The maintenance, repair, and overhaul (MRO) services are an essential and unavoidable aspect of every business. A proper MRO of an aircraft or its component can help businesses avoid significant risks to their survival. Thus, aviation industry players majorly focus on creating appropriate business processes and infrastructure to support industry growth. The rising demand for air travel worldwide is encouraging aircraft manufacturers such as Airbus and Boeing to increase their production volumes and offer maintenance services for these aircraft as well. With the constant growth in air traffic, carriers are more liable to maintain the optimum condition of the aircraft so as to extend their life span; otherwise, they would have to procure new aircraft.

The maintenance, repair, and overhaul (MRO) services are an essential and unavoidable aspect of every business. A proper MRO of an aircraft or its component can help businesses avoid significant risks to their survival. Thus, aviation industry players majorly focus on creating appropriate business processes and infrastructure to support industry growth. The rising demand for air travel worldwide is encouraging aircraft manufacturers such as Airbus and Boeing to increase their production volumes and offer maintenance services for these aircraft as well. With the constant growth in air traffic, carriers are more liable to maintain the optimum condition of the aircraft so as to extend their life span; otherwise, they would have to procure new aircraft.

Compact tractors, generally known as compact utility tractors, are primarily useful for small farms. The compact tractors are designed for small-scale farming requirements. Based on capacity, the compact tractors are categorized into below 30 HP (Horsepower), 30 HP–40 HP, and 40 HP–60 HP. In terms of drive type, the compact tractors market is segmented into two-wheel drive and four-wheel drive. The agricultural sector is the major application area of compact tractors, followed by utility-scale applications.

The maintenance, repair, and overhaul (MRO) of an airframe or its component can help businesses maintain their functions for the long term. As a result, aviation manufacturers majorly focus on creating appropriate business processes and infrastructure. Governments of various countries across the globe are highly engaged in massively investing in aviation infrastructure to deliver better MRO services. They also plan to develop the airports as MRO hubs, integrating all the capabilities, facilities, and warehouses in the facility to offer high-quality services to aircraft. Several engine development programs are being adopted, owing to the ever-increasing spending toward aircraft modernization, norms and regulations, and environmental concerns for the retirement of older fleets. Most of the engine manufacturers are robustly focusing on the development of economical and efficient engines for new aircraft fleets. The procurement of advanced aircraft parts is expected to double in the next few years, which will result in the retirement of older planes across the globe. Further, the integration of the Internet of Things (IoT), blockchain, artificial intelligence (AI), and other advanced technologies into aircraft is boosting the need for high-quality maintenance services, which is fueling the airframe maintenance services market.

The maintenance, repair, and overhaul (MRO) services are an essential and unavoidable aspect of every business. A proper MRO of an aircraft or its component can help businesses avoid significant risks to their survival. Thus, aviation industry players majorly focus on creating appropriate business processes and infrastructure to support industry growth. The rising demand for air travel worldwide is encouraging aircraft manufacturers such as Airbus and Boeing to increase their production volumes and offer maintenance services for these aircraft as well. With the constant growth in air traffic, carriers are more liable to maintain the optimum condition of the aircraft so as to extend their life span; otherwise, they would have to procure new aircraft.

The airborne pods are an external pod structure primarily fabricated to offer enhanced aerial recognition, identification, communication, targeting, data linking, and self-defensive potentials to an aircraft. High-end airborne pods with a wide range of advanced sensors and laser technologies can operate in extreme weather conditions, which is also one of the prime factors boosting the application of airborne pods in advanced fighter jets, aircraft, unmanned aerial vehicles, and helicopters. The changing modern warfare scenario has forced governments of various countries across the globe to allocate substantial funds and financial aid toward respective defense and military forces. The growing defense expenditure budget indicates the government's emphasis and importance on modernizing the defense sector to meet the mounting need for security, which is one of the major market drivers.

Compact tractors, generally known as compact utility tractors, are primarily useful for small farms. The compact tractors are designed for small-scale farming requirements. Based on capacity, the compact tractors are categorized into below 30 HP (Horsepower), 30 HP–40 HP, and 40 HP–60 HP. In terms of drive type, the compact tractors market is segmented into two-wheel drive and four-wheel drive. The agricultural sector is the major application area of compact tractors, followed by utility-scale applications.

The maintenance, repair, and overhaul (MRO) services are an essential and unavoidable aspect of every business. A proper MRO of an aircraft or its component can help businesses avoid significant risks to their survival. Thus, aviation industry players majorly focus on creating appropriate business processes and infrastructure to support industry growth. The rising demand for air travel worldwide is encouraging aircraft manufacturers such as Airbus and Boeing to increase their production volumes and offer maintenance services for these aircraft as well. With the constant growth in air traffic, carriers are more liable to maintain the optimum condition of the aircraft so as to extend their life span; otherwise, they would have to procure new aircraft. The cost of procurement of a new aircraft is much higher than the cost of the maintenance of the existing aircraft.

The airborne pods are an external pod structure primarily fabricated to offer enhanced aerial recognition, identification, communication, targeting, data linking, and self-defensive potentials to an aircraft. High-end airborne pods with a wide range of advanced sensors and laser technologies can operate in extreme weather conditions, which is also one of the prime factors boosting the application of airborne pods in advanced fighter jets, aircraft, unmanned aerial vehicles, and helicopters. The changing modern warfare scenario has forced governments of various countries across the globe to allocate substantial funds and financial aid toward respective defense and military forces. The growing defense expenditure budget indicates the government's emphasis and importance on modernizing the defense sector to meet the mounting need for security, which is one of the major market drivers.

短期看，估值回归五年低位，24Q1配置回落至“十四五”低点；2）中期看，展望2025，考虑“十四五”留存经费消化叠加“十五五 ”规划新需求的出现，预计行业基本面好转将逐步显现；3）长期看，“做精做强”与“提质增效”或是“十五五”行业主旋律；回顾利润与资产负债表，1）收入利润体量快速提升后呈现增速逐步下滑趋势，预计24Q2或是全年业绩低点，24Q4有望出现好转；价格与增值税调整影响已逐步消化，预计后续行业盈利能力有望逐步企稳；2）“十四五”行业扩产强度2023年达到峰值，2023-2024H1资产负债表进入衰退周期，2024H2-2025H1或将进入恢复阶段。