NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global commercial and military aircraft MRO market
size is estimated to grow by USD 20.82
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of over 4.64% during the
forecast period. Growing demand for advanced synthetic
vision avionic systems is driving market growth, with a
trend towards integration of advanced weapons into aircraft.
However, high cost and unavailability of spare parts
poses a challenge. Key market players include A J Walter
Aviation Ltd., AAR Corp., Airbus SE, Avia Solutions Group PLC,
Aviation Technical Services, Barnes Group Inc., Delta Air Lines
Inc., General Electric Co., Israel Aerospace Industries Ltd.,
Lockheed Martin Corp., MRO Holdings, MTU Aero Engines AG, RTX
Corp., Safran SA, Singapore Technologies Engineering Ltd., SR
Technics Switzerland Ltd., StandardAero, Thales Group, The Boeing
Co., and Turkish Airlines.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Sector (Military
aircraft MRO and Commercial aircraft MRO), Component (Engine
overhaul, Airframe maintenance, Line maintenance, Modification, and
Components), and Geography (APAC, North America, Europe, Middle
East and Africa, and South America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
A J Walter Aviation
Ltd., AAR Corp., Airbus SE, Avia Solutions Group PLC, Aviation
Technical Services, Barnes Group Inc., Delta Air Lines Inc.,
General Electric Co., Israel Aerospace Industries Ltd., Lockheed
Martin Corp., MRO Holdings, MTU Aero Engines AG, RTX Corp., Safran
SA, Singapore Technologies Engineering Ltd., SR Technics
Switzerland Ltd., StandardAero, Thales Group, The Boeing Co., and
Turkish Airlines
|
Key Market Trends Fueling Growth
The commercial and military aircraft Maintenance, Repair, and
Overhaul (MRO) market is expected to grow due to increasing
investments in military aircraft upgrades. European countries,
including the UK, Germany,
Italy, Spain, France, and Sweden, have developed advanced air-to-air
missiles with longer ranges, supersonic speeds, precision guidance,
and self-propelled capabilities. These advancements in military
technology will necessitate frequent MRO services for military
aircraft fleets, driving market growth. Geopolitical tensions
worldwide are fueling this demand, with countries strengthening
their defenses in anticipation of potential conflicts.
The Commercial and Military Aircraft Maintenance, Repair, and
Overhaul (MRO) market is experiencing significant growth due to
increasing demand for aircraft maintenance and upgrades. Components
and engines are key areas of focus, with advanced technologies
driving efficiency and reliability. Depots and MRO providers are
investing in robots and automation to streamline processes and
reduce costs. Depots are also adopting digital technologies for
predictive maintenance and real-time monitoring. Procurement of new
parts and materials is a significant part of the MRO market, with a
strong focus on cost-effective solutions. The market is expected to
continue growing, driven by the need for fleet modernization and
expanding global air travel.
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Market Challenges
- The military aircraft Maintenance, Repair, and Overhaul (MRO)
market faces challenges due to the high cost of upgrading and
retrofitting fleets. Economic constraints and budget cuts make it
difficult for defense departments to modernize older aircraft like
the Boeing C-17 and Lockheed C-130. Widespread cannibalization of
parts among aircraft, particularly in demand jets like the EA-6B
Prowler, exacerbates the issue. The shortage of compatible parts
affects operational effectiveness and may hinder market
growth.
- The Commercial and Military Aircraft MRO market faces several
challenges. Aircraft reliability and maintenance are crucial for
both civilian and military sectors. The use of advanced
technologies like Composites and Related Materials in the
production of aircraft bodies and wings necessitates specialized
maintenance techniques. The high cost of spare parts and the need
for quick turnaround times add to the complexity of the market.
Furthermore, the increasing demand for fuel-efficient and
environmentally friendly aircraft requires continuous innovation
and investment in MRO solutions. Engines, Avionics, and Structures
are key areas of focus for MRO providers. The market is
competitive, with many players offering various services, from
basic maintenance to complex overhauls. The challenge lies in
providing cost-effective and efficient solutions while maintaining
high quality and safety standards.
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challenges - Download a Sample Report
Segment Overview
This commercial and military aircraft mro market report
extensively covers market segmentation by
- Sector
- 1.1 Military aircraft MRO
- 1.2 Commercial aircraft MRO
- Component
- 2.1 Engine overhaul
- 2.2 Airframe maintenance
- 2.3 Line maintenance
- 2.4 Modification
- 2.5 Components
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Military aircraft MRO- The global military
and commercial aircraft Maintenance, Repair, and Overhaul (MRO)
market is experiencing significant growth due to increasing
investments in modernizing existing fleets and enhancing readiness
and performance. Governments worldwide prioritize maintaining
operational aircraft for crisis deployment. Budget constraints have
led to more spending on maintenance services, including
collaborations between MRO providers and the defense industry.
Notable examples include NATO's USD150
million contract for C-17 military transport aircraft fleet
maintenance and DynCorp International's USD22 million contract for aviation field
maintenance and sustainment. These collaborations and M&A
activities are driving market growth during the forecast
period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Commercial and Military Aircraft MRO market is experiencing
significant growth due to the increasing demand for aircraft
maintenance, repair, and overhaul services. Technological problems
and manpower-related challenges are key factors driving this trend.
OEMs are integrating advanced technologies such as machine
learning, artificial intelligence, robotics, drones, big data, and
blockchain technologies to enhance efficiency and productivity in
the engine overhaul segment. Rapid urbanization and increasing air
traffic volumes have led to higher aircraft utilization and air
travel, resulting in a greater need for technical maintenance jobs.
The engine MRO market, including field maintenance and depot
maintenance, is expected to continue expanding to meet the demands
of the aviation industry. Workforce supply and labor force costs,
particularly for experienced workers, remain critical concerns for
the industry.
Market Research Overview
The Commercial and Military Aircraft MRO (Maintenance, Repair,
and Overhaul) market encompasses the maintenance services required
for the upkeep of commercial and military aircraft fleets. This
market is driven by the increasing demand for aircraft fleet
expansion and the need for aircraft to remain airworthy.
Technological advancements, such as the implementation of digital
solutions and the use of composites in aircraft structures, are
also influencing the market. The MRO sector comprises various
activities, including heavy maintenance, line maintenance, engine
maintenance, and component maintenance. The market is segmented
based on aircraft type, platform, and region. The global MRO market
for commercial and military aircraft is expected to grow
significantly over the next decade due to the increasing demand for
aircraft maintenance and the need to ensure the safety and
reliability of aircraft fleets.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Sector
-
- Military Aircraft MRO
- Commercial Aircraft MRO
- Component
-
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio