Aircraft MRO Market 2025-2035

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Aircraft MRO Market

• The annual demand for aircraft MRO was USD 264.4 billion in 2024 and is expected to reach USD 271.2 billion in 2025, up 2.6% than the value in 2024.
• During the forecast period (2025 to 2035), the aircraft MRO market is expected to grow at a CAGR of 2.0%. The annual demand will reach of USD 330.6 billion in 2035.
• During 2025-2035, the aircraft MRO industry is expected to generate a cumulative sales opportunity of USD 3271.30 billion. 

High-Growth Market Segments:

• Asia-Pacific is likely to post the most rapid growth in the market over the upcoming years. 
• By Aircraft type, Military Aircraft is expected to be the largest demand generator for MRO services throughout the forecast period.
• By MRO type, Engine MRO is expected to be the largest as well as fastest-growing MRO type.

Market Statistics

Have a look at the sales opportunities presented by the aircraft MRO market in terms of growth and market forecast.

Market Dynamics

Introduction:

What is aircraft MRO?

Aircraft Maintenance, Repair, and Overhaul (MRO) is the backbone of aviation safety and efficiency. It encompasses a wide range of technical procedures,  from routine maintenance checks to complex repairs and complete overhauls of engines, avionics, and structural components. MRO ensures that every aircraft remains airworthy, reliable, and compliant with international aviation regulations throughout its service life.

Market Drivers:

• Major driving factors for the aircraft MRO market are growing air traffic demand, fleet expansions, and a need for low-cost operations. Aging aircraft fleets require frequent maintenance and repairs for safety and compliance. Oliver Wyman reports that the global civil aircraft fleet, including narrow-body, wide-body, regional jets, and turboprops, will grow from 28,398 aircraft in 2024 to 36,413 by 2034, driving significant MRO demand. 
• Technology advancement, including predictive maintenance and digital tools, further optimizes MRO services. Increasing regulatory requirements and the demand for improved fuel efficiency necessitate airlines and operators to invest in advanced maintenance solutions, further fueling growth in the market.
• Commercial aircraft deliveries are projected to surpass 2,000 units by the early next decade, signaling sustainable long-term growth for the MRO industry.

Segment Analysis

By Aircraft Type

“Military aircraft dominate the aircraft MRO market due to the need for operational readiness and high defense budgets, while the general aviation aircraft category is the fastest-growing, driven by private travel and regional connectivity demand.”

• Defense fleets often operate for several decades, demanding regular maintenance, upgrades, and overhauls to extend their lifecycle, and military aircraft undergo frequent and rigorous operations, requiring extensive maintenance to ensure readiness and safety.
• Unlike commercial aviation, military fleets comprise various aircraft types (fighters, helicopters, transporters) requiring tailored maintenance solutions as military aircraft are equipped with sophisticated technologies that require specialized MRO services, increasing maintenance complexity and demand.
• Narrow-body and wide-body aircraft combined are estimated to remain the second-largest aircraft type for MRO and grow at the fastest rate in the market during the study period.
• With growing demand from general aviation to seek cost-effective maintenance solutions and minimize the related maintenance expenses with optimal aircraft performance and safety, this presents new opportunities for special MRO service providers. Currently, increased private and commercial use of aircraft fuels the need for general aviation MRO services because more aircraft need maintenance, repair, and overhaul to continue efficient and safe operations.
• The growing requirement for specialized services is due to the advancements in aircraft technology, such as avionics and engine systems. MRO providers in general aviation must adopt new capabilities to support these complex systems, ensuring continued growth.

By MRO Type

“The growth of engine MRO is fueled by the increasing adoption of advanced engine technologies, stringent performance standards, and the necessity to extend engine lifespan in high-demand military operations.”

• The development of new engine technologies, coupled with fleet expansion and stringent safety regulations, is the factors that propel the demand for engine MRO during the forecast period.
• In the commercial aircraft category, CFM International’s CFM56 engines will account for most of the engine MRO expenses during the forecast period, followed by GE Aerospace’s CF6 and CF34 engines, creating huge opportunities for engine MRO in the market.
• According to GKN's forecast, the global fleet is expected to double over the next two decades, driven by increasing air travel demand and fleet expansion. This growth will significantly boost the need for maintenance, repair, and overhaul (MRO) services to support the larger fleet.
• The current fleet is expected to remain in operation for many years, driving a growing demand for aftermarket support. As aircraft age, the need for maintenance, repairs, and parts replacement will continue to rise, ensuring long-term market growth.
• Complex engine systems, incorporating modern technologies, including hybrid-electric engines and high thrust, mean the need for engine MRO services to operate optimally, handling the complex requirements of maintenance.
• As the aviation industry becomes increasingly focused on fuel efficiency and environmental sustainability, there is a corresponding increase in the demand for high-performance, fuel-efficient engines. These engines demand specialized MRO services to preserve their advanced technology and ensure long-term functionality.
• The line category is likely to remain unchanged. This consistency implies that routine checks and on-ground servicing remain a constant requirement for airlines.

Regional Analysis

“North America has a huge dominance in the aircraft MRO market, and it is expected to maintain its legacy in the years to come.”

• The region has a huge aircraft fleet and investments in commercial and military aircraft and their services.
• Over 500 MRO players (including parts & system manufacturers and assemblers) in the USA.
• This market grows as aging aircraft are utilized longer, with passenger-to-freighter conversions meeting e-commerce demand and production backlogs boosting maintenance needs. The aviation and industrial industries demand continuous MRO services, fueled by advanced predictive maintenance technologies and robust defense expenditure, bolstering aerospace industry leadership.
• The Asia-Pacific’s MRO market is projected to grow at the fastest rate during 2025-2035. Growing investment projects by multinational aerospace companies make the Asia-Pacific’s MRO market competitive.
• Fleet expansion in Asia-Pacific, driven by growing economies and increasing passenger demand, increases the number of aircraft that require continuous MRO services, which in turn boosts market opportunities for maintenance providers across the region.
• Growing defense spending in Asia-Pacific is driving military aircraft purchases and the need for specialized MRO services, thus increasing the demand for aircraft maintenance, repair, and overhaul solutions in the region.

Competitive Landscape

The market is highly fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors, including price, service offerings, and regional presence etc.

The following are the key players in the aircraft MRO market:

Here is the list of the Top Players (Based on Dominance)

• GE Aerospace
• ST Engineering
• Raytheon Technologies Corporation (RTX)
• Safran S.A.
• Honeywell Aerospace
• Rolls-Royce PLC
• Lufthansa Technik AG
• Standard Aero
• KLM- Air France Group
• Hong Kong Aircraft Engineering Company Limited (HAECO)

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The aircraft MRO market is segmented into the following categories:

Aircraft MRO Market, by Aircraft Type 

• Narrow-body aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Wide-body aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Regional Jet (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Turboprop (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Civil Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

Aircraft MRO Market, by MRO Type      

• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the world)
• Engine (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Component (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Line (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the world)

Aircraft MRO Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Eastern Europe and Western Europe)
• Asia-Pacific (Country Analysis: China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: The Middle East, Latin America, and Africa)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Aircraft MRO market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.