Commercial & Military Aircraft MRO Market Report: Trends, Forecast and Competitive Analysis to 2030

Commercial & Military Aircraft MRO Market Report: Trends, Forecast and Competitive Analysis to 2030

Commercial & Military Aircraft MRO Trends and Forecast

The future of the global commercial & military aircraft MRO market looks promising with opportunities in the military aircraft MRO and commercial aircraft MRO markets. The global commercial & military aircraft MRO market is expected to reach an estimated $24.6 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing need for sophisticated synthetic vision avionics, advancements in ultrasonic inspection technology, and integration of novel technologies within aircraft, as well as, growing demand for luxury and connected travel.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Commercial & Military Aircraft MRO by Segment

The study includes a forecast for the global commercial & military aircraft MRO by component, sector, and region.

Commercial & Military Aircraft MRO Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Engine Overhaul
• Airframe Maintenance
• Line Maintenance
• Modification
• Components

Commercial & Military Aircraft MRO Market by Sector [Shipment Analysis by Value from 2018 to 2030]:

• Military Aircraft MRO
• Commercial Aircraft MRO

Commercial & Military Aircraft MRO Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Commercial & Military Aircraft MRO Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial & military aircraft MRO companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial & military aircraft MRO companies profiled in this report include-

• A J Walter Aviation
• AAR
• Airbus
• Avia Solutions
• Aviation Technical Services
• Barnes
• Delta Air Lines

Commercial & Military Aircraft MRO Market Insights

Lucintel forecasts that engine overhaul will remain the largest segment over the forecast period because engine is aircraft's most crucial parts and helps in maintaining performance, efficiency, and safety standards requires regular maintenance.

APAC will remain the largest region over the forecast period due to increase in development spending by governments on military and defense forces.

Features of the Global Commercial & Military Aircraft MRO Market

Market Size Estimates: Commercial & military aircraft MRO market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Commercial & military aircraft MRO market size by component, sector, and region in terms of value ($B).

Regional Analysis: Commercial & military aircraft MRO market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, sector, and regions for the commercial & military aircraft MRO market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commercial & military aircraft MRO market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the commercial & military aircraft MRO market size?

Answer: The global commercial & military aircraft MRO market is expected to reach an estimated $24.6 billion by 2030.

Q2. What is the growth forecast for commercial & military aircraft MRO market?

Answer: The global commercial & military aircraft MRO market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the commercial & military aircraft MRO market?

Answer: The major drivers for this market are increasing need for sophisticated synthetic vision avionics, advancements in ultrasonic inspection technology, and integration of novel technologies within aircraft, as well as, growing demand for luxury and connected travel.

Q4. What are the major segments for commercial & military aircraft MRO market?

Answer: The future of the global commercial & military aircraft MRO market looks promising with opportunities in the military aircraft MRO and commercial aircraft MRO markets.

Q5. Who are the key commercial & military aircraft MRO market companies?

Answer: Some of the key commercial & military aircraft MRO companies are as follows:

• A J Walter Aviation
• AAR
• Airbus
• Avia Solutions
• Aviation Technical Services
• Barnes
• Delta Air Lines

Q6. Which commercial & military aircraft MRO market segment will be the largest in future?

Answer: Lucintel forecasts that engine overhaul will remain the largest segment over the forecast period because engine is aircraft's most crucial parts and helps in maintaining performance, efficiency, and safety standards requires regular maintenance.

Q7. In commercial & military aircraft MRO market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increase in development spending by governments on military and defense forces.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the commercial & military aircraft MRO market by component (engine overhaul, airframe maintenance, line maintenance, modification, and components), sector (military aircraft MRO and commercial aircraft MRO), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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