Aircraft Maintenance, Repair & Overhaul Market By Service Type (Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components); By Organization Type (Airline/Operator MRO, Independent MRO, OEM MRO); By Aircraft Type (Narrow-Body, Wide-Body, Regional Jet, Others); By Generation (Old Generation, Mid Generation, New Generation); By Application (Commercial, Cargo, Defense Services); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032

The global aircraft maintenance repair overhaul market size was estimated at USD 70.4 billion in 2022 and is expected to reach USD 105.3 billion by 2032, growing with a CAGR of 5.3% over the forecasted period of 2022 to 2032. Aircraft maintenance repair overhaul is a process practiced by every airline, commercial, business jet owners, and military forces. The periodic inspection, modification, and modification of commercial and military aircrafts are crucial for the end user. To fulfill the service bulletins and airworthiness directives, these processes are carried out beneath the regulation set by various authorities or organizations like International Civil Aviation Organization (ICAO) and others. The market for aircraft maintenance repair overhaul is very matured and growing market which is experiencing a rapid growth over the years. 

Moreover, increasing the number of national and international routes is raising demand for an extensive number of commercial aircrafts which is resulting in leading aircraft MRO services givers to enhance their commerce and thereby boost the growth of the aircraft maintenance repair overhaul market. Furthermore, this trend is projected to drive the market in the upcoming years. Increasing military operations, interest for action ready, and the drill, the military forces have to maintain, repair, and overhaul their aircraft on time to time, further enhancing the demand for aircraft maintenance repair overhaul market. However, factors like the time-consuming process for aircraft MRO and its high cost restrict the growth of the aircraft maintenance repair overhaul market. In addition, the due to the COVID-19 pandemic, the aviation industry has suffered maximum loss due to completed down and shutdown across the globe, which has led to restriction on traveling and directly affected the national and international travel. 

The growing commercial aircraft fleet mostly drives the aircraft maintenance repair overhaul market. Presently, there are around 20,000 aircrafts which make up the global operational fleet and aircraft retirement s have reduced largely due to the rising age of aircraft now more than 20 years. Moreover, owing to the fact that the recent aircrafts are being regularly updated to inculcate latest innovation and technology like MRO services before being converted into freighters or for scrap. In addition, this factor is increasing the aircraft maintenance repair overhaul market. Although the count of backlogs to aircraft sales or deliveries has raised exponentially over the last couple of years, it has also not influenced the market's progress as the industry is not directly dependent on it. Moreover, the airline industry has many competitors wherein airlines carriers go to large strengths to create a large number of customers by regularly changing the cabin interior of their aircraft fleet to satisfy passengers and convert them into repeat passengers. 

Geographical Coverage 

Based in region, the global aircraft maintenance repair overhaul market is divided into North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific region accounted for the largest share and it is expected to retain its dominance during the forecast period. Asia-Pacific is the leading market as large number of narrow body aircrafts are being used in this region owing to the presence of large number of service providers. Moreover, North America region is also growing owing to the presence of both airline carriers and commercial aircrafts. 

The LAMEA region, especially the GCC countries is projected to grow with an average growth owing to the increasing airline industry in the region and the airline carriers for regular aircraft renovation to keep their fleet well maintained. 

Market Insights: 

Type Insights 

By type analysis, the aircraft maintenance repair overhaul market is segmented into narrow body aircraft, wide body aircraft, very large body aircraft and regional aircraft. The narrow body segment holds the major market share and it is expected to retain its dominance during the forecast period. 

Service

On the basis of service, the aircraft maintenance repair overhaul market is divided into maintenance services, engineering services, technical training, inventory management, freight conversions and others. The maintenance services segment holds the major share owing to increase in domestic and international flights and carriers.  

Key Companies Profiled

The global aircraft maintenance repair overhaul market is characterized by the presence of various small and big players. The major market player includes Delta TechOps (Delta Corporation Ltd.), Singapore Technologies Aerospace Ltd., Hong Kong Aircraft Engineering Company Ltd. (HAECO), AAR Corporation, Lufthansa Technik AG, Air France Industries / KLM Engineering and Maintenance, Guangzhou Aircraft Maintenance Engineering Company Ltd., Turkish Technic Inc., Evergreen Aviation Technologies Corporation, Aviation Technical Services, Sabena Technics, Aeroman, Mexicana MRO Services, SIA Engineering Company Ltd., and United Technologies Corporation. As the market is competitive in nature, the players are indulged in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Issues in Global Aircraft Maintenance, Repair & Overhaul Market
3. Global Aircraft Maintenance, Repair & Overhaul Market Trends
4. Opportunities in Global Aircraft Maintenance, Repair & Overhaul Market
5. Recent Industry Activities, 2020
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Aircraft Maintenance, Repair & Overhaul Market Size (USD Million), Growth Analysis and Forecast, (2020-2027)

9. Global Aircraft Maintenance, Repair & Overhaul Market Segmentation Analysis, By MRO Type
9.1. Introduction
9.2. Market Attractiveness, By MRO Type
9.3. BPS Analysis, By MRO Type
9.4. Airframe Maintenance Market Size & Forecast (USD Million), 2020-2027
9.5. Engine Overhaul Market Size & Forecast (USD Million), 2020-2027
9.6. Modifications MRO Market Size & Forecast (USD Million), 2020-2027
9.7. Line Maintenance Market Size & Forecast (USD Million), 2020-2027

10. Global Aircraft Maintenance, Repair & Overhaul Market Segmentation
Analysis, By Aircraft Type
10.1. Introduction
10.2. Market Attractiveness, By Aircraft Type
10.3. BPS Analysis, By Aircraft Type
10.4. Liquid Phase Aircraft Type
10.5. Narrow Body Aircraft Market Size (USD Million), 2020-2027
10.6. Wide Body Aircraft Market Size (USD Million), 2020-2027
10.7. Very Large Aircraft Market Size (USD Million), 2020-2027
10.8. Regional Aircraft Market Size (USD Million), 2020-2027

11. Global Aircraft Maintenance, Repair & Overhaul Market Segmentation Analysis, By Aircraft Use
11.1. Introduction
11.2. Market Attractiveness, By Aircraft Use
11.3. BPS Analysis, By Aircraft Use
11.4. Civilian Aircraft Market Size (USD Million), 2020-2027
11.5. Military Aircraft Market Size (USD Million), 2020-2027

12. Geographical Analysis
12.1. Introduction
12.2. North America Market Size (USD Million), 2020-2027
12.2.1. By MRO Type
12.2.1.1. Introduction
12.2.1.2. Market Attractiveness, By MRO Type
12.2.1.3. BPS Analysis, By MRO Type
12.2.1.4. Airframe Maintenance Market Size & Forecast (USD Million), 2020-2027
12.2.1.5. Engine Overhaul Market Size & Forecast (USD Million), 2020-2027
12.2.1.6. Modifications MRO Market Size & Forecast (USD Million), 2020-2027
12.2.1.7. Line Maintenance Market Size & Forecast (USD Million), 2020-2027
12.2.2. By Aircraft Type
12.2.2.1. Introduction
12.2.2.2. Market Attractiveness, By Aircraft Type
12.2.2.3. BPS Analysis, By Aircraft Type
12.2.2.4. Liquid Phase Aircraft Type
12.2.2.5. Narrow Body Aircraft Market Size (USD Million), 2020-2027
12.2.2.6. Wide Body Aircraft Market Size (USD Million), 2020-2027
12.2.2.7. Very Large Aircraft Market Size (USD Million), 2020-2027
12.2.2.8. Regional Aircraft Market Size (USD Million), 2020-2027
12.2.3. By Aircraft Use
12.2.3.1. Introduction
12.2.3.2. Market Attractiveness, By Aircraft Use
12.2.3.3. BPS Analysis, By Aircraft Use
12.2.3.4. Civilian Aircraft Market Size (USD Million), 2020-2027
12.2.3.5. Military Aircraft Market Size (USD Million), 2020-2027
12.2.4. By Country
12.2.4.1. Market Attractiveness, By End-user
12.2.4.2. BPS Analysis, By End-User
12.2.4.3. U.S. Market Size (USD Million), 2020-2027
12.2.4.4. Canada Market Size (USD Million), 2020-2027

12.3. Europe Market Size (USD Million), 2020-2027
12.3.1. By MRO Type
12.3.1.1. Introduction
12.3.1.2. Market Attractiveness, By MRO Type
12.3.1.3. BPS Analysis, By MRO Type
12.3.1.4. Airframe Maintenance Market Size & Forecast (USD Million), 2020-2027
12.3.1.5. Engine Overhaul Market Size & Forecast (USD Million), 2020-2027
12.3.1.6. Modifications MRO Market Size & Forecast (USD Million), 2020-2027
12.3.1.7. Line Maintenance Market Size & Forecast (USD Million), 2020-2027
12.3.2. By Aircraft Type
12.3.2.1. Introduction
12.3.2.2. Market Attractiveness, By Aircraft Type
12.3.2.3. BPS Analysis, By Aircraft Type
12.3.2.4. Liquid Phase Aircraft Type
12.3.2.5. Narrow Body Aircraft Market Size (USD Million), 2020-2027
12.3.2.6. Wide Body Aircraft Market Size (USD Million), 2020-2027
12.3.2.7. Very Large Aircraft Market Size (USD Million), 2020-2027
12.3.2.8. Regional Aircraft Market Size (USD Million), 2020-2027
12.3.3. By Aircraft Use
12.3.3.1. Introduction
12.3.3.2. Market Attractiveness, By Aircraft Use
12.3.3.3. BPS Analysis, By Aircraft Use
12.3.3.4. Civilian Aircraft Market Size (USD Million), 2020-2027
12.3.4. Military Aircraft Market Size (USD Million), 2020-2027By Country
12.3.4.1. Market Attractiveness, By Country
12.3.4.2. BPS Analysis, By Country
12.3.4.3. Germany Market Size (USD Million), 2020-2027
12.3.4.4. United Kingdom Market Size (USD Million), 2020-2027
12.3.4.5. France Market Size (USD Million), 2020-2027
12.3.4.6. Italy Market Size (USD Million), 2020-2027
12.3.4.7. Spain Market Size (USD Million), 2020-2027
12.3.4.8. Russia Market Size (USD Million), 2020-2027
12.3.4.9. Rest of Europe Market Size (USD Million), 2020-2027

12.4. Asia Pacific Market Size (USD Million), 2020-2027
12.4.1. By MRO Type
12.4.1.1. Introduction
12.4.1.2. Market Attractiveness, By MRO Type
12.4.1.3. BPS Analysis, By MRO Type
12.4.1.4. Airframe Maintenance Market Size & Forecast (USD Million), 2020-2027
12.4.1.5. Engine Overhaul Market Size & Forecast (USD Million), 2020-2027
12.4.1.6. Modifications MRO Market Size & Forecast (USD Million), 2020-2027
12.4.1.7. Line Maintenance Market Size & Forecast (USD Million), 2020-2027
12.4.2. By Aircraft Type
12.4.2.1. Introduction
12.4.2.2. Market Attractiveness, By Aircraft Type
12.4.2.3. BPS Analysis, By Aircraft Type
12.4.2.4. Liquid Phase Aircraft Type
12.4.2.5. Narrow Body Aircraft Market Size (USD Million), 2020-2027
12.4.2.6. Wide Body Aircraft Market Size (USD Million), 2020-2027
12.4.2.7. Very Large Aircraft Market Size (USD Million), 2020-2027
12.4.2.8. Regional Aircraft Market Size (USD Million), 2020-2027
12.4.3. By Aircraft Use
12.4.3.1. Introduction
12.4.3.2. Market Attractiveness, By Aircraft Use
12.4.3.3. BPS Analysis, By Aircraft Use
12.4.3.4. Civilian Aircraft Market Size (USD Million), 2020-2027
12.4.3.4.1. Military Aircraft Market Size (USD Million), 2020-2027
12.4.4. By Country
12.4.4.1. Market Attractiveness, By Country
12.4.4.2. BPS Analysis, By Country
12.4.4.3. China Market Size (USD Million), 2020-2027
12.4.4.4. India Market Size (USD Million), 2020-2027
12.4.4.5. Japan Market Size (USD Million), 2020-2027
12.4.4.6. South Korea Market Size (USD Million), 2020-2027
12.4.4.7. Indonesia Market Size (USD Million), 2020-2027
12.4.4.8. Taiwan Market Size (USD Million), 2020-2027
12.4.4.9. Australia Market Size (USD Million), 2020-2027
12.4.4.10. New Zealand Market Size (USD Million), 2020-2027
12.4.4.11. Rest of Asia Pacific Market Size (USD Million), 2020-2027

12.5. Latin America Market Size (USD Million), 2020-2027
12.5.1. By MRO Type
12.5.1.1. Introduction
12.5.1.2. Market Attractiveness, By MRO Type
12.5.1.3. BPS Analysis, By MRO Type
12.5.1.4. Airframe Maintenance Market Size & Forecast (USD Million), 2020-2027
12.5.1.5. Engine Overhaul Market Size & Forecast (USD Million), 2020-2027
12.5.1.6. Modifications MRO Market Size & Forecast (USD Million), 2020-2027
12.5.1.7. Line Maintenance Market Size & Forecast (USD Million), 2020-2027
12.5.2. By Aircraft Type
12.5.2.1. Introduction
12.5.2.2. Market Attractiveness, By Aircraft Type
12.5.2.3. BPS Analysis, By Aircraft Type
12.5.2.4. Liquid Phase Aircraft Type
12.5.2.5. Narrow Body Aircraft Market Size (USD Million), 2020-2027
12.5.2.6. Wide Body Aircraft Market Size (USD Million), 2020-2027
12.5.2.7. Very Large Aircraft Market Size (USD Million), 2020-2027
12.5.2.8. Regional Aircraft Market Size (USD Million), 2020-2027
12.5.3. By Aircraft Use
12.5.3.1. Introduction
12.5.3.2. Market Attractiveness, By Aircraft Use
12.5.3.3. BPS Analysis, By Aircraft Use
12.5.3.4. Civilian Aircraft Market Size (USD Million), 2020-2027
12.5.3.4.1. Military Aircraft Market Size (USD Million), 2020-2027
12.5.4. By Country
12.5.4.1. Market Attractiveness, By Country
12.5.4.2. BPS Analysis, By Country
12.5.4.3. Brazil Market Size (USD Million), 2020-2027
12.5.4.4. Mexico Market Size (USD Million), 2020-2027
12.5.4.5. Rest of Latin America Market Size (USD Million), 2020-2027

12.6. Middle East & Africa Market Size (USD Million), 2020-2027
12.6.1. By MRO Type
12.6.1.1. Introduction
12.6.1.2. Market Attractiveness, By MRO Type
12.6.1.3. BPS Analysis, By MRO Type
12.6.1.4. Airframe Maintenance Market Size & Forecast (USD Million), 2020-2027
12.6.1.5. Engine Overhaul Market Size & Forecast (USD Million), 2020-2027
12.6.1.6. Modifications MRO Market Size & Forecast (USD Million), 2020-2027
12.6.1.7. Line Maintenance Market Size & Forecast (USD Million), 2020-2027
12.6.2. By Aircraft Type
12.6.2.1. Introduction
12.6.2.2. Market Attractiveness, By Aircraft Type
12.6.2.3. BPS Analysis, By Aircraft Type
12.6.2.4. Liquid Phase Aircraft Type
12.6.2.5. Narrow Body Aircraft Market Size (USD Million), 2020-2027
12.6.2.6. Wide Body Aircraft Market Size (USD Million), 2020-2027
12.6.2.7. Very Large Aircraft Market Size (USD Million), 2020-2027
12.6.2.8. Regional Aircraft Market Size (USD Million), 2020-2027
12.6.3. By Aircraft Use
12.6.3.1. Introduction
12.6.3.2. Market Attractiveness, By Aircraft Use
12.6.3.3. BPS Analysis, By Aircraft Use
12.6.3.4. Civilian Aircraft Market Size (USD Million), 2020-2027
12.6.3.4.1. Military Aircraft Market Size (USD Million), 2020-2027
12.6.4. By Geography
12.6.4.1. Market Attractiveness, By Geography
12.6.4.2. BPS Analysis, By Geography
12.6.4.3. GCC Market Size (USD Million), 2020-2027
12.6.4.4. North Africa Market Size (USD Million), 2020-2027
12.6.4.5. South Africa Market Size (USD Million), 2020-2027
12.6.4.6. Rest of Middle East & Africa Market Size (USD Million), 2020-2027

13. Competitive Landscape
13.1. Market Share of Key Players
13.2. Market Positioning of Major Players in Global Aircraft Maintenance, Repair & Overhaul Market
13.3. Company Profiles
13.3.1. AAR Corporation
13.3.2. Delta TechOps
13.3.3. Future Metals
13.3.4. Hexaware Technologies
13.3.5. Rockwell Collins
13.3.6. AFI KLM E&M
13.3.7. Airbus
13.3.8. AMETEK Aerospace & Defense
13.3.9. GMF AeroAsia
13.3.10. Aircraft Maintenance and Engineering Corporation Limited (Ameco)
13.3.11. Other Major & Niche Players