Global Aviation Maintenance, Repair and Overhaul (MRO) Markets, 2021-2022 & 2026: Analysis by Type, Aircraft Type, Aircraft Generation, End User and Region –

DUBLIN–(BUSINESS WIRE)–The “Global Aviation Maintenance, Repair and Overhaul (MRO) Market: Analysis by Type, by Aircraft Type, by Aircraft Generation, by End User, by Region Size and Trends with COVID-19 Impact and Forecast to 2026″ report has been added to from offer.

The aviation maintenance, repair and overhaul market is expected to grow at a CAGR of 6.3%, during the forecast period 2022-2026.

In 2021, the global aviation maintenance, repair and overhaul market was valued at US$71.82 billion and is expected to reach US$106.64 billion by 2026.

MRO is a notation for maintenance, repair and overhaul. This term refers to a set of activities and operations associated with the maintenance of an aircraft. This includes structural, systematic or related repairs to equipment or facilities. Further, the term encompasses anything that has a significant impact on a facility’s day-to-day expenses and aircraft maintenance activities.

Increase in private air travel for business and pleasure would increase the production of aircraft in the future, which would have a significant impact on the aviation maintenance, repair and overhaul market . Increase in technological innovations and digitalization in aviation maintenance, repair and overhaul is further expected to support the growth of the market over the coming years.

Global Aviation Maintenance, Repair and Overhaul Market Dynamics:

Growth Drivers: The aviation maintenance, repair and overhaul industry is on the rise due to increased global defense spending. The increase in the defense budget has led to an increase in the number of military aircraft and their maintenance is required from time to time. The recent rise in geopolitical tensions has sparked renewed interest among governments to increase defense spending. Further, the market is expected to grow owing to increasing air traffic, increasing investment in aircraft MRO software, increasing government support, passenger to cargo conversion (P2F), etc. these last years.

Challenges: The disruption of the global supply chain has resulted in a delay in the planned retirement of aircraft, which has affected the availability of used parts or used usable materials (USM). Maintenance, repair and overhaul facilities identify an action plan to effectively balance their inventory. A slowdown in the supply chain and a shortage of chips in the market describe how small fluctuations in demand at the retail level can lead to progressively larger fluctuations in demand at the level of wholesalers, distributors, manufacturers and suppliers of raw materials, in aviation parts.

Trends: A major trend that is accelerating in the aviation maintenance, repair and overhaul market is the growth of business travel. In the future, business travel and business travel would increase and this would lead to the demand for air transport such as airplanes, planes, private jets, etc., which requires maintenance and repair. More market trends are believed to augment the growth of the aviation MRO market over the forecast period, including sustainability, digitalization, adoption of blockchain technology, emerging usage modernization technologies for improved aircraft and inspection robots and drones, etc.

Market Segmentation Analysis:

By Type: The engine maintenance segment accounted for the majority share of approximately 44% of the aviation MRO market in 2021. Going forward, airlines’ and forces’ rapid fleet expansion plans military is expected to propel the aero engine MRO market even further. Also, the introduction of new generation engines in new aircraft is expected to increase MRO demand for aircraft engines. The new engines would have higher material requirements than previous generations of aircraft.

By aircraft type: The wide-body segment held more than half of the aviation maintenance, repair and overhaul market share in 2021, while the same segment is experiencing the fastest growth during the forecast period, due to the upward trend of turbofan engines in widebody aircraft. . Over the past decade, the outsourcing of large aircraft MRO requirements to service providers in the Asia-Pacific region has been a dominant industry trend.

By aircraft generation: Mid-generation aircraft held over 60% of the aviation MRO market share in 2021. The fastest growing segment is next-generation aircraft, as newer aircraft generation are more fuel-efficient aircraft, they are powered by sustainable fuel. Major market players are collaborating with OEMs for aircraft maintenance and developing services for next-generation aircraft.

By end-user: the commercial segment held the bulk of 71% in the aviation maintenance, repair and overhaul market, where as the military is the fastest growing segment, as With the advancement of AI and analytics, MRO companies are moving from centralized maintenance diagnostic operations to prescriptive maintenance operations. The increasing complexity of engine parts and the increased number of military aircraft accidents due to engine failure have led the world’s armed forces to increasingly focus on frequent engine maintenance and periodic checks.

By Region: The Asia-Pacific aviation maintenance, repair and overhaul market recorded the highest share of 33% in 2021, mainly driven by the dominance of China, Taiwan and of South Korea, which are Asia-Pacific’s most attractive market for aviation MRO. The growth of the MRO space in China has accelerated as companies from emerging economies in the region, such as Thailand and Indonesia, begin to open offices in China. Additionally, several Chinese airlines have established their own MRO departments.

Competitive landscape and recent developments

The market players present in the aircraft MRO market are majorly focusing on improving the products and services by integrating advanced features and technologies into their offerings.

The players in the aeronautical maintenance, repair and overhaul market have opted for various strategies such as mergers and acquisitions, partnerships and collaborations. So far, FL Technics has acquired Wright International. The acquisition of Wright International provides FL Technics with a foothold in the strategically important North American market and enables it to serve its airline customers through an even broader network of international locations. Additionally, GE Aviation and Etihad Airways have jointly launched GE’s 360 Foam Wash, a revolutionary jet engine cleaning system, to optimize the performance of Etihad’s GE90 and GEnx-1B engines on its Boeing 777 fleets. and 787.

Capitalizing on the rapid pace of digitalization, it can also be seen that the MRO players that will emerge stronger from the COVID-19 pandemic are those reinventing their existing business models, embracing technological innovation and streamlining operational processes.

For example, ST Engineering received permission from the Civil Aviation Authority of Singapore (CAAS) to use its in-house developed drone solution, DroScan, to perform general visual inspection (GVI) during maintenance. aircraft on approved aircraft models, including the A320 family. The use of smart analytics could complement the inspector review process in terms of detecting, classifying and correcting defects.

Market dynamics

Growth engines

  • Increase in global defense spending

  • Increase in the number of air passengers

  • Growing Investment in Aircraft MRO Software

  • Passenger to Cargo Conversion (P2F)


  • Global supply chain disruption and chip shortage

Market trends

  • Growth in business travel and increase in the number of air passengers

  • Sustainability

  • Adoption of blockchain technology

  • Emerging Use of Retrofit Technologies for Improved Aircraft

  • Inspection robots and drones

  • Digitization in Aviation MRO

The main players in the aeronautical maintenance, repair and overhaul market are:

  • Air France Industries KLM Engineering and Maintenance

  • AIS Engineering

  • Delta Airlines (Delta TechOps Services Group)

  • Singapore Technologies Engineering Ltd

  • Airbus SE

  • General Electrics (GE Aviation)

  • Turkish techniques

  • Aeronautical technical services

  • MRO Holding Inc.

  • Aeronautical Engineering Company of Hong Kong Ltd

  • AAR Society

  • Lufthansa Technik

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