Air Transport MRO Market is Anticipated to Expand upto $108.21 Billion in 2029

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What Is the Forecasted Market Growth Rate of the Air Transport MRO Industry?
Over the past few years, the size of the air transport MRO market has seen a consistent expansion. It is anticipated to escalate from $86.01 billion in 2024 to $89.42 billion in 2025 with a compound annual growth rate (CAGR) of 4.0%. Factors contributing to this growth during the historic period include fluctuations in economic cycles and market demand, measures towards safety and risk reduction, handling of outsourcing and cost management, MRO technological advancements, and regulatory standards.

How Will the Air Transport MRO Market Size Evolve From 2025 to 2029?
Anticipated steady growth in the coming years is expected for the air transport mro market, with forecasts suggesting it will reach $108.21 billion by 2029, with a compound annual growth rate (CAGR) of 4.9%. The predicted expansion during this period can be linked to factors such as resilience in the supply chain, adjustments in global regulations, sustainable MRO practices and shifts in the market due to the consequences of the COVID-19 pandemic. Notable trends for this forecasted period include a focus on sustainability, regulatory compliance, an aging fleet of aircraft, an increase in fleet size, and the advent of digitalization and automation.

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What Are the Main Growth Drivers in the Air Transport MRO Market Today?
The surge in air travel is anticipated to spur the expansion of the air transport MRO market. MRO is vital for enhancing the operational readiness and prolonging the durability of an aircraft, including the airframe, engines, and other components. Such a rise in air travel, which encompasses the movement of goods or passengers through any means capable of maintaining controlled flight, is projected to propel the MRO market in air transport. For example, in January 2024, the International Air Transport Association (IATA), a US-based global airline industry trade group, reported a 36.9% surge in total air travel traffic compared to 2023. Moreover, global traffic experienced a 24.2% growth in December 2023 versus December 2022, with domestic traffic expanding by 27.0% from the previous year. Consequently, growing air traffic catalyzes the aircraft ignition system market.

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Which Air Transport MRO Market Segment Is Expected to Lead Through 2029?
The air transport mro market covered in this report is segmented -

1) By Type: Engine, Line, Airframes, Other Types
2) By Service: Heavy Maintenance Inspection, Engine Service Check, Component Maintenance, Line Maintenance, Avionic Standardization, Aircraft Conversions
3) By Aircraft Type: Narrow Body Aircraft, Wide-Body Aircraft, Regional Jet, Turbo Prop, Other Aircraft Types
4) By Application: Civil Air Transport MRO, Military Air Transport MRO

Subsegments:
1) By Engine: Turbine Engines, Piston Engines
2) By Line: Routine Maintenance, Pre-Flight Checks, A-checks
3) By Airframes: Structure Maintenance, Interior Refurbishment, System Upgrades
4) By Other Types: Avionics Maintenance, Component Overhaul, Paint And Coating Services

Which Market Trends Are Expected to Dominate Air Transport MRO Industry Growth?
The main trend emerging in the air transport MRO market is the progression of technology. Major players in this market, such as Jet Support Services, Inc. (JSSI), are channeling their focus into creating new technological solutions. In May 2022, JSSI, a company offering aircraft maintenance and financial services in the United States, introduced JSSI Maintenance Software. The distinctive characteristic of this software is its array of tracking and management tools for aircraft maintenance, repair, and overhaul (MRO). Using innovative technologies and integrating them into their offerings is a core strategy of JSSI to heighten the value they deliver to customers.

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Which Companies Hold the Largest Market Share in the Air Transport MRO Sector?
Major companies operating in the air transport mro market include AAR Corp., Delta Air Lines Inc., Deutsche Lufthansa AG, John Swire & Sons Limited, Airbus SE, Collins Aerospace, Air France Industries and KLM Engineering & Maintenance, HAECO Group, MTU Aero Engines AG, British Airways, Turkish Technic Inc., General Electric Company, Iberia Líneas Aéreas de España S.A., SIA Engineering Company Limited, Bombardier Inc., Lufthansa Technik AG, Safran SA, Raytheon Technologies Corporation, Singapore Technologies Engineering Ltd., Guangzhou Aircraft Maintenance Engineering Company Limited, StandardAero, Air Works Group, AJW Group, Gama Aviation, Erickson Inc., Hong Kong Aircraft Engineering Company Limited, ST Engineering Aerospace, The Boeing Company, Rolls-Royce Holdings, Honeywell International Inc.

Where Is the Air Transport MRO Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the air transport MRO market in 2024. The regions covered in the air transport MRO market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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