Canada Aerospace And Defense Mro Market Size & Outlook
Canada aerospace and defense mro market, 2018-2030 (US$M)
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Canada aerospace and defense mro market highlights
- The Canada aerospace and defense mro market generated a revenue of USD 5,779.6 million in 2021 and is expected to reach USD 8,346.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.2% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Engine 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 5,779.6 million |
| Market revenue in 2030 | USD 8,346.4 million |
| Growth rate | 4.2% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Engine |
| 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, Canada accounted for 5.4% 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 North America, U.S. aerospace and defense mro market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,613.5 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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Canada 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 35.63% in 2021. Horizon Databook has segmented the Canada aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
The aerospace & defense industry of the country specializes in regional aircraft, flight simulators, small gas turbine engines, robotics and satellite technologies, aircraft MRO systems, and landing gear systems. Moreover, Canada is home to the aircraft manufacturer, Bombardier.
As such, the country has multiple aerospace clusters located in Montréal, Toronto, Vancouver, Québec, Ontario, and Western Canada. Companies in these clusters support OEM, as well as providers of aftermarket parts and MRO services.
The aerospace & defense sector in Canada is well integrated with the aerospace market in North America owing to its membership in the U.S.-Mexico-Canada Agreement (USMCA) and multi-modal transportation systems.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into Canada aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aerospace and defense mro market size, by product, 2018-2030 (US$M)
Canada Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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