What are the Historical and Projected Sizes of the Global Aviation MRO Market?
The aviation MRO market size has shown significant growth over the recent years. From $77.38 billion in 2024, the market is predicted to expand to $82.79 billion in 2025 with a promising compound annual growth rate (CAGR) of 7.0%. This growth in the historic period is largely due to factors such as aircraft fleet growth, aging aircraft maintenance, outsourcing trends, and an increased focus on safety and reliability, coupled with global air traffic growth.
The aviation MRO market is expected to maintain strong growth momentum in the coming years, reaching an estimated $108.17 billion by 2029 at a CAGR of 6.9%. The forecasted market growth is attributed to various factors like fleet expansion and modernization, data-driven maintenance, rise of aviation in emerging markets, regulatory changes, compliance, and a shift to outsourced MRO services.
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What are the Key Drivers for the Aviation MRO Market?
The aviation MRO market is being propelled forward by the global increase in air travel. As aircraft need consistent and reliable maintenance and repair to maintain flight-safe conditions, the rise in air travel directly impacts the MRO market. For instance, in April 2022, the International Air Transport Association reported a 78.7% increase in air travel as compared to April 2021 and anticipates passenger numbers to reach 7.8 billion by 2036. This steady increase in air travel is expected to significantly drive the aviation MRO market in the coming years.
What are the Key Segments within the Aviation MRO Market?
1. By Service Type: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Other Service Types
2. By Aircraft Type: Narrow Body, Wide Body, Regional Jet, Other Aircraft Types
3. By End User: Original Equipment Manufacturer (OEM), Aircraft Operator, Other End Users
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Who are the Major Players in the Aviation MRO Market?
Major players in the aviation MRO market include Delta Airlines Inc., AAR Corp., Hong Kong Aircraft Engineering Company Limited, Airbus SE, Singapore Technologies Engineering Limited, KLM UK Engineering Limited, Lufthansa Technik AG, MTU Aero Engines AG, Raytheon Technologies Corporation, SIA Engineering Company Limited, TAP Maintenance & Engineering, SR Technics AG, British Airways Ltd., and others. These companies are leading the market with their extensive service offerings and advanced solutions.
What are the Emerging Trends in the Aviation MRO Market?
Major players in the aviation MRO market are leveraging aviation software to enhance operational efficiency, reduce maintenance costs, and improve aircraft safety and reliability. Such software, powered by advancements in AI technologies, streamlines MRO operations and drives their efficiency. A case in point is the launch of Aviation Software 6.0 by India-based technology company Ramco Systems Ltd. in September 2024. This highly specialized software leverages the power of AI for insightful and automated MRO operations, ultimately improving accessibility and organizational agility.
Which Region has the Largest Share in the Aviation MRO Market?
The North America region held the largest share in the aviation MRO market as of 2024, with the market report also covering other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does the Aviation MRO Market Report 2025 Offer?
The Aviation MRO Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Aircraft MRO (maintenance, repair, and overhaul) refers to the services rendered to ensure aircraft are in optimal condition, covering all necessary repair and maintenance.
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