Press release
India Aircraft MRO Market Projected to Reach USD 6.87 Billion by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 3.77 Billion
Market Forecast in 2033: USD 6.87 Billion
Market Growth Rate 2025-2033: 6.37%
India Aircraft MRO Market Overview
India's flying machine Upkeep, Repair, and Update (MRO) advertise is encountering noteworthy development, driven by expanding discuss traveler activity, armada extension, and steady government activities like UDAN. The country's moo labor costs, developing nearness of worldwide MRO suppliers, innovative progressions, rising flying machine imports, and the foundation of devoted MRO centers and assess motivations are moving the advertise forward.
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India Aircraft MRO Market Trends and Market Drivers
Expansion of Domestic MRO Capabilities:
India's flying division is seeing a critical move with the reinforcing of neighborhood MRO capacities. Key speculations in MRO firms are improving innate capabilities, lessening reliance on remote benefit suppliers, and making work openings. This improvement bolsters the government's activities to reinforce the flying environment. For occasion, in December 2024, Adani Resistance Frameworks & Innovations Ltd. (ADSTL) marked a authoritative assention to procure an 85.8% stake in Discuss Works, India's biggest private-sector MRO company, for an undertaking esteem of INR 400 Crore. Discuss Works works over 35 cities with over 1,300 representatives, advertising administrations for both fixed-wing and rotary-wing flying machine. This securing upgrades Adani's capabilities within the defense MRO segment and bolsters its development into respectful flying administrations.
Boosting Self-Reliance in Defense Aviation Services:
India's defense flying division is centering on upgrading self-reliance by creating innate MRO capabilities. This move points to diminish reliance on outside substances, make strides turnaround times, and lower operational costs for defense flying machine support. The integration of progressed innovations and the foundation of devoted MRO offices are key steps toward accomplishing this objective.
India Aircraft MRO Market Segmentation
1. By Type
• Engine Overhaul
• Airframe Maintenance
• Line Maintenance
• Modification
• Components
2. By Industry
• Civil
• Military
3. By Aircraft Type
• Narrow Body
• Wide Body
• Regional Jet
• Others
4. By Periodicity
• Routine Maintenance
• Heavy Maintenance
5. By Operator
• Original Equipment Manufacturers (OEMs)
• Airlines
• Independent MROs
• Others
6. By Region
• North India
• West and Central India
• South India
• East India
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India Aircraft MRO Market News
2024: Adani Defence Systems & Technologies Ltd. (ADSTL) signed a binding agreement to acquire an 85.8% stake in Air Works, India's largest private-sector MRO company, for an enterprise value of INR 400 Crore. This acquisition enhances Adani's capabilities in the defense MRO sector and supports its expansion into civil aviation services.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current, and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.
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