Military Aviation Maintenance, Repair, and Overhaul (MRO) Market - Trends Forecast Till 2028

Aerospace and Defense MRO Market Size, Share & Trends Analysis Report by Product (Engine, Air Frame), By Application, By End-use (Commercial Aviation, Military Aviation) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-AD-MAMROM-1129

Format:  

Number of Pages: 369

Domain: Aerospace & Defense

Military Aviation Maintenance, Repair, and Overhaul (MRO) Market – Trends Forecast Till 2028

The Military Aviation Maintenance, Repair, and Overhaul (MRO) Market size is projected to reach a CAGR of 14.0% from 2022 to 2028.

Aircraft MRO includes tasks performed to ensure the continuing airworthiness of an aircraft and its parts. MRO service providers perform overhaul, inspection, replacement, defect rectification, and the embodiment of modifications in compliance with airworthiness directives and repair. The study includes MRO of all military aircraft, including helicopters used for combat and non-combat missions.

Expansion of fleet by low-cost airlines, coupled with increasing military spending spurred by the ongoing political conflicts and territorial disputes are some of the factors that have supported long-term expansion for Military Aviation Maintenance, Repair, and Overhaul (MRO) Market.

Due to COVID-19 pandemic has resulted in lower aircraft utilization rates which led to a drop in demand for the commercial aviation MRO, whereas the cargo aviation MRO market had increased considerably owing to enhanced global trade relations.

Military Aviation Maintenance, Repair, and Overhaul (MRO) Market Primary Respondent

Asia Pacific dominated the aerospace and defense MRO market and accounted for the largest revenue share during the forecast period. Rapid economic growth, urbanization, launch of new domestic airlines, low-cost labor markets such as India and China coupled with government support in establishing the aerospace clusters are driving the need for aviation services in the region.

Military Aviation Maintenance, Repair, and Overhaul (MRO) Market is segmented into product, application, end use and region.

On the basis of Product

  • Engine
  • Airframe
  • Line
  • Component                                                

On the basis of Application

  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Regional Aircraft
  • Others

On the basis of End-User

  • Commercial Aviation
  • Business & General Aviation
  • Military Aviation
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Military Aviation Maintenance, Repair, and Overhaul (MRO) Market Primary Respondent

 

Key Players

  • AAR Corporation
  • SIA Engineering Company (SIAEC) Ltd.
  • Embraer S.A
  • Air France KLM Group
  • Raytheon Technologies Corporation
  • Delta Air Lines Inc.
  • General Dynamics Corporation
  • MTU Aero Engines AG
  • Lufthansa Technik AG
  • Honeywell International Inc.
  • Spirit AeroSystems Inc.
  • Turkish Technic Inc.
  • Bombardier Inc.
  • Rolls-Royce plc
  • Hong Kong Aircraft Engineering Company (HAECO) Ltd.
  • GE Aviation
  • Boeing Company
  • Airbus SAS
  • ST Engineering
  • Magnetic MRO

Recent Developments

  • In November 2021, GAL, a unit of UAE’s state-owned defence conglomerate EDGE and a Abu Dhabi maintenance, repair and overhaul (MRO) service provider said it has secured a contract worth USD 2.9 billion (11 billion dirhams) from the UAE Air Force and Air Defence (AFAD) to provide aircraft MRO under a three-year performance-based logistics (PBL) contract.
  • In August 2021, The Indian Air Force (IAF) has awarded Lockheed Martin a USD 328.8 million, five-year contract to provide comprehensive maintenance support for its fleet of 12 C-130J Super Hercules tactical airlifter aircraft. Under the Follow on Support-II (FOS-II) contract, an extension of the initial FOS-I contract, the IAF will pay the company about USD 5.5 million per C-130J, per year, in order to obtain a specified level of operational readiness across the fleet.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Military Aviation Maintenance, Repair, and Overhaul (MRO) Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 14.0% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

product, application, end use and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

AAR Corporation; SIA Engineering Company (SIAEC) Ltd.; Embraer S.A; Air France KLM Group; Raytheon Technologies Corporation; Delta Air Lines Inc.; General Dynamics Corporation; MTU Aero Engines AG; Lufthansa Technik AG; Honeywell International Inc.; Spirit AeroSystems Inc.; Turkish Technic Inc.; Bombardier Inc.; Rolls-Royce plc; Hong Kong Aircraft Engineering Company (HAECO) Ltd.; GE Aviation; Boeing Company; Airbus SAS; ST Engineering; Magnetic MRO

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