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Aircraft Component MRO Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 108 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732406
The global aircraft component MRO market size reached US$ 19.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 25.7 Billion by 2028, exhibiting a CAGR of 4.89% during 2022-2028.

Aircraft component MRO, also known as maintenance, repair and overhaul, is a set of administrative, managerial, and supervision activities. They are employed for restoring aircraft components to their original state of performance and function. MRO in the aeronautical industry has strict and precise requirements stated by the airworthiness authorities to guarantee the safety of cargo, passengers and aircrew. It plays a vital role in maintaining product quality, reliability and availability. The services encompass components including mechanical actuators, avionics and electronics, fuel systems and carburetors, and landing gear and auxiliary power units (APUs).

Global Aircraft Component MRO Market Trends:

Over the past few years, airline operators and OEMs have been using radio-frequency identification (RFID) in the commercial aerospace component MRO market to enhance the cost-effectiveness of the services provided by them. However, airline companies are now outsourcing these activities to third-party organizations for contract organizations. As aircraft component MRO accounts for a significant portion of airline expenses, this trend has created numerous growth opportunities in the market. In addition to this, improving economic conditions in regions like the Middle East, Asia and Africa has led to the demand for low-cost air travel services. Apart from this, the introduction of innovative software technologies has helped OEMs in fulfilling the airworthiness standards of EASA and FAA. Such software programs offer features like labor-hour tracking, maintenance scheduling, and service bulletins for airline operators and service providers.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global aircraft component MRO market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on aircraft type, component and application.

Breakup by Aircraft Type:

  • Narrow Body
  • Wide-Body
  • Regional Jets/Turboprop

Breakup by Component:

  • Fuselage
  • Empennage
  • Landing Gear
  • Wings
  • Engine
  • Others

Breakup by Application:

  • Commercial Air Transport
  • Business and General Aviation
  • Military Aviation

Breakup by Region:

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Delta TechOps, Lufthansa Technik AG, Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Honeywell International Inc., ST Engineering, AAR Corp., Barnes Aerospace, Inc. (Barnes Group), FL Technics (Avia Solutions Group) and Turkish Technic Inc. (Turkish Airlines), etc.

Key Questions Answered in This Report

1. What was the size of the global aircraft component MRO market in 2022?
2. What is the expected growth rate of the global aircraft component MRO market during 2023-2028?
3. What are the key factors driving the global aircraft component MRO market?
4. What has been the impact of COVID-19 on the global aircraft component MRO market?
5. What is the breakup of the global aircraft component MRO market based on the application?
6. What are the key regions in the global aircraft component MRO market?
7. Who are the key players/companies in the global aircraft component MRO market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Aircraft Component MRO Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Aircraft Type
5.5 Market Breakup by Component
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast

6 Market Breakup by Aircraft Type
6.1 Narrow-Body
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wide-Body
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Regional Jets/Turboprop
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Component
7.1 Fuselage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Empennage
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Landing Gear
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Wings
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Engine
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Application
8.1 Commercial Air Transport
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Business and General Aviation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Military Aviation
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Region
9.1 Europe
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 North America
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Delta TechOps
14.3.2 Lufthansa Technik AG
14.3.3 Air France Industries KLM Engineering & Maintenance
14.3.4 Hong Kong Aircraft Engineering Company Limited
14.3.5 Honeywell International Inc.
14.3.6 ST Engineering
14.3.7 AAR Corp.
14.3.8 Barnes Aerospace, Inc. (Barnes Group)
14.3.9 FL Technics (Avia Solutions Group)
14.3.10 Turkish Technic Inc. (Turkish Airlines)

List of Figures
Figure 1: Global: Aircraft Component MRO Market: Major Drivers and Challenges
Figure 2: Global: Aircraft Component MRO Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Aircraft Component MRO Market: Breakup by Aircraft Type (in %), 2022
Figure 4: Global: Aircraft Component MRO Market: Breakup by Component (in %), 2022
Figure 5: Global: Aircraft Component MRO Market: Breakup by Application (in %), 2022
Figure 6: Global: Aircraft Component MRO Market: Breakup by Region (in %), 2022
Figure 7: Global: Aircraft Component MRO Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Aircraft Component MRO Industry: SWOT Analysis
Figure 9: Global: Aircraft Component MRO Industry: Value Chain Analysis
Figure 10: Global: Aircraft Component MRO Industry: Porter’s Five Forces Analysis
Figure 11: Global: Aircraft Component MRO (Narrow-Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Aircraft Component MRO (Narrow-Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Aircraft Component MRO (Wide-Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Aircraft Component MRO (Wide-Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Aircraft Component MRO (Regional Jets/Turboprop) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Aircraft Component MRO (Regional Jets/Turboprop) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Aircraft Component MRO (Fuselage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Aircraft Component MRO (Fuselage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Aircraft Component MRO (Empennage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Aircraft Component MRO (Empennage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Aircraft Component MRO (Landing Gear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Aircraft Component MRO (Landing Gear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Aircraft Component MRO (Wings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Aircraft Component MRO (Wings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Aircraft Component MRO (Engine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Aircraft Component MRO (Engine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Aircraft Component MRO (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Aircraft Component MRO (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Aircraft Component MRO (Commercial Air Transport) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Aircraft Component MRO (Commercial Air Transport) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Aircraft Component MRO (Business and General Aviation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Aircraft Component MRO (Business and General Aviation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Aircraft Component MRO (Military Aviation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Aircraft Component MRO (Military Aviation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Europe: Aircraft Component MRO Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Europe: Aircraft Component MRO Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Aircraft Component MRO Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Aircraft Component MRO Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia Pacific: Aircraft Component MRO Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia Pacific: Aircraft Component MRO Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Middle East and Africa: Aircraft Component MRO Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Middle East and Africa: Aircraft Component MRO Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Latin America: Aircraft Component MRO Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Latin America: Aircraft Component MRO Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables
Table 1: Global: Aircraft Component MRO Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Aircraft Component MRO Market Forecast: Breakup by Aircraft Type (in Million US$), 2023-2028
Table 3: Global: Aircraft Component MRO Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Aircraft Component MRO Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Aircraft Component MRO Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Aircraft Component MRO Market Structure
Table 7: Global: Aircraft Component MRO Market: Key Players

Companies Mentioned

  • Delta TechOps
  • Lufthansa Technik AG
  • Air France Industries KLM Engineering & Maintenance
  • Hong Kong Aircraft Engineering Company Limited
  • Honeywell International Inc.
  • ST Engineering
  • AAR Corp.
  • Barnes Aerospace Inc. (Barnes Group)
  • FL Technics (Avia Solutions Group)
  • Turkish Technic Inc. (Turkish Airlines)

Methodology

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