Aircraft MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), and End-Users (Commercial and Military)

Publication Month: Apr 2021 | Report Code: TIPRE00007899 | No. of Pages: 171 | Category: Aerospace and Defense | Status: Published

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The aircraft MRO market was valued at US$ 49.80 billion in 2020 and is projected to reach US$ 68.35 billion by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.

 

With the rapidly growing aviation industry from the past few years, the demand for airline MRO services is also increasing. Emerging economies 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 among the factors driving the growth of the aircraft MRO market. A few APAC countries such as Singapore, Malaysia, and Thailand produce 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 market in the region due to its established hubs of MRO and significant presence of major industry players such as GE Aviation, Airbus, and Rolls-Royce. According to Wisconsin Economic Development Corporation (WEDC), Singapore comprises 120 aerospace companies, which almost holds one-quarter of the APAC’s MRO market players. Further, 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.  

 

Impact of COVID-19 Pandemic on Aircraft MRO Market

The COVID-19 pandemic has hampered the economic growth of almost every country. The airline industry has witnessed high impact of this economic downturn. Moreover, the damaged economic growth of countries has led to shutdown of small airlines companies in 2020. Due to the ongoing COVID-19 outbreak, all the major countries in Europe, Asia Pacific, and North America have imposed strict restrictions on business activities and movement of goods and people. All these factors are restricting both supply of and demand for aircraft maintenance services, thereby hindering the revenue growth of the global aircraft MRO market. Also, second wave of COVID-19 outbreak in countries such as India, France, and the US would negatively impact the market growth throughout the first half of 2021. It is expected that the aircraft MRO market growth will stabilize in 2022, and the market will witness positive growth from 2022 to 2028.

 

Lucrative Regions for Aircraft MRO Providers

Lucrative Regions for Aircraft MRO Providers

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Aircraft MRO Market Insights

 

Rising Count of Airline Passengers Fuels Growth of Aircraft MRO Market

Major countries have put restrictions on international travelling amid ongoing COVID-19 outbreak. However, the aviation industry is growing and would continue to grow owing to the ever-expanding global middle-class passenger count. As per the IATA, the number of global airline passengers could double by 2037, which would increase the flying hours of the aircraft fleets. Hence, the demand for maintenance and repair of the aircraft components would increase in coming years. The growth in the aviation industry would be more concentrated in APAC, particularly in India and China. In the near future, the rest of APAC countries such as Singapore and Malaysia and others would be the biggest global market for aircraft MRO, and APAC would be the new center of the global aviation industry. China is also concentrating in building new airports. For instance, the Civil Aviation Administration of China (CAAC) aims to build 216 new airports by 2035 to meet the growing demands for air travel, which would have direct impact on the aircraft MRO market in a positive way during the forecast period.

 

Component -Based Market Insights

Based on component, the aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest share in 2020. The same segment is expected to consistently hold the significant share during the forecast period owing to the increasing demand for engines services.  

 

Aircraft MRO Market, by Component – 2020 and 2028

Aircraft MRO Market, by Component – 2020 and 2028

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Aircraft Type -Based Market Insights

Based on aircraft type, the aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. In 2020, the fixed wing aircraft segment held a larger market share and is expected to hold a significant share during 2021–2028.


End-User -Based Market Insights

Based on end-user, the aircraft MRO market is bifurcated into commercial and military. In 2020, the commercial segment held a larger market share and is expected to hold the significant share during 2021–2028.

 

Strategic Insights

The players operating in the aircraft MRO market adopt strategies such as mergers, acquisitions, expansion, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

 

In March 2021, Barnes Aerospace announced that it is expanding its maintenance, repair, and overhaul facility in West Chester, Ohio. The West Chester MRO operation specializes in a variety of critical machining functions and extensive inspection applications for the global aviation industry.

 

In February 2021, GE Aviation and Etihad Airways partnered to launch GE’s 360 Foam Wash, a groundbreaking jet engine cleaning system, to optimize performance of Etihad’s GE90 and GEnx-1B engines on its Boeing 777 and 787 fleets.

 

By Component

  • Engine MRO
  • Avionics MRO
  • Airframe MRO
  • Cabin MRO
  • Landing Gear MRO
  • Others


By Aircraft Type

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft


By End-User

  • Commercial
  • Military


By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia 
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • AAR
  • Barnes Group Inc
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce plc.
  • Singapore Technologies Engineering Ltd
  • Turkish Technic Inc.

1.            Introduction

1.1       Study Scope

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       Porter’s Five Forces Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.            Aircraft MRO Market – Key Market 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 – Global Market Analysis

6.1       Global Aircraft MRO Market Overview

6.2       Global Aircraft MRO Market Revenue Forecast and Analysis

6.3       Market Positioning – Five Key Players

7.            Aircraft MRO Market Revenue and Forecast to 2028 – Component

7.1       Overview

7.2       Global Aircraft MRO Market Breakdown, by Component, 2018 and 2028

7.3       Engine MRO

7.3.1        Overview

7.3.2        Engine MRO Market Forecast and Analysis

7.4       Avionics MRO

7.4.1        Overview

7.4.2        Avionics MRO Market Forecast and Analysis

7.5       Airframe MRO

7.5.1        Overview

7.5.2        Airframe MRO Market Forecast and Analysis

7.6       Cabin MRO

7.6.1        Overview

7.6.2        Cabin MRO Market Forecast and Analysis

7.7       Landing Gear MRO

7.7.1        Overview

7.7.2        Landing Gear MRO Market Forecast and Analysis

7.8       Other

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 2028

8.3       Fixed Wing

8.3.1        Overview

8.3.2        Fixed Wing Market Revenue and Forecast to 2028 (US$ Bn)

8.4       Rotary Wing

8.4.1        Overview

8.4.2        Rotary Wing Market Revenue and Forecast to 2028 (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 2028

9.3       Commercial

9.3.1        Overview

9.3.2        Commercial Market Forecast and Analysis

9.4       Military

9.4.1        Overview

9.4.2        Military Market Forecast and Analysis

10.         Aircraft MRO Market – Geographic Analysis

10.1    Overview

10.2    North America: Aircraft MRO Market

10.2.1     North America: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.2.2     North America: Aircraft MRO Market, by Component

10.2.3     North America: Aircraft MRO Market, by Aircraft Type

10.2.4     North America: Aircraft MRO Market, by End-User

10.2.5     North America: Aircraft MRO Market, by Key Country

10.2.5.1   US: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.2.5.1.1    US: Aircraft MRO Market, by Component

10.2.5.1.2    US: Aircraft MRO Market, by Aircraft Type

10.2.5.1.3    US: Aircraft MRO Market, by End-User

10.2.5.2   Canada: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.2.5.2.1    Canada: Aircraft MRO Market, by Component

10.2.5.2.2    Canada: Aircraft MRO Market, by Aircraft Type

10.2.5.2.3    Canada: Aircraft MRO Market, by End-User

10.2.5.3   Mexico: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.2.5.3.1    Mexico: Aircraft MRO Market, by Component

10.2.5.3.2    Mexico: Aircraft MRO Market, by Aircraft Type

10.2.5.3.3    Mexico: Aircraft MRO Market, by End-User

10.3    Europe: Aircraft MRO Market

10.3.1     Europe: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.3.2     Europe: Aircraft MRO Market, by Component

10.3.3     Europe: Aircraft MRO Market, by Aircraft Type

10.3.4     Europe: Aircraft MRO Market, by End-User

10.3.5     Europe: Aircraft MRO Market, by Key Country

10.3.5.1   Germany: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.3.5.1.1    Germany: Aircraft MRO Market, by Component

10.3.5.1.2    Germany: Aircraft MRO Market, by Aircraft Type

10.3.5.1.3    Germany: Aircraft MRO Market, by End-User

10.3.5.2   UK: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.3.5.2.1    UK: Aircraft MRO Market, by Component

10.3.5.2.2    UK: Aircraft MRO Market, by Aircraft Type

10.3.5.2.3    UK: Aircraft MRO Market, by End-User

10.3.5.3   France: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.3.5.3.1    France: Aircraft MRO Market, by Component

10.3.5.3.2    France: Aircraft MRO Market, by Aircraft Type

10.3.5.3.3    France: Aircraft MRO Market, by End-User

10.3.5.4   Italy: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.3.5.4.1    Italy: Aircraft MRO Market, by Component

10.3.5.4.2    Italy: Aircraft MRO Market, by Aircraft Type

10.3.5.4.3    Italy: Aircraft MRO Market, by End-User

10.3.5.5   Russia: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.3.5.5.1    Russia: Aircraft MRO Market, by Component

10.3.5.5.2    Russia: Aircraft MRO Market, by Aircraft Type

10.3.5.5.3    Russia: Aircraft MRO Market, by End-User

10.3.5.6   Rest of Europe: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.3.5.6.1    Rest of Europe: Aircraft MRO Market, by Component

10.3.5.6.2    Rest of Europe: Aircraft MRO Market, by Aircraft Type

10.3.5.6.3    Rest of Europe: Aircraft MRO Market, by End-User

10.4    APAC: Aircraft MRO Market

10.4.1     APAC: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.4.2     APAC: Aircraft MRO Market, by Component

10.4.3     APAC: Aircraft MRO Market, by Aircraft Type

10.4.4     APAC: Aircraft MRO Market, by End-User

10.4.5     APAC: Aircraft MRO Market, by Key Country

10.4.5.1   China: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.4.5.1.1    China: Aircraft MRO Market, by Component

10.4.5.1.2    China: Aircraft MRO Market, by Aircraft Type

10.4.5.1.3    China: Aircraft MRO Market, by End-User

10.4.5.2   Japan: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.4.5.2.1    Japan: Aircraft MRO Market, by Component

10.4.5.2.2    Japan: Aircraft MRO Market, by Aircraft Type

10.4.5.2.3    Japan: Aircraft MRO Market, by End-User

10.4.5.3   India: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.4.5.3.1    India: Aircraft MRO Market, by Component

10.4.5.3.2    India: Aircraft MRO Market, by Aircraft Type

10.4.5.3.3    India: Aircraft MRO Market, by End-User

10.4.5.4   South Korea: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.4.5.4.1    South Korea: Aircraft MRO Market, by Component

10.4.5.4.2    South Korea: Aircraft MRO Market, by Aircraft Type

10.4.5.4.3    South Korea: Aircraft MRO Market, by End-User

10.4.5.5   Australia: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.4.5.5.1    Australia: Aircraft MRO Market, by Component

10.4.5.5.2    Australia: Aircraft MRO Market, by Aircraft Type

10.4.5.5.3    Australia: Aircraft MRO Market, by End-User

10.4.5.6   Rest of APAC: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.4.5.6.1    Rest of APAC: Aircraft MRO Market, by Component

10.4.5.6.2    Rest of APAC: Aircraft MRO Market, by Aircraft Type

10.4.5.6.3    Rest of APAC: Aircraft MRO Market, by End-User

10.5    MEA: Aircraft MRO Market

10.5.1     MEA: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.5.2     MEA: Aircraft MRO Market, by Component

10.5.3     MEA: Aircraft MRO Market, by Aircraft Type

10.5.4     MEA: Aircraft MRO Market, by End-User

10.5.5     MEA: Aircraft MRO Market, by Key Country

10.5.5.1   South Africa: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.5.5.1.1    South Africa: Aircraft MRO Market, by Component

10.5.5.1.2    South Africa: Aircraft MRO Market, by Aircraft Type

10.5.5.1.3    South Africa: Aircraft MRO Market, by End-User

10.5.5.2   UAE: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.5.5.2.1    UAE: Aircraft MRO Market, by Component

10.5.5.2.2    UAE: Aircraft MRO Market, by Aircraft Type

10.5.5.2.3    UAE: Aircraft MRO Market, by End-User

10.5.5.3   Saudi Arabia: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.5.5.3.1    Saudi Arabia: Aircraft MRO Market, by Component

10.5.5.3.2    Saudi Arabia: Aircraft MRO Market, by Aircraft Type

10.5.5.3.3    Saudi Arabia: Aircraft MRO Market, by End-User

10.5.5.4   Rest of MEA: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.5.5.4.1    Rest of MEA: Aircraft MRO Market, by Component

10.5.5.4.2    Rest of MEA: Aircraft MRO Market, by Aircraft Type

10.5.5.4.3    Rest of MEA: Aircraft MRO Market, by End-User

10.6    SAM: Aircraft MRO Market

10.6.1     SAM: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.6.2     SAM: Aircraft MRO Market, by Component

10.6.3     SAM: Aircraft MRO Market, by Aircraft Type

10.6.4     SAM: Aircraft MRO Market, by End-User

10.6.5     SAM: Aircraft MRO Market, by Key Country

10.6.5.1   Brazil: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.6.5.1.1    Brazil: Aircraft MRO Market, by Component

10.6.5.1.2    Brazil: Aircraft MRO Market, by Aircraft Type

10.6.5.1.3    Brazil: Aircraft MRO Market, by End-User

10.6.5.2   Argentina: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.6.5.2.1    Argentina: Aircraft MRO Market, by Component

10.6.5.2.2    Argentina: Aircraft MRO Market, by Aircraft Type

10.6.5.2.3    Argentina: Aircraft MRO Market, by End-User

10.6.5.3   Rest of SAM: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

10.6.5.3.1    Rest of SAM: Aircraft MRO Market, by Component

10.6.5.3.2    Rest of SAM: Aircraft MRO Market, by Aircraft Type

10.6.5.3.3    Rest of SAM: Aircraft MRO Market, by End-User

11.         Aircraft MRO Market - COVID-19 Impact Analysis

11.1    Overview

11.2    Impact of COVID-19 Pandemic on Global Aircraft MRO Market

11.2.1     North America: Impact Assessment of COVID-19 Pandemic

11.2.2     Europe: Impact Assessment of COVID-19 Pandemic

11.2.3     Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.2.4     Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11.2.5     South America: Impact Assessment of COVID-19 Pandemic

12.         Industry Landscape

12.1    Overview

12.2    Market Initiative

12.3    Merger and Acquisition

13.         Company Profiles

13.1    AAR

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    Barnes Group Inc

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    GE Aviation

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    FLTechnics, UAB.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    Turkish Technic Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    Singapore Technologies Engineering Ltd

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    Lufthansa Technik

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    Delta TechOps

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    Rolls-Royce plc.

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 Collins Aerospace

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.         Appendix

14.1    About The Insight Partners

14.2    Word Index

LIST OF TABLES

Table 1.            Global Aircraft MRO Market Revenue and Forecast to 2028 (US$ Billion)

Table 2.            North America: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 3.            North America: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 4.            North America: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 5.            North America: Aircraft MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)

Table 6.            US: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 7.            US: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 8.            US: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 9.            Canada: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 10.          Canada: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 11.          Canada: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 12.          Mexico: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 13.          Mexico: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 14.          Mexico: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 15.          Europe: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 16.          Europe: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 17.          Europe: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 18.          Europe: Aircraft MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)

Table 19.          Germany: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 20.          Germany: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 21.          Germany: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 22.          UK: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 23.          UK: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 24.          UK: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 25.          France: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 26.          France: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 27.          France: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 28.          Italy: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 29.          Italy: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 30.          Italy: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 31.          Russia: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 32.          Russia: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 33.          Russia: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 34.          Rest of Europe: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 35.          Rest of Europe: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 36.          Rest of Europe: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 37.          APAC: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 38.          APAC: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 39.          APAC: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 40.          APAC: Aircraft MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)

Table 41.          China: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 42.          China: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 43.          China: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 44.          Japan: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 45.          Japan: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 46.          Japan: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 47.          India: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 48.          India: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 49.          India: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 50.          South Korea: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 51.          South Korea: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 52.          South Korea: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 53.          Australia: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 54.          Australia: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 55.          Australia: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 56.          Rest of APAC: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 57.          Rest of APAC: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 58.          Rest of APAC: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 59.          MEA: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 60.          MEA: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 61.          MEA: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 62.          MEA: Aircraft MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)

Table 63.          South Africa: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 64.          South Africa: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 65.          South Africa: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 66.          UAE: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 67.          UAE: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 68.          UAE: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 69.          Saudi Arabia: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 70.          Saudi Arabia: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 71.          Saudi Arabia: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 72.          Rest of MEA: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 73.          Rest of MEA: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 74.          Rest of MEA: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 75.          SAM: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 76.          SAM: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 77.          SAM: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 78.          SAM: Aircraft MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)

Table 79.          Brazil: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 80.          Brazil: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 81.          Brazil: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 82.          Argentina: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 83.          Argentina: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 84.          Argentina: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 85.          Rest of SAM: Aircraft MRO Market, by Component – Revenue and Forecast to 2028 (US$ Billion)

Table 86.          Rest of SAM: Aircraft MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)

Table 87.          Rest of SAM: Aircraft MRO Market, by End-User – Revenue and Forecast to 2028 (US$ Billion)

Table 88.          List of Abbreviation

 

LIST OF FIGURES

Figure 1.           Aircraft MRO Market Segmentation

Figure 2.           Aircraft MRO Market Segmentation – By Geography

Figure 3.           Global Aircraft MRO Market Overview

Figure 4.           Aircraft MRO Market, by Component

Figure 5.           Aircraft MRO Market, by Aircraft Type

Figure 6.           Aircraft MRO Market, by End-User

Figure 7.           Aircraft MRO Market, By Geography

Figure 8.           Porter’s Five Forces Analysis

Figure 9.           Aircraft MRO Market- Ecosystem Analysis

Figure 10.        Aircraft MRO Market Impact Analysis of Driver and Restraints

Figure 11.        Geographic Overview of Aircraft MRO Market

Figure 12.        Global Aircraft MRO Market Revenue Forecast and Analysis (US$ Billion)

Figure 13.        Global Aircraft MRO Market Breakdown, by Component, 2018 and 2028(%)

Figure 14.        Engine MRO Market Revenue and Forecast to 2028 (US$ Bn)

Figure 15.        Avionics MRO Market Revenue and Forecast to 2028 (US$ Bn)

Figure 16.        Airframe MRO Market Revenue and Forecast to 2028 (US$ Bn)

Figure 17.        Cabin MRO Market Revenue and Forecast to 2028 (US$ Bn)

Figure 18.        Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Bn)

Figure 19.        Other Market Revenue and Forecast to 2028 (US$ Bn)

Figure 20.        Aircraft MRO Market Breakdown, by Aircraft Type, 2018 and 2028 (%)

Figure 21.        Fixed Wing Market Revenue and Forecast to 2028 (US$ Bn)

Figure 22.        Rotary Wing Market Revenue and Forecast to 2028 (US$ Bn)

Figure 23.        Aircraft MRO Market Breakdown, by End-User, 2018 and 2028(%)

Figure 24.        Commercial Market Revenue and Forecast to 2028 (US$ Bn)

Figure 25.        Military Market Revenue and Forecast to 2028 (US$ Bn)

Figure 26.        Global Aircraft MRO Market Revenue Share, By Region (2020 and 2028)

Figure 27.        North America: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 28.        North America: Aircraft MRO Market Revenue Share, by Component (2020 and 2028)

Figure 29.        North America: Aircraft MRO Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 30.        North America: Aircraft MRO Market Revenue Share, by End-User (2020 and 2028)

Figure 31.        North America: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)

Figure 32.        US: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 33.        Canada: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 34.        Mexico: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 35.        Europe: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 36.        Europe: Aircraft MRO Market Revenue Share, by Component (2020 and 2028)

Figure 37.        Europe: Aircraft MRO Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 38.        Europe: Aircraft MRO Market Revenue Share, by End-User (2020 and 2028)

Figure 39.        Europe: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)

Figure 40.        Germany: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 41.        UK: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 42.        France: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 43.        Italy: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 44.        Russia: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 45.        Rest of Europe: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 46.        APAC: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 47.        APAC: Aircraft MRO Market Revenue Share, by Component (2020 and 2028)

Figure 48.        APAC: Aircraft MRO Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 49.        APAC: Aircraft MRO Market Revenue Share, by End-User (2020 and 2028)

Figure 50.        APAC: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)

Figure 51.        China: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 52.        Japan: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 53.        India: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 54.        South Korea: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 55.        Australia: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 56.        Rest of APAC: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 57.        MEA: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 58.        MEA: Aircraft MRO Market Revenue Share, by Component (2020 and 2028)

Figure 59.        MEA: Aircraft MRO Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 60.        MEA: Aircraft MRO Market Revenue Share, by End-User (2020 and 2028)

Figure 61.        MEA: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)

Figure 62.        South Africa: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 63.        UAE: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 64.        Saudi Arabia: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 65.        Rest of MEA: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 66.        SAM: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 67.        SAM: Aircraft MRO Market Revenue Share, by Component (2020 and 2028)

Figure 68.        SAM: Aircraft MRO Market Revenue Share, by Aircraft Type (2020 and 2028)

Figure 69.        SAM: Aircraft MRO Market Revenue Share, by End-User (2020 and 2028)

Figure 70.        SAM: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)

Figure 71.        Brazil: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 72.        Argentina: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 73.        Rest of SAM: Aircraft MRO Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 74.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 75.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 76.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 77.        Impact of COVID-19 Pandemic in Middle East & Africa Country Markets

Figure 78.            Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Aircraft MRO Market

  1. AAR
  2. Barnes Group Inc
  3. Collins Aerospace
  4. Delta TechOps
  5. FLTechnics, UAB.
  6. GE Aviation
  7. Lufthansa Technik
  8. Rolls-Royce plc.
  9. Singapore Technologies Engineering Ltd
  10. Turkish Technic Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global aircraft MRO market.

  • 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 global automated waste collection system market, thereby allowing players across the value chain 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 client products, segmentation, pricing, and distribution.

 

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Frequently Asked Questions

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 the aircraft technologies is resulting in 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 aircrafts 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.

The immense growth of low-cost carriers has been the main driver of air traffic growth in the Asia region. Thus, potential countries in terms of the aviation industry in Asia region, such as India, China, Singapore, Japan, Thailand, and others, generate more revenue for the aircraft MRO market in the APAC region. China is the second-largest defense spending nation after the US. China invest substantial amounts in its defense forces which enable the air force to procure new aircraft fleets and opt for maintenance, repair and overhaul activities.

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, greater is the need for maintenance and repair activities of aircraft engines.

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