Commercial and Military Aircraft MRO Market by Sector and Geography - Forecast and Analysis 2022-2026

The commercial and military aircraft MRO market share is expected to increase by USD 20.88 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.13%.

The commercial and military aircraft MRO market has been broadly categorized into the following demographic segmentations: 

• Sector - Military aircraft MRO and commercial aircraft MRO
• Geography - APAC, North America, Europe, Middle East and Africa, and South America

The commercial and military aircraft MRO market vendors covered in this market study include A J Walter Aviation Ltd., AAR Corp., Airbus SE, Avia Solutions Group PLC, Aviation Technical Services Inc., Barnes Group Inc., Delta Air Lines Inc., Deutsche Lufthansa AG, Elbit Systems Ltd., General Electric Co., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MRO Holdings, MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Holdings Plc, Safran SA, Singapore Airlines Ltd., Singapore Technologies Engineering Ltd., SR Technics Switzerland Ltd., StandardAero Aviation, Thales Group, The Boeing Co., and Turkish Technic Inc. among others. One of the key highlights of the commercial and military aircraft MRO industry research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the Commercial and Military Aircraft MRO Market Size be During the Forecast Period?

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Commercial and Military Aircraft MRO Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The service-life extension of military aircraft is notably driving the commercial and military aircraft MRO market growth, although factors such as challenges due to high cost and unavailability of spare parts may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial and military aircraft MRO industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial and Military Aircraft MRO Market Driver

• One of the key factors driving the global commercial and military aircraft maintenance, repair, and overhaul (MRO) market growth is the service-life extension of military aircraft.
• Over the last 15 years, wars in Russia, Iraq, Afghanistan, Serbia, and Libya have witnessed extensive use of all varieties of aircraft, which has resulted in rapid wear and tear and depletion of jets, which require MRO.
• The US government has also planned to upgrade and modernize the existing aircraft to maintain the deployable fleet as and when required. This approach is adopted by countries such as the UK, Russia, India, Australia, and South Africa.
• Around 75% of Russia's fixed-wing combat aircraft are either new or modernized, which can support new guided weapons and are equipped with improved sensors and self-defense jammers. Thus, such factors will drive the market growth in the forecast period.

Key Commercial and Military Aircraft MRO Market Trend

• Integration of advanced weapons into aircraft is one of the key commercial and military aircraft MRO market trends that is expected to impact the industry positively in the forecast period.
• The incorporation of advanced missiles in fighter aircraft would make military aerospace more lethal, capable, and effective as these missiles have the following advantages:
  • long-range
  • supersonic speed
  • precision-guide
  • self-propelled
• The geopolitical tensions are increasing across many countries worldwide, which has fuled investments in military aircraft upgrades.
• Even countries, which are not currently involved in any geopolitical dispute, can be seen strengthening their defense as they expect friction among some countries to increase over the next five years. This is posed to increase the demand for aircraft MRO services over the forecast period.

Key Commercial and Military Aircraft MRO Market Challenge

• One of the key challenges to the global commercial and military aircraft maintenance, repair, and overhaul market growth is the high cost and unavailability of spare parts.
• The major military powers such as the US and several European countries are limiting their defense expenditure, thus, defense departments find it difficult to upgrade fleets of large military aircraft such as the Boeing C-17 Globemaster III and Lockheed C-130 Hercules.
• Cannibalization of one aircraft component to fix another is also common owing to the shortage of compatible parts for aircraft. Maintenance personnel has to spend considerable time transferring parts from one aircraft to another, particularly in the case of B1-B bombers, F-16 fighters, and C-5 transport aircraft.
• Parts shortages affect operations and maintenance effectiveness, which may limit the growth of the market in focus in the coming years.

This commercial and military aircraft MRO market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global commercial and military aircraft MRO market as a part of the global aerospace & defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial and military aircraft MRO market during the forecast period.

Who are the Major Commercial and Military Aircraft MRO Market Vendors?

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

• A J Walter Aviation Ltd.
• AAR Corp.
• Airbus SE
• Avia Solutions Group PLC
• Aviation Technical Services Inc.
• Barnes Group Inc.
• Delta Air Lines Inc.
• Deutsche Lufthansa AG
• Elbit Systems Ltd.
• General Electric Co.
• Israel Aerospace Industries Ltd.
• Lockheed Martin Corp.
• MRO Holdings
• MTU Aero Engines AG
• Raytheon Technologies Corp.
• Rolls-Royce Holdings Plc
• Safran SA
• Singapore Airlines Ltd.
• Singapore Technologies Engineering Ltd.
• SR Technics Switzerland Ltd.
• StandardAero Aviation
• Thales Group
• The Boeing Co.
• Turkish Technic Inc.

This statistical study of the commercial and military aircraft MRO market encompasses successful business strategies deployed by the key vendors. The commercial and military aircraft MRO market is fragmented and the vendors are deploying growth strategies such as R&D investments to compete in the market.

Product Insights and News

• AAR Corp. - The company offers commercial and military aircraft MRO that includes airframe maintenance, landing gear services, engineering services, and component repair. 
• AAR Corp. - In 2022, the company has been recognized as one of the  Americas best Midsize Employers declared by Forbes unit for the fourth time. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial and military aircraft MRO market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Commercial and Military Aircraft MRO Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the commercial and military aircraft MRO market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Commercial and Military Aircraft MRO Market?

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34% of the market's growth will originate from APAC during the forecast period. China, India, and Russia are the key markets 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 significant increase in investment to modernize the vast fleet of existing military aircraft and military aircraft upgrade programs in countries such as Indonesia, Thailand, and South Korea will facilitate the commercial and military aircraft MRO market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19-induced lockdown in the region stopped all air traffic. In 2020, APAC witnessed an 85% decline in the region's outbound travel compared to 2019; furthermore, 70% of borders in the region were closed to non-essential travel. In addition, ST Engineering, headquartered in Singapore, faced a slowdown in its aerospace unit due to deferred MRO services and lowered original equipment production rates in 2020 and 2021. However, considering the slowdown in April 2020, the company adopted different strategies to overcome the slowdown and secured contracts worth about USD 838 million across its spectrum of aviation manufacturing and MRO businesses. Such factors will boost the demand for maintenance services, which is expected to positively impact the market growth in the region during the forecast period.

What are the Revenue-generating Sector Segments in the Commercial and Military Aircraft MRO Market?

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The commercial and military aircraft MRO market share growth by the military aircraft MRO segment will be significant during the forecast period. The increasing JVs, mergers, and acquisitions (M&A), and collaborations between MRO service providers and the defense industry are expected to drive market growth in the coming years. 

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 and actionable market insights on post COVID-19 impact on each segment.

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Military Aircrafts market - The market share is expected to increase to USD 22.77 billion from 2021 to 2026, at a CAGR of 4.3%.

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What are the Key Data Covered in this Commercial and Military Aircraft MRO Market Report?

• CAGR of the market during the forecast period 2022-2026
• 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, North America, Europe, Middle East and Africa, 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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