The aircraft MRO market size is projected to reach US$ 170,482.90 million by 2031 from US$ 99,086.94 million in 2024. The market is expected to register a CAGR of 8.5% during 2025–2031. Blockchain technology is transforming the MRO landscape, which is likely to introduce new trends in the market in the coming years.
The aviation industry is growing and will continue to grow, owing to the ever-expanding global middle class. According to the report published by IATA in January 2025, the aviation industry experienced a significant rebound in 2024, with total full-year traffic measured in revenue passenger kilometers (RPKs) rising by 10.4% compared to 2023, surpassing pre-pandemic levels by 3.8%. This growth was driven by a robust increase in both international and domestic travel, with international traffic increasing by 13.6% and domestic traffic by 5.7%. The overall capacity, measured in available seat kilometers (ASK), also saw a notable rise of 8.7%, leading to a record load factor of 83.5% for the year. The Civil Aviation Administration of China (CAAC) aims to build 216 new airports by 2035 to meet the growing demands for air travel, which will have a direct impact on the aircraft MRO market in a positive way.
Major factors driving the growth of the aircraft MRO market worldwide include increasing air travel, rising presence of MRO service providers in emerging economies, and growing integration of digital technology in the MRO industry. According to the Insight Partners analysis, the global commercial aircraft fleet stood at ~29,000 aircraft in January 2025, which is likely to reach ~38,300 aircraft by the end of 2035. Similarly, the global air passenger traffic stood at around 9.5 billion passengers in 2024, witnessing an increase of around 10% compared to the global air passenger traffic of 2023. Moreover, the air passenger traffic of 2024 was equivalent to 104% of the 2019 levels, showing a full recovery to pre-pandemic levels.
The rapidly growing aviation industry in recent years has increased the demand for airline MRO services. The emerging economies, such as those in APAC, are highly focused on extending MRO services to commercial as well as military aircraft companies. Major aircraft MRO businesses in APAC include Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO), China; MTU Maintenance; and ExecuJet Haite Aviation Services China Co., Ltd. Heavy spending on aviation infrastructure, economic growth, and an increase in passenger count are the factors propelling the adoption of aircraft maintenance services. Moreover, the soaring number of middle-class travelers, especially in APAC countries such as China, Singapore, and India, is the main factor contributing to air travel growth, which is consequently increasing the need for aircraft maintenance services in the region. The Rest of APAC countries, which include Singapore, Malaysia, and Thailand, produce a large amount of revenue from the aviation MRO market due to well-established MRO hubs. For instance, Singapore dominates the Rest of APAC due to its established MRO hubs, and major market players such as GE Aviation, Airbus, and Rolls-Royce have substantial footprints in Singapore. According to the Wisconsin Economic Development Corporation (WEDC), Singapore houses 120 aerospace companies, which have gathered one-quarter of the APAC MRO market.
Such establishments and the expansion of existing MRO facilities across emerging regions are further propelling the growth of the aircraft MRO market.
Considering the growing competition worldwide, the implementation of digital technologies is a necessary step toward the growth of MRO companies; this helps them create continuous data flow through various levels of the supply chain, further streamlining the communication between the stakeholders and accelerating innovation in various operations. The digital revolution in the aviation industry significantly impacts all areas of the supply chain of the aviation industry, including aircraft operations, air traffic management, and aircraft and component manufacturing and servicing. The data-driven technologies, such as data analytics, which help track aircraft MRO activities in real-time, would also optimize the air travel experience of crew and passengers. Other advanced technologies, such as AI and machine learning, facilitate the airline crew and management to understand the airworthiness of the aircraft. Also, the MRO service providers incorporate AI technologies to boost their procedures by easily and efficiently conducting visual checks and understanding the degree of maintenance and repairs required on the aircraft. Thus, the increasing integration of digital technologies such as AI and machine learning drives the aircraft MRO market.
Retrofitting, which refers to the installation or addition of newer technologies on older aircraft fleets, helps increase passenger comfort and safety and facilitates the airlines in maintaining their older fleets. Continuous advancements in aircraft technologies are resulting in the upgrade of MRO capabilities. MRO service providers are constantly seeking upgrades and procurement of newer technologies in order to service the newer aircraft as well as retrofit the upgraded technologies on the older aircraft fleets. In the current scenario, global commercial airlines are holding on to their older aircraft fleet owing to the drop in fuel prices. This factor is compelling the airlines to opt for MRO activities frequently, which is facilitating the MRO service providers to offer the airlines to retrofit the aircraft fleet with newer technologies. The retrofitting trend is soaring among the MRO service providers. Thus, the integration of advanced and modern technologies into older aircraft fleets is expected to change the aircraft MRO market landscape as well as the face of the aviation industry.
The key segments contributing to the derivation of the aircraft MRO market analysis are component, aircraft component, and end user. Based on component, the market has been segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest market share in 2024. By aircraft type, the market has been bifurcated into fixed-wing aircraft and rotary-wing aircraft. The fixed-wing aircraft segment held a larger market share in 2024. Further, based on end user, the market has been categorized into commercial and military. The commercial segment held a larger market share in 2024.
The geographical scope of the aircraft MRO market report is divided into five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific accounted for the largest market share of 39.1% in 2024 and is projected to register a CAGR of 9.9% during the forecast period. The global air passenger traffic is increasing at a constant pace, which has forced airlines to increase their flight movements and introduce new aircraft. Aircraft MRO activities are essential in keeping up component availability, consistency, and quality. Airline operators depend on MRO services to ensure the safety of the aircraft and enhance fuel efficiency. The MRO market has become a viable business in the aviation industry since original equipment manufacturers (OEMs) mainly focus on aircraft development. In most regions of the world, economic performance has been remarkable over the last few years, largely due to better consumer buying power, growing equity markets, and industry consolidation. In spite of Brexit and various other trade barriers, the global markets have remained relatively stable.
The strong performance in December 2024, with an overall demand increase of 8.6% year-on-year and a load factor reaching 84%, further underscores the sustained recovery and growing appetite for air travel. This consistent demand is likely to drive airlines to invest more in their fleets, leading to an uptick in MRO contracts as they seek to maintain operational efficiency and compliance with safety regulations.
Moreover, the increase in capital expenditure by MRO providers, as seen with Delta TechOps securing nine new component contracts worth US$ 225 million, reflects the industry's readiness to meet this rising demand. As airlines continue to modernize their fleets with next-generation aircraft, MRO providers will need to enhance their capabilities and invest in advanced technologies to support these aircraft models.
The regional trends and factors influencing the Aircraft MRO Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft MRO Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 99.09 Billion |
| Market Size by 2031 | US$ 170.48 Billion |
| Global CAGR (2025 - 2031) | 8.5% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aircraft MRO Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aircraft MRO Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The aircraft MRO market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aircraft MRO market are listed below:
The "Aircraft MRO Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The aircraft MRO market is expected to reach US$ 170,482.9 million by 2031.
The key players operating in the aircraft MRO market include AAR CORP; Barnes Group Inc; GE Aerospace; FLTechnics, UAB; Turkish Technic Inc; Singapore Technologies Engineering Ltd; Lufthansa Technik; Delta TechOps; Rolls-Royce Holdings Plc; and Collins Aerospace.
Increasing air travel, rising presence of MRO service providers in emerging economies, and growing integration of digital technology in MRO industry.
The aircraft MRO market was valued at US$ 99,086.94 million in 2024; it is expected to register a CAGR of 8.5% during 2025–2031.
Blockchain technology changing MRO landscape is the key future trend in the aircraft MRO market.