'Visiongain Report Values the Global Military Aircraft Maintenance, Repair & Overhaul (MRO) Market at $41.66bn in 2013'

'Visiongain Report Values the Global Military Aircraft Maintenance, Repair & Overhaul (MRO) Market at $41.66bn in 2013' PR Newswire LONDON, November 28, 2012 LONDON, November 28, 2012 /PRNewswire/ -- The Global Military Aircraft Maintenance, Repair & Overhaul (MRO) Market 2013-2023, Visiongain's latest defence report, values the market for military Aircraft MRO spending at $41.66bn in 2013, as the provision of MRO services becomes increasingly important to support both old and new fixed wing aircraft platforms. A Visiongain defence analyst stated that: 'Maintenance, Repair and Overhaul (MRO) services for military aircraft will continue to remain vital over the next decade - ensuring air forces are able to maximise the capabilities of their fixed- wing aircraft platforms. In the midst of defence budget cuts, the life-cycle extension of many older and ageing legacy aircraft platforms puts greater emphasis on effective maintenance provisions, whilst new aircraft developments in fighter and transport aircraft, creates an opportunity for investment in advanced technological MRO support. Significant operational cut backs over the next few years will impact upon the market, however the constant demand for MRO services will ensure the industry will continue to develop increased networks, procedures and structures, particularly within many emerging markets.