Aircraft MRO Market is expected to reach US$ 170,482.90 Million by 2031

Expansion of Business Aviation Sector Fuels Aircraft MRO Market Growth

According to our latest study, "Aircraft MRO Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component, Aircraft Type, End Use, and Geography," the market was valued at US$ 99,086.94 million in 2024 and is expected to reach US$ 170,482.90 million by 2031; it is estimated to record a CAGR of 8.5% from 2025 to 2031. The report includes growth prospects owing to the current aircraft MRO market trends and their foreseeable impact during the forecast period.

The maintenance, repair, and overhaul (MRO) services are an essential and unavoidable aspect of every business. A proper MRO of an aircraft or its components can help businesses avoid significant risks to their survival. Hence, aviation industry players majorly focus on creating effective business processes and infrastructure to support industry growth. The rising demand for air travel worldwide is encouraging aircraft manufacturers such as Airbus and Boeing to increase their production volumes and offer maintenance services for these aircraft. With the constant growth in air traffic, carriers are more liable to maintain the optimum condition of the aircraft so as to extend their life span; otherwise, they would have to procure new aircraft. The cost of procurement of a new aircraft is much higher than the cost of the maintenance of the existing aircraft. Governments across the world are highly engaged in investing billions of dollars in aviation infrastructure to deliver better MRO services. They are also planning to develop the airports as MRO hubs, integrating all the capabilities, facilities, and warehouses to offer high-quality services to aircraft. Several engine development programs are being adopted, owing to the mounting spending toward aircraft modernization, norms and regulations, and environmental concerns for the retirement of older fleets. Most of the engine manufacturers are robustly focusing on the development of economical and efficient engines for new aircraft fleets. The procurement of advanced aircraft parts is expected to double in the next few years, which is resulting in the retirement of older planes across the globe. Further, the integration of the Internet of Things (IoT), Blockchain, artificial intelligence (AI), and other advanced technologies into aircraft is demanding a high level of maintenance services, which is further boosting the aircraft MRO market growth.

Aircraft MRO Market Analysis — by Region (%, 2024)

Source: The Insight Partners Analysis

The ecosystem of the aircraft MRO market comprises various components that include component manufacturers, MRO service providers, and end users. Engine, avionics, airframe, cabin, and landing gear are the crucial components for any type of aircraft, including commercial, military, and business. The demand for aircraft parts is primarily driven by new orders for military and commercial aircraft, along with MRO services. The component manufacturers provide hardware support to MRO service providers by offering components ranging from small screws to electrical systems and engine parts to cabin systems. GE Aviation, Safran Power Systems, and Rolls-Royce are among the major aircraft component providers operating globally, which cater to aircraft manufacturers and MRO service providers. MRO service providers are enhancing their capabilities to service the next-gen aircraft. Several MROs have launched continuous enhancement procedures to increase their effectiveness, aiming to boost their respective annual sales. Similarly, numerous MRO service providers are using advanced technologies to facilitate upgrades and prepare for the bigger data requirements of next-gen aircraft. 

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 are among the key players profiled during the aircraft MRO market report. Other essential market players have also been studied and analyzed to get a holistic view of the global aircraft MRO market and its ecosystem.

The scope of the aircraft MRO market report focuses on North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM). Asia Pacific accounted for the largest aircraft MRO market share in 2024, followed by North America and Europe.

The North America aircraft MRO market is segmented into the US, Canada, and Mexico. The US accounted for the largest North America aircraft MRO market share in 2024, and it is expected to retain its dominance during the forecast period. The US aircraft MRO market growth is experiencing sluggish rate due to higher labor costs, leading to the outsourcing of airplanes for heavy checks. The airlines in the country experience a higher density of air traveling passengers, owing to which the flying hours of each aircraft are higher, and consequently, the demand for frequent aircraft maintenance. The presence of independent MRO service providers has enabled airlines to opt for frequent A-checks, B-checks, and C-checks in the country. The US Department of Defense (US DoD) continuously procures a newer aircraft fleet. However, the existing aircraft fleet is higher than in other countries across the world. In January 2023, SupplyCore secured a contract of US$ 375 million from the Defense Logistics Agency for the maintenance, repair, and operation of US military facilities. The defense budget and expenditure from the US DoD allow the forces to opt for frequent MRO activities of the aircraft fleet and facilitate the forces to be mission-ready.

In June 2023, RTX made an announcement regarding its Collins Aerospace division. Collins Aerospace has entered into a multi-year FlightSense flight-hour contract with Envoy Air. This agreement entails the provision of MRO services for systems installed on Envoy Air's fleet of 128 Embraer E175 aircraft. The scope of Collins' responsibilities under this contract encompasses critical components, including electric power systems, fire protection systems, and sensors. This collaboration signifies a strategic partnership aimed at ensuring the operational reliability and safety of Envoy Air's aircraft fleet. In April 2025, Satair and Collins Aerospace, a division of RTX, extended their cabin interior parts distribution agreement for an additional four years, furthering a partnership that has lasted over five decades. This renewed agreement guarantees an efficient delivery of distribution rights for Collins’ range of oxygen systems, Goodrich lighting solutions, and beverage makers, applicable to Airbus, Boeing, and other platforms. As Collins Aerospace provides MRO services for Envoy Air's fleet of Embraer E175 aircraft, it translates to a higher volume of work for MRO providers in the US. The FlightSense flight-hour contract between Collins Aerospace and Envoy Air stimulates business activities and job growth. It also highlights the region's expertise in aerospace maintenance, potentially attracting more customers and opportunities. Such factors are likely to have a significant impact on the North America aircraft MRO market forecast in the next few years.

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