Commercial Aircraft MRO Market Size By MRO Services (Modifications, [Paintings, Avionics Upgrades, Interiors], Engines, Components, [Wheels & Brakes, Avionics, Auxiliary Power Unit, Fuel Systems, Hydraulic Power, Flight Controls, Thrust Reversers, Landing Gear, Electrical], Line, Airframe), By Service Provider (OEM, Operator/Airline In-House, Airline Third Party, Independent), By Aircraft (Narrowbody, Widebody, Regional Jet, Turboprop), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Feb 2020  |  Report ID: GMI3045  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 141   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Commercial Aircraft MRO Market size surpassed USD 78 billion in 2019 and is estimated to exhibit over 6% CAGR from 2020 to 2026.
 

Increasing requirements for proper maintenance and refurbishments of aircraft for maintaining their optimum performance and complying with the strict regulatory norms are boosting the commercial aircraft MRO market share. Advancements in technologies coupled with requirement to address wear and tear of components will further boost the market size.
 

Commercial Aircraft MRO Market

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After several aviation accidents caused due to negligence in maintenance activities during the 1990’s and 2000’s, authorities have tightened the norms for timely maintenance and repair works. 42% of all fatal airline accidents between 1994 and 2004 were caused due to maintenance related problems. Presently, commercial aircrafts require a detailed maintenance and service inspection once in every 100 hours of operation.
 

According to International Civil Aviation Organization (ICAO), aviation accident rate has been growing over the past few years, increasing from 2.15 per million in 2016 to 2.69 per million in 2019. This will lead to a drive to improve aviation MRO services in order to reduce any fatalities in future.
 

Timely upgradation of the installed avionics is also mandatory in order to ensure a smooth and hassle-free flight. With advancements in aviation technologies, issues in the avionic systems may result to a disastrous consequence. Strong steps taken by aviation authorities to avoid human errors during MRO activities will have a significant impact on the market revenue.
 

Commercial Aircraft MRO Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 78.88 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 6.0% 2026 Value Projection: 121.54 Billion (USD)
Pages: 141 Tables, Charts & Figures: 202
Geographies covered (24): U.S., Canada, Germany, UK, France, Italy, China, Japan, South Korea, Australia, Thailand, Singapore, India, New Zealand, Brazil, Mexico, Argentina, UAE, Qatar, Saudi Arabia, South Africa, Iran, Egypt, Israel
Segments covered: MRO Services, Service Provider, Aircraft, and Region
Companies covered (15): AAR Corporation, Air France Industries KLM Engineering & Maintenance, Airbus SAS, Boeing Company, Bombardier Inc., Delta TechOps, Embraer S.A., GE Aviation, General Dynamics Corp., Honeywell Aerospace, Hong Kong Aircraft Engineering Company (HAECO) Ltd, Lufthansa Technik AG, MTU Aero Engines AG, Rolls-Royce plc, Safran SA
Growth Drivers:
  • Rising demand for low-cost carriers
  • The maintenance requirement for the in-service and aging fleet
  • Stringent airworthiness norms and policies
  • Digitalization of aircraft MRO services
Pitfalls & Challenges:
  • Higher costs associated with aircraft components and spare parts
  • Aircraft downtime due to carrying out of complex MRO operations

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Digitalization and incorporation of advanced technologies to enhance MRO efficiency

High costs associated with carrying out of MRO operations of aircraft may hamper the commercial aircraft MRO market growth. Moreover, high costs of spare parts and components, along with aircraft downtime losses during complex operations, will incur a significant amount of time and complexities.
 

However, to counter this issue, industry players are investing in innovative sensors and RFID technologies for sorting out the components and parts conveniently, thereby improving their business efficiency.
 

Technological advancements will lead to up-gradation of systems and software modules

Commercial Aircraft MRO Market By MRO Services

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Modifications will be the fastest growing segment in the commercial aircraft MRO market, with a growth rate of 7% till 2026. The segment includes paintings, avionics upgrades, and interiors among others. The advancements in technologies along with improvements in software systems play a major role in enhancing the system performance, thereby boosting the market value. Increasing focus on flight safety and autonomous control will positively influence the trends of modification segment over the coming years.
 

Entering new product segments and catering to new customers remain the focus of airline third-party MROs

Airline third party MROs will hold a fifth of the global market share through 2026. These companies are usually the maintenance and servicing subsidiaries of airlines and offer commercial aircraft MRO services for multiple airline companies.
 

Few of the major operating players include Ameco Beijing, Lufthansa Technik, KLM Engineering, etc. Players are evaluating multiple business alternatives for entering new segments and improving their business share. For instance, in 2020, Vietnam Airlines and ST Engineering announced their plans to enter the airframe MRO segment.
 

Low-cost carriers and improved travel route networking to boost narrow-body aircraft share

Narrow-body aircraft will dominate the market with over 50% share during the study timeframe. The rising air passenger traffic owing to proliferating tourism industry and improving spending capability is driving the segment growth. The increasing demand for low-cost carriers offering attractive air tickets at significantly lower prices further boosts the segment size.
 

Moreover, aircraft manufacturers are continuously innovating and launching out new models for catering to the ever-growing demand for such aircraft. For instance, in June 2019, Airbus launched its longest-range single-aisle A321XLR aircraft.
 

Replacement of aging fleet and overhaul of older technologies will boost MEA share

Commercial Aircraft MRO Market By Region

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Middle East & Africa commercial aircraft MRO market will showcase a healthy growth of around 6% during the forecast period. The increasing number of aging aircraft fleet coupled with older technologies in aircrafts is providing a positive outlook to the overall market.
 

Additionally, rising tourism along with the availability of technologically advanced and next generation widebody aircrafts is boosting the market revenue in the region. Additionally, digitalization and next-generation MRO services will further boost the regional size.
 

Strategic long-term contracts to remain the major basis for business expansion

Strategic long-term partnerships and contracts are set to play a major role in boosting the industry players revenue share. For instance, in February 2020, Pratt & Whitney announced a strategic partnership with Air India Engineering Services Ltd (AIESL) for carrying out maintenance of all types of aircraft engines.
 

Some of the key players operating in the market are Boeing Company, Airbus, Gameco, Delta TechOps, GE Aviation, ST Aerospace, and MTU Aero Engines AG among others.
 

The market research report on commercial aircraft MRO includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026, for the following segments:

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

The above information is provided on a regional and country basis for the following:

  • 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

 

Frequently Asked Questions (FAQ) :

The market size of commercial aircraft MRO surpassed USD 78 billion in 2019.
The industry share of commercial aircraft MRO is estimated to exhibit over 6% CAGR between 2020 and 2026.
MEA market will showcase a healthy growth of around 6% during the forecast period led by increasing number of aging aircraft fleet coupled with older technologies in aircrafts.
According to this forecast report by GMI, the narrow-body aircraft will dominate the industry with over 50% share during the study timeframe.
Some of the key players operating in the market are Boeing Company, Airbus, Gameco, Delta TechOps, GE Aviation, ST Aerospace, and MTU Aero Engines AG among others.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 141
  • Tables: 181
  • Charts / Figures: 21
  • Companies covered: 15
  • Countries covered: 24

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