The Aviation Maintenance, Repair, and Overhaul (MRO) Market is forecasted to reach $87.4 billion by 2030, soaring from an estimated $66.6 billion in 2023. This upward trend, with a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period (2023–2030), is propelled by increased investments in aircraft MRO, the expanding air travel sector, and heightened governmental focus on aviation. However, challenges such as stringent regulations and a shortage of trained personnel pose hurdles to the market's expansion.
Key Growth Drivers:
1. Rising investments in aircraft MRO
2. Growth in air travel
3. Government focus on the aviation sector
Challenges:
1. Stringent regulations
2. Shortage of trained personnel
Market Opportunities and Trends: The demand for remote maintenance and repair systems is on the rise, creating opportunities for market growth. Nevertheless, a challenge persists with a shortage of trained personnel. Digital MRO stands out as a prominent trend, showcasing the industry's inclination towards innovative and efficient solutions.
Top 10 Companies Shaping the Aviation MRO Landscape: https://meticulousblog.org/top-10-companies-in-aviation-mro-market/
1. AAR CORP. (Illinois, U.S.)
• Founded in 1951
• Aviation Services and Expeditionary Services segments
• Provides inventory management, distribution, MRO, and engineering services
2. Airbus SE (South Holland, Netherlands)
• Founded in 1970
• Operates in three segments: Airbus, Airbus Helicopters, and Airbus Defense and Space
• Offers passenger and freighter aircraft, helicopters, and defense systems
3. Hong Kong Aircraft Engineering Company Limited (Hong Kong, China)
• Founded in 1950
• Globally leading in aircraft maintenance and overhaul
• Offers comprehensive checks, refurbishments, and reconfigurations
4. KLM UK Engineering Limited (Norwich, U.K.)
• Founded in 1999
• Specializes in MRO services for Boeing, Embraer, and Avro aircraft
• Operates from 6 maintenance bays across 3 modern hangars
5. Lufthansa Technik AG (Hamburg, Germany)
• Founded in 1995
• Global provider of MRO services for civilian commercial aircraft
• Offers technical services, cabin equipment, and AOG services
6. Delta Air Lines, Inc. (Georgia, U.S.)
• Founded in 1925
• MRO division, Delta TechOps, is North America's largest provider of airline MRO services
• Offers a wide range of capabilities, including engine servicing and complete interior reconfiguration
7. MTU Aero Engines AG (Munich, Germany)
• Founded in 1934
• Leading global aircraft engine manufacturer
• Operates in Commercial and Military Engine Business (OEM) and Commercial Maintenance Business (MRO) segments
8. Raytheon Technologies Corporation (Virginia, U.S.)
• Founded in 2020
• Aerospace and defense company
• Operates in four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense
9. Singapore Technologies Engineering Ltd. (Singapore)
• Founded in 1967
• Global technology, defense, and engineering company
• Operates in three segments: Commercial Aerospace, Urban Solutions & Satcom, and Defense & Public Security
10. TAP Maintenance & Engineering (Lisbon, Portugal)
• Founded in 1945
• Offers maintenance, repair, and overhaul services for Airbus, Boeing, and Embraer fleets
• Provides line maintenance for narrow and wide-body aircraft at 35 airports in Brazil
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Authoritative Insights: For a comprehensive analysis of each company, including recent financial performance, key products, significant strategies, and partnerships, Meticulous Research®'s latest report on the Aviation MRO Market provides in-depth coverage. The report also includes global market size estimates, market share analysis, revenue numbers, and a detailed examination of key industry trends.
For more detailed information, refer to Meticulous Research®’s new report: "Aviation MRO Market – Global Opportunity Analysis and Industry Forecast (2023-2030)."
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