Aircraft Engine MRO Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Aircraft Engine MRO Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aircraft Engine MRO Market
The aircraft engine MRO market size was valued at USD 37.56 billion in 2023, and the market is now projected to grow from USD 42.81 billion in 2024 to USD 59.01 billion by 2032, exhibiting a CAGR of 4.69% during the forecast period of 2024-2032.
Pandemic halted airport and aviation operations, inflicting a decline in aircraft renovation, repair, and overhaul demand. This was exacerbated by means of stagnant aerospace operations and human aid issues. IATA reported over a million process losses inside the aviation and MRO enterprise. However, as COVID-19 cases reduced, operations resumed, main to wonderful growth over the forecast period.
Additive manufacturing, also referred to as 3D printing, is a critical technology within the aviation industry for production various parts. With over five million components in a plane, 3D printing offers an approach to simplify elements and decrease the size of panels, overhead bins, and seat components. Technologies like SLS, DMSL/SLM, and binder jetting are suitable for low-extent production at affordable unit costs, making 3D printing a huge market for aftermarket components.
Predictive analytics is a market trend that collects and analyzes records from a couple of resources to prevent potential failures, lessen downtime, and optimize overall performance. It allows become aware of issues early, plan renovation based totally on actual wishes, and tailor solutions to specific engines and situations, enhancing protection, reliability, and consumer satisfaction.
Comprehensive Analysis of Aircraft Engine MRO Market
The market for aircraft engine MRO is divided into commercial and civil aircraft, military aircraft, and components. The commercial and civil aircraft segment is expected to grow at the highest CAGR due to major global aircraft MRO OEMs and growing aircraft deliveries. The military aircraft segment is expected to grow at a significant CAGR due to growth in government spending and increased cross-border tensions. The market is classified into compressor, combustor, nozzle, fan blades, sensors, actuators, and others. The actuators segment accounted for the largest market share in 2022, driven by technological advancements and integration of actuators in new-generation aircraft. The sensors segment also accounted for the largest market share, driven by growing adoption and technological advancements. The engine type segment is divided into piston and turbo engines, with the turbo engine segment gaining the largest market share due to increased deliveries and initiatives for advanced mechatronics.
The Asia Pacific region lead the aircraft engine MRO market share by benefitting a market size of USD 12.36 billion in 2023 due to Due to pinnacle MROs and a developing aviation industry. The area's rapid growth, availability of cheaper skilled exertions, and airport infrastructure are anticipated to enhance aircraft engine MRO market growth. Major conglomerates and neighborhood players from round the sector also are expected to make investments within the location.
The marketplace analysis exhibits a competitive panorama with international and regional players running inside the aircraft engine MRO provider industry. Key players encompass Lufthansa Technik and Rolls Royce percent, with Lockheed Martin Corporation leading because of its international presence. Other prominent gamers consist of Safran Group and GE Aerospace. These players interact in new carrier launches, partnerships, and acquisitions to hold their marketplace positions.
SriLankan Airlines, a Sri Lankan major airline, has signed a five-year contract with global MRO service provider MTU Maintenance for the maintenance of LEAP-I A engines.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.69% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Platform
Commercial and Civil Aircraft
Narrow Body
Wide Body
Regional Aircraft
Business Jet
Trainers and Turboprops
Commercial Helicopters
Military Aircraft
Multirole and Combat
Military Transport Aircraft
Military Trainers
Military Helicopters
By Component
Compressor
Combustor
Nozzle
Fan Blades
Sensors
Actuators
Others
By Engine Type
Piston Engine
Turbo Engine
Turbo Shaft
Turbo Prop
Turbo Fan
Turbo Jet
By Country
North America (By Platform, Component, Engine Type, and Country)
U.S. (By Platform)
Canada (By Platform)
Europe (By Platform, Component, Engine Type, and Country)
U.K. (By Platform)
Germany (By Platform)
France (By Platform)
Italy (By Platform)
Spain (By Platform)
Rest of Europe (By Platform)
Asia Pacific (By Platform, Component, Engine Type, and Country)
China (By Platform)
India (By Platform)
Japan (By Platform)
Singapore (By Platform)
Rest of Asia Pacific (By Platform)
Rest of the World (By Platform, Component, Engine Type, and Country)
Latin America (By Platform)
Middle East & Africa (By Platform)
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Table of Contents
200 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 4.5. COVID-Impact 19 Impact on Global Aircraft Engine MRO Market
- 5. Global Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Platform
- 5.2.1. Commercial and Civil Aircraft
- 5.2.1.1. Narrow Body
- 5.2.1.2. Wide Body
- 5.2.1.3. Regional Aircraft
- 5.2.1.4. Business Jet
- 5.2.1.5. Trainers and Turboprops
- 5.2.1.6. Commercial Helicopters
- 5.2.2. Military Aircraft
- 5.2.2.1. Multirole and Combat
- 5.2.2.2. Military Transport Aircraft
- 5.2.2.3. Military Trainers
- 5.2.2.4. Military Helicopters
- 5.3. Market Analysis, Insights and Forecast – By Component
- 5.3.1. Compressor
- 5.3.2. Combustor
- 5.3.3. Nozzle
- 5.3.4. Fan Blades
- 5.3.5. Sensors
- 5.3.6. Actuators
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By Engine Type
- 5.4.1. Piston Engine
- 5.4.2. Turbo Engine
- 5.4.2.1. Turbo Shaft
- 5.4.2.2. Turbo Prop
- 5.4.2.3. Turbo Fan
- 5.4.2.4. Turbo Jet
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Platform
- 6.1.1. Commercial and Civil Aircraft
- 6.1.1.1. Narrow Body
- 6.1.1.2. Wide Body
- 6.1.1.3. Regional Aircraft
- 6.1.1.4. Business Jet
- 6.1.1.5. Trainers and Turboprops
- 6.1.1.6. Commercial Helicopters
- 6.1.2. Military Aircraft
- 6.1.2.1. Multirole and Combat
- 6.1.2.2. Military Transport Aircraft
- 6.1.2.3. Military Trainers
- 6.1.2.4. Military Helicopters
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Compressor
- 6.2.2. Combustor
- 6.2.3. Nozzle
- 6.2.4. Fan Blades
- 6.2.5. Sensors
- 6.2.6. Actuators
- 6.2.7. Others
- 6.3. Market Analysis, Insights and Forecast – By Engine Type
- 6.3.1. Piston Engine
- 6.3.2. Turbo Engine
- 6.3.2.1. Turbo Shaft
- 6.3.2.2. Turbo Prop
- 6.3.2.3. Turbo Fan
- 6.3.2.4. Turbo Jet
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 6.4.1.1.1. Commercial and Civil Aircraft
- 6.4.1.1.2. Military Aircraft
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 6.4.2.1.1. Commercial and Civil Aircraft
- 6.4.2.1.2. Military Aircraft
- 7. Europe Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Platform
- 7.1.1. Commercial and Civil Aircraft
- 7.1.1.1. Narrow Body
- 7.1.1.2. Wide Body
- 7.1.1.3. Regional Aircraft
- 7.1.1.4. Business Jet
- 7.1.1.5. Trainers and Turboprops
- 7.1.1.6. Commercial Helicopters
- 7.1.2. Military Aircraft
- 7.1.2.1. Multirole and Combat
- 7.1.2.2. Military Transport Aircraft
- 7.1.2.3. Military Trainers
- 7.1.2.4. Military Helicopters
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Compressor
- 7.2.2. Combustor
- 7.2.3. Nozzle
- 7.2.4. Fan Blades
- 7.2.5. Sensors
- 7.2.6. Actuators
- 7.2.7. Others
- 7.3. Market Analysis, Insights and Forecast – By Engine Type
- 7.3.1. Piston Engine
- 7.3.2. Turbo Engine
- 7.3.2.1. Turbo Shaft
- 7.3.2.2. Turbo Prop
- 7.3.2.3. Turbo Fan
- 7.3.2.4. Turbo Jet
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.1.1.1. Commercial and Civil Aircraft
- 7.4.1.1.2. Military Aircraft
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.2.1.1. Commercial and Civil Aircraft
- 7.4.2.1.2. Military Aircraft
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.3.1.1. Commercial and Civil Aircraft
- 7.4.3.1.2. Military Aircraft
- 7.4.4. Italy
- 7.4.4.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.4.1.1. Commercial and Civil Aircraft
- 7.4.4.1.2. Military Aircraft
- 7.4.5. Spain
- 7.4.5.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.5.1.1. Commercial and Civil Aircraft
- 7.4.5.1.2. Military Aircraft
- 7.4.6. Rest of Europe
- 7.4.6.1. Market Analysis, Insights and Forecast – By Platform
- 7.4.6.1.1. Commercial and Civil Aircraft
- 7.4.6.1.2. Military Aircraft
- 8. Asia Pacific Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Platform
- 8.1.1. Commercial and Civil Aircraft
- 8.1.1.1. Narrow Body
- 8.1.1.2. Wide Body
- 8.1.1.3. Regional Aircraft
- 8.1.1.4. Business Jet
- 8.1.1.5. Trainers and Turboprops
- 8.1.1.6. Commercial Helicopters
- 8.1.2. Military Aircraft
- 8.1.2.1. Multirole and Combat
- 8.1.2.2. Military Transport Aircraft
- 8.1.2.3. Military Trainers
- 8.1.2.4. Military Helicopters
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Compressor
- 8.2.2. Combustor
- 8.2.3. Nozzle
- 8.2.4. Fan Blades
- 8.2.5. Sensors
- 8.2.6. Actuators
- 8.2.7. Others
- 8.3. Market Analysis, Insights and Forecast – By Engine Type
- 8.3.1. Piston Engine
- 8.3.2. Turbo Engine
- 8.3.2.1. Turbo Shaft
- 8.3.2.2. Turbo Prop
- 8.3.2.3. Turbo Fan
- 8.3.2.4. Turbo Jet
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.1.1.1. Commercial and Civil Aircraft
- 8.4.1.1.2. Military Aircraft
- 8.4.2. India
- 8.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.2.1.1. Commercial and Civil Aircraft
- 8.4.2.1.2. Military Aircraft
- 8.4.3. Japan
- 8.4.3.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.3.1.1. Commercial and Civil Aircraft
- 8.4.3.1.2. Military Aircraft
- 8.4.4. Singapore
- 8.4.4.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.4.1.1. Commercial and Civil Aircraft
- 8.4.4.1.2. Military Aircraft
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast – By Platform
- 8.4.5.1.1. Commercial and Civil Aircraft
- 8.4.5.1.2. Military Aircraft
- 9. Rest of the World Aircraft Engine MRO Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Platform
- 9.1.1. Commercial and Civil Aircraft
- 9.1.1.1. Narrow Body
- 9.1.1.2. Wide Body
- 9.1.1.3. Regional Aircraft
- 9.1.1.4. Business Jet
- 9.1.1.5. Trainers and Turboprops
- 9.1.1.6. Commercial Helicopters
- 9.1.2. Military Aircraft
- 9.1.2.1. Multirole and Combat
- 9.1.2.2. Military Transport Aircraft
- 9.1.2.3. Military Trainers
- 9.1.2.4. Military Helicopters
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Compressor
- 9.2.2. Combustor
- 9.2.3. Nozzle
- 9.2.4. Fan Blades
- 9.2.5. Sensors
- 9.2.6. Actuators
- 9.2.7. Others
- 9.3. Market Analysis, Insights and Forecast – By Engine Type
- 9.3.1. Piston Engine
- 9.3.2. Turbo Engine
- 9.3.2.1. Turbo Shaft
- 9.3.2.2. Turbo Prop
- 9.3.2.3. Turbo Fan
- 9.3.2.4. Turbo Jet
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Latin America
- 9.4.1.1. Market Analysis, Insights and Forecast – By Platform
- 9.4.1.1.1. Commercial and Civil Aircraft
- 9.4.1.1.2. Military Aircraft
- 9.4.2. Middle East & Africa
- 9.4.2.1. Market Analysis, Insights and Forecast – By Platform
- 9.4.2.1.1. Commercial and Civil Aircraft
- 9.4.2.1.2. Military Aircraft
- 10. Competitive Analysis
- 10.1. Global Market Rank Analysis (2022)
- 10.2. Competition Dashboard
- 10.3. Company Profiles
- 10.3.1. Delta TechOps (U.S.)
- 10.3.1.1. Overview
- 10.3.1.2. Products & services
- 10.3.1.3. SWOT analysis
- 10.3.1.4. Recent developments
- 10.3.1.5. strategies
- 10.3.1.6. financials (based on availability)
- 10.3.2. AAR Corp. (U.S.)
- 10.3.2.1. Overview
- 10.3.2.2. Products & services
- 10.3.2.3. SWOT analysis
- 10.3.2.4. Recent developments
- 10.3.2.5. strategies
- 10.3.2.6. financials (based on availability)
- 10.3.3. Lufthansa Technik (Germany)
- 10.3.3.1. Overview
- 10.3.3.2. Products & services
- 10.3.3.3. SWOT analysis
- 10.3.3.4. Recent developments
- 10.3.3.5. strategies
- 10.3.3.6. financials (based on availability)
- 10.3.4. Rolls Royce Plc (U.K.)
- 10.3.4.1. Overview
- 10.3.4.2. Products & services
- 10.3.4.3. SWOT analysis
- 10.3.4.4. Recent developments
- 10.3.4.5. strategies
- 10.3.4.6. financials (based on availability)
- 10.3.5. Safran Group (France)
- 10.3.5.1. Overview
- 10.3.5.2. Products & services
- 10.3.5.3. SWOT analysis
- 10.3.5.4. Recent developments
- 10.3.5.5. strategies
- 10.3.5.6. financials (based on availability)
- 10.3.6. GE Aerospace (U.S.)
- 10.3.6.1. Overview
- 10.3.6.2. Products & services
- 10.3.6.3. SWOT analysis
- 10.3.6.4. Recent developments
- 10.3.6.5. strategies
- 10.3.6.6. financials (based on availability)
- 10.3.7. MTU Aero Engines AG (Germany)
- 10.3.7.1. Overview
- 10.3.7.2. Products & services
- 10.3.7.3. SWOT analysis
- 10.3.7.4. Recent developments
- 10.3.7.5. strategies
- 10.3.7.6. financials (based on availability)
- 10.3.8. Bombardier MRO (Canada)
- 10.3.8.1. Overview
- 10.3.8.2. Products & services
- 10.3.8.3. SWOT analysis
- 10.3.8.4. Recent developments
- 10.3.8.5. strategies
- 10.3.8.6. financials (based on availability)
- 10.3.9. Aerfin Limited (U.K.)
- 10.3.9.1. Overview
- 10.3.9.2. Products & services
- 10.3.9.3. SWOT analysis
- 10.3.9.4. Recent developments
- 10.3.9.5. strategies
- 10.3.9.6. financials (based on availability)
- 10.3.10. Lockheed Martin Corporation (U.S.)
- 10.3.10.1. Overview
- 10.3.10.2. Products & services
- 10.3.10.3. SWOT analysis
- 10.3.10.4. Recent developments
- 10.3.10.5. strategies
- 10.3.10.6. financials (based on availability)
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