Airframe MRO Market to 2030 | Growth, Size, Share, Trends

Airframe MRO Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Aircraft Type (Fixed-Wing Aircraft and Rotary-Wing Aircraft) and Component (Fuselage, Wings and Rotors, Landing Gear, and Others)

  • Report Code : TIPRE00031437
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 151
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The airframe MRO market was valued at US$ 23,657.85 million in 2022 and is projected to reach US$ 32,896.27 million by 2030; it is expected to record a CAGR of 4.2% from 2022 to 2030.

Analyst Perspective:

The global airframe MRO market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The global air passenger traffic is rising at a constant pace, which has forced the airlines to increase their flight movements and introduce new aircraft. Airframe MRO activities are essential in maintaining component availability, consistency, and quality. Airline operators depend on MRO services to ensure the safety of the aircraft and enhance fuel efficiency. The airframe MRO market has become a viable business in the aviation industry since original equipment manufacturers (OEMs) mainly focus on the development of aircraft. In most regions, economic performance has been remarkable over the last few years, primarily due to better consumer buying power, growing equity markets, and industry consolidation. Even with Brexit and various other trade barriers, the market has remained relatively stable.

The aviation industry will continue to grow in the coming years, owing to the rise in the global middle-class population. According to the report published by IATA in December 2022, passenger traffic recovered from 41.7% of 2019 volumes in 2021 and further increased by 68.5% in 2022. International passenger traffic more than doubled, with 152.7% YoY growth in 2022. Hence, the demand for maintenance and repair services of aircraft components is expected to continue growing in the coming years. APAC is anticipated to witness growth in the market, particularly in India and China. The government of China and various organizations are focused on 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 will fuel the airframe MRO market growth. In the near future, Singapore, Malaysia, and other countries in the Rest of APAC are likely to be the major global airframe MRO markets.

Market Overview:

The maintenance, repair, and overhaul (MRO) of an airframe or its component can help businesses maintain their functions for the long term. As a result, aviation manufacturers majorly focus on creating appropriate business processes and infrastructure. Governments of various countries across the globe are highly engaged in investing in aviation infrastructure to deliver better MRO services. They also plan to develop the airports as MRO hubs, integrating all the capabilities, facilities, and warehouses in the facility to offer high-quality services to aircraft. Several engine development programs are being adopted, owing to the ever-increasing spending toward aircraft modernization, norms and regulations, and environmental concerns for the retirement of older fleets. Most of the engine manufacturers are robustly focusing on the development of economical and efficient engines for new aircraft fleets. The procurement of advanced aircraft parts is expected to double in the next few years, which will result in the retirement of older planes across the globe. Further, the integration of the Internet of Things (IoT), blockchain, artificial intelligence (AI), and other advanced technologies into aircraft is boosting the need for high-quality maintenance services, which is fueling the airframe MRO market.

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Airframe MRO Market: Strategic Insights

Market Size Value inUS$ 23,657.85 million in 2022
Market Size Value byUS$ 32,896.27 million by 2030
Growth rateCAGR of 4.2% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Market Driver:

Wide Presence of MRO Service Providers in Emerging Economies is Boosting Airframe MRO Market Growth

With the rapidly growing aviation industry over the past few years, the demand for airline MRO services is also increasing. Emerging economies, especially in APAC, are highly focused on extending MRO services to commercial as well as military aircraft companies. Major airframe 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 increase in passenger count are the factors propelling the adoption of aircraft maintenance services. The Rest of APAC countries, which include Singapore, Malaysia, and Thailand, produce a large amount of revenue due to the presence of well-established MRO hubs. For instance, Singapore dominates the Rest of APAC in terms of MRO hubs, and major market players such as GE Aviation, Airbus, and Rolls-Royce have substantial footprints in the country. According to the Wisconsin Economic Development Corporation (WEDC), Singapore houses 120 aerospace companies, which accounts for one-quarter of the APAC airframe MRO market. Thus, the growing expansion of MRO companies in emerging economies owing to the expanding aviation industry is driving the airframe MRO market.

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Segmental Analysis:

Based on aircraft type, the airframe MRO market share is bifurcated into fixed-wing aircraft and rotary-wing aircraft. The fixed-wing aircraft segment holds a larger share owing to rising demand for commercial aircraft for passengers traveling across the globe. 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 share. 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.

Segmental Analysis:
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Regional Analysis:

The aerospace sector in Canada has been experiencing significant growth in recent years owing to the emergence of several component manufacturers, aircraft OEMs, airframe MRO market players, and aircraft technology developers. Bombardier, the largest Canadian aircraft manufacturer, allows MRO activities of its aircraft along with Boeing and Airbus aircraft. This factor propels the airframe MRO market share in the country. Several other independent MRO providers operate in the country, enabling Canadian aircraft operating agencies to opt for the maintenance of their respective aircraft fleets. In September 2017, Air Canada, the flagship carrier of Canada, signed a five-year maintenance contract with AAR Corp. Further, in February 2020, AAR signed a letter of intent with Air Canada regarding a 10-year, renewable agreement for airframe maintenance. Most of the MRO spending is attributed to the rising trend among the airlines to expand their business from aircraft operation to aircraft maintenance. As the airlines evaluate their expenditures associated with supply chain risk and total turnaround time, the option to outsource is not being chosen as frequently as it was a few years ago.

Key Player Analysis:

AAR, Barnes Group Inc, Collins Aerospace, Delta TechOps, FLTechnics, GE Aviation, Lufthansa Technik, Rolls-Royce plc, Singapore Technologies Engineering Ltd, and Turkish Technic Inc are among the key market players with significant market share that are profiled in this airframe MRO market study.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global airframe MRO market. A few recent developments by key the airframe MRO market players are listed below:





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.

North America


AAR CORP, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has acquired Trax USA Corp., a leading independent provider of aircraft MRO and fleet management software.

North America

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Aircraft Type, and Component

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions

What are reasons behind the airframe MRO market growth?

Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. As a result, aircraft spend more time in the air and require frequent maintenance checks to ensure their airworthiness. As more people choose air travel, airlines are operating more flights with shorter turnaround times between departures.

What are market opportunities for the airframe 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.

Who are the major vendors in the airframe MRO market?

AAR, Barnes Group Inc, Collins Aerospace, GE Aviation, Lufthansa Technik, and Turkish Technic Inc are the key market players operating in the global airframe MRO market.

What is the future trend for the airframe MRO market?

MRO services in the aviation industry play a key role in assuring the durability, safety, and profitability of commercial airlines and military forces. 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.

Which region to dominate the airframe MRO market in the forecast period?

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in the fuel card market for the aviation sector. The North America aviation fuel card industry is mainly driven by the growing awareness of the fuel card concept. Moreover, the growing aviation industry in countries such as the US and Canada is further driving the aviation fuel card market.

The List of Companies - Airframe MRO Market

  1. AAR
  2. Barnes Group Inc
  3. Collins Aerospace
  4. Delta TechOps
  5. FLTechnics
  6. GE Aviation
  7. Lufthansa Technik
  8. Rolls-Royce plc
  9. Singapore Technologies Engineering Ltd
  10. Turkish Technic Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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