Aerospace MRO in Asia-Pacific
Summary
Aerospace MRO in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Aerospace MRO refers to the maintenance, repair, and overhaul of an aircraft or its parts. It includes all the actions that have the objective of retaining or restoring the items or components of an aircraft.
- The Asia-Pacific aerospace MRO market had total revenues of $19,176.5 million in 2023, representing a negative compound annual growth rate (CAGR) of 2.6% between 2018 and 2023.
- The civil aerospace segment accounted for the market's largest proportion in 2023, with total revenues of $16,376.5 million, equivalent to 85.4% of the market's overall value.
- The global aerospace MRO market experiences robust growth driven by several interconnected factors, such as increasing defense spending, aging aircraft fleets, and stringent regulatory requirements. The upswing in defense spending enhances the need for MRO in military aviation assets, highlighting the market's resilience. For instance, according to GlobalData, global government spending in the defense sector stood at $2,221 billion in 2023, an increase of 4.4% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the aerospace mro market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace mro market in Asia-Pacific
- Leading company profiles reveal details of key aerospace mro market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific aerospace mro market with five year forecasts
- What was the size of the Asia-Pacific aerospace mro market by value in 2023?
- What will be the size of the Asia-Pacific aerospace mro market in 2028?
- What factors are affecting the strength of competition in the Asia-Pacific aerospace mro market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's aerospace mro market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the strengths of the leading players?
- 7.4. Has there been any recent development in the market?
- 8 Company Profiles
- 8.1. Airbus SE.
- 8.2. Hong Kong Aircraft Engineering Co Ltd
- 8.3. Singapore Technologies Engineering Ltd
- 8.4. SIA Engineering Company Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: Asia-Pacific aerospace mro market value: $ million, 2018-23
- Table 2: Asia-Pacific aerospace mro market category segmentation: % share, by value, 2018-2023
- Table 3: Asia-Pacific aerospace mro market category segmentation: $ million, 2018-2023
- Table 4: Asia-Pacific aerospace mro market geography segmentation: $ million, 2023
- Table 5: Asia-Pacific aerospace mro market value forecast: $ million, 2023-28
- Table 6: Airbus SE.: key facts
- Table 7: Airbus SE.: annual financial ratios
- Table 8: Airbus SE.: key employees
- Table 9: Airbus SE.: key employees Continued
- Table 10: Hong Kong Aircraft Engineering Co Ltd: key facts
- Table 11: Hong Kong Aircraft Engineering Co Ltd: key employees
- Table 12: Singapore Technologies Engineering Ltd: key facts
- Table 13: Singapore Technologies Engineering Ltd: annual financial ratios
- Table 14: Singapore Technologies Engineering Ltd: key employees
- Table 15: Singapore Technologies Engineering Ltd: key employees Continued
- Table 16: SIA Engineering Company Limited: key facts
- Table 17: SIA Engineering Company Limited: annual financial ratios
- Table 18: SIA Engineering Company Limited: key employees
- Table 19: Asia-Pacific exchange rate, 2019-23
- List of Figures
- Figure 1: Asia-Pacific aerospace mro market value: $ million, 2018-23
- Figure 2: Asia-Pacific aerospace mro market category segmentation: $ million, 2018-2023
- Figure 3: Asia-Pacific aerospace mro market geography segmentation: % share, by value, 2023
- Figure 4: Asia-Pacific aerospace mro market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the aerospace mro market in Asia-Pacific, 2023
- Figure 6: Drivers of buyer power in the aerospace mro market in Asia-Pacific, 2023
- Figure 7: Drivers of supplier power in the aerospace mro market in Asia-Pacific, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the aerospace mro market in Asia-Pacific, 2023
- Figure 9: Factors influencing the threat of substitutes in the aerospace mro market in Asia-Pacific, 2023
- Figure 10: Drivers of degree of rivalry in the aerospace mro market in Asia-Pacific, 2023
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