Commercial Aircraft MRO Market Analysis

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.

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.
 

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.
 

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.