The aircraft engine MRO market size was valued at US$ 32.04 Billion by 2028 from US$ 22.15 Billion in 2021; it is expected to grow at a CAGR of 5.7% during 2022-2028.
Aircraft engine MRO involves the service, repair, and inspection of engines to ensure that the aircraft is safe and airworthy as per international standards. Aircraft engine MRO services are offered for civil and military aircraft. The aircraft engine MRO market is developing at a fast rate due to rising MRO outsourcing activities and rapidly growing aircraft fleet expansion. Moreover, the advancement of next-generation aircraft engines is contributing to the growth of the aircraft engine MRO market. The utilization of the new ultra-high bypass ratio turbofan engines in aircraft also provoked the need to upgrade and work on the engine's frameworks and equipment.
Aircraft engine MRO providers are offering several services, such as routine engine maintenance. Some aircraft engine providers focus on manufacturing one or two engines, whereas others have large engine portfolios for multiple uses. All the aircraft engines require routine maintenance and daily check before aircraft fly. In transition, the aircraft fleet redefines the aircraft engine MRO market because of many permanent retirements of older aircraft.
The aircraft engine MRO market players are implementing strategies to increase their market share. For instance, in May 2021, COOPESA, a Costa Rica-based MRO provider, partnered with Boeing to provide MRO service to Boeing's two new conversion lines for 737-800 converted freighters.
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Aircraft Engine MRO Market: Strategic Insights
Market Size Value in US$ 22.15 Billion in 2021 Market Size Value by US$ 32.04 Billion by 2028 Growth rate CAGR of 5.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Aircraft Engine MRO Market: Strategic Insights
| Market Size Value in | US$ 22.15 Billion in 2021 |
| Market Size Value by | US$ 32.04 Billion by 2028 |
| Growth rate | CAGR of 5.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Aircraft Engine MRO Market Growth
The COVID-19 outbreak adversely affected the world and disrupted several countries' economic conditions. Before the outbreak, the aerospace industry was experiencing substantial growth in terms of production.
Furthermore, the reduction in commercial aircraft and general aviation deliveries due to the industry crisis caused by the COVID-19 pandemic declined the demand for aircraft engine MRO. Hence, there was no requirement for MRO, which negatively impacted the aircraft engine MRO market in 2020. About 22,950 fleets were in service at the beginning of 2020. More than 17,000 airliners were idled due to the COVID-19 pandemic in 2020. However, the number of single-engine piston aircraft witnessed an increase in the number of its deliveries during 2020.
The aircraft engine MRO market has been witnessing recovery since 2021. After being grounded for months, the aircraft required MRO before flying, which bolstered the growth of the market. Airbus delivered over 611 aircraft in 2021; most of them were A320neo and A321neo. Despite massive backlogs from aircraft manufacturers, the global aviation industry witnessed a significant rise in passenger count and aircraft procurement in 2021.
Lucrative Regions: Aircraft Engine MRO Market Share
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Market Insight – Aircraft Engine MRO Market
Resuming of Grounded Aircraft After 2020 is Driving the Aircraft Engine MRO Market
Resuming of Grounded Aircraft After 2020 is Driving the Aircraft Engine MRO Market
More than 17,000 aircraft were grounded worldwide in 2020. During the COVID-19 recovery period, the aviation industry is witnessing a gradual recovery, which is increasing aircraft movements worldwide and thus driving the growth of the aircraft engine MRO market. Aircraft manufacturers and military forces are implementing strategies to increase fleet expansion is contributing to the growth of the aircraft engine MRO market.
Several airline companies implemented various strategies to increase their aircraft engine MRO market share, such as mergers & acquisitions and lining up new flights. For instance, in 2020, Textron Aviation acquired Australian MRO service provider Premiair Aviation Maintenance. In March 2022, Malaysian and Turkish airlines announced that they are resuming their passenger flights in India after two years; Emirates is also restoring its pre-pandemic schedule of 172 flights per week. Thus, the increasing number of flights is significantly driving the aircraft engine MRO market growth.
Engine-based Insights
Based on engine, the aircraft engine MRO market is segmented into turbine engine and piston engine. According to the market research study, the turbine engine segment dominated the global aircraft MRO market in 2021 due to a higher preference for turbine engines for the most popular aircraft fleet worldwide, as most piston engines are used by small-sized general aviation aircraft. Also, the turbine engine segment is expected to grow faster than the piston engine segment. In June 2021, Duncan Aviation, and MRO service provider, provided MRO for Honeywell’s TFE731 aircraft engines.
Players operating in the market are mainly focused on the development of advanced and efficient products.
- In January 2022, Delta TechOps MRO Achieved Engine Test Certification for PW1500G Engines. On its new engine test cell, the largest MRO test cell globally, Delta TechOps received Engine Test Certification for the PW1500G engine in Atlanta.
- In 2021, Standard Aero and Mint Turbines were chosen by GE Aviation as their recommended MRO and limited scope service providers for the restricted category and public use T700 engine operators in the US, respectively.
The aircraft engine MRO market analysis is based on engine, application, and aircraft type. Based on engine, the aircraft engine MRO market is segmented into turbine engine and piston engine. In 2020, the turbine engine segment led the aircraft engine MRO market with a larger share. Based on application, the market is segmented into commercial aviation, general aviation, and military aviation. In 2020, the commercial segment accounted for the largest share in the global aircraft engine MRO market. Based on aircraft type, the market is segmented into fixed wing aircraft and rotary wing aircraft.
The fixed wing aircraft dominated the aircraft engine MRO market in 2020 with a larger share. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for a significant share of the aircraft engine MRO market.
The key aircraft engine MRO market players profiled in the study are Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation; and Rolls–Royce PLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Engine, Application, and Aircraft Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
More than 60% of the countries worldwide have announced a net-zero carbon emission. Companies, such as Honeywell Aerospace, are also committed to achieving net-zero carbon emissions by 2035. In November 2021, Bell Textron Inc. announced that Bell 525 completed its first flight utilizing sustainable aviation fuel. Boeing and Airbus have recently announced that by 2030, their aircraft will fly 100% on SAF. The US and Europe governments are encouraged to produce SAFs. These factors are propelling the aircraft engine MRO market substantially.
With the increase in air traffic and aircraft demand, air carriers are boosting their aircraft delivery. The demand for new airlines is not just coming from existing aircraft re-establishing their fleet but also from new low–cost aircraft entering the market. A repressed interest of leisure travelers being more cost-sensitive post-pandemic, decreased interest for business travel, and the adaptability of the minimal expense aircraft plan of action are surging the demand for MRO services.
On the basis of application, the commercial segment accounted for the largest share in 2020 in the global aircraft engine MRO market and is expected to retain its dominance over the forecast period as well. Moreover, general segment is expected to be the fastest growing segment during the forecast period according to the market research study.
The increasing demand of fuel efficient aircraft. Fuel-efficient aircraft is important due to the increasing price of oil, and airline manufacturers can save a significant amount of money by utilizing less fuel through better fuel–efficiency. If an aircraft uses less fuel, it will produce less CO2 emissions. Aircraft manufacturers are focusing on delivering more fuel-efficient aircraft in upcoming years. Aircraft manufacturers, such as Boeing and Airbus, are taking several initiatives, such as replacing old aircraft with new fuel–efficient aircraft and improving flight operations.
Asia Pacific dominated the aircraft engine MRO market in 2020 and it would continue to dominate the market during the forecast period. The Asia Pacific aircraft engine MRO market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. Significant military expenditure and defense R&D investments, and favorable government initiatives boost the growth of the aerospace and defense sector across emerging nations in Asia Pacific.
Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation and Rolls–Royce PLC are among the leading manufacturers in the aircraft engine MRO market.
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 Engine MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Aircraft Engine MRO Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Resuming of Grounded Aircraft Post–Pandemic is driving the Aircraft Engine MRO Market
5.1.2 Stringent Government Regulations Related to Carbon Emissions
5.2 Market Restraints
5.2.1 Suspension of older aircraft fleets is restraining the market growth
5.3 Market Opportunities
5.3.1 Expected Future Delivery of Aircraft will bring lucrative opportunity for Aircraft Engine MRO Market
5.4 Future Trends
5.4.1 The increasing demand for fuel–efficient aircraft
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Engine MRO Market – Global Market Analysis
6.1 Aircraft Engine MRO Market Overview
6.2 Aircraft Engine MRO Market Forecast and Analysis
6.3 Market Positioning – Global Key Players
7. Aircraft Engine MRO Market Analysis – By Engine
7.1 Overview
7.2 Aircraft Engine MRO Market, By Engine (2021 And 2028)
7.3 Turbine Engine
7.3.1 Overview
7.3.2 Turbine Engine : Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.3.3 Turboprop Engine
7.3.3.1 Overview
7.3.3.2 Turboprop Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.3.4 Turbofan Engine
7.3.4.1 Overview
7.3.4.2 Turbofan Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.3.5 Turboshaft Engine
7.3.5.1 Overview
7.3.5.2 Turboshaft Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.4 Piston Engine
7.4.1 Overview
7.5 Piston Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
8. Global Aircraft Engine MRO Market Analysis – By Application
8.1 Overview
8.2 Aircraft Engine MRO Market, By Application (2021 And 2028)
8.3 Commercial
8.3.1 Overview
8.4 Commercial: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
8.5 General
8.5.1 Overview
8.5.2 General: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
8.6 Military
8.6.1 Overview
8.6.2 Military: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
9. Global Aircraft Engine MRO Market Analysis – By Aircraft Type
9.1 Overview
9.2 Aircraft Engine MRO Market, By Aircraft Type (2021 And 2028)
9.3 Fixed Wing
9.3.1 Overview
9.3.2 Fixed Wing: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
9.4 Rotary Wing
9.4.1 Overview
9.4.2 Rotary Wing: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
10. Aircraft Engine MRO Market – Geographic Analysis
10.1 Overview
10.2 North America: Aircraft Engine MRO Market
10.2.1 North America: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.2 North America: Aircraft Engine MRO Market, by Engine
10.2.3 North America: Aircraft Engine MRO Market, by Turbine Engine
10.2.4 North America: Aircraft Engine MRO Market, by Application
10.2.5 North America: Aircraft Engine MRO Market, by Aircraft Type
10.2.6 North America: Aircraft Engine MRO Market, by Key Country
10.2.6.1 US: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.6.1.1 US: Aircraft Engine MRO Market, by Engine
10.2.6.1.2 US: Aircraft Engine MRO Market, by Turbine Engine
10.2.6.1.3 US: Aircraft Engine MRO Market, by Application
10.2.6.1.4 US: Aircraft Engine MRO Market, by Aircraft Type
10.2.6.2 Canada: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.6.2.1 Canada: Aircraft Engine MRO Market, by Engine
10.2.6.2.2 Canada: Aircraft Engine MRO Market, by Turbine Engine
10.2.6.2.3 Canada: Aircraft Engine MRO Market, by Application
10.2.6.2.4 Canada: Aircraft Engine MRO Market, by Aircraft Type
10.2.6.3 Mexico: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.6.3.1 Mexico: Aircraft Engine MRO Market, by Engine
10.2.6.3.2 Mexico: Aircraft Engine MRO Market, by Turbine Engine
10.2.6.3.3 Mexico: Aircraft Engine MRO Market, by Application
10.2.6.3.4 Mexico: Aircraft Engine MRO Market, by Aircraft Type
10.3 Europe: Aircraft Engine MRO Market
10.3.1 Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.2 Europe: Aircraft Engine MRO Market, by Engine
10.3.3 Europe: Aircraft Engine MRO Market, by Turbine Engine
10.3.4 Europe: Aircraft Engine MRO Market, by Application
10.3.5 Europe: Aircraft Engine MRO Market, by Aircraft Type
10.3.6 Europe: Aircraft Engine MRO Market, by Key Country
10.3.6.1 France: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.1.1 France: Aircraft Engine MRO Market, by Engine
10.3.6.1.2 France: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.1.3 France: Aircraft Engine MRO Market, by Application
10.3.6.1.4 France: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.2 Germany: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.2.1 Germany: Aircraft Engine MRO Market, by Engine
10.3.6.2.2 Germany: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.2.3 Germany: Aircraft Engine MRO Market, by Application
10.3.6.2.4 Germany: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.3 Italy: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.3.1 Italy: Aircraft Engine MRO Market, by Engine
10.3.6.3.2 Italy: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.3.3 Italy: Aircraft Engine MRO Market, by Application
10.3.6.3.4 Italy: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.4 UK: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.4.1 UK: Aircraft Engine MRO Market, by Engine
10.3.6.4.2 UK: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.4.3 UK: Aircraft Engine MRO Market, by Application
10.3.6.4.4 UK: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.5 Russia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.5.1 Russia: Aircraft Engine MRO Market, by Engine
10.3.6.5.2 Russia: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.5.3 Russia: Aircraft Engine MRO Market, by Application
10.3.6.5.4 Russia: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.6 Rest of Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.6.1 Rest of Europe: Aircraft Engine MRO Market, by Engine
10.3.6.6.2 Rest of Europe: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.6.3 Rest of Europe: Aircraft Engine MRO Market, by Application
10.3.6.6.4 Rest of Europe: Aircraft Engine MRO Market, by Aircraft Type
10.4 APAC: Aircraft Engine MRO Market
10.4.1 APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.2 APAC: Aircraft Engine MRO Market, by Engine
10.4.3 APAC: Aircraft Engine MRO Market, by Turbine Engine
10.4.4 APAC: Aircraft Engine MRO Market, by Application
10.4.5 APAC: Aircraft Engine MRO Market, by Aircraft Type
10.4.6 APAC: Aircraft Engine MRO Market, by Key Country
10.4.6.1 Australia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.1.1 Australia: Aircraft Engine MRO Market, by Engine
10.4.6.1.2 Australia: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.1.3 Australia: Aircraft Engine MRO Market, by Application
10.4.6.1.4 Australia: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.2 China: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.2.1 China: Aircraft Engine MRO Market, by Engine
10.4.6.2.2 China: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.2.3 China: Aircraft Engine MRO Market, by Application
10.4.6.2.4 China: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.3 India: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.3.1 India: Aircraft Engine MRO Market, by Engine
10.4.6.3.2 India: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.3.3 India: Aircraft Engine MRO Market, by Application
10.4.6.3.4 India: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.4 Japan: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.4.1 Japan: Aircraft Engine MRO Market, by Engine
10.4.6.4.2 Japan: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.4.3 Japan: Aircraft Engine MRO Market, by Application
10.4.6.4.4 Japan: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.5 South Korea: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.5.1 South Korea: Aircraft Engine MRO Market, by Engine
10.4.6.5.2 South Korea: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.5.3 South Korea: Aircraft Engine MRO Market, by Application
10.4.6.5.4 South Korea: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.6 Rest of APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.6.1 Rest of APAC: Aircraft Engine MRO Market, by Engine
10.4.6.6.2 Rest of APAC: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.6.3 Rest of APAC: Aircraft Engine MRO Market, by Application
10.4.6.6.4 Rest of APAC: Aircraft Engine MRO Market, by Aircraft Type
10.5 MEA: Aircraft Engine MRO Market
10.5.1 MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.2 MEA: Aircraft Engine MRO Market, By Engine
10.5.3 MEA: Aircraft Engine MRO Market, By Turbine Engine
10.5.4 MEA: Aircraft Engine MRO Market, By Application
10.5.5 MEA: Aircraft Engine MRO Market, By Aircraft Type
10.5.6 MEA: Aircraft Engine MRO Market, by Key Country
10.5.6.1 South Africa: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.1.1 South Africa: Aircraft Engine MRO Market, By Engine
10.5.6.1.2 South Africa: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.1.3 South Africa: Aircraft Engine MRO Market, By Application
10.5.6.1.4 South Africa: Aircraft Engine MRO Market, By Aircraft Type
10.5.6.2 Saudi Arabia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.2.1 Saudi Arabia: Aircraft Engine MRO Market, By Engine
10.5.6.2.2 Saudi Arabia: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.2.3 Saudi Arabia: Aircraft Engine MRO Market, By Application
10.5.6.2.4 Saudi Arabia: Aircraft Engine MRO Market, By Aircraft Type
10.5.6.3 UAE: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.3.1 UAE: Aircraft Engine MRO Market, By Engine
10.5.6.3.2 UAE: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.3.3 UAE: Aircraft Engine MRO Market, By Application
10.5.6.3.4 UAE: Aircraft Engine MRO Market, By Aircraft Type
10.5.6.4 Rest of MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.4.1 Rest of MEA: Aircraft Engine MRO Market, By Engine
10.5.6.4.2 Rest of MEA: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.4.3 Rest of MEA: Aircraft Engine MRO Market, By Application
10.5.6.4.4 Rest of MEA: Aircraft Engine MRO Market, By Aircraft Type
10.6 SAM: Aircraft Engine MRO Market
10.6.1 SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.2 SAM: Aircraft Engine MRO Market, By Engine
10.6.3 SAM: Aircraft Engine MRO Market, By Turbine Engine
10.6.4 SAM: Aircraft Engine MRO Market, By Application
10.6.5 SAM: Aircraft Engine MRO Market, By Aircraft Type
10.6.6 SAM: Aircraft Engine MRO Market, by Key Country
10.6.6.1 Brazil: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.6.1.1 Brazil: Aircraft Engine MRO Market, By Engine
10.6.6.1.2 Brazil: Aircraft Engine MRO Market, By Turbine Engine
10.6.6.1.3 Brazil: Aircraft Engine MRO Market, By Application
10.6.6.1.4 Brazil: Aircraft Engine MRO Market, By Aircraft Type
10.6.6.2 Rest of SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.6.2.1 Rest of SAM: Aircraft Engine MRO Market, By Engine
10.6.6.2.2 Rest of SAM: Aircraft Engine MRO Market, By Turbine Engine
10.6.6.2.3 Rest of SAM: Aircraft Engine MRO Market, By Application
10.6.6.2.4 Rest of SAM: Aircraft Engine MRO Market, By Aircraft Type
11. Aircraft Engine MRO Market- COVID-19 Impact Analysis
11.1 Overview
8.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.1 Europe: Impact Assessment of COVID-19 Pandemic
11.1.2 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.3 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.4 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Delta Air Line
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 GE Aviation
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 CFM International
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 Lufthansa Technik
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 MTU Aero Engines AG
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 Safran
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 SIA Engineering Company
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 Sigma Aerospace
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 Raytheon Technologies Corporation
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. Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 3. North America: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 4. North America: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 5. North America: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 6. US: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 7. US: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 8. US: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 9. US: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 10. Canada: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Canada: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 12. Canada: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Canada: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 14. Mexico: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 15. Mexico: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 16. Mexico: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 17. Mexico: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 18. Europe: Aircraft Engine MRO Market, by Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 19. Europe: Aircraft Engine MRO Market, by Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 20. Europe: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 21. Europe: Aircraft Engine MRO Market, by Aircraft Type– Revenue and Forecast to 2028 (US$ Billion)
Table 22. France: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 23. France: Aircraft Engine MRO Market, by Turbine Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 24. France: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 25. France: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 26. Germany: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 27. Germany: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 28. Germany: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 29. Germany: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 30. Italy: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 31. Italy: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 32. Italy: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 33. Italy: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 34. UK: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 35. UK: Aircraft Turbine Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 36. UK: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 37. UK: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 38. Russia: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 39. Russia: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 40. Russia: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 41. Russia: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 42. Rest of Europe: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 43. Rest of Europe: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 44. Rest of Europe: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 45. Rest of Europe: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 46. APAC: Aircraft Engine MRO Market, by Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 47. APAC: Aircraft Engine MRO Market, by Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 48. APAC: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 49. APAC: Aircraft Engine MRO Market, by Aircraft Type– Revenue and Forecast to 2028 (US$ Billion)
Table 50. Australia: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 51. Australia: Aircraft Engine MRO Market, by Turbine Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 52. Australia: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 53. Australia: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 54. China: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 55. China: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 56. China: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 57. China: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 58. India: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 59. India: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 60. India: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 61. India: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 62. Japan: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 63. Japan: Aircraft Turbine Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 64. Japan: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 65. Japan: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 66. South Korea: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 67. South Korea: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 68. South Korea: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 69. South Korea: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 70. Rest of APAC: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 71. Rest of APAC: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 72. Rest of APAC: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 73. Rest of APAC: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 74. MEA: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 75. MEA: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 76. MEA: Aircraft Engine MRO Market, By Application– Revenue and Forecast to 2028 (US$ Billion)
Table 77. MEA: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 78. MEA: Aircraft Engine MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)
Table 79. South Africa: Aircraft Engine MRO Market, By Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 80. South Africa: Aircraft Engine MRO Market, By Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 81. South Africa: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 82. South Africa: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 83. Saudi Arabia: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 84. Saudi Arabia: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 85. Saudi Arabia: Aircraft Engine MRO Market, By Application– Revenue and Forecast to 2028 (US$ Billion)
Table 86. Saudi Arabia: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 87. UAE: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 88. UAE: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 89. UAE: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 90. UAE: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 91. Rest of MEA: Aircraft Engine MRO Market, By Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 92. Rest of MEA: Aircraft Engine MRO Market, By Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 93. Rest of MEA: Aircraft Engine MRO Market, By Application– Revenue and Forecast to 2028 (US$ Billion)
Table 94. Rest of MEA: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 95. SAM: Aircraft Engine MRO Market, By Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 96. SAM: Aircraft Engine MRO Market, By Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 97. SAM: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 98. SAM: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 99. SAM: Aircraft Engine MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)
Table 100. Brazil: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 101. Brazil: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 102. Brazil: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 103. Brazil: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 104. Rest of SAM: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 105. Rest of SAM: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 106. Rest of SAM: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 107. Rest of SAM: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 108. List of Abbreviation
LIST OF FIGURES
Figure 1. Aircraft Engine MRO Market Segmentation
Figure 2. Aircraft Engine MRO Market Segmentation – By Geography
Figure 3. Global Aircraft Engine MRO Market Overview
Figure 4. Turbine Engine Segment held the Largest Share of Aircraft Engine MRO Market
Figure 5. Turbofan Segment held the Largest Share of Aircraft Engine MRO Market
Figure 6. Commercial Segment held the Largest Share of Aircraft Engine MRO Market
Figure 7. Fixed Wing Segment held the Largest Share of Aircraft Engine MRO Market
Figure 8. North America to Show Great Traction During Forecast Period
Figure 9. Aircraft Engine MRO Market– Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Aircraft Engine MRO Market: Impact Analysis of Drivers and Restraints
Figure 13. Aircraft Engine MRO Market – Geographic Analysis
Figure 14. Aircraft Engine MRO Market Forecast and Analysis (US$ Billion)
Figure 15. Aircraft Engine MRO Market, By Engine (2021 And 2028)
Figure 16. Turbine Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Turboprop Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Turbofan Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Turboshaft Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Piston Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Aircraft Engine MRO Market, By Application (2021 And 2028)
Figure 22. Commercial: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. General : Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Military: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Aircraft Engine MRO Market, By Aircraft Type (2021 And 2028)
Figure 26. Fixed Wing: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Rotary Wing: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Global Aircraft Engine MRO Market Revenue Share, by Region (2021 And 2028)
Figure 29. North America: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. North America: Aircraft Engine MRO Market Revenue Share, by Engine (2021 And 2028)
Figure 31. North America: Aircraft Engine MRO Market Revenue Share, by Turbine Engine (2021 And 2028)
Figure 32. North America: Aircraft Engine MRO Market Revenue Share, by Application (2021 And 2028)
Figure 33. North America: Aircraft Engine MRO Market Revenue Share, by Aircraft Type (2021 And 2028)
Figure 34. North America: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 And 2028)
Figure 35. US: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 36. Canada: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 37. Mexico: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 38. Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 39. Europe: Aircraft Engine MRO Market Revenue Share, by Engine (2021 And 2028)
Figure 40. Europe: Aircraft Engine MRO Market Revenue Share, by Turbine Engine (2021 And 2028)
Figure 41. Europe: Aircraft Engine MRO Market Revenue Share, by Application (2021 And 2028)
Figure 42. Europe: Aircraft Engine MRO Market Revenue Share, by Aircraft Type (2021 And 2028)
Figure 43. Europe: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 And 2028)
Figure 44. France: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 45. Germany: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 46. Italy: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 47. UK: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 48. Russia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 49. Rest of Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 50. APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 51. APAC: Aircraft Engine MRO Market Revenue Share, by Engine (2021 And 2028)
Figure 52. APAC: Aircraft Engine MRO Market Revenue Share, by Turbine Engine (2021 And 2028)
Figure 53. APAC: Aircraft Engine MRO Market Revenue Share, by Application (2021 And 2028)
Figure 54. APAC: Aircraft Engine MRO Market Revenue Share, by Aircraft Type (2021 And 2028)
Figure 55. APAC: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 And 2028)
Figure 56. Australia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 57. China: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 58. India: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 59. Japan: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 60. South Korea: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 61. Rest of APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 62. MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 63. MEA: Aircraft Engine MRO Market Revenue Share, By Engine (2020 & 2028)
Figure 64. MEA: Aircraft Engine MRO Market Revenue Share, By Turbine Engine (2020 & 2028)
Figure 65. MEA: Aircraft Engine MRO Market Revenue Share, By Application (2020 & 2028)
Figure 66. MEA: Aircraft Engine MRO Market Revenue Share, By Aircraft Type (2020 & 2028)
Figure 67. MEA: Aircraft Engine MRO Market Revenue Share, by Key Country (2020 & 2028)
Figure 68. South Africa: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 69. Saudi Arabia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 70. UAE: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 71. Rest of MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 72. SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 73. SAM: Aircraft Engine MRO Market Revenue Share, By Engine (2020 & 2028)
Figure 74. SAM: Aircraft Engine MRO Market Revenue Share, By Turbine Engine (2020 & 2028)
Figure 75. SAM: Aircraft Engine MRO Market Revenue Share, By Application (2021 & 2028)
Figure 76. SAM: Aircraft Engine MRO Market Revenue Share, By Aircraft Type (2021 & 2028)
Figure 77. SAM: Aircraft Engine MRO Market Revenue Share, by Key Country (2020 & 2028)
Figure 78. Brazil: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 79. Rest of SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 80. Impact of COVID-19 Pandemic in North America Country Markets
Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 82. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 83. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 84. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - Aircraft Engine MRO Market
- Delta Airlines, Inc.
- GE Aviation
- CFM International
- Lufthansa Technik
- MTU Aero Engines AG
- SIA Engineering Company
- Sigma Aerospace
- Safran S.A.
- Raytheon Technologies Corporation
- Rolls–Royce PLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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