India Aviation MRO Market Segmented By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others), By End User (Commercial, Military, Aviation), By Region, Competition, Forecast and Opportunities 2029
Published Date: March - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Aviation MRO Market Segmented By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others), By End User (Commercial, Military, Aviation), By Region, Competition, Forecast and Opportunities 2029
| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 2.18 Billion |
| CAGR (2023-2029) | 7.34% |
| Fastest Growing Segment | Rotary Wing Aircraft |
| Largest Market | North |
India Aviation MRO Market was worth USD 2.18 Billion in 2023 and is estimated to be USD xx Billion by 2029, growing at a CAGR of 7.34% for the period 2025-2029.
The Indian aerospace and defense sector highly relies on the maintenance, repair, and overhaul (MRO) industry, ensuring availability and airworthiness of aircraft. India is a large civil aviation market and opening a significant development window for MRO centers in India will create new opportunities. India's predominantly MRO requirements are met through imports at present. India's domestic MRO market is yet to be developed but has vast development potential. The growth of the aviation sector will be the major driving force behind the growth of the industry. Until the local MRO industry matches its foreign rivals in size and scope of certified services, reliance on foreign MROs is likely to hold.
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Firms looking to enter and achieve the requirements of MRO in military aviation are observing this market closely due to expansion of the aviation sector, production capabilities for aircraft components and equipment, increasing interest among private players, and setting up some MRO units within India (largely with the help of OEMs). Few companies have exposure in this area by servicing civil aviation MRO bases, dealing with OEMs, or developing their own expertise. As the capabilities grow and privatization expands, additional companies are entering military aviation. One must remember that there are considerable differences between military and civil aviation standards, though.
Recent Developments
- The Indian government has taken various initiatives to promote MRO activities in the country. For instance,as of year 2021 the government has allowed 100% FDI in the MRO sector, which has attracted foreign investments. The government has also set up MRO facilities in various parts of the country, such as Nagpur, Hyderabad, and Bangalore. Similarly, Air India announced a purchase of 470 brand-new Boeing and Airbus aircraft in 2022, and it will generate revenue for India MRO market.
Market Overview
India Aviation MRO Market Drivers
India MRO demand is anticipated to grow much faster than the rest of the world and offer both, indigenous and foreign investors, OEMs, and leading MROs alike profitable investment opportunities. By collaborating and forming alliances, some domestic and foreign companies could very well consider investing in India's MRO sector. Some of the key developments in the market are the MoU between Air India Engineering Services Ltd. (AIESL) and Pratt & Whitney to establish a joint engine MRO facility in Mumbai and the collaboration between the Wadia group and SIA Engineering Company. These developments set the stage for a dynamic MRO market that will help give India a strong operational ecosystem for both domestic and foreign trade.
Sale and lease-back arrangement providing a wide spectrum of maintenance services for redelivery, a key part of an airline's and lessor's MRO needs is maintenance, especially in India, where the sale-and-leaseback arrangement is a common model. It is an important scope for both major maintenance and component overhauls. This is presently being performed largely outside India owing to the various legal and technical constraints.
One of the main trends in the Indian MRO sector is the adoption of new technologies such as big data analytics, artificial intelligence (AI), and Internet of Things (IoT) in order to boost operational efficiency and reduce costs. Another trend is the increased application of green MRO practices like recycling and reducing waste generation. Likewise in the forecast period, the growth in the fleet of the aviation industry in India is also likely to create new opportunity.
The growing aircraft fleet, enhanced air traffic, and government efforts to support MRO operations in the nation are some of the factors driving the Indian MRO industry's growth. The expansion of low-cost carriers and India's status as a hub for such carriers have both been factors in the expansion of the MRO sector in the country. In summary, the Indian MRO market is a vibrant industry with vast potential. Market players can capitalize on the opportunities presented by the growing demand for MRO services in the country. In the coming years, the Indian MRO industry is expected to grow as a result of government efforts to stimulate MRO activity in the country and growth in aviation traffic.
India Aviation MRO Market Challenges
The scale of economy benefit stops new MRO providers from joining the market because they are compelled to choose between entering on a large scale and risking an unfavorable reaction from existing businesses or entering in a limited capacity and taking a cost disadvantage. Both are undesirable choices. It is normally highlighted that unavailability of competent engineering, design, and technical manpower is an issue. The government has expanded its initiative to promote the aerospace industry more recently. Overall growth of the Indian MRO sector would create employment opportunities and may even stimulate reverse migration.
Despite the growth possibilities, there are some issues facing the Indian MRO market. One of the primary issues is the absence of skilled workers, which compromises the quality of the services being offered and the development of the market. The high tax regime, which involves customs duty, is another challenge that raises the price of MRO services, making them less competitive in the international market. The absence of adequate infrastructure, including maintenance workshops and testing equipment, is also a challenge that impacts the growth of the market.
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Market Opportunities
Prospects in the India MRO industry are immense, and market players can benefit from them by providing specialized services, including engine repair, component repair, overhaul, and avionics repair. The industry also provides opportunities for players to establish MRO facilities in other regions of the country, as demand for MRO services is likely to rise in the near future. Government policies are also creating new opportunities. Thus overall in the forecast period, the market will be growing at a remarkable rate.
Market Segmentation
The India aviation MRO industry is segregated by aircraft type, component, end user, company, and region. Depending upon aircraft type, the market is segregated by fixed wing aircraft and rotary wing aircraft. Depending upon component, the market is segregated into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The market analysis also examines the region wise segregation to strategize market into North, South, West & East India
Company Profiles
Air India Engineering Services Ltd (AIESL), Air Works India Engineering Pvt. Ltd, Deccan Charters Private Limited, Indamer Aviation Pvt. Ltd., Max MRO Private Limited, Taj Air Ltd, GMR Aero Technic Limited, and Bird ExecuJet Airport Services Pvt Ltd.
|
Attribute |
Details |
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Base Year |
2023 |
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Historical Years |
2019 – 2022 |
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Estimated Year |
2024 |
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Forecast Period |
2025 – 2029 |
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Quantitative Units |
Revenue in USD Billion, and CAGR for 2019-2023 and 2024-2029 |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
Aircraft Type Component End User Region |
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Regional Scope |
East India, West India, North India, and South India. |
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Country Scope |
India |
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Key Companies Profiled |
Air India Engineering Services Ltd (AIESL), Air Works India Engineering Pvt. Ltd, Deccan Charters Private Limited, Indamer Aviation Pvt. Ltd., Max MRO Private Limited, Taj Air Ltd, GMR Aero Technic Limited, and Bird ExecuJet Airport Services Pvt Ltd. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options. |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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