Asia Pacific Aerospace And Defense Mro Market Size & Outlook
Asia Pacific aerospace and defense mro market, 2018-2030 (US$M)
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Asia Pacific aerospace and defense mro market highlights
- The Asia Pacific aerospace and defense mro market generated a revenue of USD 32,402.8 million in 2021.
- The market is expected to grow at a CAGR of 9.1% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Line is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 32,402.8 million |
| Market revenue in 2030 | USD 71,044.3 million |
| Growth rate | 9.1% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.3% of the global aerospace and defense mro market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 71,044.3 million by 2030.
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Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific aerospace and defense mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 41.19% in 2021. Horizon Databook has segmented the Asia Pacific aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the fastest-growing aerospace markets in the world, driven by continued economic growth, growing passenger traffic, and rising domestic aircraft demand owing to the economic growth in Japan, China, and India.
The region is emerging as a potential international hub for aerospace parts manufacturing and MRO services, which can be attributed to the availability of skilled talent and engineering workforce, manpower cost-competitiveness, rapidly developing engineering services, and R&D expertise.
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Target buyers of Asia Pacific aerospace and defense mro market databook
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Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aerospace and defense mro market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aerospace and defense mro market size, by country, 2018-2030 (US$M)
Asia Pacific Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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