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The Aerospace Aftermarket is a segment of the Commercial Aerospace industry that provides services and products to maintain and upgrade aircraft. This includes parts, components, and systems, as well as repair and overhaul services. The aftermarket is a key part of the aerospace industry, as it helps to ensure that aircraft remain safe and reliable.
The aftermarket is divided into two main categories: Original Equipment Manufacturer (OEM) and Maintenance, Repair, and Overhaul (MRO). OEMs provide parts and components that are used to build and maintain aircraft, while MROs provide services such as repairs, inspections, and maintenance.
The Aerospace Aftermarket is a highly competitive market, with many companies offering a wide range of products and services. Some of the major players in the market include Boeing, Airbus, Honeywell, GE Aviation, and Rolls-Royce. Other companies include Lufthansa Technik, AAR Corporation, and StandardAero. Show Less Read more