According to Insights Partners' research, the Asia Pacific aircraft MRO market was valued at US$ 31,657.62 million in 2024 and is expected to reach US$ 59,886.93 million by 2031, registering a CAGR of 9.9% from 2025 to 2031. Increasing adoption of sustainable aviation fuel (SAF) and rising presence of MRO service providers in emerging economies are among the critical factors attributed to the Asia Pacific aircraft MRO market expansion.
Investing in sustainable aviation fuels (SAFs) and related services presents a significant opportunity for aircraft MRO providers. As the aviation industry intensifies its efforts to reduce carbon emissions and achieve sustainability goals, MRO companies can play a pivotal role in SAF adoption. By offering SAF-related services and technologies, MRO providers can position themselves as leaders in environmental sustainability and contribute to the industry's commitment to greener aviation practices. This opportunity aligns with the growing demand for eco-friendly aviation solutions and can open new revenue streams while fostering a more sustainable future for the sector. For instance, in February 2022, SIA Engineering Company Limited announced a trial using SAF with SIAEC's joint venture with Rolls-Royce and Singapore Aero Engine Services Private Limited (SAESL) to perform engine tests at its engine test facility. This is anticipated to position SIAEC as a sustainability-centric MRO service provider in the coming years. Similarly, in February 2023, Boeing entered into agreements to acquire 5.6 million gallons (equivalent to 21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, a global leader in SAF production. Boeing's significant SAF procurement highlights a growing opportunity for Aircraft MRO providers.
As airlines increasingly prioritize eco-friendly operations, MRO companies can offer services related to SAF integration and usage. This includes retrofitting aircraft to accommodate SAF, conducting SAF-related maintenance, and ensuring compliance with SAF standards and regulations.
On the contrary, OEMs entering aftermarket and geopolitical tensions hampers the growth of Asia Pacific aircraft MRO market.
Based on component, the Asia Pacific aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held 42.9% share of the Asia Pacific aircraft MRO market in 2024, amassing US$ 13,575.46 million. It is projected to garner US$ 27,848.17 million by 2031 to expand at 11.2% CAGR during 2025-2031.
Based on aircraft type, the Asia Pacific aircraft MRO market is bifurcated into fixed wing and rotary wing. The fixed wing segment held 67.7% share of the Asia Pacific aircraft MRO market in 2024, amassing US$ 21,433.00 million. It is projected to garner US$ 39,360.41 million by 2031 to expand at 9.5% CAGR during 2025-2031.
Based on end users, the Asia Pacific aircraft MRO market is bifurcated into commercial and military. The commercial segment held 73.7% share of the Asia Pacific aircraft MRO market in 2024, amassing US$ 23,327.97 million. It is projected to garner US$ 43,927.74 million by 2031 to expand at 9.9% CAGR during 2025-2031.
Based on country, the Asia Pacific aircraft MRO market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 37.1% share of Asia Pacific aircraft MRO market in 2024, amassing US$ 11,741.46 million. It is projected to garner US$ 22,741.25 million by 2031 to expand at 10.3% CAGR during 2025-2031.
Key players operating in the aircraft MRO market are AAR CORP; Barnes Group Inc; GE Aerospace; FLTechnics, UAB.; Turkish Technic Inc.; Singapore Technologies Engineering Ltd; Lufthansa Technik; Delta TechOps; Rolls-Royce Holdings Plc; and Collins Aerospace, among others.
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