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The aircraft MRO market size is projected to reach US$ 170,482.90 million by 2031 from US$ 99,086.94 million in 2024. The market is expected to register a CAGR of 8.5% during 2025–2031. Blockchain technology is transforming the MRO landscape, which is likely to introduce new trends in the market in the coming years.
Aircraft MRO Market Analysis
The aviation industry is growing and will continue to grow, owing to the ever-expanding global middle class. According to the report published by IATA in January 2025, the aviation industry experienced a significant rebound in 2024, with total full-year traffic measured in revenue passenger kilometers (RPKs) rising by 10.4% compared to 2023, surpassing pre-pandemic levels by 3.8%. This growth was driven by a robust increase in both international and domestic travel, with international traffic increasing by 13.6% and domestic traffic by 5.7%. The overall capacity, measured in available seat kilometers (ASK), also saw a notable rise of 8.7%, leading to a record load factor of 83.5% for the year. The Civil Aviation Administration of China (CAAC) aims to build 216 new airports by 2035 to meet the growing demands for air travel, which will have a direct impact on the aircraft MRO market in a positive way.
Major factors driving the growth of the aircraft MRO market worldwide include increasing air travel, rising presence of MRO service providers in emerging economies, and growing integration of digital technology in the MRO industry. According to the Insight Partners analysis, the global commercial aircraft fleet stood at ~29,000 aircraft in January 2025, which is likely to reach ~38,300 aircraft by the end of 2035. Similarly, the global air passenger traffic stood at around 9.5 billion passengers in 2024, witnessing an increase of around 10% compared to the global air passenger traffic of 2023. Moreover, the air passenger traffic of 2024 was equivalent to 104% of the 2019 levels, showing a full recovery to pre-pandemic levels.
Aircraft MRO Market Overview
The rapidly growing aviation industry in recent years has increased the demand for airline MRO services. The emerging economies, such as those in APAC, are highly focused on extending MRO services to commercial as well as military aircraft companies. Major aircraft MRO businesses in APAC include Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO), China; MTU Maintenance; and ExecuJet Haite Aviation Services China Co., Ltd. Heavy spending on aviation infrastructure, economic growth, and an increase in passenger count are the factors propelling the adoption of aircraft maintenance services. Moreover, the soaring number of middle-class travelers, especially in APAC countries such as China, Singapore, and India, is the main factor contributing to air travel growth, which is consequently increasing the need for aircraft maintenance services in the region. The Rest of APAC countries, which include Singapore, Malaysia, and Thailand, produce a large amount of revenue from the aviation MRO market due to well-established MRO hubs. For instance, Singapore dominates the Rest of APAC due to its established MRO hubs, and major market players such as GE Aviation, Airbus, and Rolls-Royce have substantial footprints in Singapore. According to the Wisconsin Economic Development Corporation (WEDC), Singapore houses 120 aerospace companies, which have gathered one-quarter of the APAC MRO market.
- In 2025, Safran Electronics & Defense announced the expansion of its activities in India with the opening of a new production site for electronic cards and aeronautics and defense calculators in Bengaluru, as well as a new research and development center in electronics.
- In 2024, Safran announced that it is building one of its largest MRO facilities in Hyderabad, India.
- In 2025, Thales opened its new avionics MRO facility in Gurugram, near the New Delhi airport.
- In 2023, Pratt & Whitney and Mitsubishi Heavy Industries Aero Engines Ltd. announced a second operational GTF MRO facility in Japan.
Such establishments and the expansion of existing MRO facilities across emerging regions are further propelling the growth of the aircraft MRO market.
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Aircraft MRO Market: Strategic Insights
Market Size Value in US$ 91,158.12 million in 2022 Market Size Value by US$ 134,072.28 million by 2030 Growth rate CAGR of 4.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Aircraft MRO Market: Strategic Insights
| Market Size Value in | US$ 91,158.12 million in 2022 |
| Market Size Value by | US$ 134,072.28 million by 2030 |
| Growth rate | CAGR of 4.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Aircraft MRO Market Drivers and Opportunities
Growing Integration of Digital Technology in MRO Industry
Considering the growing competition worldwide, the implementation of digital technologies is a necessary step toward the growth of MRO companies; this helps them create continuous data flow through various levels of the supply chain, further streamlining the communication between the stakeholders and accelerating innovation in various operations. The digital revolution in the aviation industry significantly impacts all areas of the supply chain of the aviation industry, including aircraft operations, air traffic management, and aircraft and component manufacturing and servicing. The data-driven technologies, such as data analytics, which help track aircraft MRO activities in real-time, would also optimize the air travel experience of crew and passengers. Other advanced technologies, such as AI and machine learning, facilitate the airline crew and management to understand the airworthiness of the aircraft. Also, the MRO service providers incorporate AI technologies to boost their procedures by easily and efficiently conducting visual checks and understanding the degree of maintenance and repairs required on the aircraft. Thus, the increasing integration of digital technologies such as AI and machine learning drives the aircraft MRO market.
Retrofitting of Older Aircraft Fleet
Retrofitting, which refers to the installation or addition of newer technologies on older aircraft fleets, helps increase passenger comfort and safety and facilitates the airlines in maintaining their older fleets. Continuous advancements in aircraft technologies are resulting in the upgrade of MRO capabilities. MRO service providers are constantly seeking upgrades and procurement of newer technologies in order to service the newer aircraft as well as retrofit the upgraded technologies on the older aircraft fleets. In the current scenario, global commercial airlines are holding on to their older aircraft fleet owing to the drop in fuel prices. This factor is compelling the airlines to opt for MRO activities frequently, which is facilitating the MRO service providers to offer the airlines to retrofit the aircraft fleet with newer technologies. The retrofitting trend is soaring among the MRO service providers. Thus, the integration of advanced and modern technologies into older aircraft fleets is expected to change the aircraft MRO market landscape as well as the face of the aviation industry.
Aircraft MRO Market Report Segmentation Analysis
The key segments contributing to the derivation of the aircraft MRO market analysis are component, aircraft component, and end user. Based on component, the market has been segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest market share in 2024. By aircraft type, the market has been bifurcated into fixed-wing aircraft and rotary-wing aircraft. The fixed-wing aircraft segment held a larger market share in 2024. Further, based on end user, the market has been categorized into commercial and military. The commercial segment held a larger market share in 2024.
Aircraft MRO Market Share Analysis by Geography
The geographical scope of the aircraft MRO market report is divided into five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific accounted for the largest market share of 39.1% in 2024 and is projected to register a CAGR of 9.9% during the forecast period. The global air passenger traffic is increasing at a constant pace, which has forced airlines to increase their flight movements and introduce new aircraft. Aircraft MRO activities are essential in keeping up component availability, consistency, and quality. Airline operators depend on MRO services to ensure the safety of the aircraft and enhance fuel efficiency. The MRO market has become a viable business in the aviation industry since original equipment manufacturers (OEMs) mainly focus on aircraft development. In most regions of the world, economic performance has been remarkable over the last few years, largely due to better consumer buying power, growing equity markets, and industry consolidation. In spite of Brexit and various other trade barriers, the global markets have remained relatively stable.
The strong performance in December 2024, with an overall demand increase of 8.6% year-on-year and a load factor reaching 84%, further underscores the sustained recovery and growing appetite for air travel. This consistent demand is likely to drive airlines to invest more in their fleets, leading to an uptick in MRO contracts as they seek to maintain operational efficiency and compliance with safety regulations.
Moreover, the increase in capital expenditure by MRO providers, as seen with Delta TechOps securing nine new component contracts worth US$ 225 million, reflects the industry's readiness to meet this rising demand. As airlines continue to modernize their fleets with next-generation aircraft, MRO providers will need to enhance their capabilities and invest in advanced technologies to support these aircraft models.
Aircraft MRO Market Report Scope
Aircraft MRO Market News and Recent Developments
The aircraft MRO market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aircraft MRO market are listed below:
- Pratt & Whitney, an RTX (NYSE: RTX) business, and Air New Zealand hosted a groundbreaking ceremony for a US$ 150 million, 14,000-square-meter expansion of its Christchurch Engine Centre. The expansion will add maintenance, repair, and overhaul (MRO) capabilities for the Pratt & Whitney GTF engine in New Zealand, with capacity for up to 140 GTF engines overhauls planned annually by 2032. (RTX, Press Release, 2024)
- Rheinland Air Service GmbH (RAS), a leading provider of aircraft maintenance, repair, and overhaul (MRO) services, announced a strategic collaboration with Lufthansa Technik AERO Alzey GmbH (LTAA), a globally recognized MRO provider specializing in regional aircraft engines and a proud member of the Lufthansa Technik Group and Lufthansa Group. (Rheinland Air Service GmbH, Press Release, 2024)
- Eastern Airlines Technic (EASTEC), a subsidiary of China Eastern Airlines, signed a twelve-year exclusive maintenance services agreement with Lufthansa Technik that encompasses the technical support for the auxiliary power units (APUs) of China Eastern Airlines' entire Airbus A350 fleet. Under this long-term contract, Lufthansa Technik will deliver comprehensive MRO services for the aircraft type’s Honeywell HGT1700 APUs at its specialized APU maintenance facility in Hamburg, Germany. (Eastern Airlines Technic, Press Release, 2025)
Aircraft MRO Market Report Coverage and Deliverables
The "Aircraft MRO Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Aircraft MRO market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aircraft MRO market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Aircraft MRO market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, market share analysis of prominent players, and recent developments for the aircraft MRO market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Components, Aircraft Type, End Users, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The aircraft MRO market is expected to reach US$ 170,482.9 million by 2031.
The key players operating in the aircraft MRO market include 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.
Increasing air travel, rising presence of MRO service providers in emerging economies, and growing integration of digital technology in MRO industry.
The aircraft MRO market was valued at US$ 99,086.94 million in 2024; it is expected to register a CAGR of 8.5% during 2025–2031.
Blockchain technology changing MRO landscape is the key future trend in the aircraft MRO market.
The List of Companies - Aircraft MRO Market
- AAR CORP
- Bames Group Inc.
- GE Aerospace
- FLTechnics, UAB.
- Turkish Technic Inc.
- Singapore Technologies Engineering Ltd
- Lufthansa Technik
- Delta TechOps
- Rolls-Royce Holdings Plc
- Collins Aerospace
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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