Global Air Transport MRO Market Segments 2024, Forecast To 2033
5 Mar, 2024
The air transport MRO market has witnessed substantial growth, increasing from $84.68 billion in 2023 to $89.98 billion in 2024, boasting a CAGR of 6.3%. This growth is attributed to economic cycles, safety measures, and technological advancements. Forecasts suggest continued expansion, reaching $114.1 billion in 2028 at a CAGR of 6.1%, driven by supply chain resilience and pandemic-induced market shifts, with sustainability and regulatory compliance emerging as major trends.
Global Air Transport MRO Market Key Driver
The air transport MRO market is expected to grow with the increasing air travel. The International Air Transport Association reports a significant growth in overall demand for air travel, reaching 78.7% in April 2022 compared to the previous year. Increased air travel leads to higher demand for air transport MRO services to ensure flight readiness and extend the lifespan of aircraft.
Get A Free Sample Of The Global Air Transport MRO Market ReportGlobal Air Transport MRO Market Segments
The air transport mro market covered in this report is segmented –
1) By Type: Engine, Line, Airframes, Other Types
2) By Service: Heavy Maintenance Inspection, Engine Service Check, Component Maintenance, Line Maintenance, Avionic Standardization, Aircraft Conversions
3) By Aircraft Type: Narrow Body Aircraft, Wide-Body Aircraft, Regional Jet, Turbo Prop, Other Aircraft Types
4) By Application: Civil Air Transport MRO, Military Air Transport MRO
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the air transport MRO market in 2023. The regions covered in the air transport mro market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Air Transport MRO Industry Players
AAR Corp.; Delta Air Lines Inc.; Deutsche Lufthansa AG; John Swire & Sons Limited; Airbus SE; Collins Aerospace; Air France Industries and KLM Engineering & Maintenance; HAECO Group; MTU Aero Engines AG; British Airways; Turkish Technic Inc.; General Electric Company; Iberia Líneas Aéreas de España S.A.; SIA Engineering Company Limited; Bombardier Inc.; Lufthansa Technik AG; Safran SA; Raytheon Technologies Corporation; Singapore Technologies Engineering Ltd.; Guangzhou Aircraft Maintenance Engineering Company Limited; StandardAero; Air Works Group; AJW Group; Gama Aviation; Erickson Inc.; Hong Kong Aircraft Engineering Company Limited; ST Engineering Aerospace; The Boeing Company; Rolls-Royce Holdings; Honeywell International Inc.
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AIOps Air Transport MRO Market Overview
Air transport MRO refers to the process of carrying out maintenance procedures on aircraft and their parts, including their landing gear and jet engines. Air transport MRO is used to guarantee passenger security and simplify maintenance procedures.
Air Transport MRO Global Market Report 2023 provides data on the global air transport mro market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The air transport mro market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.