The Aviation MRO Market is projected to reach $ 87.4 billion by 2030 from an estimated $ 66.6 billion in 2023, at a CAGR of 3.9% during the forecast period (2023–2030). The growth of the aviation MRO market is driven by the rising investments in aircraft MRO, the growth in air travel, and increasing government focus on the aviation sector. However, stringent regulations in the aviation sector restrain the growth of this market.
The increasing demand for remote maintenance & repair systems is expected to create market growth opportunities. However, the shortage of trained personnel is a challenge for the players operating in this market. Additionally, digital MRO is a prominent trend in the aviation MRO market.
Here are the top 10 companies operating in the Aviation MRO Market
AAR CORP.
Founded in 1951 and headquartered in Illinois, U.S., AAR is a provider of aviation services to commercial and government customers across the globe. The company offers services to help clients increase efficiency and reduce costs while maintaining high levels of quality, service, and safety. AAR operates in the market through two business segments, namely, Aviation Services and Expeditionary Services.
The Aviation Services segment offers support and services, such as inventory management, distribution, MRO, and engineering services, to the commercial aviation and government & defense industry. The Expeditionary Services segment provides products and services to support the movement of equipment and personnel by U.S. and foreign governments and non-governmental organizations. This segment designs, manufactures, and repairs transportation pallets, containers, and shelters for military activities.
Airbus SE
Founded in 1970 and headquartered in South Holland, Netherlands, Airbus designs and manufactures civil, military, and aerospace products. The company operates in the market through three business segments, namely, Airbus, Airbus Helicopters, and Airbus Defense and Space. The Airbus segment manufactures passenger and freighter aircraft and offers other related services. The company offers modern and fuel-efficient airliners and associated services in commercial aircraft. The Airbus Helicopters segment provides a wide range of helicopters and related services to the civil and military rotorcraft market. The Airbus Defense and Space segment offers space, military aircraft, missiles, and related systems and services.
Hong Kong Aircraft Engineering Company Limited
Founded in 1950 and headquartered in Hong Kong, China, HAECO is a globally leading company that maintains and overhauls commercial aircraft and provides aircraft engineering and maintenance services. The company offers services for comprehensive checks, refurbishments and reconfigurations of airframes and engines.
HAECO comprises 16 operating companies across China, Europe, and the U.S. It offers a wide range of solutions such as airframe services, line services, cabin solutions, private jet solutions, fleet technical management, inventory technical management, component overhaul, aerostructure repairs, landing gear services, engine services, global engine support, parts manufacturing, and technical training.
KLM UK Engineering Limited
Founded in 1999 and headquartered in Norwich, U.K., KLM offers MRO services such as operating and maintaining airports and flying fields. The company provides high-quality, competitive and reliable maintenance for Boeing 737 CL/NG/MAX, Embraer 170/190, and Avro RJ.
KLM operates from 6 maintenance bays across 3 modern hangars to offer line maintenance service across the UK, supporting customers in Edinburgh, Aberdeen, Glasgow, Newcastle, Teesside, Belfast City, London City, and Southampton.
Lufthansa Technik AG
Founded in 1995 and headquartered in Hamburg, Germany, Lufthansa Technik is a leading global provider of maintenance, repair, and overhaul services (MRO) for civilian commercial aircraft. The company provides technical services in the aviation industry and focuses on the reliability and cost efficiency of the entire fleet. Lufthansa comprises 30 companies offering technical aviation services across the globe. The company offers its services to OEMs, aircraft leasing companies, operators of VIP jets, governments and armed forces, and airlines. It also offers integrated high-tech products, such as cabin equipment, entertainment, communication systems, AOG (aircraft-on-ground) services, financial services, logistics support, and consulting and training courses.
“Meticulous Research in its latest publication on Aviation MRO Market has predicted the growth of 3.9% during the forecast year 2023-2030”
Delta Air Lines, Inc.
Founded in 1925 and headquartered in Georgia, U.S., Delta Air Lines is one of the major airlines of the United States and a legacy carrier. Its MRO division, Delta TechOps, is headquartered at Hartsfield-Jackson International Airport in Atlanta, Georgia. The company is North America’s largest provider of airline MRO services. Its Delta TechOps Services Group (DTSG) offers a wide range of capabilities, from servicing engines and components to providing material support, to complete interior reconfiguration.
In addition to supplying maintenance and engineering support for Delta Air Lines’ large fleet of aircraft, Delta TechOps provides high-quality service to more than 150 other aviation and airline customers worldwide. DTO specializes in high-skill work such as engines, components, hangar and line maintenance, employing thousands of aviation maintenance professionals.
MTU Aero Engines AG
Founded in 1934 and headquartered in Munich, Germany, MTU is a leading global aircraft engine manufacturer. It designs, develops, manufactures, and maintains commercial and military engines and provides services for military and civil aircraft engines. MTU operates in the market through two business segments, namely, Commercial and Military Engine Business (OEM) and Commercial Maintenance Business (MRO). The company focuses on providing innovative engines, high-tech solutions, and comprehensive services for the aviation industry. The Commercial Maintenance Business (MRO) segment offers MRO services for airlines.
Raytheon Technologies Corporation
Founded in 2020 and headquartered in Virginia, U.S., Raytheon is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers across the globe. Raytheon operates in the market through four business segments, namely, Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
The Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for aircraft manufacturers, airlines, aviation, and defense and commercial space operations. The Pratt & Whitney segment designs, develops, produces, and maintains large aircraft engines for commercial, fighter, bomber, tanker, and transport aircraft for military customers. The Raytheon Intelligence & Space segment provides integrated space, communication and sensor systems, and cyber and software solutions to defense, federal and commercial customers. The Raytheon Missiles & Defense segment offers end-to-end solutions for U.S. and foreign government customers designed to detect, track, and engage threats.
Singapore Technologies Engineering Ltd.
Founded in 1967 and headquartered in Singapore, Singapore Technologies is a global technology, defense, and engineering company that offer solutions and services across aerospace, smart city, defense, and public security segment. The company’s wide product portfolio caters to the aerospace, smart city, defense, and public security segments.
The company operates in the market through three business segments, namely, Commercial Aerospace, Urban Solutions & Satcom, and Defense & Public Security. The Commercial Aerospace segment provides aerostructures & systems and aerospace MRO services. This segment is focusing on providing MRO solutions to extend the life of capital assets in aircraft by setting up full LEAP-1B engine MRO services by the end of 2023. The company has a strong geographical presence across the U.S., Asia-Pacific, Europe, and other countries.
TAP Maintenance & Engineering
Founded in 1945 and headquartered in Lisbon, Portugal, TAP Maintenance & Engineering offers maintenance, repair and overhaul, and other services for Airbus, Boeing, and Embraer fleets. The company offers maintenance services such as aircraft maintenance, engine repair and overhaul, components repair and overhaul, continuing airworthiness management, engineering services, technical laboratories, and training for aircraft equipment, namely engines, airframe, and components. TAP Maintenance & Engineering Brazil provides line maintenance for narrow and wide-body aircraft at 35 airports in Brazil.
Authoritative Research on the Aviation MRO Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
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