Airframe MRO Market Trends, Size, Analysis, Top Players 2030
The Airframe MRO Market size is projected to reach US$ 134,072.28 million by 2030 from US$ 91,158.12 million in 2022. The market is expected to register a CAGR of 4.9% in 2022–2030. The MRO service providers are incorporating 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 airframe MRO market.
Airframe MRO Market Analysis
In the past few years, a significant increase in air traffic has been observed in developed countries such as the US, Canada, and the UK, owing to the growing number of passengers who prefer air travel. For instance, according to the report published by the US Department of Transportation in January 2023, the number of air passengers in 2021 was 590.35 million, which increased by 55.33% to 917.02 million in 2022. Thus, the demand for aircraft is experiencing a constant rise, particularly from airlines in developing economies. The growing aircraft feet across the commercial and defense sectors require regular maintenance and repair activities, which, in turn, is expected to fuel the airframe MRO market. The fixed-wing aircraft dominates the airframe MRO market owing to the increasing number of customers globally. Also, the fleet size of rotary-wing aircraft is increasing due to the growing applications in travel & tourism, emergency medical services, and military sectors. The increasing fleet of fixed-wing and rotary-wing aircraft across the globe drives the airframe MRO market.
Airframe MRO Market Overview
The airworthiness of an aircraft can be achieved by scheduling MRO activities of its components at regular intervals. The airframe MRO market has been analyzed on the basis of revenue generated from these MRO activities. The demand for each component’s MRO service is currently at a constant rise and is expected to grow at a steady rate during the forecast period. The cost incurred in fuselage MRO facilitates service providers to generate significantly higher revenues than other components. The cost incurred in maintaining aircraft fuselage rise in new and aged aircraft fleets, which fuels the market for the fuselage segment, and it is foreseen to continue growing during the forecast period. Thus, the fuselage segment is expected to capture the largest market share in 2022 and is also likely to record the highest CAGR from 2022 to 2030. In addition, the future of landing gear and wings and rotors segments also seems to be promising.
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Airframe MRO Market: Strategic Insights
Airframe MRO Market
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![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2022-2030)
4.9%
-
Market Size 2022
US$ 91,158.12 Million
-
Market Size 2030
US$ 134,072.28 Million
Market Dynamics
GROWTH DRIVERS
- Increasing Air Travel
- Wide Presence of MRO Service Providers in Emerging Economies
- Growing Integration of Digital Technology in MRO Industry
FUTURE TRENDS
- Blockchain Technology Changing MRO Landscape
OPPORTUNITIES
- Retrofitting of Older Aircraft Fleet
- Increasing Adoption of Sustainable Aviation Fuel (SAF)
Key Players
- AAR Corp
- Barnes Group Inc
- Collins Aerospace
- Delta TechOps
- FLTechnics
- UAB
- GE Aviation
- Lufthansa Technik
- Rolls-Royce plc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Aircraft Type
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Component
- Fuselage
- Wings & Rotors
- Landing Gear
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Airframe MRO Market: Strategic Insights
-
CAGR (2022-2030)4.9% -
Market Size 2022
US$ 91,158.12 Million -
Market Size 2030
US$ 134,072.28 Million
![](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- Increasing Air Travel
- Wide Presence of MRO Service Providers in Emerging Economies
- Growing Integration of Digital Technology in MRO Industry
- Blockchain Technology Changing MRO Landscape
- Retrofitting of Older Aircraft Fleet
- Increasing Adoption of Sustainable Aviation Fuel (SAF)
Key Players
- AAR Corp
- Barnes Group Inc
- Collins Aerospace
- Delta TechOps
- FLTechnics
- UAB
- GE Aviation
- Lufthansa Technik
- Rolls-Royce plc
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Fixed Wing Aircraft
- Rotary Wing Aircraft
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Fuselage
- Wings & Rotors
- Landing Gear
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Airframe MRO Market Drivers and Opportunities
Growing Integration of Digital Technology in MRO Industry
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. Data-driven technologies such as data analytics, which help in tracking airframe MRO activities in real-time, also optimize the air travel experience of crew and passengers. AI, machine learning, and other advanced technologies facilitate the airline crew and management to understand the airworthiness of the aircraft. For instance, in March 2020, the US Air Force's Air Education and Training Command (AETC) started developing a new competency-based virtual and augmented reality (VR/AR) training solution for aircraft maintenance.
Blockchain Technology Changing MRO Landscape
MRO services in the aviation industry play a key role in assuring the durability, safety, and profitability of commercial and military airlines. To maintain their market position in the future, businesses should adopt flexibility toward adapting new and trending technologies, which can help digitalize their business processes, thereby reducing the dependency on manual labor/employees. Advanced technologies such as blockchain improve processes in MRO organizations. The adoption of blockchain technology has been low so far; however, this technology is expected to play a major role in the overall growth of the airframe MRO market in the coming years. With the integration of blockchain technology, companies can record the configuration details of MRO components. This also makes the documentation process across component manufacturers and MRO service providers effortless. Additionally, the deployment of this technology enables MRO service providers to offer verifiable documentation about the parts they have installed, thereby maintaining transparency in their operations.
Airframe MRO Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Airframe MRO Market analysis are aircraft type, component, and geography.
- Based on aircraft, the Airframe MRO Market has been segmented into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held a larger market share in 2022.
- By component, the Airframe MRO Market has been segmented into fuselage, wings & rotors, landing gear, and others. The fuselage segment held the largest share of the market in 2022.
Airframe MRO Market Share Analysis by Geography
The geographic scope of the Airframe MRO Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific (APAC) has dominated the Airframe MRO Market in 2022, and it is expected to experience highest CAGR during the forecast period as well. APAC has had a strong import of advanced commercial aircraft in the past few years owing to an increase in international travelers in countries such as India, China, Japan, and Taiwan. Owing to the increasing count of aircraft and airports, the demand for airframe MRO services is likely to increase during the forecast period. The region is expected to account for ~40% of the future airline production to cater to the aircraft demand. The increasing number of airports and rising regional flight transportation between Asian countries are encouraging the demand for airframe MRO services and systems to perform safer operations
Airframe MRO Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 91,158.12 Million |
Market Size by 2030 | US$ 134,072.28 Million |
Global CAGR (2022-2030) | 4.9% |
Historical Data | 2020-2021 |
Forecast period | 2022-2030 |
Segments Covered |
By Aircraft Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Airframe MRO Market News and Recent Developments
The Airframe MRO Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for airframe MRO market and strategies:
- In June 2023, AAR Corp, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced it has signed an agreement with United Airlines to extend its existing airframe MRO services relationship through 2030 and expand its heavy maintenance commitments. (Source: AAR Corp, Press Release/Company Website/Newsletter)
- In August 2023, FL Technics Indonesia (PT Avia Technics Dirgantara), a subsidiary of FL Technics, a leading aircraft maintenance solutions group, and PT Angkasa Pura Properti, together with PT Angkasa Pura I (Persero), started the development of 17,000 sq. m. aircraft MRO hub, the first at I Gusti Ngurah Rai International Airport (DPS) in Bali. FL Technics is set to invest US$ 25 million in the initial stage to undertake an MRO construction and development project set to be finished in a year. (Source: FL Technics, Press Release/Company Website/Newsletter)
Airframe MRO Market Report Coverage and Deliverables
The “Airframe MRO Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Aircraft Type, and Component
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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to country scope.