market for labour-intensive base maintenance. The growing fleet in Asia and growth in domestic/international air traffic provides ample opportunities for Asian-origin airline affiliates to evolve and set up world-class maintenance facilities with the advantage of an established brand in the larger aerospace value system. Airline affiliated MROs need to establish their MRO function as a profit centre instead of cost centre, through leveraging third party maintenance opportunities while continuing to serve their internal market.

Significant Aircraft/Engine MRO Growth in Asian Regions Attracts Foreign Investment, thus Boosting Revenue Potential

Asia Pacific is expected to account for significant incremental growth in the aviation sector in the coming decades. India, China and west Asia are emerging as major catalysts behind the growth in this industry. The global investment community is actively assessing the Asian aviation scene, with particular interest in the Indian subcontinent. Investors are aware of the significant potential of the Asian aviation market due to tremendous growth in air traffic new low-cost carriers (LCC). Furthermore, the increase in domestic and international fleet movements and utilisation add to the value of the market.

"The LCC phenomenon, with its low-cost models optimisation, simplicity, efficient utilisation and cost and scalability, is witnessing high growth in Asia after surmounting challenges such as targeting the right customer base and providing simple/cost-effective service," notes the analyst. "Despite cost pressures such as the provision of excellent MRO at low prices, the commercial aircraft and engine MRO markets are poised to grow, as the market dynamics change and as air traffic expands in the future."

Table of Contents

• 1. Executive Summary
  • 1. Market Overview
    • 1. Introduction
  • 2. Key Findings and Market Forecast
    • 1. Market Growth Opportunities
    • 2. Market Engineering Analysis
    • 3. Revenue Forecast
    • 4. Market and Technology Trends
  • 3. Competitive Analysis
    • 1. Competitive Structure
    • 2. Market Share Analysis
    • 3. Country Analysis
  • 4. Strategic Issues and Implementation
    • 1. Recommendations
• 2. Frost & Sullivan Awards
  • 1. Frost & Sullivan Awards for Asian Commercial Aircraft/Engine MRO Market
    • 1. Market Penetration Leadership Award
    • 2. Customer Value Leadership Award
• 3. Asian Commercial Aircraft/Engine MRO Market Overview
  • 1. Macro Industry Influence
    • 1. Prospective Economy in Asia
    • 2. Foreign Direct Investment (FDI)
    • 3. Open Skies
    • 4. Aviation Paradox
    • 5. Market Consolidation
  • 2. Micro Industry Influence
    • 1. Booming Air Traffic and Aircraft Utilisation
    • 2. Joint Ventures and Partnership Trends
    • 3. Original Equipment Manufacturer (OEM) Vertical Integration
    • 4. PMA Parts
    • 5. Increased DER Activity
    • 6. Military-Leveraging Commercial Model
    • 7. Outsourcing
    • 8. Shift in MRO Business Model-LCC Vs Legacy Carrier
• 4. Commercial Aircraft/Engine MRO Market Competitive Analysis
  • 1. Market Analysis
    • 1. Market Drivers
      • a. Air Traffic Growth
      • b. Low Cost Carriers (LCC) Reach Critical Mass
      • c. Cost Pressure
      • d. Globalisation of Airframe Heavy Maintenance
      • e. Component MRO Alternatives
      • f. Fleet Demographics
      • g. Changing Competitive Dynamics
      • h. Passengers to Freighter Conversion
    • 2. Market Restraints
      • a. Global Uncertainties
      • b. Complexity of New Generation Aircraft
      • c. Pressure to Keep MRO Work In-house
      • d. Stiff Competition
      • e. Lack of Technical and Qualified Personnel
    • 3. Industry Challenges
  • 2. Competitive Analysis
    • 1. Competitive Structure
    • 2. Competitive Share
    • 3. Competitive Landscape
    • 4. Maintenance Alliances
• 5. Commercial Aircraft/Engine MRO Market Measurement
  • 1. Market Mapping
    • 1. Global Commercial MRO Market
    • 2. Asian Commercial MRO Market
  • 2. Asian Commercial MRO Market Forecast
    • 1. Engine Maintenance
    • 2. Component Maintenance
    • 3. Line Maintenance
    • 4. Airframe Maintenance
    • 5. Modifications
    • 6. Total Revenue Forecast
    • 7. Demand Forecast
  • 3. Industry Trend
    • 1. Market and Technology Trend
    • 2. Pricing Trend
  • 4. Country Analysis
    • 1. Country Share
    • 2. Australia and New Zealand
    • 3. China
    • 4. India
    • 5. Japan
    • 6. Indonesia
    • 7. Malaysia
    • 8. Singapore
    • 9. South Korea
    • 10. Taiwan
    • 11. Thailand
    • 12. Other Asia Pacific Countries
• 6. Enabling Success
  • 1. Strategic Recommendations
    • 1. Strategy Golden Rectangle
    • 2. Recommendation I
    • 3. Recommendation II
    • 4. Recommendation III
    • 5. Recommendation IV
• 7. Decision Support Database
  • 1. Decision Support Databases
    • 1. Aircraft Departures in Asia
    • 2. Revenue Passenger Miles (RPM) by Airlines in Asia
    • 3. Aircraft Types in Asia
    • 4. Aircraft Delivery in Asia Pacific
    • 5. Cost Breakdown by Airlines in Asia
    • 6. MRO Expenditures by Airlines in Asia
    • 7. Heavy Maintenance Expenditure by Airlines in Asia
    • 8. Component MRO Expenditure by Airlines in Asia
    • 9. Line Maintenance Expenditure by Airlines in Asia
    • 10. Aircraft Modification Expenditure by Airlines in Asia
    • 11. Engine Maintenance by Airlines in Asia Pacific
    • 12. Presence of Engine OEM in Asia Pacific
    • 13. Commercial aircraft MRO organisation's approvals by aviation authority in Asia
    • 14. Joint ventures and partnership trends in Asia
    • 15. Asian top-10 commercial aircraft airframe MRO organisations