Aircraft MRO Market Size

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 Size

Aircraft MRO Market Growth Projections and Opportunities

The Aircraft Maintenance, Repair, and Overhaul (MRO) market is a dynamic and essential thing in the aviation industry, playing a pivotal function in ensuring the safety and reliability of aircraft. Several market factors substantially have an impact on the Aircraft MRO market evaluation, reflecting the complex interaction of financial, technological, and regulatory forces. Economic elements are paramount in shaping the panorama of the Aircraft MRO market. The standard health of the global economic system, particularly the aviation area, immediately influences the demand for MRO services. During intervals of economic boom, airlines generally tend to make their fleets due to increased flight hours and, consequently, higher demand for maintenance and repair offerings. The Aircraft MRO Market, valued at USD 95 billion, is projected to develop at a CAGR of 6.05% from 2021 to 2030. The anticipated alternative of present industrial fleets with over 40,000 new planes in the subsequent decades is a key driving force. Technological improvements constitute any other critical component influencing the Aircraft MRO market. As planes emerge as more sophisticated and technologically advanced, MRO vendors must always spend money on education and infrastructure to keep up with evolving plane systems. Regulatory elements had a vast impact on the aircraft MRO market, with stringent safety and protection standards imposed by means of aviation government international. Compliance with these policies is non-negotiable, compelling MRO carriers to live abreast of evolving necessities. Changes in regulatory frameworks can affect the fee shape and operational tactics of MRO activities, necessitating adaptability and adherence to enterprise exceptional practices. Globalization performs a pivotal function in shaping the Aircraft MRO market overview. As airways expand their routes and operate in numerous geographical regions, MRO providers must establish a global presence to cater to the evolving desires of the industry. A mix of massive multinational MRO vendors and smaller regional gamers characterize the aggressive landscape. Environmental sustainability is an increasingly outstanding element within the Aircraft MRO market. Airlines and MRO providers face developing strain to adopt green practices, pushed via both regulatory requirements and a broader societal emphasis on sustainability. As a result, MRO vendors are exploring and imposing measures to lessen environmental impact, including the usage of sustainable substances, strength-green practices, and the development of green disposal methods for retired aircraft components.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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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
India's MRO market growth	$1.7 billion in 2018 to $5 billion by 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.

Market Trends

The Global Aircraft MRO Market is poised for robust growth, driven by increasing air travel demand and the need for enhanced fleet maintenance and safety standards.

Federal Aviation Administration (FAA)

Aircraft MRO Market 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.

Market Segment Insights

Regional Insights

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.

Market Segmentation

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

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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This is a great article! Really helped me understand the topic better.

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Thanks for sharing this. I’ve bookmarked it for later reference.

Posted on July 22, 2025, 7:45 PM

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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.

Development Of Next-Generation Aircraft
1. Opportunities
  1. IT Integration In MRO
  2. Evolution Of 3D Printing
2. Porter's Five Forces Analysis
  1. Threat Of New Entrants
  2. Bargaining Power Of Suppliers
  3. Bargaining Power Of Buyers
  4. Threat Of Substitutes
  5. Rivalry
3. Supply Chain Of The Global Aircraft MRO Market
4. Patent Trends
5. Introduction
  1. Wide-Body Aircraft
  2. Narrow-Body Aircraft
  3. Others
6. Introduction
  1. Commercial Air Transport
  2. Business And General Aviation
  3. Military Aviation
7. Introduction
  1. Engine MRO
  2. Airframe MRO
  3. Component MRO
  4. Line Maintenance MRO
  5. Modifications MRO
8. Introduction
  1. North America
  2. Europe
  3. Asia-Pacific
  4. Latin America
  5. Middle East & Africa
9. North America
  1. U.S.
  2. Canada
10. Europe
  1. France
  2. U.K.
  3. Germany
  4. Rest Of Europe
11. Asia-Pacific
  1. China
  2. India
  3. Indonesia
  4. Rest Of APAC
12. Middle East
  1. UAE
  2. Saudi Arabia
  3. Oman
  4. Rest Of Middle East
13. Latin America
  1. Brazil
  2. Chile
  3. Rest Of Latin America
14. Competitive Landscape
15. Competitive Benchmarking
16. Airbus
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. Key Developments
  5. SWOT Analysis
17. Delta TechOps
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. Key Developments
  5. SWOT Analysis
18. Honeywell International
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. Key Developments
  5. SWOT Analysis
19. ST Aerospace
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offering
  4. Key Developments
  5. SWOT Analysis
20. Lufthansa Technik
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. SWOT Analysis
21. Air France Industries KLM Engineering & Maintenance
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. Key Developments
  5. SWOT Analysis
22. HAECO
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. Key Developments
23. GMF AeroAsia
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offering
  4. Key Developments
24. JET MAINTENANCE SOLUTIONS
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. Key Developments
25. Air Works India (Engineering) Private Limited.
  1. Company Overview
  2. Financial Overview
  3. Product/Service Offerings
  4. Key Developments

Aircraft MRO Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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