The global Aircraft MRO Market size was USD 73.84 billion in 2022, and is expected to reach a value of USD 105.33 billion in 2032, and register a revenue CAGR of 4% during the forecast period. The world’s aging aircraft fleet has improved the market revenue growth for MRO services. The demand for frequent maintenance and repair services results from the rise in the number of aircraft in use and the lengthened service lives of aircraft.
Also, the need for MRO services has increased due to stringent laws governing aircraft maintenance and repair. For instance, severe airplane maintenance and repair regulations have been established by the FAA (Federal Aviation Administration) in the U.S. and the EASA (European Aviation Safety Agency) in Europe. These regulations are fueling market revenue growth.
Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/6475
Also, the rising demand for air travel has increased aircraft manufacturing, raising the demand for MRO services. The demand for MRO services is driven mainly by airlines’ need to maintain their fleets and guarantee passenger safety, which is why the commercial aircraft segment leads the industry.
Moreover, the development of the MRO services market is being fueled by the adoption of cutting-edge technologies like Predictive Maintenance, Artificial Intelligence, and Big Data analytics. Using these technologies can decrease aircraft downtime and increase the overall effectiveness of MRO services.
- Lufthansa Technik AG
- ST Engineering Aerospace
- AAR Corporation
- Boeing Global Services
- General Electric Company
- Honeywell International Inc.
- Rolls-Royce plc
- Air France-KLM Engineering & Maintenance
- SIA Engineering Company Limited
- Delta TechOps
- United Technologies Corporation
By Service Type Outlook
- Engine Overhaul
- Airframe Maintenance
- Component Repair & Maintenance
- Line Maintenance
By Aircraft Type Outlook
- Fixed Wing
- Rotary Wing
By End-User Outlook
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/6475
Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.
Browse More Reports:
Embedded Analytics Market @ https://www.reportsanddata.com/report-detail/embedded-analytics-market
Service Analytics Market @ https://www.reportsanddata.com/report-detail/service-analytics-market
App analytics Market @ https://www.reportsanddata.com/report-detail/app-analytics-market
Automotive Radar Market @ https://www.reportsanddata.com/report-detail/automotive-radar-market
Data Monetization Market @ https://www.reportsanddata.com/report-detail/data-monetization-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report