China Aerospace And Defense Mro Market Size & Outlook
China aerospace and defense mro market, 2018-2030 (US$M)
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China aerospace and defense mro market highlights
- The China aerospace and defense mro market generated a revenue of USD 12,609.9 million in 2021 and is expected to reach USD 32,225.2 million by 2030.
- The China market is expected to grow at a CAGR of 11% 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 12,609.9 million |
| Market revenue in 2030 | USD 32,225.2 million |
| Growth rate | 11% (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, China accounted for 11.8% 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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China 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 33.69% in 2021. Horizon Databook has segmented the China aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
While some of this progress can be attributed to the government's increasing support for China's aerospace industry, the country’s aerospace capabilities have benefited from the aerospace industry's growing participation in the global commercial aerospace market and the supply chains of the world's leading aerospace companies.
China aircraft MRO market is growing exponentially, presenting a wide array of challenges and opportunities for companies and organizations planning to enter this market. In addition, the government of China has made a series of substantial efforts to increase the country’s ability to keep up with demand.
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Target buyers of China 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 country-level data and insights on the China aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into China aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China aerospace and defense mro market size, by product, 2018-2030 (US$M)
China Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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