Aircraft MRO Market to 2027 - Global Analysis and Forecasts By Component (Engine, Avionics, Airframe, Cabin, Landing Gear, and Others); Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft); End-users (Commercial and Military)
The Aircraft MRO market in global is expected to grow from US$ 80.38 Bn in 2018 to US$ 119.41 Bn by the year 2027. This represents a CAGR of 4.6% from the year 2019 to 2027.
The Asia Pacific was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The Asia Pacific aircraft MRO market size is expected to gradually increase in the coming years till 2027. The potential countries in terms of the aviation industry in Southeast Asia region, such as Singapore, Malaysia, Thailand, and others, generate more revenue for the aircraft MRO market in the APAC region.
Lucrative Regional Aircraft MRO Markets
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Market Insights
Increasing Demand for Aircraft MRO Services in APAC
With the rapidly growing aviation industry from the past few years, the demand for airline MRO services is also increasing. Emerging economies, such as those in APAC, are highly focused on extending MRO services to commercial as well as military aircraft companies. Economic growth, increasing passengers, and growing aviation infrastructure spending across APAC are the factors driving unparalleled growth in the aircraft MRO market in APAC. According to the International Air Transport Association (IATA), the total number of new passengers would increase over the next 20 years and it would further increase the demand for MRO activities for up-gradation of the aircraft fleet. The rising number of middle-class travelers, especially in APAC countries such as India, China, and Singapore, is the main factor contributing to the growth of air travel which is consequently increasing the need for aircraft MRO services in the region. The governments in the above-mentioned countries, as well as other emerging economies, are supporting the growth of aviation MRO services as it is a crucial strategy to support the economic goals of the region by focusing on enhancing the aircraft MRO activities.
The rest of the APAC countries, which include Singapore, Malaysia, Thailand, and others, produces a large amount of revenue from the aviation MRO market due to well-established MRO hubs. For instance, among the rest of APAC countries, Singapore dominates the region due to its established MRO hubs and major industry players such as GE Aviation, Airbus, and Rolls-Royce have substantial footprints in Singapore. According to Wisconsin Economic Development Corporation (WEDC), Singapore houses 120 aerospace companies, which have gathered one-quarter of the APAC’s MRO market. The top MRO players in the industry, specifically for the airframe component in Singapore are SIA Engineering and Singapore Technologies Engineering Ltd. Further, Singapore is experiencing a noteworthy rise in the number of companies providing aerospace design and manufacturing operations. On the other hand, the Singapore based airlines are observing substantial growth in passenger counts, which is compelling the airlines to operate their aircraft fleet for a longer period. Thus, the increase in flying hours is directly proportional to MRO activity demand. This factor is heavily influencing the country’s aircraft MRO market to propel. Additionally, countries such as Malaysia, Thailand, Vietnam, Indonesia, and the Philippines are also witnessing expansion in aircraft MRO projects due to a rise in demand for integration of advanced technologies from commercial aircraft operators as well as defense forces.
Component Insights
The global aircraft MRO market by components was led by the engine MRO segment. Airframe MRO segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Aircraft Type Insights
The global aircraft MRO market by aircraft type was led by a fixed-wing aircraft segment. Rotary wing aircraft segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
End-User Insights
The global aircraft MRO market by end-user was led by the commercial segment. The commercial aviation sector companies undertake significant initiatives to maintain their aircraft fleet owing to the demand for fuel efficiency and passenger and aircraft safety.
Global Aircraft MRO Market by End-User
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Strategic Insights
The market players present in the aircraft MRO market are mainly focusing on product enhancements by implementing advanced technologies. Few of the recent developments are listed below:
2019: AAR inked a three-year contract with JetBlue to offer component value engineering cost oversight services for the airline's Airbus and Embraer fleets.
2019: Delta TechOps signed engine maintenance service agreement which covers PW4060 engine maintenance for about 6 years supporting the airline’s Boeing 767 fleet.
2019: GE Aviation and Sanad Aerotech entered into an agreement for the Abu Dhabi-based MRO to offer maintenance services for GE’s GEnx-1B engines and overhauls on CFM International’s Leap engines.
GLOBAL AIRCRAFT MRO MARKET – MARKET SEGMENTATION
Global Aircraft MRO Market by Component
- Engine MRO
- Avionics MRO
- Airframe MRO
- Cabin MRO
- Landing Gear MRO
- Others
Global Aircraft MRO Market by Aircraft Type
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Global Aircraft MRO Market by End-User
- Commercial
- Military
Global Aircraft MRO Market by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Companies Mentioned
- AAR Corp
- Barnes Group Inc.
- Collins Aerospace, Inc.
- Delta TechOps
- FL Technics
- GE Aviation
- Lufthansa Technik AG
- Rolls-Royce PLC
- Singapore Technologies Engineering Ltd
- Turkish Technic Inc.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Aircraft MRO Market Landscape
4.1 market overview
4.2 Ecosystem Analysis
4.3 Porter’s Five Forces Analysis
5. Aircraft MRO Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Demand for MRO Services in Emerging Economies
5.1.2 Emergence of Digital Technology for MRO Industry
5.2 Restraints
5.2.1 OEMs Entering the Aftermarket
5.3 Opportunities
5.3.1 Accentuating Trend of Retrofitting of Older Aircraft Fleet
5.4 Future Trends
5.4.1 Blockchain Technology Changing MRO Landscape
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft MRO Market – Global Analysis
6.1 Global Aircraft MRO Market Overview
6.2 Global Aircraft MRO Market Forecast and Analysis
6.3 Market Positioning
7. Aircraft MRO Market Revenue And Forecast To 2027 – Component
7.1 Overview
7.2 Global aircraft MRO Market Breakdown, By Component, 2018 and 2027
7.3 Engine MRO Market
7.3.1 Overview
7.3.2 Engine MRO Market Forecast and Analysis
7.4 Avionics MRO Market
7.4.1 Overview
7.4.2 Avionics MRO Market Forecast and Analysis
7.5 Airframe MRO Market
7.5.1 Overview
7.5.2 Airframe MRO Market Forecast and Analysis
7.6 Cabin MRO Market
7.6.1 Overview
7.6.2 Cabin MRO Market Forecast and Analysis
7.7 Landing Gear MRO Market
7.7.1 Overview
7.7.2 Landing Gear MRO Market Forecast and Analysis
7.8 Other Market
7.8.1 Overview
7.8.2 Other Market Forecast and Analysis
8. Aircraft MRO Market Revenue And Forecast To 2027– By Aircraft Type
8.1 Overview
8.2 Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027
8.3 Fixed Wing Market
8.3.1 Overview
8.3.2 Fixed Wing Market Revenue And Forecast to 2027 (US$ Bn)
8.4 Rotary Wing Market
8.4.1 Overview
8.4.2 Rotary Wing Market Revenue And Forecast to 2027 (US$ Bn)
9. Aircraft MRO Market Revenue And Forecast To 2027– By End-User
9.1 Overview
9.2 Aircraft MRO Market Breakdown, By End-User, 2018 and 2027
9.3 Commercial Market
9.3.1 Overview
9.3.2 Commercial Market Forecast and Analysis
9.4 Military Market
9.4.1 Overview
9.4.2 Military Market Forecast and Analysis
10. Aircraft MRO Market – Geographical Analysis
10.1 Overview
10.2 North America Aircraft MRO Market Revenue and Forecast To 2027
10.2.1 Overview
10.2.2 North America Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.2.3 North America Aircraft MRO Market Breakdown, By Component
10.2.4 North America Aircraft MRO Market Breakdown, By Aircraft Type
10.2.5 North America Aircraft MRO Market Breakdown, By End-Users
10.2.6 North America Aircraft MRO Market Breakdown, By Country
10.2.6.1 US Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.2.6.1.1 US Aircraft MRO Market Breakdown, By Component
10.2.6.1.2 US Aircraft MRO Market Breakdown, By Aircraft Type
10.2.6.1.3 US Aircraft MRO Market Breakdown, By End-Users
10.2.6.2 Canada Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.2.6.3 Canada Aircraft MRO Market Breakdown, By Component
10.2.6.3.1 Canada Aircraft MRO Market Breakdown, By Aircraft Type
10.2.6.3.2 Canada Aircraft MRO Market Breakdown, By End-Users
10.2.6.4 Mexico Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.2.6.4.1 Mexico Aircraft MRO Market Breakdown, By Component
10.2.6.4.2 Mexico Aircraft MRO Market Breakdown, By Aircraft Type
10.2.6.4.3 Mexico Aircraft MRO Market Breakdown, By End-Users
10.3 Europe Aircraft MRO Market Revenue and Forecast To 2027
10.3.1 Overview
10.3.2 Europe Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.3.3 Europe Aircraft MRO Market Breakdown, By Component
10.3.4 Europe Aircraft MRO Market Breakdown, By Aircraft Type
10.3.5 Europe Aircraft MRO Market Breakdown, By End-Users
10.3.6 Europe Aircraft MRO Market Breakdown, By Country
10.3.6.1 Germany Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.3.6.1.1 Germany Aircraft MRO Market Breakdown, By Component
10.3.6.1.2 Germany Aircraft MRO Market Breakdown, By Aircraft Type
10.3.6.1.3 Germany Aircraft MRO Market Breakdown, By End-Users
10.3.6.2 UK Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.3.6.2.1 UK Aircraft MRO Market Breakdown, By Component
10.3.6.2.2 UK Aircraft MRO Market Breakdown, By Aircraft Type
10.3.6.2.3 UK Aircraft MRO Market Breakdown, By End-Users
10.3.6.3 France Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.3.6.3.1 France Aircraft MRO Market Breakdown, By Component
10.3.6.3.2 France Aircraft MRO Market Breakdown, By Aircraft Type
10.3.6.3.3 France Aircraft MRO Market Breakdown, By End-Users
10.3.6.4 Italy Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.3.6.4.1 Italy Aircraft MRO Market Breakdown, By Component
10.3.6.4.2 Italy Aircraft MRO Market Breakdown, By Aircraft Type
10.3.6.4.3 Italy Aircraft MRO Market Breakdown, By End-Users
10.3.6.5 Russia Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.3.6.5.1 Russia Aircraft MRO Market Breakdown, By Component
10.3.6.5.2 Russia Aircraft MRO Market Breakdown, By Aircraft Type
10.3.6.5.3 Russia Aircraft MRO Market Breakdown, By End-Users
10.3.6.6 Rest of Europe Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.3.6.6.1 Rest of Europe Aircraft MRO Market Breakdown, By Component
10.3.6.6.2 Rest of Europe Aircraft MRO Market Breakdown, By Aircraft Type
10.3.6.6.3 Rest of Europe Aircraft MRO Market Breakdown, By End-Users
10.4 APAC Aircraft MRO Market, Revenue and Forecast To 2027
10.4.1 Overview
10.4.2 APAC Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
10.4.3 APAC Aircraft MRO Market Breakdown, By Component
10.4.4 APAC Aircraft MRO Market Breakdown, By Aircraft Type
10.4.5 APAC Aircraft MRO Market Breakdown, By End-Users
10.4.6 APAC Aircraft MRO Market Breakdown, By Country
10.4.6.1 Australia Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
10.4.6.1.1 Australia Aircraft MRO Market Breakdown, By Component
10.4.6.1.2 Australia Aircraft MRO Market Breakdown, By Aircraft Type
10.4.6.1.3 Australia Aircraft MRO Market Breakdown, By End-Users
10.4.6.2 China Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
10.4.6.2.1 China Aircraft MRO Market Breakdown, By Component
10.4.6.2.2 China Aircraft MRO Market Breakdown, By Aircraft Type
10.4.6.2.3 China Aircraft MRO Market Breakdown, By End-Users
10.4.6.3 Japan Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
10.4.6.3.1 Japan Aircraft MRO Market Breakdown, By Component
10.4.6.3.2 Japan Aircraft MRO Market Breakdown, By Aircraft Type
10.4.6.3.3 Japan Aircraft MRO Market Breakdown, By End-Users
10.4.6.4 India Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
10.4.6.4.1 India Aircraft MRO Market Breakdown, By Component
10.4.6.4.2 India Aircraft MRO Market Breakdown, By Aircraft Type
10.4.6.4.3 India Aircraft MRO Market Breakdown, By End-Users
10.4.6.5 South Korea Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
10.4.6.5.1 South Korea Aircraft MRO Market Breakdown, By Component
10.4.6.5.2 South Korea Aircraft MRO Market Breakdown, By Aircraft Type
10.4.6.5.3 South Korea Aircraft MRO Market Breakdown, By End-Users
10.4.6.6 Rest of APAC Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
10.4.6.6.1 Rest of APAC Aircraft MRO Market Breakdown, By Component
10.4.6.6.2 Rest of APAC Aircraft MRO Market Breakdown, By Aircraft Type
10.4.6.6.3 Rest of APAC Aircraft MRO Market Breakdown, By End-Users
10.5 MEA Aircraft MRO Market Revenue and Forecast To 2027
10.5.1 Overview
10.5.2 MEA Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.5.3 MEA Aircraft MRO Market Breakdown, By Component
10.5.4 MEA Aircraft MRO Market Breakdown, By Aircraft Type
10.5.5 MEA Aircraft MRO Market Breakdown, By End-Users
10.5.6 MEA Aircraft MRO Market Breakdown, By Country
10.5.6.1 UAE Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.5.6.1.1 UAE Aircraft MRO Market Breakdown, By Component
10.5.6.1.2 UAE Aircraft MRO Market Breakdown, By Aircraft Type
10.5.6.1.3 UAE Aircraft MRO Market Breakdown, By End-Users
10.5.6.2 Saudi Arabia Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.5.6.2.1 Saudi Arabia Aircraft MRO Market Breakdown, By Component
10.5.6.2.2 Saudi Arabia Aircraft MRO Market Breakdown, By Aircraft Type
10.5.6.2.3 Saudi Arabia Aircraft MRO Market Breakdown, By End-Users
10.5.6.3 South Africa Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.5.6.3.1 South Africa Aircraft MRO Market Breakdown, By Component
10.5.6.3.2 South Africa Aircraft MRO Market Breakdown, By Aircraft Type
10.5.6.3.3 South Africa Aircraft MRO Market Breakdown, By End-Users
10.5.6.4 Rest of MEA Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
10.5.6.4.1 Rest of MEA Aircraft MRO Market Breakdown, By Component
10.5.6.4.2 Rest of MEA Aircraft MRO Market Breakdown, By Aircraft Type
10.5.6.4.3 Rest of MEA Aircraft MRO Market Breakdown, By End-Users
10.6 South America Aircraft MRO Market, Revenue and Forecast to 2027
10.6.1 Overview
10.6.2 South America Aircraft MRO Market, Revenue and Forecast, 2018 – 2027 (US$ Bn)
10.6.3 South America Aircraft MRO Market Breakdown, By Component
10.6.4 South America Aircraft MRO Market Breakdown, By Aircraft Type
10.6.5 South America Aircraft MRO Market Breakdown, By End-Users
10.6.6 South America Aircraft MRO Market Breakdown, By Country
10.6.6.1 Brazil Aircraft MRO Market, Revenue and Forecast, 2018 – 2027(US$ Bn)
10.6.6.1.1 Brazil Aircraft MRO Market Breakdown, By Component
10.6.6.1.2 Brazil Aircraft MRO Market Breakdown, By Aircraft Type
10.6.6.1.3 Brazil Aircraft MRO Market Breakdown, By End-Users
10.6.6.2 Argentina Aircraft MRO Market, Revenue and Forecast, 2018 – 2027(US$ Bn)
10.6.6.2.1 Argentina Aircraft MRO Market Breakdown, By Component
10.6.6.2.2 Argentina Aircraft MRO Market Breakdown, By Aircraft Type
10.6.6.2.3 Argentina Aircraft MRO Market Breakdown, By End-Users
10.6.6.3 Rest of South America Aircraft MRO Market, Revenue and Forecast, 2018 – 2027(US$ Bn)
10.6.6.3.1 Rest of South America Aircraft MRO Market Breakdown, By Component
10.6.6.3.2 Rest of South America Aircraft MRO Market Breakdown, By Aircraft Type
10.6.6.3.3 Rest of South America Aircraft MRO Market Breakdown, By End-Users
11. Industry Landscape
11.1 Market Initiative
12. Company Profiles
12.1 aar corp.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Barnes Group Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Collins Aerospace
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Delta TechOps
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 FLTechnics
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 GE Aviation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Lufthansa Technik
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Rolls-Royce plc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Singapore Technologies Engineering Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Turkish Technic
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Aircraft MRO Market Revenue and Forecast to 2027 (US$ Bn)
Table 2. Global Aircraft MRO Market Revenue and Forecast To 2027, By Geography (US$ Bn)
Table 3. North America Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 4. North America Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 5. North America Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 6. North America Aircraft MRO Market Revenue and Forecast To 2027 – By Country (US$ Bn)
Table 7. US Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 8. US Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 9. US Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 10. Canada Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 11. Canada Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 12. Canada Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 13. Mexico Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 14. Mexico Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 15. Mexico Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 16. Europe Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 17. Europe Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 18. Europe Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 19. Germany Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 20. Germany Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 21. Germany Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 22. UK Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 23. UK Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 24. UK Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 25. France Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 26. France Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 27. France Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 28. Italy Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 29. Italy Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 30. Italy Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 31. Russia Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 32. Russia Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 33. Russia Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 34. Rest of Europe Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 35. Rest of Europe Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 36. Rest of Europe Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 37. APAC Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 38. APAC Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 39. APAC Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 40. Australia Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 41. Australia Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 42. Australia Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 43. China Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 44. China Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 45. China Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 46. Japan Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 47. Japan Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 48. Japan Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 49. India Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 50. India Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 51. India Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 52. South Korea Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 53. South Korea Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 54. South Korea Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 55. Rest of APAC Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 56. Rest of APAC Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 57. Rest of APAC Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 58. MEA Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 59. MEA Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 60. MEA Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 61. UAE Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 62. UAE Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 63. UAE Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 64. Saudi Arabia Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 65. Saudi Arabia Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 66. Saudi Arabia Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 67. South Africa Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 68. South Africa Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 69. South Africa Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 70. Rest of MEA Aircraft MRO Market Revenue and Forecast To 2027 – By Component (US$ Bn)
Table 71. Rest of MEA Aircraft MRO Market Revenue and Forecast To 2027 – By Aircraft Type (US$ Bn)
Table 72. Rest of MEA Aircraft MRO Market Revenue and Forecast To 2027 – By End-Users (US$ Bn)
Table 73. South America Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Component (US$ Bn)
Table 74. South America Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Aircraft Type (US$ Bn)
Table 75. South America Aircraft MRO Market Breakdown, By End-Users, 2018 and 2027(%)
Table 76. Brazil Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Component (US$ Bn)
Table 77. Brazil Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Aircraft Type (US$ Bn)
Table 78. Brazil Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By End-Users (US$ Bn)
Table 79. Argentina Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Component (US$ Bn)
Table 80. Argentina Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Aircraft Type (US$ Bn)
Table 81. Argentina Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By End-Users (US$ Bn)
Table 82. Rest of South America Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Component (US$ Bn)
Table 83. Rest of South America Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By Aircraft Type (US$ Bn)
Table 84. Rest of South America Aircraft MRO Market, Revenue and Forecast, 2018 – 2027– By End-Users (US$ Bn)
Table 85. Glossary of Term: Aircraft MRO Market
LIST OF FIGURES
Figure 1. Aircraft MRO Market Segmentation
Figure 2. Aircraft MRO Market Segmentation - Geography
Figure 3. Aircraft MRO Market Overview
Figure 4. Aircraft MRO Market – Geography Analysis
Figure 5. Aircraft MRO Market, By Geographic Share, 2018
Figure 6. Aircraft MRO Market, By Component
Figure 7. Ecosystem Analysis: Aircraft MRO Market
Figure 8. Aircraft MRO Market – Porter’s Five Forces Analysis
Figure 9. Aircraft MRO Market Impact Analysis Of Driver And Restraints
Figure 10. Global Aircraft MRO Market
Figure 11. GLOBAL AIRCRAFT MRO MARKET FORECAST AND ANALYSIS (US$ BN)
Figure 12. Global Aircraft MRO Market Breakdown, By Component, 2018 and 2027(%)
Figure 13. Engine MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 14. Avionics MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 15. Airframe MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 16. Cabin MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 17. Landing Gear MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 18. Other Market Revenue And Forecast To 2027 (US$ Bn)
Figure 19. Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027(%)
Figure 20. Fixed Wing Market Revenue And Forecast To 2027 (US$ Bn)
Figure 21. Rotary Wing Market Revenue And Forecast To 2027 (US$ Bn)
Figure 22. Aircraft MRO Market Breakdown, By End-User, 2018 and 2027(%)
Figure 23. Commercial Market Revenue And Forecast To 2027 (US$ Bn)
Figure 24. Military Market Revenue And Forecast To 2027 (US$ Bn)
Figure 25. Global Aircraft MRO Market Breakdown, By Region, 2018 and 2027 (%)
Figure 26. North America Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 27. North America Aircraft MRO Market Breakdown, By Component, 2018 and 2027 (%)
Figure 28. North America Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027 (%)
Figure 29. North America Aircraft MRO Market Breakdown, By End-Users, 2018 and 2027 (%)
Figure 30. North America Aircraft MRO Market Breakdown, By Country, 2018 and 2027(%)
Figure 31. US Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 32. Canada Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 33. Mexico Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 34. Europe Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 35. Europe Aircraft MRO Market Breakdown, By Component, 2018 and 2027 (%)
Figure 36. Europe Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027 (%)
Figure 37. Europe Aircraft MRO Market Breakdown, By End-Users, 2018 and 2027 (%)
Figure 38. Europe Aircraft MRO Market Breakdown, By Country, 2018 and 2027(%)
Figure 39. Germany Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 40. UK Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 41. France Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 42. Italy Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 43. Russia Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 44. Rest Of Europe Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 45. APAC Aircraft MRO Market, Revenue And Forecast To 2027 (US$ Bn)
Figure 46. APAC Aircraft MRO Market Breakdown, By Component, 2018 and 2027 (%)
Figure 47. APAC Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027 (%)
Figure 48. APAC Aircraft MRO Market Breakdown, By End-Users, 2018 and 2027 (%)
Figure 49. APAC Aircraft MRO Market Breakdown, By Country, 2018 and 2027(%)
Figure 50. Australia Aircraft MRO Market, Revenue And Forecast To 2027 (US$ Bn)
Figure 51. China Aircraft MRO Market, Revenue And Forecast To 2027 (US$ Bn)
Figure 52. Japan Aircraft MRO Market, Revenue And Forecast To 2027 (US$ Bn)
Figure 53. India Aircraft MRO Market, Revenue And Forecast To 2027 (US$ Bn)
Figure 54. South Korea Aircraft MRO Market, Revenue And Forecast To 2027 (US$ Bn)
Figure 55. Rest Of APAC Aircraft MRO Market, Revenue And Forecast To 2027 (US$ Bn)
Figure 56. MEA Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 57. MEA Aircraft MRO Market Breakdown, By Component, 2018 and 2027 (%)
Figure 58. MEA Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027 (%)
Figure 59. MEA Aircraft MRO Market Breakdown, By End-Users, 2018 and 2027 (%)
Figure 60. Mea Aircraft MRO Market Breakdown, By Country, 2018 and 2027(%)
Figure 61. UAE Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 62. Saudi Arabia Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 63. South Africa Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 64. Rest Of MEA Aircraft MRO Market Revenue And Forecast To 2027 (US$ Bn)
Figure 65. South America Aircraft MRO Market, Revenue And Forecast, 2018 – 2027(US$ Bn)
Figure 66. South America Aircraft MRO Market Breakdown, By Component, 2018 and 2027(%)
Figure 67. South America Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027(%)
Figure 68. South America Aircraft MRO Market Breakdown, By End-Users, 2018 and 2027(%)
Figure 69. South America Aircraft MRO Market Breakdown, By Country, 2018 and 2027(%)
Figure 70. Brazil Aircraft MRO Market, Revenue And Forecast, 2018 – 2027(US$ Bn)
Figure 71. Argentina Aircraft MRO Market, Revenue And Forecast, 2018 – 2027(US$ Bn)
Figure 72. Rest Of South America Aircraft MRO Market, Revenue And Forecast, 2018 – 2027(US$ Bn)
The List of Companies
- AAR Corp
- Barnes Group Inc.
- Collins Aerospace
- Delta TechOps
- FL Technics
- GE Aviation
- Lufthansa Technik
- Rolls-Royce Plc
- Singapore Technologies Engineering Ltd.
- Turkish Technic Inc.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the aircraft MRO market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to components, aircraft type, and end-users.
Frequently Asked Questions
In the APAC region, numerous airlines such as Singapore Airlines and Malaysian Airlines are expanding their in-house maintenance facilities. The immense growth of low-cost carriers has been the main driver of air traffic growth in the Southeast Asia region. Thus, potential countries in terms of the aviation industry in the Southeast Asia region, such as Singapore, Malaysia, Thailand, and others, generate more revenue for the aircraft MRO market in the APAC region. Furthermore, China is the second-largest defense spending nation after the US. China invests substantial amounts in its defense forces which enable the air force to procure new aircraft fleets and opt for maintenance, repair, and overhaul activities. Pertaining to the fact that Chinese defense force constantly seek new technologies to keep their military aircraft fleets mission ready, the demand for MRO activities is all-time higher
Despite low fuel costs in the current aviation industry, aircraft owners (commercial and military) are continuing with their existing fleet; this is, in turn, propelling the demand for engine MRO. As the aviation sector continues to witness an exponential rise in passenger count, the flying hours of each aircraft also increase, leading to the degradation of aircraft engines. In other words, higher the flying hours, the greater is the need for maintenance and repair activities of aircraft engines.
The deployment of various retrofitting technologies, which refers to the implementation of newer technologies on older aircraft fleet, help increase passenger comfort and safety and also facilitates the airlines in maintaining their older fleet. The continuous advancements in aircraft technologies are resulting in the up-gradation of MRO capabilities. This is due to the fact that the MRO service providers are constantly seeking up-gradation and procurement of newer technologies in order to service the newer aircraft as well as retrofit the upgraded technologies on the older aircraft fleets. The global commercial airlines in the current scenario 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.