+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Asia Pacific Aircraft MRO Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Aircraft Type, and End-User

  • ID: 5359789
  • Report
  • June 2021
  • Region: Asia Pacific
  • 137 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • MORE
Commercial Segment to Dominate APAC Aircraft MRO Market during 2020-2028



According to this research study titled “APAC Aircraft MRO Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Component, Aircraft Type, and End-User,” the market is expected to reach US$ 23.07 billion by 2028 from US$ 15.61 billion in 2021. The market is estimated to grow at a CAGR of 5.7 % from 2021 to 2028. The report provides trends prevailing in the APAC aircraft MRO market along with the drivers and restraints pertaining to the market growth. Rising deployment of retrofitting technologies for improved aircraft and burgeoning adoption of blockchain technology are the major factor driving the growth of the APAC aircraft MRO market. However, increasing share of original equipment manufacturers (OEMs) in the aftermarket hinders the growth of APAC aircraft MRO market.

In case of COVID-19, APAC is highly affected specially India. Several other countries such as Japan and Southeast Asian countries are also combating the virus, which is a critical factor slowing the growth of the aircraft MRO market in the region. The aircraft maintenance service providers are observing noteworthy downfall in respective businesses, which is directly attributed to the lesser demand for the same among various end users, including airline operators. The outbreak has substantially disrupted the aircraft MRO services in the region, which had a negative impact on the market. The recovery period is expected to be faster than other regions, as several countries are anticipated to gain new airports in the coming years and governments of various countries, including China, are taking various initiatives to reduce the losses from the aviation industry. Several airlines in the region have retired their wide-body jets and narrow-body jets, which were prime customers of aftermarket products and services. This factor is anticipated to inhibit the aircraft MRO market for the next few months. For instance, Qantas retired its Boeing B747 in mid-2020 to cope with the COVID-19 pandemic's financial pressure. Similarly, Singapore Airlines sent a few of the Airbus A380 fleet for long-term storage for a similar reason. Thus, the retirement and long-term storage of wide-body jets is creating tremors in the aircraft MRO market.

The APAC aircraft MRO market has been segmented on the basis on component, aircraft type, end-user, and country. 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 dominated the APAC aircraft MRO market in 2020 and is also expected to be fastest growing during forecast period. The market by aircraft type has been bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment dominated the APAC aircraft MRO market in 2020 and rotary wing aircraft segment is expected to be fastest growing during forecast period. Further, based on end-user, it has been categorized into commercial and military. The commercial segment dominated the APAC aircraft MRO market in 2020 and is also expected to be fastest growing during forecast period.

AAR; Barnes Group Inc.; Collins Aerospace; Delta TechOps; FLTechnics, UAB.; GE Aviation; Lufthansa Technik; Rolls-Royce plc.; and Singapore Technologies Engineering Ltd are among the leading companies in the APAC aircraft MRO market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, AAR announced the integration of Donecle drone technology into its MRO operations. The new drone technology would empower the company to perform a visual inspection of B737 and A320 aircraft in under an hour.

The report segments the APAC Aircraft MRO Market as follows:

APAC Aircraft MRO Market - By Component
  • Engine MRO
  • Avionics MRO
  • Airframe MRO
  • Cabin MRO
  • Landing Gear MRO
  • Others
APAC Aircraft MRO Market - By Aircraft Type
  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
APAC Aircraft MRO Market - By End-User
  • Commercial
  • Military
APAC Aircraft MRO Market - By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • MORE
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. APAC Aircraft MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. APAC Aircraft MRO Market - Key Market Dynamics
5.1 Drivers
5.1.1 Escalating Demand for MRO Services
5.1.2 Mounting Use of Digital Technology for MRO Industry
5.2 Restraints
5.2.1 Increasing Share of Original Equipment Manufacturers (OEMs) In the Aftermarket
5.3 Opportunities
5.3.1 Rising Deployment of Retrofitting Technologies for Improved Aircraft
5.4 Future Trends
5.4.1 Burgeoning Adoption of Blockchain Technology
5.5 Impact Analysis of Drivers and Restraints

6. Aircraft MRO Market - APAC Analysis
6.1 APAC Aircraft MRO Market Overview
6.2 APAC Aircraft MRO Market Revenue Forecast and Analysis

7. APAC Aircraft MRO Market Revenue and Forecast to 2028 - By Component
7.1 Overview
7.2 APAC Aircraft MRO Market Breakdown, by Component, 2020 and 2028
7.3 Engine MRO
7.3.1 Overview
7.3.2 Engine MRO Market Forecast and Analysis
7.4 Avionics MRO
7.4.1 Overview
7.4.2 Avionics MRO Market Forecast and Analysis
7.5 Airframe MRO
7.5.1 Overview
7.5.2 Airframe MRO Market Forecast and Analysis
7.6 Cabin MRO
7.6.1 Overview
7.6.2 Cabin MRO Market Forecast and Analysis
7.7 Landing Gear MRO
7.7.1 Overview
7.7.2 Landing Gear MRO Market Forecast and Analysis
7.8 Others
7.8.1 Overview
7.8.2 Others Market Forecast and Analysis

8. APAC Aircraft MRO Market Revenue and Forecast to 2028- By Aircraft Type
8.1 Overview
8.2 APAC Aircraft MRO Market Breakdown, by Aircraft Type, 2020 and 2028
8.3 Fixed Wing
8.3.1 Overview
8.3.2 Fixed Wing Market Forecast and Analysis
8.4 Rotary Wing
8.4.1 Overview
8.4.2 Rotary Wing Market Forecast and Analysis

9. APAC Aircraft MRO Market Revenue and Forecast to 2028- By End-User
9.1 Overview
9.2 APAC Aircraft MRO Market Breakdown, by End-User, 2020 and 2028
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Forecast and Analysis
9.4 Military
9.4.1 Overview
9.4.2 Military Market Forecast and Analysis

10. APAC Aircraft MRO Market - Country Analysis
10.1 Overview
10.1.1 APAC: Aircraft MRO Market, by Key Country
10.1.1.1 China: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 China: Aircraft MRO Market, by Component
10.1.1.1.2 China: Aircraft MRO Market, by Aircraft Type
10.1.1.1.3 China: Aircraft MRO Market, by End-User
10.1.1.2 Japan: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Japan: Aircraft MRO Market, by Component
10.1.1.2.2 Japan: Aircraft MRO Market, by Aircraft Type
10.1.1.2.3 Japan: Aircraft MRO Market, by End-User
10.1.1.3 India: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 India: Aircraft MRO Market, by Component
10.1.1.3.2 India: Aircraft MRO Market, by Aircraft Type
10.1.1.3.3 India: Aircraft MRO Market, by End-User
10.1.1.4 South Korea: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.4.1 South Korea: Aircraft MRO Market, by Component
10.1.1.4.2 South Korea: Aircraft MRO Market, by Aircraft Type
10.1.1.4.3 South Korea: Aircraft MRO Market, by End-User
10.1.1.5 Australia: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.5.1 Australia: Aircraft MRO Market, by Component
10.1.1.5.2 Australia: Aircraft MRO Market, by Aircraft Type
10.1.1.5.3 Australia: Aircraft MRO Market, by End-User
10.1.1.6 Rest of APAC: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.6.1 Rest of APAC: Aircraft MRO Market, by Component
10.1.1.6.2 Rest of APAC: Aircraft MRO Market, by Aircraft Type
10.1.1.6.3 Rest of APAC: Aircraft MRO Market, by End-User

11. APAC Aircraft MRO Market - COVID-19 Impact Analysis
11.1 APAC: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition

13. Company Profiles
13.1 AAR
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Barnes Group Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GE Aviation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FLTechnics, UAB.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Singapore Technologies Engineering Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Lufthansa Technik
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Delta TechOps
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rolls-Royce plc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Collins Aerospace
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Word Index

List of Tables
Table 1. APAC Aircraft MRO Market Revenue and Forecast to 2028 (US$ Billion)
Table 2. APAC: Aircraft MRO Market, by Country - Revenue and Forecast to 2028 (US$ Billion)
Table 3. China: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 4. China: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 5. China: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 6. Japan: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 7. Japan: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 8. Japan: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 9. India: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 10. India: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 11. India: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 12. South Korea: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 13. South Korea: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 14. South Korea: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 15. Australia: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 16. Australia: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 17. Australia: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 18. Rest of APAC: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 19. Rest of APAC: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 20. Rest of APAC: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 21. List of Abbreviation

List of Figures
Figure 1. APAC Aircraft MRO Market Segmentation
Figure 2. APAC Aircraft MRO Market Segmentation - By Country
Figure 3. APAC Aircraft MRO Market Overview
Figure 4. APAC Aircraft MRO Market, by Component
Figure 5. APAC Aircraft MRO Market, by Aircraft Type
Figure 6. APAC Aircraft MRO Market, by End-User
Figure 7. APAC Aircraft MRO Market, By Country
Figure 8. Porter’s Five Forces Analysis
Figure 9. APAC Aircraft MRO Market- Ecosystem Analysis
Figure 10. APAC Aircraft MRO Market Impact Analysis of Driver and Restraints
Figure 11. APAC Aircraft MRO Market Revenue Forecast and Analysis (US$ Billion)
Figure 12. APAC Aircraft MRO Market Breakdown, by Component, 2020 and 2028(%)
Figure 13. APAC Engine MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 14. APAC Avionics MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 15. APAC Airframe MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 16. APAC Cabin MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 17. APAC Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 18. APAC Others Market Revenue and Forecast to 2028 (US$ Bn)
Figure 19. APAC Aircraft MRO Market Breakdown, by Aircraft Type, 2020 and 2028 (%)
Figure 20. APAC Fixed Wing Market Revenue and Forecast to 2028 (US$ Bn)
Figure 21. APAC Rotary Wing Market Revenue and Forecast to 2028 (US$ Bn)
Figure 22. APAC Aircraft MRO Market Breakdown, by End-User, 2020 and 2028(%)
Figure 23. APAC Commercial Market Revenue and Forecast to 2028 (US$ Bn)
Figure 24. APAC Military Market Revenue and Forecast to 2028 (US$ Bn)
Figure 25. APAC: Aircraft MRO Market, by Key Country - Revenue (2020) (USD Billion)
Figure 26. APAC: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. China: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Japan: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 29. India: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 30. South Korea: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Australia: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 32. Rest of APAC: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 33. Impact of COVID-19 Pandemic in APAC Country Markets
Note: Product cover images may vary from those shown
  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce plc.
  • Singapore Technologies Engineering Ltd
Note: Product cover images may vary from those shown
Adroll
adroll