Market Size of Commercial Aircraft Maintenance, Repair, And Overhaul (MRO) Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 77.82 Billion |
| Market Size (2029) | USD 98.76 Billion |
| CAGR (2024 - 2029) | 4.88 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft MRO Market Analysis
The Commercial Aircraft Maintenance, Repair, And Overhaul Market size is estimated at USD 77.82 billion in 2024, and is expected to reach USD 98.76 billion by 2029, growing at a CAGR of 4.88% during the forecast period (2024-2029).
Airlines are inclined toward maintaining the optimum health of their fleet and procuring new aircraft only as a last resort, owing to the high investment required for it. Furthermore, several government initiatives were formulated to encourage airports to support MRO as a strategic activity. The governments are now undertaking various holistic approaches to ensure adequate space is allocated at different airports within the country for MRO, which may enhance commercial aircraft MRO activities during the forecast period.
However, the advent of predictive maintenance flooded the MRO industry with a flurry of technological and manpower-related problems. As the concept of predictive maintenance powered by innovative technologies, such as digital twins, is still in its infancy, rapid improvements and growth are visualized quickly. This implies that not all firms have the required infrastructure to harness the true potential of machine learning and other advanced emerging concepts. This also indicates the limited reach of the concept, as a few MRO organizations are keen on investing in capital to develop these skills among their personnel.
However, the domain is not well-represented in industry-focused education and training curricula. Moreover, there is limited cooperation between MROs and OEMs about the repair standards for new equipment and components, making the MRO process highly complex and demanding. Such disruptive threats may endanger the growth of the market in focus during the forecast period.
