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Growing Demand For Commercial Aircraft Drives Aircraft Maintenance, Repair, And Overhauling Services Market Driver: Leading Transformation in the Aircraft Maintenance, Repair and Overhauling Services Market in 2025
Aircraft Maintenance, Repair and Overhauling Services Market Size
In recent times, the market size for services related to aircraft maintenance, repair and overhauling has demonstrated substantial growth. Its expansion is projected to continue from a value of $86.87 billion in 2024 to an increased valuation of $92.86 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.9%. Factors contributing to the growth experienced in the historic period include the aging aircraft fleet, regulatory compliance requirements, an increase in air travel, and global economic conditions.
The market size for aircraft maintenance, repair, and overhauling services is projected to experience robust growth in the approaching years. The market is forecasted to expand to $117.8 billion in 2029, with a compound annual growth rate (CAGR) of 6.1%. The expansion in this forecast period is attributed to factors such as fleet expansion, sustainability initiatives, defense and military MRO, introduction of new aircraft technologies, and market consolidation. Further, key trends that are expected during the forecast period include electrification and lightweighting, use of advanced materials, additive manufacturing, advancements in digitalization and connectivity, as well as collaborations and partnerships.
What Is Driving the Growth Trajectory of the Aircraft Maintenance, Repair and Overhauling Services Market?
The anticipated increase in the requirement for commercial aircraft is speculated to boost the expansion of the market for aircraft maintenance, repair, and overhaul services. Commercial aircraft, which are created and utilized for the profitable or business transportation of passengers or goods, necessitate these maintenance, repair, and overhaul (MRO) services to uphold their safety standards and airworthiness. MRO services are performed by an aircraft maintenance facility capable of performing the requisite inspections and maintenance tasks. For instance, Airbus SE, a aerospace corporation based in the Netherlands, reported in January 2023 that it had distributed 661 commercial aircraft to 84 customers in 2022. This signified an 8% increase compared to the 611 units that were sold the year before, in 2021. Hence, the escalating demand for commercial aircraft is indeed stimulating the expansion of the market for aircraft maintenance, repair, and overhauling services.
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Which Leading Companies Are Shaping the Growth of 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 Are the Major Trends Shaping the Aircraft Maintenance, Repair and Overhauling Services Market?
The trending notions of the digital thread and the digital twin are revolutionizing the domain of aircraft part manufacturing, recuperation, and preservation. Essentially, a digital thread is a communicative structure that fosters continuous data exchange across the various phases such as design, engineering, manufacturing, and upkeep, thereby offering an inclusive, authoritative, real-time sneak-peak of the asset's data, which can be tapped into whenever and wherever. The concept of a digital twin incorporates design guidelines and engineering schemes explaining the shape, substances, components, and behavior, thus generating a digital replication of a specific product. The application of both theories involves the examination of digitally gathered data through the entirety of a product's lifespan, starting from its conception to its maintenance, repair, and renovation in order to enhance the output of upcoming ventures. In the rather complex realm of aircraft servicing, these notions aid in sustaining digital archives, reducing idle time, and facilitating regulatory adherence.
What Are the Key Segments of 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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Which Region Dominates 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.
What Is Covered In The Aircraft Maintenance, Repair and Overhauling Services Global Market Report?
- Market Size Analysis: Analyze the Aircraft Maintenance, Repair and Overhauling Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Maintenance, Repair and Overhauling Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Maintenance, Repair and Overhauling Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Maintenance, Repair and Overhauling Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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