MARCH 2022AEROSPACEDEFENSEREVIEW.COM6EditorialThe outbreak of COVID-19 has severely affected various countries and business sectors across the world. One of the worst-hit is the aviation sector, with almost all fleet grounded for a good part of the year 2020. However, the commercial aviation MRO market valued at USD 33 billion in 2021 is expected to be over USD 34 billion by 2026, registering a CAGR of over 1% during the forecast period of 2021-2026. The rising investments in the MRO by the major Aerospace and Defense (A&D) companies, owing to the reduced operational expenditure through efficiency and optimized supply chain management, are likely to augment the MRO market in the forecast period. Robotics is gaining momentum in the MRO field, owing to the shortage of skilled labor and rising labor costs. In addition, drones are being used by MRO companies to lower the time and cost involved in the inspection of aircraft, which also yield better and consistent results. In addition, the growth of predictive maintenance, such as the use of sensors and IoT, which allows components to be replaced before visible defects appear, is also expected to transform the global MRO industry.With an evident change in the conventional business model and an increase in technological trends, the MRO sector is set for a more streamlined and transformational journey, which will help to strengthen the A&D industry. This Aerospace and Defense Review edition highlights some of the most successful MRO companies delivering the best solution for clients. It also contains thought leadership from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition provides you with the right MRO solution providers for your needs.Let us know your thoughts!The New Face of MRO in AviationJonathan AllredManaging Editoreditor@aerospacedefensereview.comCopyright © 2022 ValleyMedia Inc., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.MARCH - 01 - 2022, Vol 03 - Issue 05, ISSN 2691-395XPublished by ValleyMedia Inc.To subscribe to Aerospace & Defense ReviewVisit www.aerospacedefensereview.comManaging Editor Jonathan AllredEditorial StaffAndrea FrancisJohn SmithRosalind JacobsJem ElizabethRichard Taylor Surajit Narayan DekaVisualizerAsher blake*All Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmailsales@aerospacedefensereview.comeditor@aerospacedefensereview.commarketing@aerospacedefensereview.com
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