Spain Aerospace And Defense Mro Market Size & Outlook
Spain aerospace and defense mro market, 2018-2030 (US$M)
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Spain aerospace and defense mro market highlights
- The Spain aerospace and defense mro market generated a revenue of USD 5,903.9 million in 2021 and is expected to reach USD 8,415.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 4% 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 5,903.9 million |
| Market revenue in 2030 | USD 8,415.8 million |
| Growth rate | 4% (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, Spain accounted for 5.5% 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 Europe, UK aerospace and defense mro market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 8,415.8 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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Spain 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 35.44% in 2021. Horizon Databook has segmented the Spain aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
Spain exhibits presence of entire aerospace value chain, from design and parts manufacturing to final assembly, certification and maintenance, repair and overhauling of aircraft and components.
Spain, as one of the leading five European players in civil and military aircraft, actively participates in the European Union aerospace initiatives. Over the last decade, its participation in commercial aviation and military aircraft programs has increased significantly.
The main driving force of the Spanish aerospace industry is the export of aircraft parts (for new aircraft as well as modernization of old aircraft), which represent 80% of the total business volume.
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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 Spain aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into Spain aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain aerospace and defense mro market size, by product, 2018-2030 (US$M)
Spain Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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