Aircraft Maintenance, Repair and Overhauling Services Industry Growth Outlook: 7.2% CAGR and $120.23 Billion 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 Aircraft Maintenance, Repair and Overhauling Services Market Size 2025?
The market size for services pertaining to the maintenance, repair, and overhaul of aircrafts has seen robust growth in the past few years. It is forecasted to expand from $85.13 billion in 2024 to $91.03 billion in 2025, marking a compound annual growth rate (CAGR) of 6.9%. Factors such as an increasingly older fleet of aircrafts, regulatory adherence, growth in air travel, and global economic scenarios have contributed to its expansion in the historical timeframe.

What CAGR is Forecasted for the Aircraft Maintenance, Repair and Overhauling Services Market Through 2029?
The market size of aircraft maintenance, repair and overhauling services is projected to witness a robust growth in the forthcoming years, expanding to $120.23 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%. The anticipated growth during the forecast period can be ascribed to factors such as fleet expansion, sustainability measures, defense and military mro, novel aircraft technologies, and market consolidation. Significant trends during the forecast period will encompass electrification and lightweighting, use of advanced materials, additive manufacturing, increased digitalization and connectivity, and collaborations and partnerships.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/aircraft-maintenance-repair-and-overhauling-services-global-market-report

What Are the Critical Factors Driving Aircraft Maintenance, Repair and Overhauling Services Market Development?
The aircraft maintenance, repair, and overhauling services market is anticipated to expand with the escalating demand for commercial aircraft. Commercial aircraft are specifically engineered and utilized for profit-oriented passenger or cargo transportation. To ensure their airworthiness and safety, commercial aircraft heavily rely on maintenance, repair, and overhaul (MRO) services. An MRO is a specialized facility that can conduct mandatory aircraft inspections and maintenance. Backing this trend, Airbus SE, an aerospace corporation based in the Netherlands, reported in January 2023 that they had handed over 661 commercial aircraft to 84 consumers in 2022, marking an 8% rise from the 611 units moved in the preceding year. Hence, the increasing demand for commercial aircraft is spurring the growth of the aircraft maintenance, repair, and overhaul services market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3060&type=smp

How Does the Aircraft Maintenance, Repair and Overhauling Services Market Break Down Across Major Segments?
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

What Are the Major Trends Transforming the Aircraft Maintenance, Repair and Overhauling Services Industry?
The concepts of digital thread and digital twin are emerging trends in the sphere of producing, repairing, and maintaining aircraft components. The digital thread refers to a communication model that facilitates the interconnected transmission of data through various stages and functions such as engineering, production, design and maintenance, offering an inclusive, reliable, and in-the-moment access to asset data which can be examined from any location and at any time. A digital twin encapsulates design descriptions and engineering systems including its geometry, components, materials, and behavior, thereby offering a digital illustration of a specific product. Both notions scrutinize data captured digitally from the inception to the end of a product's lifecycle, starting from design and rolling out through maintenance, repair, and overhaul, all this to enhance the performance of future projects. In the case of aircraft maintenance, it assists in keeping electronic records, diminishing idle time, and simplifying regulatory adherence.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=3060&type=smp

Which Players Are Driving Innovation in 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.

Which Regions Are Driving Global Aircraft Maintenance, Repair and Overhauling Services Market Expansion?
Asia-Pacific was the largest region in the aircraft maintenance, repair and overhauling services market in 2024. 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.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

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.