Market Share of Southeast Asia Aircraft MRO Industry
The market for aircraft MRO services in the Southeast Asia region is moderately consolidated. Singapore Technologies Engineering Ltd, GMF AeroAsia, Safran SA, StandardAero, and Sepang Aircraft Engineering Sdn Bhd are some of the prominent players in the market.
For a long time, the market was dominated by players based in Singapore, but the dynamics are now changing. Following the success of Singapore in the industry, players from countries like Indonesia, Malaysia, and Thailand are trying to replicate the success of Singaporean players and develop their MRO capabilities. The market is witnessing investments from players into countries like Thailand, Indonesia, etc., owing to the growing aircraft fleet and lower labor costs compared to Singapore. The market is witnessing a huge investment from key players in facility development, technological innovations, joint ventures, and partnerships.
Players are focusing on developing their MRO capabilities in the region, making the market more competitive with the entry of new players. Such developments are expected to make the market more competitive during the forecast period.
MRO in Southeast Asia Market Leaders
Safran SA
GMF AeroAsia
Singapore Technologies Engineering Ltd
StandardAero
Sepang Aircraft Engineering Sdn Bhd
*Disclaimer: Major Players sorted in no particular order
