FEATURED COMPANIES
- AAR Corp.
- Delta TechOps
- Lufthansa Technik AG
- ST Engineering
The global aircraft component MRO market reached a value of US$ 18.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 24.5 Billion by 2027, exhibiting a CAGR of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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).
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.
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.
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).
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, along with forecasts at the global and regional level from 2022-2027. 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:
- How has the global aircraft component MRO market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global aircraft component MRO industry?
- What has been the impact COVID-19 on the global aircraft component MRO industry?
- What is the breakup of the market based on the aircraft type?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the global aircraft component MRO industry?
- What are the key driving factors and challenges in the global aircraft component MRO industry?
- What is the structure of the global aircraft component MRO industry and who are the key players?
- What is the degree of competition in the global aircraft component MRO industry?
- What are the profit margins in the global aircraft component MRO industry?
Frequently Asked Questions about the Global Aircraft Component MRO Market
What is the estimated value of the Global Aircraft Component MRO Market?
What is the growth rate of the Global Aircraft Component MRO Market?
What is the forecasted size of the Global Aircraft Component MRO Market?
Who are the key companies in the Global Aircraft Component MRO Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AAR Corp.
- Delta TechOps
- Lufthansa Technik AG
- ST Engineering
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Aircraft Component MRO Market
6 Market Breakup by Aircraft Type
7 Market Breakup by Component
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Note: Product cover images may vary from those shown
- 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)
Note: Product cover images may vary from those shown
LOADING...
