Aircraft MRO Market Size To Reach $120.96 Billion By 2030

Aircraft MRO Market Growth & Trends

The global aircraft MRO market size is expected to reach USD 120.96 billion by 2030, registering a CAGR of 4.75% from 2025 to 2030, according to a new report by Grand View Research, Inc. According to a new report by Grand View Research, Inc. Aircraft maintenance, repair, and overhaul (MRO) implies overhaul, inspection, repair, and modification of aircraft and its components. Majorly the market is covered by the Original Equipment Manufacturing industries (OEMs) or Aerospace Engineering Service Providers (AESPs). The high-level EPSs are highly monitored with the help of the Service Level Agreement (SLA) to maintain a high level of confidentiality.

AXISCADES is a leading aircraft ESP with over two decades of experience in various aircraft areas. Furthermore, the advancement in predictive maintenance has resulted in an increase in technological and manpower related problems for the MRO industry. Predictive maintenance requires innovative technologies, such as digital twins, through which rapid improvements and growths are detected within a short period. This states that not all organizations are fully equipped with the entire infrastructure, which also implies that this concept has limited reach; and few MROs are interested in investing to increase these skills among themselves.

The COVID-19 outbreak situation resulted in crises on a very large scale. Restrictions and cancellations of the flights in a global effort to restrict spread of the virus reduced passenger traffic and restricted the aircraft movement. Due to this, the aircraft MRO industry for maintenance, repair, and overhaul was affected significantly in 2020. In 2021, due to the decrease in travel restrictions and a steady increase in flight movements, demand for the aircraft maintenance, repair, and overhaul increased relatively. The market is anticipated to grow positively in forecasted years.

For instance, in September 2021, Civil aviation minister of India Mr.Jyotiraditya Scindia announced a MRO policy for civil aviation space, intending to attract investments for MRO services, including renting land via open bidding and canceling royalty charges by AAI. Further, the minister has allocated eight airports to attract investment for MRO installations. The aforementioned airports are Begum Pet, Juhu, Tirupati, Telangana, Bhopal, Chennai, Chandigarh, Delhi, and Kolkata.

The integration of advanced engines in new aircraft is expected to create lucrative opportunities. For instance, in December 2021, the Saudi Arabia airlines flynas signed a multiple-year rate per flight hour (RPFH) contract with CFM international for the LEAP-1A engines joining the airline fleet of eighty Airbus A320 neo aircraft. Due to this agreement, CFM will ensure the airline’s 160 LEAP-1A engine maintenance cost per engine flight hour. This will help to propel the growth of the engine MRO segment of the market during the forecast period.

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Aircraft MRO Market Report Highlights

• The engine overhaul segment led the market in 2024, accounting for over 41% of the global revenue. This growth is driven by increasing demand for aircraft maintenance and repair services, as well as the growing number of aging aircraft in operation.

• The independent MRO segment accounted for the largest market revenue share in 2024. Independent MROs are investing heavily in advanced technologies to improve service efficiency and quality.

• The narrow body segment accounted for the largest revenue share in 2024. The increasing demand for air travel, particularly in emerging economies, has led to a significant expansion of narrow-body fleets operated by airlines globally.

• The mid generation segment accounted for the largest market revenue share in 2024. Predictive maintenance is becoming a cornerstone of MRO strategies for mid-generation aircraft.

• North America aircraft MRO market dominated with a revenue share of over 25% in 2024. The North America market is increasingly leveraging advanced technologies, such as predictive maintenance and data analytics, to optimize operational efficiency.

Aircraft MRO Market Segmentation

Grand View Research has segmented global Aircraft MRO market report based on service, organization type, aircraft type, aircraft generation, and region:

Aircraft MRO Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Engine Overhaul

• Airframe Maintenance

• Line Maintenance

• Modification

• Components

Aircraft MRO Organization Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Airline/Operator MRO

• Independent MRO

• OEM MRO

Aircraft MRO Aircraft Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Narrow-Body

• Wide-Body

• Regional Jet

• Others

Aircraft MRO Aircraft Generation Outlook (Revenue, USD Billion, 2018 - 2030)

• Old Generation

• Mid Generation

• New Generation

Aircraft MRO Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• MEA

  • UAE

  • South Africa

  • KSA

List of Key Players of Aircraft MRO Market

• AAR Corp.

• Airbus SE

• Delta Airlines, Inc. (Delta TechOps)

• Hong Kong Aircraft Engineering Company Limited

• KLM UK Engineering Limited

• Lufthansa Technik

• MTU Aero Engines AG

• Raytheon Technologies Corporation (Previously United Technologies Corporation)

• Singapore Technologies Engineering Ltd

• TAP Maintenance & Engineering (TAP Air Portugal)