Global Aviation MRO Market Segments 2024, Forecast To 2033
5 Mar, 2024
The aviation MRO market has witnessed robust growth, climbing from $73.68 billion in 2023 to $79.01 billion in 2024, achieving a CAGR of 7.2%. Contributing factors include aircraft fleet growth, aging aircraft maintenance, outsourcing trends, safety emphasis, and global air traffic expansion. Anticipating strong growth, the market is expected to reach $104 billion in 2028, maintaining a CAGR of 7.1%. Drivers encompass fleet expansion, modernization, data-driven maintenance, aviation growth in emerging markets, regulatory changes, and compliance. Major trends include the rise of new entrants and competition, focus on sustainability, adoption of predictive maintenance, shift towards outsourcing, regulatory compliance and safety standards, and advancements in aircraft technology.
Global Aviation MRO Market Key Driver
The aviation MRO market is witnessing growth driven by the increasing trend of air travel. In April 2022, air travel demand surged by 78.7%, with expectations to reach 7.8 billion passengers by 2036, emphasizing the critical role of aviation MRO in maintaining airworthy fleets.
Get A Free Sample Of The Global Aviation MRO Market ReportGlobal Aviation MRO Market Segments
The aviation mro market covered in this report is segmented –
1) By Service Type: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Other Service Types
2) By Aircraft Type: Narrow Body, Wide Body, Regional Jet, Other Aircraft Types
3) By End User: Original Equipment Manufacturer (OEM), Aircraft Operator, Other End Users
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.
North America was the largest region in the aviation MRO market in 2023. The regions covered in the aviation mro market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Aviation MRO Industry Players
Delta Airlines Inc.; AAR Corp.; Hong Kong Aircraft Engineering Company Limited; Airbus SE; Singapore Technologies Engineering Limited; KLM UK Engineering Limited; Lufthansa Technik AG; MTU Aero Engines AG; Raytheon Technologies Corporation; SIA Engineering Company Limited; TAP Maintenance & Engineering; SR Technics AG; British Airways Ltd.; Air-France Industries KLM Engineering & Maintenance Group; Bombardier Inc.; GE Aviation Inc.; L3Harris Technologies Inc.; Singapore Technologies Aerospace; AJW Group; Ameco Beijing; JAL Engineering; AFI KLM Engineering & Maintenance; Erickson Aircraft Services; Jet Aviation; StandardAero; Air Works Group; Gama Aviation; International Air Transport; BAE Systems; Collins Aerospace; Honeywell Aerospace; Pratt & Whitney
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AIOps Aviation MRO Market Overview
Aircraft MRO (maintenance, repair and overhaul) refers to services provided to the aircraft to make sure the aircraft is in good condition. It includes all the repair and maintenance services required for aircraft.
Aviation MRO Global Market Report 2023 provides data on the global aviation mro market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aviation mro market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.