U.S. Aerospace And Defense Mro Market Size & Outlook
U.S. aerospace and defense mro market, 2018-2030 (US$M)
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U.S. aerospace and defense mro market highlights
- The U.S. aerospace and defense mro market generated a revenue of USD 22,309.6 million in 2021 and is expected to reach USD 31,494.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.9% 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 22,309.6 million |
| Market revenue in 2030 | USD 31,494.9 million |
| Growth rate | 3.9% (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, U.S. accounted for 20.8% 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 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 |
|---|
U.S. 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 43.73% in 2021. Horizon Databook has segmented the U.S. 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 MRO industry in the U.S. is fragmented and the country dominates the global market owing to the presence of established aircraft OEM, aircraft component manufacturers, and MRO services providers.
Boeing, Cessna, Raytheon Technologies, General Dynamics Corporation, Lockheed Martin, GE Aviation, Northrop Grumman, MTU Aero Engines AG, and BAE Systems are the companies operating in the market in the U.S.
According to the data from the Aerospace Industries Association (AIA), aerospace & defense exports amounted to more than USD 90 billion in 2020, accounting for a share of 6.3% of all U.S. exports despite the halting of air travel worldwide due to the COVID-19 pandemic.
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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 U.S. aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. aerospace and defense mro market size, by product, 2018-2030 (US$M)
U.S. Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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