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Commercial Aircraft MRO Market - By MRO Services (Modifications, Engines, Components, Line, Airframe), By Service Provider (OEM, Operator/Airline In-house, Airline Third Party, Independent), By Aircraft & Forecast, 2021-2027

  • Report ID: GMI3045
  • Published Date: Aug 2021
  • Report Format: PDF

Commercial Aircraft MRO Market Size

Commercial Aircraft MRO Market Size exceeded USD 70 billion in 2020 and is anticipated to grow at a CAGR of over 4.9% from 2021 to 2027. Increasing economic growth and rapid urbanization in emerging countries along with business & tourism travels are likely to augment the market growth.

Commercial Aircraft MRO Market Overview

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The maintenance, repair, and overhaul (MRO) market is dominated by external factors including aircraft utilization, global fleet size, and air traffic volumes, i.e., both cargo and passengers. The growth in air travel requires more aircraft production, which will support the MRO industry.

Increasing investments in aircraft MRO software are also predicted to offer new growth opportunities. Aircraft MRO software includes software components for maintenance tracking, maintenance scheduling, logbook tracking, budget forecasting, manuals, flight time tracking, electronic task card management, service bulletins management, and work order management. It also includes features aiding compliance with regulatory organizations such as FAA and ICAO. It is majorly used to streamline maintenance processes and reduce downtime. It is significantly modified based on the changes, which are associated with big data and analytics in the aviation industry. This industry generates an enormous amount of data, which will benefit the MRO companies in improving their operational efficiency and providing customized solutions that cater to the demands of the airlines.

A growing number of air passenger carriers on account of the rising number of passengers choosing air travel is expected to boost the demand for MRO facilities. The relaxation in foreign direct investments for the airline industry is encouraging airlines companies to outsource maintenance activities to sure the smooth functioning of aircraft. The aircraft market will showcase a high growth rate, attributed to the rising number of air passengers flying per year due to flight frequencies, affordable prices of tickets, and route availability. These factors are slated to drive the demand and need for MRO services, in turn, fostering the industry growth.

The aircraft MRO industry is facing challenges owing to a shortage of labor supply, rising labor costs, an aging workforce, and decreasing interest on maintenance technician job role from newly graduated engineer. Without a significant change, this trend is poised to continue during the forecast period. Right-shorting and outsourcing are two options that are more relevant to MRO operators. Increasing material costs are becoming a major factor, influencing the market expansion. MRO companies are trying to create strategies that insulate themselves through strategic partnering with OEMs. It will also help in real-time procurement of aircraft parts and components.


Commercial Aircraft MRO Market Analysis

The engine MRO services segment will account for 35% of the commercial aircraft MRO market share by 2027. Engine MRO includes field maintenance and depot maintenance. Depot-level maintenance of engines includes major repair, material maintenance, complete or partial rebuilding of engines, and parts assemblies. It also contains technical assistance, manufacturing of parts, and testing. Field-level maintenance involves on-equipment maintenance activities and shop-type work. Shop-type work includes software maintenance, repair of subassemblies, commodity-oriented assemblies, and fabrication or the manufacturing of repair components. Engines will dominate the business over the forecast period. Furthermore, the market is becoming more competitive and its dynamics are more complex.

Commercial Aircraft MRO Market Share

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Independent service providers segment will reach USD 60 billion by 2027. Independent MRO companies face the challenge of achieving competitive turnaround times for delivering aircraft, engines or other complex components and with the highest quality of service. Airlines companies are outsourcing maintenance including engine, airframe, line maintenance, and others. It is estimated that airline outsourced MRO spending will witness significant surge over the forecast period. Independent MRO companies provide major maintenance inspections, landing gear services, engineering services, upgrades, modifications, refurbishments, and painting for a diverse range of aircraft.

Commercial Aircraft MRO Market Size

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The narrowbody aircraft in the commercial aircraft MRO market is projected to generate USD 55 billion revenue in 2027. A narrowbody aircraft or single-aisle aircraft, which is used to operate short-haul cross-border flights and domestic flights, is a smaller-type aircraft. A narrowbody aircraft can carry up to 295 passengers due to its small size and restricted to short-distance journey. The market is highly dependent on private and commercial narrowbody aircraft. The growing usage of such aircraft in the construction industry will further escalate revenue generation.

Global Commercial Aircraft MRO Market

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Asia Pacific commercial aircraft MRO market will exhibit over 5.5% growth rate through 2027. The commercial aviation sector will grow rapidly over the next decade in the wake of strong demand for new narrowbody aircraft in APAC. Countries including India, Japan, China, South Korea, Australia, and Singapore are notable contributors to the development of the regional market. In these regions, the commercial aircraft fleet size is expected to rise during the forecast period, which depicts growth in the demand for MRO services in the APAC region. In the maturing aviation sector of India and China, aging fleets require the disposal and replacement of outdated aircraft components.

Commercial Aircraft MRO Market Share

Global market players majorly focus on the development and expansion of their technologies and service portfolio to enhance business capabilities and cater to the rising demand. Strategic partnerships and enhancement of the product landscape are key initiatives in the global industry. Some of the key manufacturers include:

  • Airbus
  • Boeing Company
  • AAR Corporation
  • Bombardier Inc
  • Embraer S.A 
  • Delta TechOps
  • General Dynamics Corp
  • Hong Kong Aircraft Engineering Company (HAECO) Ltd
  • GE Aviation
  • Honeywell Aerospace
  • Lufthansa Technik AG
  • Rolls-Royce plc
  • MTU Aero Engines AG
  • Safran SA.

The Commercial Aircraft MRO Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2017 to 2027 for the following segments:

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Market, By MRO Services

  • Modifications
    • Paintings
    • Avionics Upgrades
    • Interiors
    • Others
  • Airframe
  • Components
    • Wheels & Brakes
    • Avionics
    • Auxiliary Power Unit
    • Fuel Systems
    • Hydraulic Power
    • Flight Controls
    • Thrust Reversers
    • Landing Gear
    • Electrical
    • Others
  • Engine
  • Airframe

Market, By Service Provider

  • OEM
  • Operator/Airline In-house
  • Airline Third Party
  • Independent

Market, By Aircraft

  • Narrowbody
  • Widebody
  • Regional Jet
  • Turboprop

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Singapore
    • India
    • New Zealand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • UAE
    • Qatar
    • Saudi Arabia
    • South Africa
    • Iran
    • Egypt
    • Israel
Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Market size of commercial aircraft MRO surpassed USD 70 billion in 2020 and will observe a CAGR of over 4.9% through 2027.

Engine MRO services segment will capture revenue share of over 35% by 2027 as they offer wide range of maintenance and depot maintenance services.

Independent service providers segment will account for about USD 60 billion valuation by 2027 as these companies provide various services like maintenance inspections, landing gear services, etc. for a diverse range of aircraft.

Narrowbody aircraft segment will generate USD 55 billion revenue through 2027 owing to rising demand for these aircrafts driven by increasing domestic air travel.

APAC market will observe a CAGR of over 5.5% through 2027 with rapidly growing commercial aviation sector.

Commercial Aircraft MRO Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 16
  • Tables & Figures: 203
  • Countries covered: 24
  • Pages: 141
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