Global Aerospace and Defense MRO Market Growth (Status and Outlook) 2023-2029

Global Aerospace and Defense MRO Market Growth (Status and Outlook) 2023-2029

The global Aerospace and Defense MRO market size is projected to grow from US$ 111170 million in 2022 to US$ 149730 million in 2029; it is expected to grow at a CAGR of 4.3% from 2023 to 2029.

The key players in global aerospace and defense MRO are GE Aviation, Airbus, Lufthansa Technik, AFI KLM E&M, MTU Maintenance, Rolls-Royce, AAR Corp. and ST Aerospace. The top four companies together hold more than 30% of the market share, with the largest supplier being GE Aviation, which holds 15% of the market share. The main regions providing MRO globally are the U.S., Europe, China, Japan, etc., with the U.S. occupying the largest market share at 30%. In terms of product type, engine maintenance holds the largest market share with 40%, followed by line maintenance and airframe maintenance, with 20% and 18% respectively. In terms of application, 60% of the market share is for narrow-body aircraft; 20% for wide-body aircraft and 10% for regional aircraft.

Aerospace and Defense MRO is the description of maintenance repair and overhaul to aircraft, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of aircraft. Because of the typically long operational lifetimes expected from these costly assets, MRO is necessary to maintain these systems in a safe and functional condition, so that they can fulfill the operational role that they were designed for.

This report mainly covers four market segments: Airframe, Engine, Component and Line

LPI (LP Information)' newest research report, the “Aerospace and Defense MRO Industry Forecast” looks at past sales and reviews total world Aerospace and Defense MRO sales in 2022, providing a comprehensive analysis by region and market sector of projected Aerospace and Defense MRO sales for 2023 through 2029. With Aerospace and Defense MRO sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aerospace and Defense MRO industry.

This Insight Report provides a comprehensive analysis of the global Aerospace and Defense MRO landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aerospace and Defense MRO portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Aerospace and Defense MRO market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aerospace and Defense MRO and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aerospace and Defense MRO.

This report presents a comprehensive overview, market shares, and growth opportunities of Aerospace and Defense MRO market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Engine
Components
Airframe
Line

Segmentation by application
Narrow Body Aircraft
Wide Body Aircraft
Regional Aircraft
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Aviation
Airbus
Lufthansa Technik
AFI KLM E&M
MTU Maintenance
Rolls-Royce
AAR Corp.
ST Aerospace
SR Technics (Mubadala Aerospace)
SIA Engineering
Delta TechOps
Haeco
JAL Engineering
Ameco Beijing
Pratt & Whitney
ANA
Korean Air
Iberia Maintenance

Please note: The report will take approximately 2 business days to prepare and deliver.