Key Highlights
- Aerospace MRO refers to the maintenance, repair, and overhaul of an aircraft or its parts. It includes all the actions which have the objective of retaining or restoring the items or components of an aircraft. The scope includes both civil and military aerospace. Civil aerospace includes cargo aircraft and passenger aircraft. Passenger aircraft can be owned by private operators, commercial operators, and government agencies. Military aerospace includes state/government/country-owned military aircraft, which are used for defense, security, training, and transport purposes. Market value represents revenue generated by market players in a specific year.
- The Asia-Pacific aerospace MRO market recorded revenues of $37.30 billion in 2024, representing a negative compound annual growth rate (CAGR) of 2.8% between 2019 and 2024.
- The engine overhaul segment accounted for the market's largest proportion in 2024, with total revenues of $16.95 billion, equivalent to 45.4% of the market's overall value.
- The Asia-Pacific held 32.1% of the market share and was the largest aerospace MRO market in the world in 2024.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the aerospace mro market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace mro market in Asia-Pacific
- Leading company profiles reveal details of key aerospace mro market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific aerospace mro market with five year forecasts
Reasons to Buy
- What was the size of the Asia-Pacific aerospace mro market by value in 2024?
- What will be the size of the Asia-Pacific aerospace mro market in 2029?
- What factors are affecting the strength of competition in the Asia-Pacific aerospace mro market?
- How has the market performed over the last five years?
- Who are the top competitors in Asia-Pacific's aerospace mro market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hong Kong Aircraft Engineering Co Ltd
- Singapore Technologies Engineering Ltd
- Airbus SE
- SIA Engineering Co Ltd