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Commercial Aircraft MRO Services Market Trends

Report ID: GMI3045
Published Date: Oct 2024
Report Format: PDF

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Commercial Aircraft MRO Services Market Trends

The commercial aircraft MRO services industry is growing due to increased demand for advanced inspection technologies. These innovations boost efficiency and accuracy in maintenance, helping airlines and MRO providers reduce downtime and enhance operations. By simplifying procedures and ensuring safety compliance, these technological advancements are driving market expansion. For instance, in September 2024, GE Aerospace launched its Services Technology Acceleration Center. This hub develops new inspection tech to streamline MRO processes, speeding up the creation and rollout of improved inspection and repair methods.

Modern commercial aircraft feature advanced technologies like digital avionics, flight control systems, and fuel-efficient engines. As airlines adopt these sophisticated aircraft, the need for specialized MRO services grows. These services include avionics upgrades, fuel system maintenance, and hydraulic system upkeep. The rise of complex aircraft systems has created demand for MRO providers with the skills to handle these technologies. OEMs and independent MRO providers with specialized expertise are poised for significant growth in this sector.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for commercial aircraft MRO services was valued at USD 110.7 billion in 2023 and is expected to reach USD 146.9 billion by 2032, driven by a CAGR of 3.3% from 2024 to 2032.

The narrowbody segment generated over USD 65.5 billion in revenue in 2023, driven by the growth of low-cost carriers and increased demand for short to medium-haul routes.

The Asia Pacific region accounted for over 30% of the global market share in 2023, due to the growing demand for air travel and significant investments in MRO infrastructure in China.

Major players in the industry include AAR, Air France Industries, Ameco, Delta TechOps, GE Aviation, GMF AeroAsia, HAECO, Honeywell, Lufthansa Technik, MRO Holdings, MTU Aero Engines, and Rolls Royce.