Mro Aircraft Components Market, Share, Size, Forecast 2022-27 – The Grundy Register

According to the latest report from the IMARC group, entitled “Aircraft Components MRO Market Report: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027″ The global aircraft component MRO market reached a value of US$18.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$24.5 billion. by 2027, with a CAGR of 4.9% in 2022-2027. Aircraft component MRO is a set of maintenance, repair and overhaul activities for auxiliary power units (APUs), avionics, landing gear and mechanical actuators. They help restore aircraft components to their original performance condition. They also help provide a set of administrative and supervisory activities to improve the operation and life of the aircraft.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Aircraft Components MRO Market Trends:

The global market is mainly driven by the growing demand for products from the commercial aerospace industry. Furthermore, the growing demand for commercial aviation MRO services in emerging economies is positively influencing the growth of the market. Apart from this, the widespread adoption of innovative software technologies for maintenance scheduling is further catalyzing the growth of the market across the globe. Additionally, the increasing number of air passengers and the gradual decline in air fares are driving the growth of the market. Additionally, the focus on extending MRO services to military aircraft companies is also creating a positive outlook for the market.

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2022-2027 Global MRO Aircraft Components Market Analysis and Segmentation:

Competitive landscape with key players:

The report has also analyzed the competitive landscape of the market with some of the major players being:

  • Delta TechOps
  • Lufthansa Technik AG
  • Air France Industries KLM Engineering & Maintenance
  • Hong Kong Aeronautical Engineering Company Limited
  • Honeywell International Inc.
  • ST Engineering AAR Corp.
  • Barnes Aerospace, Inc. (Barnes Group)
  • FL Technics (Avia Solutions Group)
  • Turkish Technic Inc. (Turkish Airlines)

Breakdown by aircraft type:

  • Narrow body
  • wide body
  • Regional jets/turboprops

Breakdown by component:

  • Fuselage
  • empennage
  • Landing gear
  • wings
  • Motor
  • Others

Breakdown by application:

  • Commercial air transport
  • Business and general aviation
  • military aviation

Breakdown by region:

  • North America (USA, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, others)
  • The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Main highlights of the report:

  • Market performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

To note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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