According to Insights Partners' research, the North America aircraft MRO market was valued at US$ 26,406.25 million in 2024 and is expected to reach US$ 45,880.90 million by 2031, registering a CAGR of 8.6% from 2025 to 2031. Increasing air travel and blockchain technology changing MRO landscape are among the critical factors attributed to the North America aircraft MRO market expansion.
Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. This means that aircraft spend more time in the air and require more frequent maintenance checks to ensure their airworthiness. As more people choose air travel, airlines are operating more flights with shorter turnaround times between departures. This increased flight frequency places greater demands on aircraft maintenance to ensure safe and reliable operations. According to the International Air Transport Association (IATA), in 2024, the total revenue passenger kilometers (RPKs) increased by 10.4% compared to 2023 globally. Moreover, in 2024, the total international full-year traffic witnessed a rise of 13.6% compared to 2023 globally, and the international capacity increased by 12.8%. Similarly, in 2024, the total domestic full-year traffic increased by 5.7% compared to 2023 globally, and the domestic capacity worldwide increased by 2.5%.
The Asia Pacific region accounts for the largest share, representing 33.5% of worldwide revenue passenger kilometers (RPK) and experiencing a robust year-on-year growth of 16.9%. Europe follows with a 26.7% share and an 8.7% increase in RPK. North America holds 22.9% of the market, with more modest growth of 4.6% compared to other regions. The Middle East contributes 9.4% to the global market and posts a growth rate of 9.5%, while Latin America accounts for 5.3% with 7.8% growth. Africa, though the smallest market at 2.2% of global RPK, shows strong year-on-year growth of 13.2%. Overall, the worldwide air passenger market grows by 10.4% in RPK in 2024, according to the International Air Transport Association (IATA).
On the contrary, OEMs entering aftermarket and geopolitical tensions hampers the growth of North America aircraft MRO market.
Based on component, the North America aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held 37.6% share of the North America aircraft MRO market in 2024, amassing US$ 9,927.08 million. It is projected to garner US$ 18,630.13 million by 2031 to expand at 9.8% CAGR during 2025-2031.
Based on aircraft type, the North America aircraft MRO market is bifurcated into fixed wing and rotary wing. The fixed wing segment held 70.3% share of the North America aircraft MRO market in 2024, amassing US$ 18,573.58 million. It is projected to garner US$ 31,557.42 million by 2031 to expand at 8.3% CAGR during 2025-2031.
Based on end users, the North America aircraft MRO market is bifurcated into commercial and military. The commercial segment held 69.2% share of the North America aircraft MRO market in 2024, amassing US$ 18,282.25 million. It is projected to garner US$ 31,145.22 million by 2031 to expand at 8.3% CAGR during 2025-2031.
Based on country, the North America aircraft MRO market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US held 63.4% share of North America aircraft MRO market in 2024, amassing US$ 16,742.23 million. It is projected to garner US$ 30,073.51 million by 2031 to expand at 9.1% 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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