Australia Aerospace And Defense Mro Market Size & Outlook
Australia aerospace and defense mro market, 2018-2030 (US$M)
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Australia aerospace and defense mro market highlights
- The Australia aerospace and defense mro market generated a revenue of USD 1,553.2 million in 2021 and is expected to reach USD 2,766.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.6% 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.
Aerospace and defense mro market data book summary
| Market revenue in 2021 | USD 1,553.2 million |
| Market revenue in 2030 | USD 2,766.2 million |
| Growth rate | 6.6% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Australia accounted for 1.5% of the global aerospace and defense mro market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aerospace and defense mro market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 32,225.2 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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Australia 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 46.7% in 2021. Horizon Databook has segmented the Australia aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
The geographic isolation of Australia from global merchandising partners, as well as the distribution of its population across a wide internal landmass, are the drivers for the growth of the aerospace & defense industry in the country.
Its primary subsectors include defense aircraft, commercial aircraft, business jets, helicopters, unmanned aerial vehicles (UAV), aircraft components, and maintenance, repair, and overhaul (MRO) services.
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Target buyers of Australia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into Australia aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia aerospace and defense mro market size, by product, 2018-2030 (US$M)
Australia Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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