Commercial and Military Aircraft MRO Market by Sector and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46513
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The commercial and military aircraft MRO market size has the potential to grow by USD 58.82 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 8.26%. 

This report provides a detailed analysis of the market by sector (military aircraft MRO and commercial aircraft MRO), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • AAR Corp.
  • Delta Air Lines Inc.
  • General Electric Co.
  • Israel Aerospace Industries Ltd.
  • Lockheed Martin Corp.
  • Raytheon Technologies Corp.
  • Rolls-Royce Plc
  • SIA Engineering Co.
  • Singapore Technologies Engineering Ltd.
  • Thales Group

 

The commercial and military aircraft MRO market is fragmented and the vendors are deploying growth strategies such as upgrading aircraft with high-speed technologies and robust systems to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the establishment of new maintenance facilities to achieve growth opportunities. However, factors such as high cost and unavailability of spare parts will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the commercial and military aircraft MRO market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This commercial and military aircraft MRO market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Commercial and Military Aircraft MRO Market: Key Drivers and Trends

  • The establishment of new maintenance facilities is one of the primary factors driving the commercial and military aircraft MRO market growth.
  • Global aircraft manufacturers are establishing maintenance facilities in various regions across the globe to penetrate regional markets and establish competition with the local maintenance service providers.
  • Since this availability of manufacturer-certified maintenance service centers will eliminate the need to fly the aircraft to other locations, customers will prefer such maintenance facilities rather than third-party service providers.
  • The growing focus on the development of eco-friendly aircrafts is one of the commercial and military aircraft MRO market trends to gain traction in the market.
  • The growing focus on environment-safety will induce several airlines operators to opt for eco-friendly aircrafts that use less fuel and also account for a less amount of carbon emissions.
  • Several US and European airlines services including Virgin America, United Airlines, JetBlue, Air Canada, and British Airways are already focusing on using green design technologies and waste-reduction programs and are also providing carbon-offset options to air travelers.

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Commercial and Military Aircraft MRO Market: Segmentation by Geography

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31% of the market’s growth will originate from APAC during the forecast period. China is a key market for commercial and military aircraft MRO in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing investments by China, India, and Australia to modernize their vast fleet of existing military aircraft will facilitate the commercial and military aircraft MRO market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Commercial and Military Aircraft MRO Market: Segmentation by Sector

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The development of lightweight airframe structures is driving defense agencies to modify their military aircraft, which, in turn, is propelling the military aircraft airframe MRO market. With the growing demand for fuel efficiency and lower emissions, many modern engine programs have also been planned that will accelerate the military aircraft engine MRO market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial and military aircraft MRO market size. Fetch actionable market insights on post COVID19 impact on each segment.   

 

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Commercial and Military Aircraft MRO Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive commercial and military aircraft MRO market growth during the next five years
  • Precise estimation of the commercial and military aircraft MRO market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial and military aircraft MRO industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial and military aircraft MRO market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The commercial and military aircraft mro market growth will increase by $58.82 billion during 2020-2025.
The commercial and military aircraft mro market is expected to grow at a CAGR of 8.26% during 2020-2025.
Technavio has segmented the commercial and military aircraft mro market by other1 (Military aircraft MRO and Commercial aircraft MRO) and geographic (APAC, North America, Europe, MEA, and South America).
AAR Corp., Delta Air Lines Inc., General Electric Co., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Raytheon Technologies Corp., Rolls-Royce Plc, SIA Engineering Co., Singapore Technologies Engineering Ltd., Thales Group are a few of the key vendors in the commercial and military aircraft mro market.
APAC will register the highest growth rate of 30.96% among the other regions. Therefore, the commercial and military aircraft mro market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the commercial and military aircraft mro market growth are:
  • Service-life extension of military aircraft
  • Integration of advanced weapons into aircraft
The commercial and military aircraft mro market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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