Global Aircraft MRO Market By Overview
Introduction:
Aircraft MRO is a set of procedural actions providing scheduled upkeep, care and airworthiness of an aircraft and its engine components. Aircraft MRO stands for maintenance, repair, and overhaul of aircraft engine. MRO is a big organization which handles numerous repair stations authorities from different aviation authorities worldwide. The MRO industry functions on the international principles and norms of safe airline functionality and works towards ensuring increased availability and dependability of commercial and other fleets. The global aircraft MRO market accounted for US$ 32.44 billion in 2020 and is estimated to be US$ 38.79 billion by 2030 and is anticipated to register a CAGR of 1.8%.
Global Aircraft MRO Market By Dynamics
Increasing the demand for the global aircraft MRO
Rising air transport activities in developed as well as devolving countries is the major factor expected to increase demand for the global aircraft MRO market, which in turn projected to drive target market growth. According to the data published by The International Air Transport Association, in 2018, the number of passengers transported by airlines will reach 8.2 billion in 2037, up from 7.8 billion in 2036 across the globe. In addition, various new MRO service centers have been developed in various countries in recent years which in turn increase contribution of regional companies in the global aircraft MRO market. Increasing international trade between various countries has increased adoption of cargo planes and it is essential to arrange timely repairs or checks of airplane to ensure performance efficiency and safe air travel. These factors are expected to boost growth of the global market over the forecast period. Moreover, high demand for next-generation engines and rapid growth in the aerospace industry are other additional factor anticipated to fuel revenue growth of the target market. Furthermore, straight government regulations regarding airplanes and need for periodically maintenance of engines components and engines, is another factor boosting the global market growth. However, concerns regarding the loss of opportunities from developing countries and streamlined fleets are expected to hamper growth of the global market to certain extent. In addition, lack of skilled professionals is another factor restraining growth of the global market. Nevertheless, increase in MRO investment by the OEMs is expected to create lucrative growth opportunities for the global market. According to the data published by the India Brand Equity Foundation 2018, India’s aviation industry is expected to witness US$ 4.99 billion investment in the next four years. The Indian government is planning to invest US$ 1.83 billion for expansion of airport infrastructure along with aviation navigation services by 2026.
Global Aircraft MRO Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report
The global aircraft MRO market is segmented based on MRO type and region.
Based on aircraft MRO, the global aircraft MRO market is segmented into engine MRO, components MRO, interior MRO, airframe MRO, modifications MRO, and field maintenance. Engine MRO segment is dominating the global market and is expected to maintain its dominance over the forecast period, owing to higher wear & tear ability of engine components. In addition, increased need for operational and functional checks, inspection, servicing, dismantling, and reassembling is driving growth for the segment.
Regional Insights:
The global aircraft MRO market accounted for US$ 32.44 billion in 2020 and is estimated to be US$ 38.79 billion by 2030 and is anticipated to register a CAGR of 1.8%. Based on region the global aircraft MRO market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific ranks largest and the fastest growing market for aircraft MRO worldwide, owing to factors such as rapid urbanization, robustly growing travel and tourism industry and increasing in air passenger traffic. In addition, it also attributed due to rising low cost carriers in price sensitive Asian economies along with expansion of aircraft fleet and air routes. China is considered to be strongest economy for aircraft MRO in Asia-Pacific. Increased focus of airline companies on smart management of assets and adoption of predictive and condition based maintenance is also boosting growth of this region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By MRO type- Engine MRO, Components MRO, Interior MRO, Airframe MRO, Modifications MRO, and Field Maintenance. |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global aircraft MRO market report based on MRO type, and region.
Global Aircraft MRO Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Aircraft MRO Market By Key Players
The key players operating the global aircraft MRO market involves AAR Corp., AFI KLM, BAE Systems, Delta Techops, GE Aviation, GMF Aeroasia, HAECO, Iberia Maintenance, LUFTHANSA Technik AG, Mtu Aero Engines, Pratt & Whitney, Rockwell Collins, Rolls Royce, SIAEC (SIA Engineering Company Ltd.), Turkish Technic, and Regent Aerospace. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, In October 2019, AAR Corp., a leader in aviation services provider to commercial airlines and governments worldwide, has announced the integration of Donecle drone MRO Type into its award-winning maintenance, repair and overhaul (MRO) operations. AAR´s Miami MRO facility is the first in its global network to custom the fully automated drone MRO Type to boost cost and operational efficiencies.
Global Aircraft MRO Market By Company Profile
- AAR Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AFI KLM
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BAE Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Delta Techops
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GE Aviation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GMF Aeroasia
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HAECO
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Iberia Maintenance
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LUFTHANSA Technik AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- MTU Aero Engines
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pratt & Whitney
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rockwell Collins
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rolls Royce
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SIAEC (SIA Engineering Company Ltd.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Turkish Technic
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Regent Aerospace
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Aircraft MRO Market By Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By MRO Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Aircraft MRO Market, By MRO Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Engine MRO
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Components MRO
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Interior MRO
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Airframe MRO
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Modifications MRO
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Field Maintenance
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Aircraft MRO Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By MRO Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By MRO Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By MRO Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By MRO Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By MRO Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- AAR Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- AFI KLM
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- BAE Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Delta Techops
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- GE Aviation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- GMF Aeroasia
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- HAECO
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Iberia Maintenance
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- LUFTHANSA Technik AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- MTU Aero Engines
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Pratt & Whitney
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Rockwell Collins
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Rolls Royce
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- SIAEC (SIA Engineering Company Ltd.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Turkish Technic
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Regent Aerospace
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- AAR Corporation
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- Section
- Research Methodology
- About Us
- Contact
FAQs
The Global Aircraft MRO market is segmented into basis of MRO type, application and region.
Rising air transportation operations in both developed and developing countries are likely to generate demand for the global aircraft MRO market, which would promote target market growth.
By region, Asia Pacific is expected to deliver the highest CAGR growth in the aircraft MRO market.
The Key players operating in the global Aircraft MRO market include AAR Corp., AFI KLM, BAE Systems, Delta Techops, GE Aviation, GMF Aeroasia, HAECO, Iberia Maintenance, LUFTHANSA Technik AG, Mtu Aero Engines, Pratt & Whitney, Rockwell Collins, Rolls Royce, SIAEC (SIA Engineering Company Ltd.), Turkish Technic, and Regent Aerospace.