Commercial Aircraft MRO Market is anticipated to grow at a significant CAGR of nearly 4.5% during the forecast period. The major factors that drive the market growth include increasing investments in aircraft MRO software, increasing economic growth, and speedy growth in urbanization in developing economies. For instance, In January 2021, ST Engineering signed a five-year airframe heavy maintenance contract with an unnamed air cargo carrier. ST Engineering will provide heavy maintenance for multiple fleet types, landing gear MRO, and special maintenance of various aircraft types under the agreement.
Apart from these, the growing demand of aircraft MRO from developing economies is further expected as the main reason for the growth of aircraft MRO market. Increased focus of OEM on MRO activities and increased efforts on fuel efficiency is driving global aircraft MRO market. Due to aircraft safety, commercial aircraft MRO maintenance has evolved to grow to be a key market within the industry of aviation.
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Commercial Aircraft MRO Market Segmentation
By MRO Services
- Modifications
- Airframe
- Components
- Engine
- Others
By Service Provider
- OEM
- Operator/Airline In-house
- Airline Third Party
- Independent
By Aircraft
- Narrowbody
- Widebody
- Regional Jet
- Turboprop
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- AAAR Corp
- Airbus S.A.S
- Air-France Industries KLM Engineering & Maintenance Co
- Barnes Group Inc
- Boeing Co
- Bombardier Inc.
- Collins Aerospace
- Delta TechOps (Delta Air Lines Inc.)
- Embraer S.A.
- FL Technics
- General Dynamics Corp.
- General Electric Co
- Honeywell Aerospace
- Hong Kong Aircraft Engineering Company (HAECO) Ltd.
- Lufthansa Technik AG
- MTU Aero Engines AG
- Rolls-Royce Holding PLC
- Safran SA.
- SIA Engineering Company Ltd
- Singapore Technologies Engineering Ltd
- Triumph Group Inc.
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