"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Aircraft Component MRO Market Size, Share & Industry Analysis, By Aircraft Type (Commercial Aircraft (Narrow Body, Wide Body, and Regional Aircraft), Business Jet, General Aviation Aircraft, and Helicopters), By Component (Engine, Wheel and Brakes, Landing Gear, Avionics, Fuel System, Hydraulic System, Cockpit System, Flight Control, Electrical Systems, Thrust Reverser, and Others), By Maintenance Service (Inspection, Overhaul, Repairs, and Others), and Regional Forecast, 2024 – 2032

Last Updated: May 13, 2024 | Format: PDF | Report ID: FBI104871



Play Audio Listen to Audio Version

The global aircraft component MRO market size was valued at USD 18.13 billion in 2023 and is projected to grow from USD 19.20 billion in 2024 to USD 36.93 billion by 2032, exhibiting a CAGR of 8.52% during the forecast period.


Request Sample

The aircraft component Maintenance Repair and Overhaul (MRO) refers to providing maintenance, repair, and overhaul to the major components of an aircraft. MRO delivers activity for Auxiliary Power Units (APU), mechanical actuators, landing gears, avionics, and fuel system of the aircraft. The MRO services improve the life-span and airworthiness of the aircraft. The aircraft component MRO services improve the efficiency and reliability of the aircraft. These factors are anticipated to drive the market and accentuate commercial airlines' demand for aircraft component MRO service. Additionally, the progression of commercial aviation MRO services in growing economies, such as India and China, is predicted to boost the market. Key companies, such as Air France Industries, KLM Engineering & Maintenance, Delta TechOps, and FL Technics, provide cost-efficient MRO services. The air fleet and aircraft deliveries growth is expected to increase the market size in the forecast period. The COVID-19 pandemic caused a drastic decline in the aircraft component MRO market share due to sudden operations halt. The engineers and staff associated with the maintenance, repair, and overhaul activities were asked to refrain from coming to the facility due to the fear of contracting the coronavirus.

Aircraft Component MRO Market Trends

Growing Use of Predictive and Preventive Maintenance

Recently, a trend for predictive and preventive maintenance has gained traction due to the proliferation of accurate and efficient MRO service provision. Predictive maintenance is a condition-based maintenance that involves equipment condition monitoring and performance monitoring during regular operations to limit the chances of a breakdown. Preventive maintenance refers to performing regularly scheduled maintenance activities to help limit unexpected failures in the future. These activities and initiatives are a growing trend in the MRO market and are expected to boost the overall market due to widespread adoption. For instance,

  • In November 2023, Vietnam Airlines signed a long-term agreement with Airbus for the Skywise Predictive Maintenance (SPM) digital solution. The long-term agreement covers up to 65 A321 Family aircraft (A321ceo and A321neo).

Request a Free sample to learn more about this report.

Aircraft Component MRO Market Growth Factors

Rising Use of Emerging Technology and Non-Destructive Testing Supports Market Growth

A recent trend of emerging technology and non-destructive testing for inspection and repair is observed since major service providers globally opt for more technologically advanced testing. Non-Destructive Testing (NDT) is an effective method to detect minor imperfections or damages in aerospace materials or components throughout their operational life without materially affecting the integrity of the tested item. Therefore, considering the excellent testing benefits of the latest technology, the market is expected to grow exponentially over the forecast period.

Growth in Aircraft Deliveries and Air Fleet Expansion to Drive Market Growth

The size of a fleet is positively correlated with global MRO demand. As a result, a rise in MRO demand is likely in the near future as fleet sizes continue to grow. A constant rise in air travel in developing countries is predicted to accentuate the demand for new aircraft in major countries. The cost of MRO software adds up for roughly 1/5th of the operational costs of the airline. A rise is to be experienced by the passenger-growth trend, with engines attracting the bulk of the maintenance prices. With aircraft maintenance a priority, air operators have choices among independent MROs, components, and aircraft OEMs. Global airlines aim to expand their aircraft fleet size due to the growing air passenger traffic. The market growth in the forecast period is due to the increasing number of aircraft fleets. The MRO sector is predicted to exhibit a strady growth throughout the forecast period owing to rising demand for growing aircraft fleets and a growth in air travel.


High Cost and Regulations to Cause a Delay and Limit Market Growth

Aircraft component MRO players are majorly targeting the annual OEM material price increase and the restrictions OEMs have placed on the direct sale of OEM-designed parts due to their IP ownership for rapid increase in the price of parts. Additionally, OEMs charge exorbitant consultancy fees, making it difficult for MRO players to diversify and expand their services. These aspects suggest that this pattern is likely to continue in the longer run, thereby making high costs and restrictions on airworthiness a significant hindrance to the aircraft component MRO market growth.

Aircraft Component MRO Market Segmentation Analysis

By Aircraft Type Analysis

Growing Aircraft Deliveries and Air Travel to Support Commercial Aircraft Segment Growth

Based on aircraft type, the market is categorized into commercial aircraft, business jets, general aviation aircraft, and helicopters. The commercial aircraft segment is further bifurcated into narrow-body aircraft, wide-body aircraft, and regional aircraft.

 The commercial aircraft segment accounted for the largest market share in 2022 and is anticipated to grow at the highest CAGR in the forecast period, owing to the number of aircraft deliveries and growth in air travel. This is subsequently surging the demand for aircraft component MRO, considering the growth in global air fleet.

The business jets segment is expected to gain traction during the forecast period and grow at a significant CAGR owing to increasing net-worth of individuals. The growing net worth of people is subtly leading to an overall economic growth and is expected to further propel the market for business jets aircraft component MRO.  

To know how our report can help streamline your business, Speak to Analyst

By Component Analysis

Major Technological Advancements in Avionics Propel the Flight Control Segment Growth

By component, the market is divided into wheel and brakes, landing gear, avionics, fuel system, hydraulic system, cockpit systems, flight control, electrical systems, thrust reversers, and others.

The flight control segment is predicted to be the largest segment due to the controls' complexity and the cost associated with the component's maintenance, repair, and overhaul. Growing demand for fly-by-wire control systems will boost the overall market.

  • For instance, in May 2022, Bombardier, a global aircraft OEM, launched a Global 8000 business jet with the latest upgrade in the supplied vision flight deck powered by Collins Aerospace. 

However, the avionics segment is anticipated to grow at a very high CAGR during the forecast period. This growth is due to the growing technological advancements and automation of avionics fueled by new aircraft deliveries and wide aftermarkets for avionics.

By Maintenance Service Analysis

Overhaul Segment to Dominate Due to Aircraft Performance Tolerance Process

Based on maintenance service, the market is divided into inspection, overhaul, repairs, and others.

The overhaul segment accounted for the largest market share in 2022. It is expected to maintain its dominance in the forecast period owing to a process that ensures that an aircraft performs according to applicable serviceable tolerances set by its manufacturer for continued airworthiness.

The inspection segment is predicted to grow with a significant CAGR over 2023-2030, owing to numerous technological advancements in inspection methods. Pit gauges and visual inspection are the industry standard for non-destructive surface scanning for dents, composite wrinkles, and flush checks on fasteners.


The global market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Rest of the World.

North America Anti-Jamming Market Size, 2023 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

North America was valued at USD 5.53 billion in 2023 and is expected to dominate the market due to the presence of top service providers and a growing market for aircraft component MRO. The presence of major players, such as AAR Corp., Barnes Aerospace, Delta TechOps, Honeywell International, and others, is accountable for this expansion.

  • For instance, in February 2022, IBS Software unveiled its partnership with Lynx Air to implement the iFlight digital platform to facilitate flight and crew operations management.

During the forecast period, Asia Pacific is predicted to grow at the highest CAGR in the forecast period. The rising passenger traffic from emerging economies, such as India and China, is the prime reason for this growth. In addition, the market's growth is fueled by the rising demand for aircraft component MRO services from Singapore's commercial airlines.

There is a significant prominence of the market in Europe. The presence of major players, such as Lufthansa Technik AG and KLM Engineering & Maintenance, is a crucial factor for this expansion. Market expansion is being refueled in Europe by the rising use of cutting-edge software technologies for maintenance scheduling and labor-hour tracking.

During the forecast period, significant growth is expected to be observed in the rest of the world. The commercial airlines of South America and the Middle East & Africa have increased their demand for MRO services for aircraft parts.

List of Key Companies in Aircraft Component MRO Market

Key Market Players Focused On Providing Different Services to Survive Market Competition

The latest trends in the market is nondestructive testing for MRO purpose, which uses nondestructive methods for detection of problem in the components. Key players in the component MRO software industry, such as Lufthansa Technik (Germany) and AAR Corp. (U.S.), have adopted strategies like partnerships, agreements, contracts signing, and acquisition for growth. Additionally, investment in the R&D of emerging technologies is adopted by numerous key players to maintain their position in the market of aircraft component MRO. A wide services portfolio and advanced concepts being implemented by key players are some of the major factors adding up to the market growth.

List of Key Companies Profiled:

  • Lufthansa Technik (Germany)

  • AAR Corp. (U.S.)

  • SIA Engineering Company (Singapore)

  • ST Aerospace (Singapore)

  • ST Engineering (Singapore)

  • BOEING Company (U.S.)

  • SR Technics (Switzerland)

  • GE Aviation (U.S.)

  • HAECO (Hong Kong)

  • Bombardier Inc. (Canada)


  • September 2023 – ST Engineering announced that it had secured a multi-year contract to provide Japan Airlines with component Maintenance-By-the-Hour (MBHTM) solutions. The contract stated that ST Engineering will continue to provide Japan Airlines’ Boeing 737-800s with a full suite of component solutions, including component pooling, component modification, repair & overhaul, component predictive health monitoring, and logistics services.

  • September 2023 – Air Asia Digital Engineering (ADE) signed an agreement with Collins Aerospace to provide CFM56-5B nacelle maintenance services. Collins Aerospace aims to provide training for nacelle inspection, maintenance, composite, and mechanical repairs to ADE engineers to support AirAsia’s Airbus A320ceo fleet.

  • December 2023 – Air Serbia and Lufthansa Technik (LHT) signed a five-year contract. As per the contract, Lufthansa Technik will provide complete component support to the airline’s current and future Airbus A320ceo-family fleet.

  • November 2023 – MTU Maintenance announced that it had signed a five-year contract with SriLankan Airlines for LEAP-1A engine Maintenance Repair and Overhaul (MRO) services.  SriLankan Airlines currently operates a fleet of 22 Airbus A330s and A320/A321 aircraft.

  • November 2023 – Honeywell announced a 10-year deal with Saudia Technic. According to the agreement, Honeywell would setup a full-service MRO organization in the Middle East for the maintenance of the Boeing 777 APUs.

  • November 2023 – At the Dubai Air Show, Saudia Technic and Lufthansa Technik signed a ten-year agreement for Total Component Support (TCS). The agreement was signed to focus on Saudia's Airbus fleet. The TCS contract includes 24/7 access to Lufthansa Technik’s global component pool for 53 Airbus A320s and 31 A330 aircraft.

  • August 2023 – TAT Technologies, a leading supplier of OEM products and MRO services, announced that it had signed a USD 7.5 million contract for the repair of the Boeing 747 thermal component being used by a fleet of a major European Cargo carrier.

An Infographic Representation of Aircraft Component MRO Market

To get information on various segments, share your queries with us


The report provides detailed information on the market and focuses on leading companies, product types, and leading product applications. Besides this, the report offers insights into market trends and competition and highlights key industry developments. In addition to the above factors, it contains several factors that have contributed to the sizing of the global market in recent years.

To gain extensive insights into the market, Request for Customization




Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 8.52% from 2024 to 2032


Value (USD Billion)



By Aircraft Type

  • Commercial Aircraft

    • Narrow Body

    • Wide Body

    • Regional Aircraft

  • Business Jet

  • General Aviation Aircraft

  • Helicopters

By Component

  • Engine

  • Wheel and Brakes

  • Landing Gear

  • Avionics

  • Fuel System

  • Hydraulic System

  • Cockpit Systems

  • Flight Control

  • Electrical Systems

  • Thrust Reverser

  • Others

By Maintenance Service

  • Inspection

  • Overhaul

  • Repairs

  • Others

By Country

  • North America (By Type, Component, Maintenance Service, and Country)

    • U.S. (By Aircraft Type)

    • Canada (By Aircraft Type)

  • Europe (By Type, Component, Maintenance Service, and Country)

    • U.K. (By Aircraft Type)

    • Germany (By Aircraft Type)

    • France (By Aircraft Type)

    • Italy (By Aircraft Type)

    • Ireland (By Aircraft Type)

  • Asia Pacific (By Type, Component, Maintenance Service, and Country)

    • China (By Aircraft Type)

    • India (By Aircraft Type)

    • Japan (By Aircraft Type)

    • Singapore (By Aircraft Type)

    • Australia (By Aircraft Type)

  • Middle East & Africa (By Type, Component, Maintenance Service, and Country)

    • Saudi Arabia (By Aircraft Type)

    • UAE (By Aircraft Type)

    • Qatar (By Aircraft Type)

    • Turkey (By Aircraft Type)

  • Rest of the World (By Type, Component, Maintenance Service, and Country)

    • Latin America (By Aircraft Type)

    • Africa (By Aircraft Type)

Frequently Asked Questions

Fortune Business Insights has stated that the global market size was valued at USD 18.13 billion in 2023 and is projected to reach USD 36.93 billion by 2032.

Registering a CAGR of 8.52%, the market will exhibit rapid growth during the forecast period of 2024-2032.

By aircraft type, the commercial aircraft segment will dominate and grow with the fastest CAGR during the forecast period.

Lufthansa Technik (Germany) and AAR Corp. (U.S.) are the leading players in the global market.

North America dominated the market in terms of share in 2023.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
  • 2023
  • 2019-2022
  • 200

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.