Global Commercial Aircraft MRO Market

Description

List of Tables

Aircraft MRO stands for maintenance, repair, and overhaul. This connotation covers the aftermarket expenditure incurred within the aviation industry. Services ranging from retrofitting, component replacement, and maintenance activities related to the design of aircraft are a part of this market. The expanding aftermarket trends for the aviation sector are one of the key factors that drive the MRO segment. The increasing emphasis on safety protocols to be followed during the flight is expected to be one of the key parameters that drive the growth dynamics for the MRO vertical.

Any establishment, workshop, or hangar that professionally engages in and conducts airplane maintenance is referred to as an MRO facility. MRO facilities and technicians employ aviation ground support equipment to maintain aircraft operating safely and dependably.

Major factors driving the growth of the market:

As of 2019, the propensity to travel via air for a passenger was noted to be once in 21 months. This value has rapidly increased in the past decade owing to the rising disposable income of the population. The increasing purchasing power of the middle-class population is another factor that contributes to the growth of the commercial aviation domain. As the market for commercial aviation expands, the opportunities for the MRO sector also increase since it stands to gain more business.

Trends influencing the growth of the market:

The barriers to entry within the commercial Aircraft MRO market are noted to be very high owing to the high capital intensity as well as the accuracy of operations required. An MRO requires significant financial investment and takes a long time to become profitable. The correct staff, frequently trained, and efficiently utilized with a strong focus on quality and turnaround time is essential to running a reputable MRO. Thus the entry of new players within this market is curtailed owing to the nature of this market, which is both highly competitive as well as niche.

In addition to certification from the local regulator, it also needs ongoing investment in tooling and certification from international OEMs like Airbus, Bell Helicopter, Boeing, Bombardier Aerospace, Dassault Aviation, Gulfstream Aerospace, Honeywell, and others in addition to certification from safety regulators like the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) thus further raising the barriers to entry within the mentioned market segment.

Market Dynamics:

To study the overall market for MRO, the vertical has been segmented by Type and by Region. The regional competitive landscape provides a purview of the market within North America, Europe, APAC, the Middle East, and the RoW. The Type segment includes Electrical MRO, Facility MRO, as well as Industrial MRO. The MRO segment can be further bifurcated based on the system into Hardware and Software. The software segment is poised to gain momentum owing to the inclusion of automation-based technologies, growing digitalization, as well as upgrade of legacy Management Integration Systems.

In terms of hardware, one of the key technological advances which are poised to support the MRO market is 3D Printing. The technology is used for the production of aircraft components via the use of metal and non-metallic compounds. Large Scale Additive Manufacturing is another technology that has gained rampant momentum within the OEM and aftermarket verticals for the aviation domain. This technology is used for the mass fabrication of aircraft components.

In terms of the Systemic segment of the MRO vertical, the software market is expected to be the fastest-growing vertical owing to an increased investment within this domain. The integration of ICT-based technologies like IoT and Artificial Intelligence is anticipated to steadfast the growth associated with this market. The adoption of wearables and robotics is another derivative of IoT within the MRO vertical. The use of technologies to monitor the present structural frame of an aircraft is expected to drive efficiency and safety within the MRO segment.

Developments:

The growing economy associated with developing nations is poised to be one of the key drivers for the commercial aircraft MRO market. The growing commercial aviation sector for countries like India is poised to accelerate the growth of the commercial aircraft MRO market. The second-highest expense for airlines in India after fuel is maintenance, which accounts for 13-15 percent of their sales. The majority of the time, airlines do on-tarmac inspections (A and B checks) in-house and contract with external MROs for significant maintenance on engines (C and D checks) and modifications.

Product Code: AND078

Market Definition

Market Segmentation

By Region

By Aircraft Type

By MRO Type

10 Year Market Outlook

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

Market Technologies

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

Global Market Forecast

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

Regional Market Trends & Forecast

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

North America

Drivers, Restraints and Challenges

PEST

Market Forecast & Scenario Analysis

Key Companies

Supplier Tier Landscape

Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

Defense Programs

List of Tables

Table 1: 10 Year Market Outlook, 2023-2033
Table 2: Drivers, Impact Analysis, North America
Table 3: Restraints, Impact Analysis, North America
Table 4: Challenges, Impact Analysis, North America
Table 5: Drivers, Impact Analysis, Europe
Table 6: Restraints, Impact Analysis, Europe
Table 7: Challenges, Impact Analysis, Europe
Table 8: Drivers, Impact Analysis, Middle East
Table 9: Restraints, Impact Analysis, Middle East
Table 10: Challenges, Impact Analysis, Middle East
Table 11: Drivers, Impact Analysis, APAC
Table 12: Restraints, Impact Analysis, APAC
Table 13: Challenges, Impact Analysis, APAC
Table 14: Drivers, Impact Analysis, South America
Table 15: Restraints, Impact Analysis, South America
Table 16: Challenges, Impact Analysis, South America
Table 17: Scenario Analysis, Scenario 1, By Region, 2023-2033
Table 18: Scenario Analysis, Scenario 1, By Aircraft Type, 2023-2033
Table 19: Scenario Analysis, Scenario 1, By MRO Type, 2023-2033
Table 20: Scenario Analysis, Scenario 2, By Region, 2023-2033
Table 21: Scenario Analysis, Scenario 2, By Aircraft Type, 2023-2033
Table 22: Scenario Analysis, Scenario 2, By MRO Type, 2023-2033

List of Figures

Figure 1: Global Commercial Aircraft MRO Market Forecast, 2023-2033
Figure 2: Global Commercial Aircraft MRO Market Forecast, By Region, 2023-2033
Figure 3: Global Commercial Aircraft MRO Market Forecast, By Aircraft Type, 2023-2033
Figure 4: Global Commercial Aircraft MRO Market Forecast, By MRO Type, 2023-2033
Figure 5: North America, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 6: Europe, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 7: Middle East, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 8: APAC, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 9: South America, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 10: United States, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 11: United States, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 12: Canada, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 13: Canada, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 14: Italy, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 15: Italy, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 16: France, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 17: France, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 18: Germany, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 19: Germany, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 20: Netherlands, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 21: Netherlands, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 22: Belgium, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 23: Belgium, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 24: Spain, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 25: Spain, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 26: Sweden, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 27: Sweden, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 28: Brazil, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 29: Brazil, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 30: Australia, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 31: Australia, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 32: India, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 33: India, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 34: China, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 35: China, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 36: Saudi Arabia, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 37: Saudi Arabia, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 38: South Korea, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 39: South Korea, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 40: Japan, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 41: Japan, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 42: Malaysia, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 43: Malaysia, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 44: Singapore, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 45: Singapore, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 46: United Kingdom, Commercial Aircraft MRO Market, Technology Maturation, 2023-2033
Figure 47: United Kingdom, Commercial Aircraft MRO Market, Market Forecast, 2023-2033
Figure 48: Opportunity Analysis, Commercial Aircraft MRO Market, By Region (Cumulative Market), 2023-2033
Figure 49: Opportunity Analysis, Commercial Aircraft MRO Market, By Region (CAGR), 2023-2033
Figure 50: Opportunity Analysis, Commercial Aircraft MRO Market, By Aircraft Type (Cumulative Market), 2023-2033
Figure 51: Opportunity Analysis, Commercial Aircraft MRO Market, By Aircraft Type (CAGR), 2023-2033
Figure 52: Opportunity Analysis, Commercial Aircraft MRO Market, By MRO Type (Cumulative Market), 2023-2033
Figure 53: Opportunity Analysis, Commercial Aircraft MRO Market, By MRO Type (CAGR), 2023-2033
Figure 54: Scenario Analysis, Commercial Aircraft MRO Market, Cumulative Market, 2023-2033
Figure 55: Scenario Analysis, Commercial Aircraft MRO Market, Global Market, 2023-2033
Figure 56: Scenario 1, Commercial Aircraft MRO Market, Total Market, 2023-2033
Figure 57: Scenario 1, Commercial Aircraft MRO Market, By Region, 2023-2033
Figure 58: Scenario 1, Commercial Aircraft MRO Market, By Aircraft Type, 2023-2033
Figure 59: Scenario 1, Commercial Aircraft MRO Market, By MRO Type, 2023-2033
Figure 60: Scenario 2, Commercial Aircraft MRO Market, Total Market, 2023-2033
Figure 61: Scenario 2, Commercial Aircraft MRO Market, By Region, 2023-2033
Figure 62: Scenario 2, Commercial Aircraft MRO Market, By Aircraft Type, 2023-2033
Figure 63: Scenario 2, Commercial Aircraft MRO Market, By MRO Type, 2023-2033
Figure 64: Company Benchmark, Commercial Aircraft MRO Market, 2023-2033

Global Commercial Aircraft MRO Market

Description

Table of Contents

List of Tables

Major factors driving the growth of the market:

Trends influencing the growth of the market:

Market Dynamics:

Developments:

Table of Contents

List of Tables

List of Figures