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
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
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
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
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.
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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.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Commercial Aircraft MRO Market Size in 2020 | USD 71,632.5 Million |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 4.9% |
| 2027 Value Projection | USD 97,755.3 Million |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 141 |
| Tables, Charts & Figures | 203 |
| Segments covered | MRO Services, Service Provider, Aircraft |
| Growth Drivers |
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| Pitfalls & Challenges |
|
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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.
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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.
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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.
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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
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Market definition
1.2 Base estimates & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
1.4.1 Secondary
1.4.1.1 Paid
1.4.1.2 Unpaid
1.4.2 Primary
Chapter 2 Executive Summary
2.1 Commercial aircraft MRO industry 3600 synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 MRO Services trends
2.1.3 Service provider trends
2.1.4 Aircraft trends
2.1.5 Regional trends
Chapter 3 Commercial Aircraft MRO Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017 - 2027
3.3 COVID 19 impact on industry landscape
3.4 Industry ecosystem analysis
3.4.1 Distribution channel analysis
3.4.2 Value chain disruption analysis (COVID 19 impact)
3.4.3 Vendor matrix
3.5 Cost structure analysis
3.6 Technology landscape
3.7 Regulatory landscape
3.7.1 U.S.
3.7.2 Europe
3.7.3 APAC
3.8 Pricing trends
3.8.1 North America
3.8.2 Europe
3.8.3 Asia Pacific
3.8.4 Latin America
3.8.5 MEA
3.9 Industry impact forces
3.9.1 Growth driver
3.9.1.1 Rising demand for low-cost carriers
3.9.1.2 The maintenance requirement for the in-service and aging fleet
3.9.1.3 Stringent airworthiness norms and policies
3.9.1.4 Digitalization of aircraft MRO services
3.9.2 Industry pitfalls & challenges
3.9.2.1 Higher costs associated with aircraft components and spare parts
3.9.2.2 Aircraft downtime due to carrying out of complex MRO operations
3.10 Innovation & sustainability
3.11 Growth potential analysis, 2020
3.12 Porter's analysis
3.12.1 Supplier power
3.12.2 Buyer power
3.12.3 Threat of new entrants
3.12.4 Industry rivalry
3.12.5 Threat of substitutes
3.13 Company market share analysis, 2020
3.13.1 Top players analysis
3.13.2 Strategy dashboard
3.13.3 Key stakeholders
3.14 PESTEL analysis
3.15 COVID-19 impact on commercial aircraft MRO market
Chapter 4 Commercial Aircraft MRO Market, By MRO Services
4.1 Global commercial aircraft MRO market share, by MRO services, 2020 & 2027
4.2 Modifications
4.2.1 Global Market estimates and forecast, 2017 - 2027
4.2.2 Market estimates and forecast, by region, 2017 – 2027
4.2.3 Paintings
4.2.3.1 Global Market estimates and forecast, 2017 – 2027
4.2.3.2 Market estimates and forecast, by region 2017 – 2027
4.2.4 Avionics Upgrades
4.2.4.1 Global Market estimates and forecast, 2017 – 2027
4.2.4.2 Market estimates and forecast, by region 2017 - 2027
4.2.5 Interiors
4.2.5.1 Global Market estimates and forecast, 2017 – 2027
4.2.5.2 Market estimates and forecast, by region 2017 - 2027
4.2.6 Others
4.2.6.1 Global Market estimates and forecast, 2017 – 2027
4.2.6.2 Market estimates and forecast, by region 2017 - 2027
4.3 Airframe
4.3.1 Global Market estimates and forecast, 2017 - 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
4.4 Components
4.4.1 Global Market estimates and forecast, 2017 - 2027
4.4.2 Market estimates and forecast, by region, 2017 – 2027
4.4.3 Wheels & Brakes
4.4.3.1 Global Market estimates and forecast, 2017 – 2027
4.4.3.2 Market estimates and forecast, by region 2017 – 2027
4.4.4 Avionics
4.4.4.1 Global Market estimates and forecast, 2017 – 2027
4.4.4.2 Market estimates and forecast, by region 2017 - 2027
4.4.5 Auxiliary Power Unit
4.4.5.1 Global Market estimates and forecast, 2017 – 2027
4.4.5.2 Market estimates and forecast, by region 2017 - 2027
4.4.6 Fuel Systems
4.4.6.1 Global Market estimates and forecast, 2017 – 2027
4.4.6.2 Market estimates and forecast, by region 2017 – 2027
4.4.7 Hydraulic Power
4.4.7.1 Global Market estimates and forecast, 2017 – 2027
4.4.7.2 Market estimates and forecast, by region 2017 – 2027
4.4.8 Flight Controls
4.4.8.1 Global Market estimates and forecast, 2017 – 2027
4.4.8.2 Market estimates and forecast, by region 2017 - 2027
4.4.9 Thrust Reversers
4.4.9.1 Global Market estimates and forecast, 2017 – 2027
4.4.9.2 Market estimates and forecast, by region 2017 - 2027
4.4.10 Landing Gear
4.4.10.1 Global Market estimates and forecast, 2017 – 2027
4.4.10.2 Market estimates and forecast, by region 2017 - 2027
4.4.11 Electrical
4.4.11.1 Global Market estimates and forecast, 2017 – 2027
4.4.11.2 Market estimates and forecast, by region 2017 – 2027
4.4.12 Others
4.4.12.1 Global Market estimates and forecast, 2017 – 2027
4.4.12.2 Market estimates and forecast, by region 2017 - 2027
4.5 Line
4.5.1 Global Market estimates and forecast, 2017 - 2027
4.5.2 Market estimates and forecast, by region, 2017 - 2027
4.6 Engine
4.6.1 Global Market estimates and forecast, 2017 - 2027
4.6.2 Market estimates and forecast, by region, 2017 – 2027
4.7 Others
4.7.1 Global Market estimates and forecast, 2017 - 2027
4.7.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 5 Commercial Aircraft MRO Market, By Service Provider
5.1 Global commercial aircraft MRO market share, by service provider, 2020 & 2027
5.2 OEM
5.2.1 Global Market estimates and forecast, 2017 - 2027
5.2.2 Market estimates and forecast, by region, 2017 - 2027
5.3 Operator/Airline In-House
5.3.1 Global Market estimates and forecast, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.4 Airline Third Party
5.4.1 Global Market estimates and forecast, 2017 - 2027
5.4.2 Market estimates and forecast, by region, 2017 - 2027
5.5 Independent
5.5.1 Global Market estimates and forecast, 2017 - 2027
5.5.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 6 Commercial Aircraft MRO Market, By Aircraft
6.1 Global commercial aircraft MRO market share, by service provider, 2020 & 2027
6.2 Narrowbody
6.2.1 Global Market estimates and forecast, 2017 - 2027
6.2.2 Market estimates and forecast, by region, 2017 - 2027
6.3 Widebody
6.3.1 Global Market estimates and forecast, 2017 - 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
6.4 Regional Jet
6.4.1 Global Market estimates and forecast, 2017 - 2027
6.4.2 Market estimates and forecast, by region, 2017 - 2027
6.5 Turboprop
6.5.1 Global Market estimates and forecast, 2017 - 2027
6.5.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 7 Commercial Aircraft MRO Market, By Region
7.1 Global commercial aircraft MRO market share, by region, 2020 & 2027
7.2 North America
7.2.1 Market estimates and forecast, 2017 - 2027
7.2.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.2.3 Market estimates and forecast, by service provider, 2017 – 2027
7.2.4 Market estimates and forecast, by aircraft, 2017 - 2027
7.2.5 U.S.
7.2.5.1 Market estimates and forecast, 2017 - 2027
7.2.5.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.2.5.3 Market estimates and forecast, by service provider, 2017 – 2027
7.2.5.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.2.6 Canada
7.2.6.1 Market estimates and forecast, 2017 - 2027
7.2.6.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.2.6.3 Market estimates and forecast, by service provider, 2017 – 2027
7.2.6.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.3 Europe
7.3.1 Market estimates and forecast, 2017 - 2027
7.3.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.3.3 Market estimates and forecast, by service provider, 2017 – 2027
7.3.4 Market estimates and forecast, by aircraft, 2017 - 2027
7.3.5 Germany
7.3.5.1 Market estimates and forecast, 2017 - 2027
7.3.5.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.3.5.3 Market estimates and forecast, by service provider, 2017 – 2027
7.3.5.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.3.6 UK
7.3.6.1 Market estimates and forecast, 2017 - 2027
7.3.6.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.3.6.3 Market estimates and forecast, by service provider, 2017 – 2027
7.3.6.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.3.7 France
7.3.7.1 Market estimates and forecast, 2017 - 2027
7.3.7.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.3.7.3 Market estimates and forecast, by service provider, 2017 – 2027
7.3.7.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.3.8 Italy
7.3.8.1 Market estimates and forecast, 2017 - 2027
7.3.8.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.3.8.3 Market estimates and forecast, by service provider, 2017 – 2027
7.3.8.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.4 Asia Pacific
7.4.1 Market estimates and forecast, 2017 - 2027
7.4.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.4 Market estimates and forecast, by aircraft, 2017 - 2027
7.4.5 China
7.4.5.1 Market estimates and forecast, 2017 - 2027
7.4.5.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.5.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.5.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.4.6 India
7.4.6.1 Market estimates and forecast, 2017 - 2027
7.4.6.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.6.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.6.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.4.7 Japan
7.4.7.1 Market estimates and forecast, 2017 - 2027
7.4.7.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.7.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.7.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.4.8 Australia
7.4.8.1 Market estimates and forecast, 2017 - 2027
7.4.8.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.8.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.8.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.4.9 Thailand
7.4.9.1 Market estimates and forecast, 2017 - 2027
7.4.9.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.9.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.9.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.4.10 Singapore
7.4.10.1 Market estimates and forecast, 2017 - 2027
7.4.10.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.10.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.10.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.4.11 South Korea
7.4.11.1 Market estimates and forecast, 2017 - 2027
7.4.11.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.4.11.3 Market estimates and forecast, by service provider, 2017 – 2027
7.4.11.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.5 Latin America
7.5.1 Market estimates and forecast, 2017 - 2027
7.5.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.5.3 Market estimates and forecast, by service provider, 2017 – 2027
7.5.4 Market estimates and forecast, by aircraft, 2017 - 2027
7.5.5 Brazil
7.5.5.1 Market estimates and forecast, 2017 - 2027
7.5.5.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.5.5.3 Market estimates and forecast, by service provider, 2017 – 2027
7.5.5.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.5.6 Mexico
7.5.6.1 Market estimates and forecast, 2017 - 2027
7.5.6.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.5.6.3 Market estimates and forecast, by service provider, 2017 – 2027
7.5.6.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.5.7 Argentina
7.5.7.1 Market estimates and forecast, 2017 - 2027
7.5.7.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.5.7.3 Market estimates and forecast, by service provider, 2017 – 2027
7.5.7.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.6 Middle East & Africa (MEA)
7.6.1 Market estimates and forecast, 2017 - 2027
7.6.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.6.3 Market estimates and forecast, by service provider, 2017 – 2027
7.6.4 Market estimates and forecast, by aircraft, 2017 - 2027
7.6.5 UAE
7.6.5.1 Market estimates and forecast, 2017 - 2027
7.6.5.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.6.5.3 Market estimates and forecast, by service provider, 2017 – 2027
7.6.5.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.6.6 Qatar
7.6.6.1 Market estimates and forecast, 2017 - 2027
7.6.6.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.6.6.3 Market estimates and forecast, by service provider, 2017 – 2027
7.6.6.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.6.7 Saudi Arabia
7.6.7.1 Market estimates and forecast, 2017 - 2027
7.6.7.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.6.7.3 Market estimates and forecast, by service provider, 2017 – 2027
7.6.7.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.6.8 South Africa
7.6.8.1 Market estimates and forecast, 2017 - 2027
7.6.8.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.6.8.3 Market estimates and forecast, by service provider, 2017 – 2027
7.6.8.4 Market estimates and forecast, by aircraft, 2017 – 2027
7.6.9 Iran
7.6.9.1 Market estimates and forecast, 2017 - 2027
7.6.9.2 Market estimates and forecast, by MRO services, 2017 – 2027
7.6.9.3 Market estimates and forecast, by service provider, 20