Aviation Mro Market | Contrive Datum Insights

The global Aviation MRO Market is valued at USD 87.01 billion in 2022 and is projected to grow at a CAGR of 4.57% from 2022 to 2030.

Aviation MRO Market Overview

Maintenance, Repair and Overhaul is abbreviated as MRO. The specific maintenance, service or inspection of an aircraft is called Aviation MRO. Perform all maintenance operations to ensure the safety and airworthiness of the air transport and are covered by this practice. Aviation MROs can vary greatly depending on the type of business. Listed below are six of the most popular MRO aviation maintenance business models and facility types worldwide. The second part of our two-part MRO series, Aviation MRO Business Model Category, takes a deeper look at each of them.

New business opportunities are expected to emerge with increasing investments in aviation MRO software. Maintenance tracking, log tracking, flight time monitoring, service bulletin management, maintenance scheduling, electronic task card management, budget forecasting, and work order management are some of the features included in aircraft MRO software. It also includes regulatory compliance capabilities with agencies such as the Federal Aviation Administration (FAA) and the International Civil Aviation Organization (ICAO). Moreover, increasing demand for older aircraft coupled with environmental concerns has emphasized continuous monitoring and maintenance of older aircraft, thereby driving the industry.

The Aviation MRO Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Aviation MRO market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Airbus Helicopters, Rolls Royce Holdings PLC, Leonardo S.p.A, Sikorsky Aircraft, Turbomeca (Safran), Bell Helicopter, Heli-One, Honeywell Aerospace, Staero, StandardAero and Others., and others.

Industry Development:

In May 2022, Jet Support Services, Inc. (JSSI), the industry's top autonomous provider of maintenance support and organizational services, can now add software to its list of services. JSSI announced the formation of JSSI Maintenance Software, a new business unit that will bring together the company's growing line of technical support maintenance products.

What are the major Applications, Types, and Regions for the Aviation MRO Market?

On the Basis of Type:

By Organization Type

• Independent MRO
• Original Equipment Manufacturer (OEM) MRO
• Airline/Operator MRO

By Service Type

• Airframe Maintenance
• Modification
• Engine Overhaul
• Components
• Line Maintenance

Aviation MRO Market Regional Insights:

North America leads the Aviation MRO market in 2021, with the U.S. economy estimated to be worth USD 9.9 billion. China, the second largest economy in the world, is expected to reach a market size of USD 6.3 billion by 2026, at a CAGR of 5.9% throughout the forecast period. Japan and Canada are two other important geographic markets with growth rates of 2.2% and 2.3%, respectively, during the forecast period.
Germany is expected to grow at a CAGR of around 2.8% in Europe. Low labor costs, easy access to experienced workers, and improved service levels make Asia Pacific a very attractive location for outsourcing and MRO. Low-cost labor markets such as Vietnam and Thailand are driving MRO growth for Asian companies. Currently, global airline operators outsource nearly 30% of wide and heavy airframe maintenance to China and the Asia-Pacific region. The repatriation of wide-body heavy repair work is expected to boost revenues in the stagnant MRO market in North America and Western Europe.

Geographically, the global Aviation MRO market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Aviation MRO Market Report Scope:

Frequently Asked Questions (FAQ) about the Aviation MRO market:

What is the CAGR of the global Aviation MRO market?

The Aviation MRO Market is growing at a CAGR of 4.57% during the forecast period.

Which region would offer high growth for vendors in the Aviation MRO market?

-North America leads the Aviation MRO market in 2021.
-Germany is expected to grow at a CAGR of around 2.8% in Europe.

Which Is the Most potential market segment?

By Organization Type

• Independent MRO
• Original Equipment Manufacturer (OEM) MRO
• Airline/Operator MRO

Which are the top industry players in the Aviation MRO market?

Airbus Helicopters, Rolls Royce Holdings PLC, Leonardo S.p.A, Sikorsky Aircraft, Turbomeca (Safran), Bell Helicopter, Heli-One, Honeywell Aerospace, Staero, StandardAero and Others.