The lifespan of an aircraft, typically between 20 and 30 years, makes maintenance, repair and overhaul (MRO) and retrofit, both big and necessary businesses. Think of every plane you've been on in the last few years that still featured a now-defunct charging socket from the 1980s - aircraft are not changing overnight to keep up-to-date with consumer expectations. However, Airbus' Global Market Forecast projects that over the next 20 years the commercial aircraft upgrades services market will be worth 180 billion USD.
According to a variety of market reports, aerospace accounts for roughly 20% of the AM market. It offers numerous benefits to the sector; part consolidation, reduced inventory, on-demand manufacturing, light-weighting reduced costs and fuel consumption. For replacement parts where timescales are tight, and downtime must be kept to a minimum, speed of delivery can be a game-changer.
Read the full story at tctmagazine.com.