North America Aircraft MRO Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The North America Aircraft MRO Market is segmented by MRO Type (Engine MRO, Components MRO, Airframe MRO, and Other MRO Types), Application (Commercial Aviation, Military Aviation, and General Aviation), and Geography.

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North America Aircraft MRO Market Size

North America Aircraft MRO Market_snapshot
Study Period: 2018 - 2028
CAGR: > 4 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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North America Aircraft MRO Market Analysis

The North American aircraft MRO market is expected to exhibit a CAGR of more than 4% during the forecast period (2020 - 2025).

  • North America has the largest fleet of commercial, general, and military aircraft in the world, and they require regular MRO services for operational availability. The presence of several aircraft OEMs in the United States makes the region the highest aircraft producer, globally. Several contracts and agreements are regularly signed between aircraft MRO service providers and airlines, defense agencies, etc., with the introduction and procurement of new aircraft. The aforementioned factors are significantly boosting the market in North America.
  • The implementation of stringent safety standards and the introduction of new laws by legislative authorities are also propelling the market for aircraft MRO services in the region. In November 2019, the Safe Aircraft Maintenance Standards Act was introduced. It presents new conditions for the FAA regarding the inspection and overlooking of non-US aircraft repair stations. The Act also requires airlines to upload their heavy maintenance information on the FAA database. Moreover, it aims at creating unified maintenance standards for US aircraft, both inside and outside the country. In February 2020, the Restoring Aviation Accountability Act was introduced with the aim of improving the FAA’s certification process and restoring the public’s faith in the US aviation industry.
  • The North American region has one of the most aging military aircraft fleet in the world, which necessitates significant demand for MRO activities. Also, as the armed forces are opting for new aircraft to expand their fleet size, it is further generating demand for MRO activities.

North America Aircraft MRO Industry Segmentation

The report o the North American aircraft MRO market covers the latest trends and technological developments, as well as provides an analysis of various aspects of the market. The report also provides country-level analysis.

MRO Type
Engine MRO
Components MRO
Airframe MRO
Other MRO Types
Application
Commercial Aviation
Military Aviation
General Aviation
Geography
North America
United States
Canada

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North America Aircraft MRO Market Trends

This section covers the major market trends shaping the North America Aircraft MRO Market according to our research experts:

Military Aviation Segment to Exhibit the Highest Growth Rate

The mission-ready capability of the US Air Force fleet dropped from nearly 78% in 2012 to below 70% in 2018. The country’s fleet of military aviation includes aircraft, such as B1-Lancer and B-52 Stratofortress, which have already completed the operational service of more than 45 years. As of December 2019, the 76th Aircraft Maintenance Group and B-1 Systems Program Office were nearing the completion of structural repair and maintenance works on B-1 Lancer aircraft, thus, increasing the service life of the bomber. The US Air Force wants to use the B1-Lancer aircraft for 20 more years till 2040. In 2019, the US Air Force issued a proposal request for the replacement of B-52's TF33 engines with more fuel-efficient and easy-to-maintain engines. Canada is also struggling with its aging fleet of its CF-18 fighter aircraft that has reached the age of more than 33 years. In January 2020, the Canadian government announced its plan to invest USD 800 million in advanced upgrades and maintenance of CF-18 fighter aircraft. A few aircraft in the Royal Canadian Air Force are too old to be upgraded with the latest equipment to comply with the latest air traffic and aviation rules. In 2019, Canada made a deal with the United States to continue the operation of its very old Challenger VIP transport jets in the regional airspace, despite not being equipped with the latest air traffic control equipment. The aforementioned instances are propelling the demand for MRO services from the military aviation segment.

North America Aircraft MRO Market_application

United States to Exhibit the Highest Growth Rate

The United States is the leading producer of commercial, defense, and general aviation aircraft. The increase in spending on aircraft development is further propelling the growth of the aircraft and aircraft MRO markets. The airframe and engine MRO segments are expected to witness significant growth, in terms of revenue share, during the forecast period. The growth in the aforementioned segments is driven by defense aviation, as the current average age of a few aircraft, such as bombers and high-altitude surveillance aircraft, is more than 50 years. Contracts are being provided to companies, such as Lockheed Martin and Rolls-Royce, for MRO services and engineering solutions for the existing defense and commercial fleet. In May 2020, the US Air Force awarded a USD 237 million contract to StandardAero to provide engine MRO service for T-38 trainer jets till 2028. The aircraft MRO industry in the United States is heavily investing in the development and integration of new technologies, such as artificial intelligence, robotics, augmented reality, drone inspection, intelligent machines, and tools. General Electrics’ smart glass is used with a Wi-Fi torque wrench that instructs mechanics on the amount of force to be applied during maintenance operations. Such developments may support the growth of the aircraft MRO market in the United States.

North America Aircraft MRO Market_trends2

North America Aircraft MRO Industry Overview

The aircraft MRO market in North America is fragmented. Some of the prominent players in this market are Lockheed Martin Corporation, General Electric Company, The Boeing Company, Rolls Royce PLC, and Collins Aerospace, among others. The region is marked by the presence of several foreign MRO service providers as well. MRO service providers are increasing focus on IT and technological developments to increase their efficiency and reduce the time consumed on MRO activities. The main revenue generation strategy of market players is to win long-term contracts from armed forces, airlines, and freight carriers.

North America Aircraft MRO Market Leaders

  1. Delta TechOps (Delta Air Lines, Inc)

  2. Rolls Royce PLC

  3. Lockheed Martin Corporation

  4. The Boeing Company

  5. Collins Aerospace (Raytheon Technologies Corporation)

*Disclaimer: Major Players sorted in no particular order

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North America Aircraft MRO Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 MRO Type

      1. 5.1.1 Engine MRO

      2. 5.1.2 Components MRO

      3. 5.1.3 Airframe MRO

      4. 5.1.4 Other MRO Types

    2. 5.2 Application

      1. 5.2.1 Commercial Aviation

      2. 5.2.2 Military Aviation

      3. 5.2.3 General Aviation

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ST Engineering

      2. 6.1.2 Delta TechOps (Delta Air Lines Inc.)

      3. 6.1.3 Collins Aerospace (Raytheon Technologies Corporation)

      4. 6.1.4 General Electric Company

      5. 6.1.5 Safran SA

      6. 6.1.6 Rolls Royce PLC

      7. 6.1.7 Honeywell International Inc.

      8. 6.1.8 Lockheed Martin Corporation

      9. 6.1.9 The Boeing Company

      10. 6.1.10 Textron Inc.

      11. 6.1.11 IAG Aero Group

      12. 6.1.12 Lufthansa Technik AG (Lufthansa Group)

      13. 6.1.13 AAR Corp.

      14. 6.1.14 StandardAero

      15. 6.1.15 MTU Aero Engines North America Inc. (MTU Aero Engines)

      16. 6.1.16 GKN Aerospace Services Limited

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Aircraft MRO Market Research FAQs

The North America Aircraft MRO Market is studied from 2018 - 2028.

The North America Aircraft MRO Market is growing at a CAGR of >4% over the next 5 years.

Delta TechOps (Delta Air Lines, Inc), Rolls Royce PLC, Lockheed Martin Corporation, The Boeing Company, Collins Aerospace (Raytheon Technologies Corporation) are the major companies operating in North America Aircraft MRO Market.

North America Aircraft MRO Industry Report

Statistics for the 2023 North America Aircraft MRO market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Aircraft MRO analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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