Global aircraft MRO market - Statistics & Facts

The market for aircraft MRO (maintenance, repair, and overhaul) pertains to services that include the inspection, rebuilding, and alteration of aircrafts, as well as the supply of spare parts, accessories, raw materials and other consumables for aircraft manufacturing. With the global aircraft fleet projected to reach almost 38,000 by 2028, the global aircraft MRO is estimated to reach a 10-year consolidated market size value of around 115 billion U.S. dollars.

In aviation, MRO typically involve routine checks and inspections to satisfy airworthiness requirements. The global market comprise of individual segments for aircraft engines, components, line, airframe and modifications. The largest of these segments is the engine segment. It accounted for around 42.25 percent of the global civil air transport MRO market in 2018 and is projected to reach a value of 18.8 billion U.S. dollars by 2028. In that same year, global aircraft line maintenance is expected to reach a market size of around 17.9 billion U.S. dollars. Some of the major commercial aircraft engine manufacturers in the world include: General Electric Aviation, CFM International, as well as Rolls Royce. In 2017, General Electric generated revenue of about 27.4 billion U.S. dollars from the aviation sector alone.

The International Civil Aviation Organization (ICAO) sets the global regulatory standards that are implemented by either a national or regional regulatory body such as the Federal Aviation Administration (FAA) in the United States.

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Global aircraft MRO market

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