The Aviation Engine MRO Market Size was valued at USD 23.2 billion in 2022, expected to reach USD 34.5 billion by 2030 and grow at a CAGR of 5.1% over the forecast period 2023-2030.
Increased air traffic in emerging nations, the requirement for adequate engine and component maintenance, and rising investment in MRO facilities are likely to boost the Aircraft Engine MRO Market throughout the forecast years. The Global Aircraft Engine MRO Market research offers a comprehensive analysis of the market. The research provides a detailed analysis of the market's key segments, trends, drivers, restraints, competitive landscape, and determinants.
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The abbreviation MRO, which is commonly used for aviation maintenance, stands for maintenance, repair, and overhaul. Aircraft engine MRO services refer to the repair, maintenance, and overhaul of engines supplied by corporations to airlines for the optimum health of the aircraft engine.
Engine for an aeroplane MRO services are required for the aircraft to ensure that it is fit to transport passengers and cargo safely. The market is divided into two categories based on engine type: turbo engine and piston engine. The market is divided into two segments based on application: civil aviation and military aviation.
Market Dynamics
Key Drivers
Engine Development For Next-Generation Aircraft
Improve Mro Outsourcing Activities
Restraints:
Mro Of Aviation Engines Is Expensive.
Growing Environmental Dangers Related To Aviation Engine Mro Services
Opportunities
Internet of Things (Iot) Integration In Mro
Aftermarket Parts Availability On E-Commerce Platforms
Challenges:
THE IMPACT OF COVID-19
The COVID-19 epidemic has had a significant impact on the aviation sector and aircraft MRO market. The industry experienced a difficult period in March-April and is expected to suffer significant losses in terms of air passenger revenues in 2020 as a result of containment measures implemented by several countries. While the aviation industry has begun to recover, it will take time to return to pre-pandemic levels. The pandemic has compelled many regulators and aviation organisations to investigate remote working and social distancing options. The Federal Aviation Administration (FAA) has established a new policy that would authorise the use of remote technology and video links for performing inspections and certifying regulatory compliance during COVID-19.
The market is divided into two segments based on engine type: turbo engine and piston engine. The Turbo Engine sector is projected to dominate the market. The factors are due to its strong thrust and fuel efficiency.
The market is divided into two segments based on application: civil aviation and military aviation. In the foreseeable time frame, the Civil Aviation category is expected to have the greatest CAGR. The factors can be linked to increased passenger traffic and increased penetration and expansion of low-cost carriers.
Fixed-wing aircraft have wings rather than vertical lift rotors. Control surfaces, such as ailerons, rudders, and elevators, are built into the wings of this aircraft. This configuration has various advantages over rotary-wing aircraft, including endurance, vast area coverage, flight speed, and a higher passenger carrying capacity. As a result, commercial airlines and military organisations typically use these aircraft for long-distance travel. Furthermore, due to an increase in air passenger traffic, demand for fixed-wing aircraft is increasing globally. As a result, rising demand for fixed-wing aircraft is likely to fuel expansion in the fixed-wing aircraft segment of the global aviation engine MRO market. The fixed-wing aircraft segment has the largest market share.
By Engine Type
Turbo Engine
Piston Engine
By Application
Civil Aviation
Military Aviation
By Aircraft Type
FIXED-WING AIRCRAFT
ROTARY-WING AIRCRAFT
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REGIONAL ANALYSIS:
North America, Europe, Asia Pacific, and the Rest of the World comprise the Aircraft Engine MRO Market. Because of the large-scale civil aviation sector in countries such as China, Asia Pacific will hold the highest share of the market. Every day, China experiences a great number of flying activities. It is the world's second-biggest aviation market in terms of air passenger traffic, and it is expected to overtake the United States to become the world's largest aviation market by 2022.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Key Players are AIR FRANCE KLM Group, Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Company Limited, Lufthansa Technik, MTU AERO ENGINES AG, Rolls-Royce plc, Safran, SIA Engineering Company, and United Technologies, Honeywell International Inc. & Other Players.
GE Aviation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 23.2 Billion |
| Market Size by 2030 | US$ 34.5 Billion |
| CAGR | CAGR of 5.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Engine Type (Turbo Engine, Piston Engine) • By Application (Civil Aviation, Military Aviation) • By Aircraft Type (FIXED-WING AIRCRAFT, ROTARY-WING AIRCRAFT) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | AIR FRANCE KLM Group Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Company Limited, Lufthansa Technik, MTU AERO ENGINES AG, Rolls-Royce plc, Safran, SIA Engineering Company, and United Technologies, Honeywell International Inc. |
| KEY DRIVERS | • Engine Development For Next-Generation Aircraft • Improve Mro Outsourcing Activities |
| Restraints | • Mro Of Aviation Engines Is Expensive. • Growing Environmental Dangers Related To Aviation Engine Mro Services |
According to SNS insiders, the Aviation Engine MRO Market size was USD 41.54 billion in 2021 and is expected to reach USD 65.03 billion by 2028 with a CAGR of 6.61% over the forecasted period.
North America, Europe, Asia Pacific, and the Rest of the World comprise the Aircraft Engine MRO Market. Because of the large-scale civil aviation sector in countries such as China, Asia Pacific will hold the highest share of the market.
The COVID-19 epidemic has had a significant impact on the aviation sector and aircraft MRO market. The industry experienced a difficult period in March-April and is expected to suffer significant losses in terms of air passenger revenues in 2020
The sample for the Aviation Engine MRO Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aviation Engine MRO Market Segmentation, by Engine Type
8.1 Turbo Engine
8.2 Piston Engine
9. Aviation Engine MRO Market Segmentation, by Application
9.1 Civil Aviation
9.2 Military Aviation
10. Aviation Engine MRO Market Segmentation, by Aircraft Type
10.1 Fixed-Wing Aircraft
10.2 Rotary-Wing Aircraft
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Hong Kong Aircraft Engineering Company Limited,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Lufthansa Technik,
12.3 MTU AERO ENGINES AG,
12.4 SIA Engineering Company,
12.5 United Technologies.,
12.6 Honeywell International Inc,
12.7 AIR FRANCE KLM Group Delta TechOps,
12.8 GE Aviation,
12.9 Rolls-Royce plc,
12.10 Safran.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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