Aircraft Component MRO Market Quadruples with Extensive M&A Activities by 2030; Declares MRFR

Aircraft Component MRO Market is predicted to reach USD 34.9 billion at a CAGR of 5.44% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Aircraft Component MRO Market” that contains information from 2018 to 2030. The Aircraft Component MRO market is estimated to register a CAGR of 5.44% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Aircraft Component MRO market— Lufthansa Technik AG, Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Honeywell International Inc., ST Engineering, AAR Corp., Barnes Aerospace, Inc. (Barnes Group), and FL Technics (Avia Solutions Group).

Market Highlights

The global Aircraft Component MRO market is accounted to register a CAGR of 5.44% during the forecast period and is estimated to reach USD 34.9 billion by 2030.

The Aircraft Component MRO Market involves the maintenance, repair, and overhaul of individual components and parts of aircraft. This market focuses on ensuring the reliability, safety, and operational efficiency of various aircraft systems, such as engines, avionics, landing gear, and more, contributing to overall flight safety and performance.

Segment Analysis

The global Aircraft Component MRO market has been segmented based on Aircraft Type, Component and Application.

On the basis of Aircraft Type, the market is segmented into wide-body aircraft, narrow-body aircraft and regional transport aircraft. Wide-body aircraft are predicted to grow at the fastest CAGR of 56.25% during the projection period. The rise in demand for wide-body aircraft maintenance and repair is due to an increase in long-distance routes with heavy traffic connecting international destinations.

Based on Component, the global Aircraft Component MRO market has been segmented into engine, wings, landing gear, empennage, fuselage, and many others. The engine overhaul market is anticipated to expand in 2022 and reach a market share of more than 41.0%. A key factor fueling expansion in the aircraft MRO market is manufacturer involvement in engine repair.

Based on Application, the global Aircraft Component MRO market has been segmented into commercial air transport, business and general aviation and military aviation. A substantial portion of the market was occupied by military aviation. In order to increase readiness in the face of escalating geopolitical tensions, increased terrorism, and continuous cyber and cold wars, military aircraft are in high demand in the air forces of sovereign armed nations.

Regional Analysis

The global Aircraft Component MRO market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Aircraft Component MRO market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aircraft Component MRO market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aircraft Component MRO market comprises of Middle East, Africa, and Latin America.

The North America Aircraft Component MRO Market dominated this market in 2022. As the local government moves to create zero-emission cars, it will continue to dominate the market during the projected period.

Due to advancements in technology, Europe holds the second-largest market share for aviation component MRO. The presence of well-established technology infrastructure is another factor. Additionally, the UK's aircraft component MRO market grew at the quickest rate in the European region, while the German aircraft component MRO market had the largest market share.

Moreover, From 2023 to 2030, the Aircraft Component MRO Market in Asia-Pacific is anticipated to experience the quickest CAGR growth. This is because there are so many little and medium wide-body aircraft in use. The introduction of several airlines, like Air Asia, Indigo, and others, to varied services increases demand in the industry.  Additionally, the Indian aircraft component MRO market had the quickest rate of growth in the Asia-Pacific region, while China's aircraft component MRO industry had the greatest market share.

Key Findings of the Study

• The global Aircraft Component MRO market is expected to reach USD 34.9 billion by 2030, at a CAGR of 5.44% during the forecast period.


• The North America Aircraft Component MRO Market dominated this market in 2022. As the local government moves to create zero-emission cars, it will continue to dominate the market during the projected period.


• Based on Component, The engine overhaul market is anticipated to expand in 2022 and reach a market share of more than 41.0%.


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