The aircraft maintenance repair and overhaul market is forecasted to grow by USD 19.55 bn during 2023-2028, accelerating at a CAGR of 4.78% during the forecast period. The report on the aircraft maintenance repair and overhaul market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for air travel, stringent regulations imposed on regular maintenance of aircraft, and expansion of airline fleets.
Technavio's aircraft maintenance repair and overhaul market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.34%
CAGR
4.78%
Incremental Value
$19.55bn
By Application
Commercial aviation
Military aviation
General aviation
By Service
Engine overhaul
Airframe maintenance
Line maintenance
Modification
Components
By Geographical Landscape
APAC
North America
Europe
Middle East and Africa
South America
This study identifies the integration of digitalization and automation in aircraft MRO processes as one of the prime reasons driving the aircraft maintenance repair and overhaul market growth during the next few years. Also, the increasing adoption of green MRO practices and the rise in the trend of outsourced MRO services will lead to sizable demand in the market.
The report on the aircraft maintenance repair and overhaul market covers the following areas:
Aircraft maintenance repair and overhaul market sizing
Aircraft maintenance repair and overhaul market forecast
Aircraft maintenance repair and overhaul market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aircraft maintenance repair and overhaul market vendors that include A J Walter Aviation Ltd., AAR Corp., Avia Solutions Group PLC, Aviation Technical Services, AZUL SA, Barnes Group Inc., Delta Air Lines Inc., Deutsche Lufthansa AG, General Electric Co., Hindustan Aeronautics Ltd., Honeywell International Inc., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MRO Holdings, MTU Aero Engines AG, RTX Corp., Safran SA, Sanad, Singapore Technologies Engineering Ltd., SR Technics Switzerland Ltd., StandardAero, The Boeing Co., and Turkish Airlines. Also, the aircraft maintenance repair and overhaul market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global aircraft maintenance repair and overhaul market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Service Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Commercial aviation - Market size and forecast 2023-2028
6.4 Military aviation - Market size and forecast 2023-2028
6.5 General aviation - Market size and forecast 2023-2028
6.6 Market opportunity by Application
7 Market Segmentation by Service
7.1 Market segments
7.2 Comparison by Service
7.3 Engine overhaul - Market size and forecast 2023-2028
7.4 Airframe maintenance - Market size and forecast 2023-2028
7.5 Line maintenance - Market size and forecast 2023-2028
7.6 Modification - Market size and forecast 2023-2028
7.7 Components - Market size and forecast 2023-2028
7.8 Market opportunity by Service
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028