The Business Research Company’s report on the Aircraft Maintenance, Repair and Overhauling Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the aircraft maintenance, repair and overhauling services market in recent years?
The growing demand for commercial aircraft is expected to propel the growth of the aircraft maintenance, repair, and overhauling services market going forward. A commercial aircraft is a type of aircraft designed and used for transporting passengers or cargo for profit or business purposes. Aircraft maintenance, repair, and overhaul (MRO) services are critical for commercial aircraft to ensure their safety and airworthiness. MRO is an aircraft maintenance facility capable of performing required maintenance or inspections. For instance, in January 2023, according to Airbus SE, a Netherlands-based aerospace corporation, the company delivered 661 commercial aircraft to 84 customers in 2022, representing an increase of 8% from the 611 units sold in 2021. Therefore, growing demand for commercial aircraft is driving the growth of the aircraft maintenance, repair, and overhauling services market.
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What is the projected market size of the aircraft maintenance, repair and overhauling services industry, and how is it expected to grow?
The aircraft maintenance, repair and overhauling services market size has grown strongly in recent years. It will grow from $86.87 billion in 2024 to $92.86 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to aging aircraft fleet, regulatory compliance, air travel growth, global economic conditions.
The aircraft maintenance, repair and overhauling services market size is expected to see strong growth in the next few years. It will grow to $117.8 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to fleet expansion, sustainability initiatives, defense and military mro, new aircraft technologies, market consolidation. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships,.
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Who are the key players driving competition in the aircraft maintenance, repair and overhauling services market?
Major companies operating in the aircraft maintenance, repair and overhauling services market include Lockheed Martin Corporation, Airbus Group SE, The Boeing Company, Leonardo SpA, Bae Systems plc, Allen Aircraft Radio Corp, Aeroman Inc., Air France Industries-KLM Engineering & Maintenance, British Airways Engineering Services Ltd., Etihad Airways Engineering LLC, General Electric Aircraft Engines, Korean Air Lines Co Ltd., Lufthansa Technik Aktiengesellschaft, Safran Aerosystems., Raytheon Technologies Corporation, SIA Engineering Company Ltd., TAP Maintenance & Engineering, Singapore Technologies Engineering Ltd., MTU Aero Engines AG, Rolls-Royce Holdings plc, Air India Engineering Services Ltd., Emirates Engineering Construction Pvt Ltd., StandardAero Aviation Holdings Inc., Air France Industries-KLM Engineering & Maintenance, Avia Solutions Group PLC, Garuda Indonesia Tbk, Delta Air Lines Inc., Hong Kong Aircraft Engineering Co Ltd., Air Works India pvt Ltd., AJW China Co Ltd., Gama Aviation Ltd.
What key trends are expected to drive the aircraft engines market during the forecast period?
Digital thread and digital twin are two interlinked concepts trending in the aircraft parts manufacturing, repair, and maintenance market. The digital thread is a communication framework that allows connected data flow throughout the lifecycle and across functions such as design, engineering, production, and maintenance, providing an integrated, authoritative, up-to-the-minute view of the asset’s data that can be accessed at anytime, anywhere. A digital twin includes design specifications and engineering models describing its geometry, materials, parts, and behavior, which give a digital model of a particular product. Both concepts analyze data captured digitally from end-to-end throughout a product’s lifecycle, beginning with design and extending through maintenance, repair, and overhaul to improve the performance of future programs. In aircraft maintenance complexity, this helps in maintaining digital records, minimizing downtime, and streamlining regulatory compliance.
Which key geographies are driving the growth of the aircraft maintenance, repair and overhauling services market?
Asia-Pacific was the largest region in the aircraft maintenance, repair and overhauling services market in 2023. Eastern Europe is expected to be the fastest growing region. The regions covered in the aircraft maintenance, repair and overhauling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the key segments driving growth in the aircraft maintenance, repair and overhauling services market?
The aircraft maintenance, repair and overhauling services market covered in this report is segmented –
1) By Type: Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services
2) By Aircraft Division: Engine, Cabin Interior, Airframe, Avionics, Others
3) By Size: Wide-Body, Narrow-Body, Regional, Others
4) By Service Type: Annual Maintenance Contract, Individual Works, Others
Subsegments:
1) By Commercial Aircrafts MRO Services: Airframe Maintenance, Avionics Maintenance, Landing Gear Maintenance, Cabin Maintenance
2) By Commercial Helicopters MRO Services: Airframe Maintenance, Engine Maintenance, Avionics And Electrical Systems Maintenance
3) By Commercial Gliders and Drones MRO Services: Airframe Maintenance, Propulsion System Maintenance, Electrical And Control Systems Maintenance
4) By Aircraft Turbines MRO Services: Engine Overhaul And Repair, Engine Component Repair, Turbine Blade Repair
5) By Aircraft Engines MRO Services: Engine Overhaul And Rebuild, Engine Parts Repair, Engine Testing And Inspection
6) By Rocket Engines MRO Services: Propulsion System Maintenance, Rocket Engine Overhaul, Component Testing and Inspection
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How is the aircraft maintenance, repair and overhauling services market defined, and what are its core characteristics?
The aircraft maintenance, repair, and overhauling services refer to maintain, repair, and overhaul services of aircraft, including helicopters, gliders, drones, aircraft turbines, aircraft engines, and rocket engines. The aircraft maintenance, repair, and overhauling services market includes sales of spare parts to end consumers by aircraft MRO providers that are used during the aircraft MRO activities.
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