Aircraft MRO Market Analysis

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 2035

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Market Analysis

In-depth Analysis of Aircraft MRO Market Industry Landscape

The Aircraft Maintenance, Repair, and Overhaul (MRO) market forms a vital element of the aviation enterprise, playing a pivotal position in ensuring the safety, reliability, and operational efficiency of aircraft. One of the primary drivers of the Aircraft MRO market is the non-stop expansion of the worldwide aviation fleet. As airways try to meet the developing demand for air journeys, they put money into new planes, mainly due to an increased want for protection and repair services. This trend is particularly stated in rising markets wherein rising incomes and urbanization are fueling a surge in air journeys. The anticipated boom of current industrial plane fleets and the status quo of recent airways are set to power elevated MRO sports in the future. Consequently, the rapid expansion of fleets is predicted to be a key driving force for the Aircraft MRO market. Moreover, technological advancements in plane layout and production also make contributions to market dynamics. Modern aircraft are prepared with state-of-the-art avionics, composite substances, and advanced propulsion structures, necessitating specialized protection understanding. Market dynamics are, in addition, formed with the aid of the cost considerations of airways. With intense competition and skinny income margins within the airline enterprise, carriers are keenly focused on managing operational fees. This has caused an extended emphasis on outsourcing MRO sports to be specialized service carriers, riding the increase of the 1/3-party MRO market. Outsourcing permits airlines to enjoy the expertise of committed MRO carriers, reduce operational complexities, and optimize fees. The aggressive landscape of the Aircraft MRO market is characterized by using a mixture of worldwide gamers and nearby carrier providers. Major MRO businesses often function throughout a couple of areas, leveraging economies of scale and supplying complete offerings. Regional gamers, then again, may additionally specialize in certain varieties of planes or cognizance of specific geographic markets. Regulatory traits additionally play a vital role in shaping market dynamics. Stringent safety regulations challenge aviation enterprises, and MRO companies must comply with global standards and certifications. Changes in policies, along with updates to preservation requirements or safety requirements, can affect the MRO market by influencing the demand for precise services or necessitating additional investments in equipment and schooling.

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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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.

Executive Summary
Introduction
1. Definition 14
2. Scope of the Study 14
3. Assumptions 14
4. Market Structure 15
5. Key Takeaways Of The Market 16
Research Methodology
1. Research Process 17
2. Primary Research 18
3. Secondary Research 18
4. Market Size Estimation 18
5. Forecast Model 20
Market Dynamics
1. Market Dynamics 21
2. Drivers 21
  1. Rapid Fleet Expansion 21
  2. MRO Outsourcing 22
  3. Increased Focus Of OEMs On Aircraft MRO Service 23
3. Restraints 24
  1. Environmental Hazards 24
  2. Retirement Of Maintenance-Intensive Aircraft 24
  3. Development Of Next-Generation Aircraft 24
4. Opportunities 25
  1. IT Integration In MRO 25
  2. Evolution Of 3D Printing 25
Market Factor Analysis
1. Porter's Five Forces Analysis 27
  1. Threat Of New Entrants 27
  2. Bargaining Power Of Suppliers 27
  3. Bargaining Power Of Buyers 28
  4. Threat Of Substitutes 28
  5. Rivalry 28
2. Supply Chain Of The Global Aircraft MRO Market 28
Patent Trends
1. Patent Trends 30
Global Aircraft MRO Market, By Aircraft Type
1. Introduction 34
  1. Wide-Body Aircraft 34
  2. Narrow-Body Aircraft 34
  3. Others 35
Global Aircraft MRO Market, By Application
1. Introduction 38
  1. Commercial Air Transport 38
  2. Business And General Aviation 38
  3. Military Aviation 39
Global Aircraft MRO Market, By MRO Type
1. Introduction 42
  1. Engine MRO 42
  2. Airframe MRO 43
  3. Component MRO 43
  4. Line Maintenance MRO 44
  5. Modifications MRO 44
Aircraft MRO Market, By Region
1. Introduction 49
  1. North America 49
  2. Europe 49
  3. Asia-Pacific 50
  4. Latin America 51
  5. Middle East & Africa 51
2. North America 53
  1. U.S. 57
  2. Canada 59
3. Europe 60
  1. France 64
  2. U.K. 66
  3. Germany 67
  4. Rest Of Europe 69
4. Asia-Pacific 70
  1. China 74
  2. India 76
  3. Indonesia 77
  4. Rest Of APAC 79
5. Middle East 80
  1. UAE 84
  2. Saudi Arabia 86
  3. Oman 87
  4. Rest Of Middle East 89
6. Latin America 90
  1. Brazil 94
  2. Chile 96
  3. Rest Of Latin America 97
Competitive Scenario
1. Competitive Landscape 99
2. Competitive Benchmarking 100
Company Profiles
1. Airbus 103
  1. Company Overview 103
  2. Financial Overview 103
  3. Product/Service Offerings 104
  4. Key Developments 105
  5. SWOT Analysis 106
2. Delta TechOps 107
  1. Company Overview 107
  2. Financial Overview 107
  3. Product/Service Offerings 108
  4. Key Developments 110
  5. SWOT Analysis 111
3. Honeywell International 112
  1. Company Overview 112
  2. Financial Overview 112
  3. Product/Service Offerings 113
  4. Key Developments 113
  5. SWOT Analysis 114
4. ST Aerospace 115
  1. Company Overview 115
  2. Financial Overview 115
  3. Product/Service Offering 116
  4. Key Developments 116
  5. SWOT Analysis 117
5. Lufthansa Technik 118
  1. Company Overview 118
  2. Financial Overview 118
  3. Product/Service Offerings 119
  4. SWOT Analysis 121
6. Air France Industries KLM Engineering & Maintenance 122
  1. Company Overview 122
  2. Financial Overview 122
  3. Product/Service Offerings 123
  4. Key Developments 123
  5. SWOT Analysis 124
7. HAECO 125
  1. Company Overview 125
  2. Financial Overview 125
  3. Product/Service Offerings 126
  4. Key Developments 126
8. GMF AeroAsia 127
  1. Company Overview 127
  2. Financial Overview 127
  3. Product/Service Offering 127
  4. Key Developments 128
9. JET MAINTENANCE SOLUTIONS 129
  1. Company Overview 129
  2. Financial Overview 129
  3. Product/Service Offerings 130
  4. Key Developments 131
10. Air Works India (Engineering) Private Limited. 132
  1. Company Overview 132
  2. Financial Overview 132
  3. Product/Service Offerings 132
  4. Key Developments 133

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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