Big Data, MRO Europe-style #MROE

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No surprise that harnessing and leveraging big data is one of many heavy topics being discussed at MRO Europe in London this week. This post isn't about that kind of big data. Rather, here are some figures shared during sessions that qualify as notable, if not outright big.

Start with the near-term forecast for MRO in Europe from ICF SH&E and TeamSAI, and a sneak peek at 2014 numbers for Western Europe from Aviation Week's own data factory. (Spoiler alert: our data show that Western Europe's MRO market will show a CAGR of just 2.7% through 2023.)

MRO growth may be slow in Europe, but it's on pace to lift the region past North America by 2023, largely due to U.S. carrier fleet renewals and the associated maintenance honeymoons they bring. ICF SH&E figures have the U.S. MRO market going from $19.9 billion this year to just $20.6 billion in 2023. SH&E's numbers have Europe growing from $16.9 billion this year to $21.8 billion in 2023. The Asia/Pacific market, third in the 2013 rankings at $13.9 billion, will top the table in a decade, at $24.3 billion. 

Another nugget from Aviation Week's Commercial Fleets database shows what happens when worldwide freight hits a prolonged slump. From 2003-2011, one out of every six aircraft leaving passenger service was converted to a freighter. Since the start of 2012, the figure has been one out of eight.

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