Amanda Kole / Tuesday, October 25, 2016 / Categories: WireMasters News, Trade Shows MRO Europe 2016 Updates -The Future of European MRO That’s a wrap on MRO Europe 2016! WireMasters was among more than 7,000 attendees at this year’s sold-out show. More than 96 countries were represented in the Amsterdam event with lots of conversation about the future of the MRO European market. Aviation Week Network released their 2017 forecast for Fleet and MRO which offers a detailed look into different sectors - Commercial Aviation, Military, Business Aviation, and Helicopters. The information helps industry professionals focus on rising trends and opportunities. The reports show the Global MRO commercial market growing 3.9% a year for the next 10 years, eventually reaching $104 Billion in 2026 accommodating a fleet growth of 33,200 in 2017 to a whopping 46,200 by the end of 2026. Engine maintenance is set to reach $37 billion by 2026, representing 35% of the total demand. Other statics show business fleets (?) growing to 36,700 aircraft by 2016 (1.6% growth), military aircraft generating $800 billion in MRO demand, and Helicopters generating $76 billion in MRO demand, 40% of which is attributable to Component MRO. During the show, modifications were announced to be the fastest growing MRO segment for Europe, at least for the next 10 years. In Europe alone, the segment is estimated to rise from $17bn to $25bn by 2025. Speaking at Aviation Week’s MRO Europe, Jonathan Berger, ICF’s vice president, said modification work in Europe will increase by 1%, accounting for 8% of Europe’s MRO market, until 2025. MRO spending on engines is set to experience the largest absolute growth, retaining its 39% share of the segment. The growth predictions also see a 2.3% growth rate for Europe, which has seen its MRO segment’s growth stagnate in recent years compared to other regions, such as Asia-Pacific and North America. Heralding what he deemed “a new golden age of aircraft cabin interiors,” Berger detailed how modifications demand is being driven by airlines “seeking differentiation in the cabin and customer experience,” leading them to alter the seating configuration of their fleet, adding premium economy options and equipping a growing number of jets with Wi-Fi. Berger’s comments further a strong point that WireMasters and the wire and cable industry continues to explore which is the ever evolving world of In-flight Entertainment (IFE) and the complex data cables behind optimizing these electronic systems. Items such as WireMasters’ M17/176-00002, NF24Q100 Netflight, NF24Q100-01, E50824 / E10424 Ethernet Cables, RCN9047-26 as well as the M17/60-RG142 and M17/128-RG400 coaxials are among some of our top selling products which support the IFE sector We are constantly expanding and improving our IFE wiring options! Congratulations to our friends and customers at Airbus and Boeing, as their aircraft were named the top three European aircraft as follows- 1) Airbus A320-200, 2)Boeing 737-800 and 3)Airbus A319-100 during the show. WireMasters would like to thank everyone who made our first year exhibiting at MRO Europe a great success! It was our pleasure to meet and chat MRO with our fellow industry professionals! We are already gearing up for our next show which will be NBAA Business Aviation Convention & Exhibition (NBAA-BACE) in Orlando, FL The show runs November 1st-3rd and our team will be located at booth#613! We can’t wait to see you there! WireMasters next MRO based show will be MRO Americas 2017 in Orlando, FL running April 25-27, 2017. Previous Article Let’s Talk Business Aviation- NBAA-BACE 2016 Next Article October Salesman of the Month: Eric Hill Print 11232 Rate this article: No rating Tags: WireMasters aerospace aviation DEFENSE Boeing coaxial cable Orlando cable Wire Airbus IFE In-flight entertainment business aviation Military MRO MRO Europe NBAA-BACE European Aviation Aviation Week Network Amsterdam RAI Please login or register to post comments.