North America Aircraft MRO Market Size

North America Aircraft MRO Market Analysis

The North America Aircraft MRO Market size is estimated at USD 15.27 billion in 2024, and is expected to reach USD 18.30 billion by 2029, growing at a CAGR of 3.69% during the forecast period (2024-2029).

North America has the largest fleet of commercial, general, and military aircraft in the world, and they require regular MRO services for operational availability. Several contracts and agreements are underway between aircraft MRO service providers and airlines, defense agencies, etc., due to the induction of new aircraft due to the ongoing/planned fleet expansion initiatives. Moreover, implementing stringent safety standards and introducing new laws by legislative authorities have also encouraged fleet upgrades, triggering demand for aircraft MRO services in the region.

North America, especially the US, is the frontrunner in defense aviation, with several aircraft models being deployed in the fleet and several units of new advanced aircraft being inducted each year. This also generates demand for MRO services as these aircraft are subjected to extreme wear and tear due to operation in harsh terrains for an extended period. The growth of emission regulations for the airspace by various regulatory bodies, like FAA, IATA, and ICAO, will lead to generating greater demand for better engine maintenance for older aircraft, as their emissions are higher compared to the newer generation aircraft engines, which in turn will be a significant factor driving the market during the forecast period. On the other hand, supply chain issues and shortage of skilled workforce and components hinder the market growth.