Commercial Aircraft MRO Market Overview
The commercial aircraft MRO market is expected to grow at a healthy rate for the projection period. The increase in engine MRO manufacturing is expected to provide up prospects in the commercial aircraft MRO market. Maintenance activities, repairs, components assembly, and software maintenance are all part of the field and depot-level maintenance. The commercial aircraft MRO market will be propelled by the growing demand for such services.
Manufacturing repair parts, assemblies, and components to OEM specifications will almost likely open up lucrative opportunities in commercial aircraft MRO. The commercial aircraft MRO market is robust, with a number of well-known companies. New technology research and development is receiving significant funding. This could be a critical growth strategy for commercial aircraft MRO players.
In the commercial aircraft MRO market, advanced technologies are being introduced. As a result, market participants should expect a new source of revenue. Commercial aircraft MRO R&D projects are attracting the attention of market players. This has helped the growth of commercial aircraft repair and maintenance (MRO) in the global industry.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | MRO Type, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ST Aerospace, United Technologies Corporation, ST Aerospace, and L3 Harris Technologies. |
Covid-19 Impact on Commercial Aircraft MRO Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Commercial Aircraft MRO Market Segment Overview
Based on MRO type, the global Commercial Aircraft MRO market is segmented into airframe, engine, component, and line. The airframe is one of the largest segments of the global market. The wings, fuselage, tail assembly, and landing gear make up the airframe, which is the fundamental structure of an aircraft or spacecraft excluding its power plant and instrumentation. All aerodynamic forces, as well as the stresses produced by the weight of the fuel, crew, and payload, are designed into the airframe. Furthermore, Engine is another major segment of the market. Moreover, the regular maintenance and repair of aircraft may boost good development of the commercial aircraft MRO market.
Commercial Aircraft MRO Market, By MRO Type
· Airframe
· Engine
· Component
· Line
Commercial Aircraft MRO Market Regional Overview
In terms of geography, the global Commercial Aircraft MRO market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific now maintains a large share of the commercial aircraft MRO market, and this trend is expected to continue during the projection period. Countries like Japan, China, and India are expected to be major contributors to the commercial aircraft MRO market's growth. Growth in the commercial aircraft MRO market in the region is propelled by R&D performed by several important firms based in the United States, as well as collaboration with the aviation sector to upgrade and replace old aircraft components.
Commercial Aircraft MRO Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Commercial Aircraft MRO Market Competitor overview
Some key developments and strategies adopted by manufacturers in Commercial Aircraft MRO are highlighted below.
· In February 2022, KF Aerospace, a leading Canadian approved maintenance organization (AMO) has begun using 8tree’s dentCHECK to enhance the efficiency and quality of its dent-mapping activities.
Commercial Aircraft MRO Market, Key Players
· ST Aerospace
· United Technologies Corporation
· ST Aerospace
· L3 Harris Technologies
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Commercial Aircraft MRO market?
The increase in engine MRO manufacturing is expected to provide up prospects in the commercial aircraft MRO market.
Q2. Which Segments are covered in the global Commercial Aircraft MRO market report?
MRO Type, and Region. these segments are covered in the global Commercial Aircraft MRO market report.
Q3. Which segment is projected to hold the largest share in the global Commercial Aircraft MRO market?
The airframe segment is projected to hold the largest share in the global Commercial Aircraft MRO market.
Q4. Which region holds the largest share in the global Commercial Aircraft MRO market?
Asia Pacific holds the largest share in the global Commercial Aircraft MRO market.
Q5. Which are the prominent players in the global Commercial Aircraft MRO market?
ST Aerospace, United Technologies Corporation, ST Aerospace, and L3 Harris Technologies. are some key players in the global Commercial Aircraft MRO market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Commercial Aircraft MRO Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By MRO Type
- 5.2.1. Airframe
- 5.2.2. Engine
- 5.2.3. Component
- 5.2.4. Line
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America, Middle East and Africa
6. North America Commercial Aircraft MRO Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By MRO Type
- 6.2.1. Airframe
- 6.2.2. Engine
- 6.2.3. Component
- 6.2.4. Line
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
7. Europe Commercial Aircraft MRO Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By MRO Type
- 7.2.1. Airframe
- 7.2.2. Engine
- 7.2.3. Component
- 7.2.4. Line
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. UK
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Rest of Europe
8. Asia Pacific Commercial Aircraft MRO Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By MRO Type
- 8.2.1. Airframe
- 8.2.2. Engine
- 8.2.3. Component
- 8.2.4. Line
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. China
- 8.3.2. India
- 8.3.3. Japan
- 8.3.4. Australia
- 8.3.5. South East Asia
- 8.3.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Commercial Aircraft MRO Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By MRO Type
- 9.2.1. Airframe
- 9.2.2. Engine
- 9.2.3. Component
- 9.2.4. Line
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. Brazil
- 9.3.2. Saudi Arabia
- 9.3.3. UAE
- 9.3.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ST Aerospace
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. United Technologies Corporation
- 10.6. ST Aerospace
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
