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    Aircraft MRO Market

    ID: MRFR/A&D/1031-CR
    111 Pages
    Swapnil Palwe
    February 2021

    Aircraft MRO Market Research Report Information Report By MRO Type (Engine, Component, Line Maintenance, Airframe and Modifications), By Aircraft Type (Narrow-body, Wide-body and Others), By Application (Commercial Air Transport, Business and General Aviation and Military Aviation) - Forecast to 2030

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    Aircraft MRO Market Infographic
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    Aircraft MRO Market Summary

    As per Market Research Future Analysis, the Aircraft MRO Market is valued at USD 95 Billion and is projected to grow at a CAGR of 6.05% from 2023 to 2030. The market is driven by factors such as increasing air travel, demand for older aircraft, and modernization initiatives. The COVID-19 pandemic significantly impacted the aviation sector, yet some regions continued to expand, with initiatives like Boeing's BIRDS plan in India. The market is characterized by a shift towards sustainability and technological advancements, with a focus on engine and component servicing. However, environmental regulations and a shortage of qualified personnel pose challenges to growth.

    Key Market Trends & Highlights

    Key trends shaping the Aircraft MRO Market include technological advancements and increasing demand for efficient servicing.

    • Market Size: USD 95 Billion; CAGR: 6.05% from 2023 to 2030.
    • India's MRO market projected to grow from $1.7 billion in 2018 to $5 billion by 2030.
    • Wide-body aircraft expected to experience the fastest CAGR during the forecast period.
    • North America dominated the MRO market in 2016, driven by major manufacturers and service providers.

    Market Size & Forecast

    Market Size USD 95 Billion
    Forecast Growth Rate 6.05% CAGR from 2023 to 2030

    Major Players

    Airbus Group, Air France KLM Engineering & Maintenance, Air Works, Delta TechOps, HAECO, Honeywell International, GMF AeroAsia, Jet Maintenance Solutions, ST Aerospace, GE Aviation, Rolls-Royce, Pratt & Whitney, Lufthansa Technik, Safran Aircraft Engines.

    Aircraft MRO Market Drivers

    Fleet Modernization

    Fleet modernization initiatives are a key driver in the Global Aircraft MRO Market Industry. Airlines are increasingly investing in newer, more efficient aircraft to enhance operational performance and reduce fuel consumption. This transition necessitates specialized MRO services tailored to the latest aircraft technologies. For instance, the introduction of composite materials and advanced avionics in new aircraft models requires MRO providers to adapt their capabilities accordingly. As airlines modernize their fleets, the demand for MRO services is expected to rise, further propelling the market's growth trajectory. This trend underscores the importance of innovation in maintaining competitiveness within the Global Aircraft MRO Market.

    Regulatory Compliance

    The Global Aircraft MRO Market Industry is significantly influenced by stringent regulatory requirements imposed by aviation authorities worldwide. These regulations mandate regular inspections, maintenance, and repairs to ensure aircraft safety and compliance with international standards. For example, the Federal Aviation Administration and the European Union Aviation Safety Agency enforce rigorous maintenance schedules that airlines must adhere to. This regulatory landscape compels airlines to invest in MRO services, thereby driving market growth. As the industry evolves, compliance with these regulations remains a critical factor, contributing to the anticipated increase in the Global Aircraft MRO Market to 192.7 USD Billion by 2035.

    Increasing Air Traffic

    The Global Aircraft MRO Market Industry is experiencing growth driven by the rising demand for air travel. As global air traffic continues to increase, airlines are compelled to maintain and enhance their fleets to meet passenger expectations. The International Air Transport Association projects that the number of air passengers will reach 8.2 billion by 2037, necessitating more frequent maintenance and repair services. This trend indicates a robust demand for MRO services, as airlines seek to ensure safety and reliability in their operations. Consequently, the Global Aircraft MRO Market is expected to reach 101.0 USD Billion in 2024, reflecting the industry's response to this growing need.

    Market Growth Projections

    The Global Aircraft MRO Market Industry is poised for substantial growth, with projections indicating a rise from 101.0 USD Billion in 2024 to 192.7 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 6.05% from 2025 to 2035, driven by various factors including increasing air traffic, technological advancements, and regulatory compliance. The market's expansion is indicative of the broader trends within the aviation sector, where the demand for maintenance, repair, and overhaul services continues to escalate. This upward trend in market value underscores the critical role of MRO services in supporting the aviation industry's operational integrity and safety.

    Sustainability Initiatives

    Sustainability initiatives are becoming increasingly relevant within the Global Aircraft MRO Market Industry. Airlines are under pressure to reduce their environmental impact, prompting a shift towards more sustainable practices in maintenance and repair operations. This includes the adoption of eco-friendly materials, waste reduction strategies, and energy-efficient processes. For example, some MRO providers are implementing green technologies to minimize carbon footprints during maintenance activities. As sustainability becomes a priority for airlines, the demand for MRO services that align with these initiatives is likely to grow. This trend indicates a potential shift in market dynamics, as the industry adapts to evolving environmental standards.

    Technological Advancements

    Technological innovations play a pivotal role in shaping the Global Aircraft MRO Market Industry. The integration of advanced technologies such as predictive maintenance, artificial intelligence, and data analytics enhances operational efficiency and reduces downtime. For instance, predictive maintenance allows airlines to anticipate maintenance needs before they become critical, thereby optimizing resource allocation. This shift towards technology-driven solutions is likely to attract investments and improve service delivery in the MRO sector. As a result, the Global Aircraft MRO Market is projected to grow at a CAGR of 6.05% from 2025 to 2035, indicating a strong alignment with technological advancements.

    Key Companies in the Aircraft MRO Market market include

    Industry Developments

    • Q2 2025: Lufthansa Technik opens new MRO facility in Manila to expand Asia-Pacific operations Lufthansa Technik inaugurated a new aircraft maintenance, repair, and overhaul (MRO) facility in Manila, Philippines, aiming to meet rising demand for MRO services in the Asia-Pacific region and support its growing airline customer base.
    • Q2 2025: Delta TechOps secures multi-year MRO contract with LATAM Airlines Delta TechOps announced a multi-year agreement to provide engine maintenance and overhaul services for LATAM Airlines' fleet, strengthening its position as a leading independent MRO provider in the Americas.
    • Q1 2025: Embraer launches new MRO center in Dubai to serve EMEA customers Embraer officially opened a new MRO center in Dubai, United Arab Emirates, expanding its global support network and enhancing service capabilities for commercial and executive jets in Europe, the Middle East, and Africa.
    • Q2 2024: Rolls-Royce and SIA Engineering form joint venture for next-generation engine MRO Rolls-Royce and SIA Engineering Company announced the formation of a joint venture in Singapore focused on MRO services for new-generation Trent engines, targeting growing demand from Asia-Pacific carriers.
    • Q3 2024: ST Engineering wins $600 million MRO contract from major US airline ST Engineering secured a $600 million contract to provide heavy maintenance and modification services for a major US airline's narrowbody fleet, marking one of the largest MRO deals in the company's history.
    • Q1 2025: AFI KLM E&M acquires majority stake in South African MRO provider SAA Technical AFI KLM E&M completed the acquisition of a majority stake in SAA Technical, expanding its footprint in Africa and enhancing its ability to serve regional and international airline customers.
    • Q2 2024: Honeywell launches predictive maintenance platform for commercial aircraft MRO Honeywell introduced a new digital platform leveraging AI and IoT to enable predictive maintenance for commercial aircraft, aiming to reduce downtime and optimize MRO operations for airline customers.
    • Q4 2024: AAR Corp. signs long-term MRO support agreement with Air India AAR Corp. entered into a long-term agreement to provide component repair and supply chain services for Air India's expanding fleet, supporting the airline's growth and modernization plans.
    • Q3 2024: Safran inaugurates new engine MRO facility in Hyderabad, India Safran opened a new engine MRO facility in Hyderabad, India, to support the growing fleet of CFM engines in the region and strengthen its service network in South Asia.
    • Q1 2025: StandardAero acquires Vector Aerospace to expand global MRO capabilities StandardAero completed the acquisition of Vector Aerospace, significantly expanding its global MRO footprint and service offerings for both commercial and military aircraft.
    • Q2 2024: Boeing Global Services opens new MRO facility in Miami Boeing Global Services opened a new MRO facility in Miami, Florida, to provide maintenance and modification services for commercial and government customers in the Americas.
    • Q4 2024: MTU Aero Engines and Pratt & Whitney sign partnership for GTF engine MRO in Europe MTU Aero Engines and Pratt & Whitney announced a partnership to establish a new MRO center in Germany dedicated to servicing GTF engines, addressing increasing demand from European airlines.

    Future Outlook

    Aircraft MRO Market Future Outlook

    The Aircraft MRO Market is projected to grow at a 6.05% CAGR from 2024 to 2035, driven by technological advancements, increasing air traffic, and regulatory compliance demands.

    New opportunities lie in:

    • Invest in predictive maintenance technologies to enhance operational efficiency.
    • Expand MRO services in emerging markets to capture new customer bases.
    • Leverage digital platforms for streamlined supply chain management and customer engagement.

    By 2035, the Aircraft MRO Market is expected to be robust, reflecting substantial growth and innovation.

    Report Scope

    Attribute/Metric Details
    Market Size2032 USD 95 Billion
    Compound Annual Growth Rate (CAGR) 6.05% (2023-2030)
    Base Year 2021
    Market Forecast Period 2023-2030
    Historical Data 2019- 2020
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Aircraft Type, Application, Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Airbus Group, Air France KLM Engineering & Maintenance, Air Works, Delta TechOps, HAECO, Honeywell International, GMF Aero Asia, Jet Maintenance Solutions, ST Aerospace Aviation, Rolls-Royce, Pratt & Whitney, Lufthansa Technik, Safran Aircraft Engines
    Key Market Opportunities Outsourcing of the aircraft engine MRO to third-party vendors.
    Key Market Dynamics Increasing criteria for adequate servicing and refurbishment of aircraft to preserve their peak performance and to meet with stringent regulatory specifications would raise the market share of MRO commercial aircraft

    Market Highlights

    Author
    Swapnil Palwe
    Team Lead - Research

    With a technical background as Bachelor's in Mechanical Engineering, with MBA in Operations Management , Swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the Automotive/A&D domain. Swapnil has worked on major projects in verticals such as Aerospace & Defense, Automotive and many other domain projects. He has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.

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    FAQs

    What can be the market value by 2030?

    Aircraft MRO Market Grow at a CAGR Of 6.05% by 2023 -2030

    What are the key growth rendering factors in the worldwide market?

    The key growth rendering factors in the worldwide market are increased focus of OEMs on aircraft MRO service and rapid aircraft fleet expansion. Also, the increased need for proper maintenance of engines & components is driving the growth of the aircraft MRO market.

    Which region holds the highest share in the global market?

    APAC holds the highest share in the global market.

    What are the significant opportunities in the global market?

    The significant opportunities in the global market include outsourcing of the aircraft engine MRO to third-party vendors.

    What are the primary MRO types considered in the report?

    The primary MRO types considered in the report include Airframe, Line Maintenance, Engine, Modifications, Component, and more.

    Aircraft MRO Market Research Report – Global Forecast to 2030 Infographic
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