Report Detail
Aircraft MRO Market to 2027 - Global Analysis and Forecasts By Component (Engine, Avionics, Airframe, Cabin, Landing Gear, and Others); Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft); End-users (Commercial and Military)
- RnM3865176 |
- 13 January, 2020 |
- Global |
- 154 Pages |
- The Insight Partners |
- Aerospace & Defense
The global aircraft MRO market accounted for US$ 80.38 Bn in 2018 and is expected to grow at a CAGR of 4.6% over the forecast period 2019-2027, to account for US$ 119.41 Bn by 2027. Considering the growing competition worldwide, the implementation of digital technologies is a necessary step toward the growth of MRO companies; this helps them create a continuous stream of data flowing through different levels of the supply chain, further streamlining the communication between the stakeholders and accelerating innovation in various operations. The digital transformation in the aviation industry substantially impacts all areas of the supply chain of the aviation industry, including air traffic management, aircraft operations, and aircraft and component manufacturing and servicing. The data-driven technologies such as data analytics which helps in tracking aircraft MRO activities in real-time would also optimize the air travel experience of crew and passengers. In addition, other advanced technologies such as AI and machine learning facilitates the airline crew and management to understand the airworthiness of the aircraft. This enable the airline to opt for MRO services. Also, the MRO service providers incorporate AI technologies to boost their procedures by easily and efficiently conducting visual checks and understanding the degree of maintenance and repairs required on the aircraft. Thus, growing trend of inclusion of digital technologies such as AI and machine learning is driving the aircraft MRO market.
Furthermore, to implement digitization in the aviation industry for automating and streamlining the processes, governments around the world are undertaking initiatives to spread awareness about digital technologies. For instance, IATA, a US government regulated body, initiated digital aircraft operation that enable airlines in recognizing the aircraft component that require more effective maintenance, repair, and overhaul activities. Thus, such governmental initiatives encourage the airlines to opt for MRO activities frequently, which further help the airports to boost their aircraft MRO facilities. Hence, growing demand for digital technologies among the airlines as well as aircraft MRO service providers to boost respective business is catalyzing the growth of aircraft MRO market.
The Asia Pacific is a diverse region that houses more than 4 billion population, and also comprises of dynamic economies that cumulatively generate 35% of the global GDP. The aviation industry in the region is widely a pivotal contributor to its social and economic development. In the year 2017, Asia Pacific surpassed North America in terms of the leading digital travel market. The growth of Asia has been primarily contributed by the wide range of income levels and rapidly growing middle class. This resulted in robust sales gain in fast-developing economies of the region, such as India and China. APAC is expected to be the region experiencing ample of opportunities for providers of aircraft MRO services.
Additionally, the aviation industry in the Southeast Asia region is one of the fastest-growing in Asia as well as globally. In 2017, Thailand's Suvarnabhumi Airport and Singapore's Changi Airport became the first airports in the Southeast Asia region that handled more than 60 million annual passengers. Apart from swift economic growth, the immense growth of low-cost carriers has been the main driver of air traffic growth in the Southeast Asia region which also impact the growth of aircraft MRO market positively. Thus, potential countries in terms of the aviation industry in Southeast Asia region, such as Singapore, Malaysia, Thailand, and others, generate more revenue for the aircraft MRO market in the APAC region.
The global aircraft MRO market has been segmented on the basis of component, aircraft type, and end-user. Based on component, the aircraft MRO market has been segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. Based on aircraft type, aircraft MRO market has been segmented into fixed wing aircraft and rotary wing aircraft. Further, based on end-user, aircraft MRO market has been segmented into commercial and military.
The global aircraft MRO market has also been analyzed on basis of five major regions such as North America, Europe, APAC, MEA, and SAM. The major players profiled in the global aircraft MRO market are AAR Corp, Barnes Group Inc., Collins Aerospace, Inc., Delta TechOps, FL Technics, GE Aviation, Lufthansa Technik AG, Rolls-Royce PLC, Singapore Technologies Engineering Ltd, and Turkish Technic Inc.
The overall global aircraft MRO market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global aircraft MRO market. It also provides an overview and forecast for the aircraft MRO market based on all the segmentation provided for the global region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the aircraft MRO industry.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Aircraft MRO Market Landscape
- 4.1 market overview
- 4.2 Ecosystem Analysis
- 4.3 Porter’s Five Forces Analysis
5. Aircraft MRO Market - Key Industry Dynamics
- 5.1 Drivers
- 5.1.1 Growing Demand for MRO Services in Emerging Economies
- 5.1.2 Emergence of Digital Technology for MRO Industry
- 5.2 Restraints
- 5.2.1 OEMs Entering the Aftermarket
- 5.3 Opportunities
- 5.3.1 Accentuating Trend of Retrofitting of Older Aircraft Fleet
- 5.4 Future Trends
- 5.4.1 Blockchain Technology Changing MRO Landscape
- 5.5 Impact Analysis of Drivers and Restraints
6. Aircraft MRO Market - Global Analysis
- 6.1 Global Aircraft MRO Market Overview
- 6.2 Global Aircraft MRO Market Forecast and Analysis
- 6.3 Market Positioning
7. Aircraft MRO Market Revenue And Forecast To 2027 - Component
- 7.1 Overview
- 7.2 Global aircraft MRO Market Breakdown, By Component, 2018 and 2027
- 7.3 Engine MRO Market
- 7.3.1 Overview
- 7.3.2 Engine MRO Market Forecast and Analysis
- 7.4 Avionics MRO Market
- 7.4.1 Overview
- 7.4.2 Avionics MRO Market Forecast and Analysis
- 7.5 Airframe MRO Market
- 7.5.1 Overview
- 7.5.2 Airframe MRO Market Forecast and Analysis
- 7.6 Cabin MRO Market
- 7.6.1 Overview
- 7.6.2 Cabin MRO Market Forecast and Analysis
- 7.7 Landing Gear MRO Market
- 7.7.1 Overview
- 7.7.2 Landing Gear MRO Market Forecast and Analysis
- 7.8 Other Market
- 7.8.1 Overview
- 7.8.2 Other Market Forecast and Analysis
8. Aircraft MRO Market Revenue And Forecast To 2027- By Aircraft Type
- 8.1 Overview
- 8.2 Aircraft MRO Market Breakdown, By Aircraft Type, 2018 and 2027
- 8.3 Fixed Wing Market
- 8.3.1 Overview
- 8.3.2 Fixed Wing Market Revenue And Forecast to 2027 (US$ Bn)
- 8.4 Rotary Wing Market
- 8.4.1 Overview
- 8.4.2 Rotary Wing Market Revenue And Forecast to 2027 (US$ Bn)
9. Aircraft MRO Market Revenue And Forecast To 2027- By End-User
- 9.1 Overview
- 9.2 Aircraft MRO Market Breakdown, By End-User, 2018 and 2027
- 9.3 Commercial Market
- 9.3.1 Overview
- 9.3.2 Commercial Market Forecast and Analysis
- 9.4 Military Market
- 9.4.1 Overview
- 9.4.2 Military Market Forecast and Analysis
10. Aircraft MRO Market - Geographical Analysis
- 10.1 Overview
- 10.2 North America Aircraft MRO Market Revenue and Forecast To 2027
- 10.2.1 Overview
- 10.2.2 North America Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.2.3 North America Aircraft MRO Market Breakdown, By Component
- 10.2.4 North America Aircraft MRO Market Breakdown, By Aircraft Type
- 10.2.5 North America Aircraft MRO Market Breakdown, By End-Users
- 10.2.6 North America Aircraft MRO Market Breakdown, By Country
- 10.2.6.1 US Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.2.6.1.1 US Aircraft MRO Market Breakdown, By Component
- 10.2.6.1.2 US Aircraft MRO Market Breakdown, By Aircraft Type
- 10.2.6.1.3 US Aircraft MRO Market Breakdown, By End-Users
- 10.2.6.2 Canada Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.2.6.3 Canada Aircraft MRO Market Breakdown, By Component
- 10.2.6.3.1 Canada Aircraft MRO Market Breakdown, By Aircraft Type
- 10.2.6.3.2 Canada Aircraft MRO Market Breakdown, By End-Users
- 10.2.6.4 Mexico Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.2.6.4.1 Mexico Aircraft MRO Market Breakdown, By Component
- 10.2.6.4.2 Mexico Aircraft MRO Market Breakdown, By Aircraft Type
- 10.2.6.4.3 Mexico Aircraft MRO Market Breakdown, By End-Users
- 10.3 Europe Aircraft MRO Market Revenue and Forecast To 2027
- 10.3.1 Overview
- 10.3.2 Europe Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.3.3 Europe Aircraft MRO Market Breakdown, By Component
- 10.3.4 Europe Aircraft MRO Market Breakdown, By Aircraft Type
- 10.3.5 Europe Aircraft MRO Market Breakdown, By End-Users
- 10.3.6 Europe Aircraft MRO Market Breakdown, By Country
- 10.3.6.1 Germany Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.3.6.1.1 Germany Aircraft MRO Market Breakdown, By Component
- 10.3.6.1.2 Germany Aircraft MRO Market Breakdown, By Aircraft Type
- 10.3.6.1.3 Germany Aircraft MRO Market Breakdown, By End-Users
- 10.3.6.2 UK Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.3.6.2.1 UK Aircraft MRO Market Breakdown, By Component
- 10.3.6.2.2 UK Aircraft MRO Market Breakdown, By Aircraft Type
- 10.3.6.2.3 UK Aircraft MRO Market Breakdown, By End-Users
- 10.3.6.3 France Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.3.6.3.1 France Aircraft MRO Market Breakdown, By Component
- 10.3.6.3.2 France Aircraft MRO Market Breakdown, By Aircraft Type
- 10.3.6.3.3 France Aircraft MRO Market Breakdown, By End-Users
- 10.3.6.4 Italy Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.3.6.4.1 Italy Aircraft MRO Market Breakdown, By Component
- 10.3.6.4.2 Italy Aircraft MRO Market Breakdown, By Aircraft Type
- 10.3.6.4.3 Italy Aircraft MRO Market Breakdown, By End-Users
- 10.3.6.5 Russia Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.3.6.5.1 Russia Aircraft MRO Market Breakdown, By Component
- 10.3.6.5.2 Russia Aircraft MRO Market Breakdown, By Aircraft Type
- 10.3.6.5.3 Russia Aircraft MRO Market Breakdown, By End-Users
- 10.3.6.6 Rest of Europe Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.3.6.6.1 Rest of Europe Aircraft MRO Market Breakdown, By Component
- 10.3.6.6.2 Rest of Europe Aircraft MRO Market Breakdown, By Aircraft Type
- 10.3.6.6.3 Rest of Europe Aircraft MRO Market Breakdown, By End-Users
- 10.4 APAC Aircraft MRO Market, Revenue and Forecast To 2027
- 10.4.1 Overview
- 10.4.2 APAC Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
- 10.4.3 APAC Aircraft MRO Market Breakdown, By Component
- 10.4.4 APAC Aircraft MRO Market Breakdown, By Aircraft Type
- 10.4.5 APAC Aircraft MRO Market Breakdown, By End-Users
- 10.4.6 APAC Aircraft MRO Market Breakdown, By Country
- 10.4.6.1 Australia Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
- 10.4.6.1.1 Australia Aircraft MRO Market Breakdown, By Component
- 10.4.6.1.2 Australia Aircraft MRO Market Breakdown, By Aircraft Type
- 10.4.6.1.3 Australia Aircraft MRO Market Breakdown, By End-Users
- 10.4.6.2 China Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
- 10.4.6.2.1 China Aircraft MRO Market Breakdown, By Component
- 10.4.6.2.2 China Aircraft MRO Market Breakdown, By Aircraft Type
- 10.4.6.2.3 China Aircraft MRO Market Breakdown, By End-Users
- 10.4.6.3 Japan Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
- 10.4.6.3.1 Japan Aircraft MRO Market Breakdown, By Component
- 10.4.6.3.2 Japan Aircraft MRO Market Breakdown, By Aircraft Type
- 10.4.6.3.3 Japan Aircraft MRO Market Breakdown, By End-Users
- 10.4.6.4 India Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
- 10.4.6.4.1 India Aircraft MRO Market Breakdown, By Component
- 10.4.6.4.2 India Aircraft MRO Market Breakdown, By Aircraft Type
- 10.4.6.4.3 India Aircraft MRO Market Breakdown, By End-Users
- 10.4.6.5 South Korea Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
- 10.4.6.5.1 South Korea Aircraft MRO Market Breakdown, By Component
- 10.4.6.5.2 South Korea Aircraft MRO Market Breakdown, By Aircraft Type
- 10.4.6.5.3 South Korea Aircraft MRO Market Breakdown, By End-Users
- 10.4.6.6 Rest of APAC Aircraft MRO Market, Revenue and Forecast To 2027 (US$ Bn)
- 10.4.6.6.1 Rest of APAC Aircraft MRO Market Breakdown, By Component
- 10.4.6.6.2 Rest of APAC Aircraft MRO Market Breakdown, By Aircraft Type
- 10.4.6.6.3 Rest of APAC Aircraft MRO Market Breakdown, By End-Users
- 10.5 MEA Aircraft MRO Market Revenue and Forecast To 2027
- 10.5.1 Overview
- 10.5.2 MEA Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.5.3 MEA Aircraft MRO Market Breakdown, By Component
- 10.5.4 MEA Aircraft MRO Market Breakdown, By Aircraft Type
- 10.5.5 MEA Aircraft MRO Market Breakdown, By End-Users
- 10.5.6 MEA Aircraft MRO Market Breakdown, By Country
- 10.5.6.1 UAE Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.5.6.1.1 UAE Aircraft MRO Market Breakdown, By Component
- 10.5.6.1.2 UAE Aircraft MRO Market Breakdown, By Aircraft Type
- 10.5.6.1.3 UAE Aircraft MRO Market Breakdown, By End-Users
- 10.5.6.2 Saudi Arabia Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.5.6.2.1 Saudi Arabia Aircraft MRO Market Breakdown, By Component
- 10.5.6.2.2 Saudi Arabia Aircraft MRO Market Breakdown, By Aircraft Type
- 10.5.6.2.3 Saudi Arabia Aircraft MRO Market Breakdown, By End-Users
- 10.5.6.3 South Africa Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.5.6.3.1 South Africa Aircraft MRO Market Breakdown, By Component
- 10.5.6.3.2 South Africa Aircraft MRO Market Breakdown, By Aircraft Type
- 10.5.6.3.3 South Africa Aircraft MRO Market Breakdown, By End-Users
- 10.5.6.4 Rest of MEA Aircraft MRO Market Revenue and Forecast To 2027 (US$ Bn)
- 10.5.6.4.1 Rest of MEA Aircraft MRO Market Breakdown, By Component
- 10.5.6.4.2 Rest of MEA Aircraft MRO Market Breakdown, By Aircraft Type
- 10.5.6.4.3 Rest of MEA Aircraft MRO Market Breakdown, By End-Users
- 10.6 South America Aircraft MRO Market, Revenue and Forecast to 2027
- 10.6.1 Overview
- 10.6.2 South America Aircraft MRO Market, Revenue and Forecast, 2018 - 2027 (US$ Bn)
- 10.6.3 South America Aircraft MRO Market Breakdown, By Component
- 10.6.4 South America Aircraft MRO Market Breakdown, By Aircraft Type
- 10.6.5 South America Aircraft MRO Market Breakdown, By End-Users
- 10.6.6 South America Aircraft MRO Market Breakdown, By Country
- 10.6.6.1 Brazil Aircraft MRO Market, Revenue and Forecast, 2018 - 2027(US$ Bn)
- 10.6.6.1.1 Brazil Aircraft MRO Market Breakdown, By Component
- 10.6.6.1.2 Brazil Aircraft MRO Market Breakdown, By Aircraft Type
- 10.6.6.1.3 Brazil Aircraft MRO Market Breakdown, By End-Users
- 10.6.6.2 Argentina Aircraft MRO Market, Revenue and Forecast, 2018 - 2027(US$ Bn)
- 10.6.6.2.1 Argentina Aircraft MRO Market Breakdown, By Component
- 10.6.6.2.2 Argentina Aircraft MRO Market Breakdown, By Aircraft Type
- 10.6.6.2.3 Argentina Aircraft MRO Market Breakdown, By End-Users
- 10.6.6.3 Rest of South America Aircraft MRO Market, Revenue and Forecast, 2018 - 2027(US$ Bn)
- 10.6.6.3.1 Rest of South America Aircraft MRO Market Breakdown, By Component
- 10.6.6.3.2 Rest of South America Aircraft MRO Market Breakdown, By Aircraft Type
- 10.6.6.3.3 Rest of South America Aircraft MRO Market Breakdown, By End-Users
11. Industry Landscape
- 11.1 Market Initiative
12. Company Profiles
- 12.1 aar corp.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Barnes Group Inc.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Collins Aerospace
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Delta TechOps
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 FLTechnics
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 GE Aviation
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Lufthansa Technik
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Rolls-Royce plc.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Singapore Technologies Engineering Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Turkish Technic
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms
Summary:
Get latest Market Research Reports on Aircraft MRO . Industry analysis & Market Report on Aircraft MRO is a syndicated market report, published as Aircraft MRO Market to 2027 - Global Analysis and Forecasts By Component (Engine, Avionics, Airframe, Cabin, Landing Gear, and Others); Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft); End-users (Commercial and Military). It is complete Research Study and Industry Analysis of Aircraft MRO market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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