The global aviation MRO market size was estimated to be US$ 48.5 billion in 2020 and is expected to reach US$ 70.7 billion by 2031 at a CAGR of 3.4%.
In aviation, Maintenance, Repair, and Overhaul (MRO) alludes to a bunch of procedural exercises, including management, superintendence and administrative practices pointed toward reestablishing an airplane to its secure and working state. Maintenance, Repair, and Overhaul (MRO) exercises give an assortment of basic management services, including parts, motor, interiors, and line sustenance.
The rising number of aircrafts by virtue of the expanding number of travelers preferring air travel option is projected to drive the demand for maintenance services, assistance, and repairing centers. Moreover, to guarantee uniformity in the aviation business' standards, the MRO service area and its procedures should be ensured by the aviation administrative bodies like the United States Federal Aviation Administration (FAA) or European Union Aviation Safety Agency (EASA) to give some examples.
Carriers, airplane OEMs, and others are expanding their capacities to extend their geographic presence all over the world to compel increasing the aviation, government, and military aviation enterprises, which is probably going to fuel the market development during 2023-2032. Landing gear segments are the primary parts demoed to force and pressing factor, along these lines require incessant support and repair management.
Also, the parts are assessed, cleaned, and greased up at expedient time intervals to identify fractures if any, abrasion, and damage. Factors, for example, offering the least expense MRO administrations results in the unrivaled and low overhead expenses, and are projected to profit the self-governing providers in acquiring a higher client base. Likewise, these administrators as a rule consider the requirements of domestic, militia, and private carriers, which is probably going to additionally render the segment development.
As per the International Air Transport Association (IATA), the worldwide aviation industry has suffered considerable loss since 2020 and many aircraft enterprises are observed looking for insolvency / bankruptcy protective covering or have quit flying altogether thence. The previously mentioned factors along with the above cited factors are projected to increase segment development during the forecast time frame of 2023-2032.
Global Aviation MRO Market Value Share Analysis, by Geography (2022)
The report titled “Global Aviation MRO Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Aviation MRO Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Aviation MRO market is segmented based on Product, Supplier, End use, and region. Based on Product, the Aviation MRO market is segmented into Air Conditioning, Auto Flight, Communications, Electrical Power, Equipment, Flight Controls, Fuel, Hydraulic Power, Ice & Rain Protection, Indicating/Recording System, Landing Gear, Lights, Navigation, Pneumatic, Electrical, Propellers/ Propulsors, Engine Fuel & Controls, Engine Controls, Engine Indicating, Engine Oil, and Others. Based on Supplier type, the Aviation MRO market is segmented into OEMs, Third-Party, Operator, Independent, and others. Based on End use type, the Aviation MRO market is segmented into 121 Operators, 135 Operators, Military, Homeland Security & State Department, and others.
Based on geography, the Global Aviation MRO Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Aviation MRO Market. Further, market share of prominent companies in the Global Aviation MRO Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Aviation MRO companies. The Global Aviation MRO Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Aviation MRO business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Aviation MRO Market.
The key players of the Global Aviation MRO Market areAAR CORP, Delta TechOps (Delta Air Lines, Inc.), General Electric Company, Hong Kong Aircraft Engineering Co. Ltd., Lufthansa Technik AG, L3Harris Technologies, Inc., United Technologies Corporation, SIA Engineering Company Ltd., TAP Maintenance & Engineering, Singapore Technologies Engineering Ltd., MTU Aero Engines AG, Rolls-Royce Holding plc, and others.
Global Aviation MRO Market Key Segments:
Based on Product
Based on Supplier Type
Based on End use Type
By Region
The global Aviation MRO market was worth US$ 70.7 billion in 2020.
The global Aviation MRO market is expected to register a CAGR of 3.4% between 2022 and 2032.
AAR CORP, Delta TechOps (Delta Air Lines, Inc.), General Electric Company, Hong Kong Aircraft Engineering Co. Ltd., Lufthansa Technik AG, L3Harris Technologies, Inc. are few prominent players active in the market.
The rising number of aircrafts by virtue of the expanding number of travelers preferring air travel option is projected to drive the demand for maintenance services, assistance, and repairing centers. Moreover, to guarantee uniformity in the aviation business' standards, the MRO service area.
The end-use segments in Aviation MRO market are 121 Operators, 135 Operators, Military and Homeland Security & State Department.
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