Press release
Aviation MRO Industry to See Robust Expansion, Valued at $105.29 Billion by 2029
Aviation MRO
What Is the Projected CAGR for the Aviation MRO Market from 2024 to 2025?
In the last few years, the size of the aviation mro market has seen considerable growth. The market is forecasted to increase from $77.38 billion in 2024 to $82.2 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to the growth seen in the historic period include expanding aircraft fleet, maintenance of aging aircraft, the trend towards outsourcing, emphasizes on safety and reliability, and increased global air traffic.
What are the Expected Market Size and CAGR for Aviation MRO by 2029?
Expectations are high for robust growth in the aviation MRO market over the coming years, with an anticipated CAGR of 6.4% taking it to a worth of $105.29 billion by 2029. This expansion over the forecast period is likely to be driven by factors including enhancements and expansions to aircraft fleets, the proliferation of data-centric maintenance, growth in aviation in burgeoning markets, changes to regulations and adherence to them, and a move toward contracting out MRO services. Further trends predicted for the forecast period encompass an increase in new competitors and competition, concentration on sustainability, the implementation of predictive maintenance, leaning towards outsourcing, upholding regulatory compliance and safety benchmarks, and progress in airplane technology.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/aviation-mro-global-market-report
Which Factors Are Driving the Global Aviation MRO Market Expansion?
The continuous growth of air travel is anticipated to catalyze the enlargement of the aviation MRO market in the future. Air travel encompasses journeying from one location to another using an aircraft. The role of aviation MRO is to ensure the upkeep and restoration of aircraft, maintaining them in operable and flight-ready condition at all times. This is crucial given that air travel is the most favored mode of transport for global journeys. For instance, data from the International Air Transport Association, a Canadian international trade union of global airlines, showed that demand for air travel soared 78.7% in April 2022 compared to the same period in 2021. The association also predicts that passenger numbers will hit a staggering 7.8 billion by 2036. Consequently, the upswing in air travel is fuelling the growth of the aviation MRO market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9293&type=smp
Which Segment Currently Holds the Largest Share of the Aviation MRO Market?
The aviation mro market covered in this report is segmented -
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
Subsegments:
1) By Engine Overhaul: Complete Engine Overhaul, Engine Inspection And Repair, Engine Component Repair
2) By Airframe Maintenance: Scheduled Maintenance, Structural Repair And Modifications, Painting And Coating Services
3) By Line Maintenance: Routine Checks And Inspections, A-Checks And B-Checks, Component Replacement And Repairs
4) By Modification: Avionics Upgrades, Cabin Modifications, Performance Enhancements
5) By Other Service Types: Component Maintenance And Repair, Logistics And Supply Chain Management, Technical Training And Support
Which Major Trends Are Shaping the Future of the Aviation MRO Industry?
Leading enterprises in the aviation MRO market are advancing in the creation of aviation software with the aim of amplifying operational productivity, minimizing maintenance costs, and augmenting aircraft safety and reliability. The innovation of aviation software is set to metamorphose Maintenance, Repair, and Overhaul (MRO) procedures by incorporating sophisticated technologies such as artificial intelligence (AI) to simplify processes and heighten efficiency. To illustrate, Ramco Systems Ltd, a technology enterprise based in India, unveiled Aviation Software 6.0 in September 2024. This software aims to upend Maintenance and Engineering (M&E) and MRO operations by providing AI-driven insights and automation. It comprises a dedicated engine MRO component and cloud-powered 'Anywhere Apps' for handling operations remotely, thereby improving accessibility and enterprise agility.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=9293&type=smp
Which Key Players Dominate the Aviation MRO Industry Globally?
Major companies operating 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., Air-France Industries KLM Engineering & Maintenance Group, Bombardier Inc., GE Aviation Inc., L3Harris Technologies Inc., Singapore Technologies Aerospace, AJW Group, Ameco Beijing, JAL Engineering, AFI KLM Engineering & Maintenance, Erickson Aircraft Services, Jet Aviation, StandardAero, Air Works Group, Gama Aviation, International Air Transport, BAE Systems, Collins Aerospace, Honeywell Aerospace, Pratt & Whitney
What Are the Fastest-Growing Regions in the Aviation MRO Market?
North America was the largest region in the aviation MRO market in 2024. The regions covered in the aviation MRO market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aviation MRO Industry to See Robust Expansion, Valued at $105.29 Billion by 2029 here
News-ID: 4252094 • Views: …
More Releases from The Business Research Company
Anti-Tank Missile System Industry Set to Achieve $3.67 Billion Milestone by 2029 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Anti-Tank Missile System Market Size 2025?
There has been a solid growth in the anti-tank missile system market size in the past few years. The market is set to expand from $3 billion in 2024 to $3.11 billion in 2025, with a compound annual…
Aircraft Engine Blade Market Size to Reach $23.3 Billion by 2029 | Growth at 7.4 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Aircraft Engine Blade Industry?
In the past few years, the market size for aircraft engine blades has seen considerable growth. It is projected to expand from $16.34 billion in 2024 to $17.52 billion in 2025, with a compound annual growth rate (CAGR) of…
Space Sensors And Actuators Market Size to Reach $16.05 Billion by 2029 | Growth …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Space Sensors And Actuators Industry?
The market for space sensors and actuators has seen substantial growth in the previous years. Expected to expand from $7.16 billion in 2024 to $8.47 billion in 2025, it will experience a compound annual growth rate (CAGR) of…
Non-Lethal Weapons Market Growth to be Driven by Emerging Trends | $12.1 Billion …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Non-Lethal Weapons Industry?
The market size for non-lethal weapons has witnessed considerable growth in the recent past. The worth of the market is set to increase from $8.22 billion in 2024 to $8.89 billion in 2025, showing a compound annual growth rate (CAGR)…
More Releases for MRO
Aircraft MRO Market Accelerates Toward 2031
New York, US - October 22, 2025 - The global aircraft MRO (maintenance, repair, and operations) market is on the cusp of remarkable change. Leading aviation stakeholders, from service providers to airlines, are responding rapidly to post-pandemic recovery, technological innovations, and growth in global aviation traffic. As air travel surges and regulatory demands intensify, the Aircraft MRO Market emerges as an indispensable backbone for sustainable, safe, and efficient aviation.
Download Sample…
Global Commercial Aero Engine MRO Market Size by Application, Type, and Geograph …
According to Market Research Intellect, the global Commercial Aero Engine MRO market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The global recovery of air travel and the increasing number of commercial aircraft in operation are the…
Digital MRO :- Strategic Developments & Key Insights
The Digital MRO Market is expected to register a CAGR of 10.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Technology (AR and VR, Big Data and IoT, Blockchain, Digital Twin, Robotics and Drones, Others), Application (Inspection, Maintenance, Monitoring, Training, Others), End User (Commercial Airline Operator, MRO Service Provider, Others). The global analysis…
Emerging Trends Influencing The Growth Of The Air Transport MRO Market:Technolog …
The Air Transport MRO Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Air Transport MRO Market Size Expected to Be by 2034?
Recently, there has been significant growth in the air transport MRO market. It is projected to increase from $88.11 billion…
Aircraft Engine MRO Market : An Overview
Introduction:
Aircraft Engine Maintenance, Repair, and Overhaul (MRO) is a vital segment of the aviation industry, ensuring the safety, reliability, and performance of aircraft engines. This sector supports commercial, military, and general aviation fleets by offering regular maintenance, advanced diagnostics, and complete overhauls. With the global aviation industry continuously expanding, the demand for MRO services is witnessing substantial growth. Aircraft engine MRO involves activities like routine checks, component replacement, and engine…
Air Transport MRO Market Report 2024 - Air Transport MRO Market Size, Share And …
"The Business Research Company recently released a comprehensive report on the Global Air Transport MRO Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The air transport mro…
