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Aircraft MRO is the set of tasks required to maintain, repair, and overhaul aircraft. MRO activities take into account detection, inspection, replacement, repairing, and rectification of aircrafts in order to maintain their performance. MRO is essential to check the functionality and safety of aircraft components.The growing need for on-flight safety is noted to be a major cause for the aircraft MRO market to surge. The growing number of passengers traveling by air is encouraging airlines to deploy robust safety measures. The role of aircraft MRO lies therein. The growing need for passenger safety is promoting the need for proper maintenance of aircraft, hence observed to surge the market. Technological advancements are noted to gain traction for the market. Predictive analysis techniques is assisting in streamlining the process of repairing aircraft. This, in turn, is observed to impel the market growth.
Market Key Players
AAR Corp., JAL Engineering, Rolls-Royce, SR Technics, SIA Engineering, Delta TechOps, British Airways Engineering, Iberia Maintenance, Haeco, Ameco Beijing, TAP M&E, ANA, Korean Air, ST Aerospace, AFI KLM E&M, MTU Maintenance, Lufthansa Technik, and GE Aviation are notable companies of the market.
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Segmental Outline
The global market for aircraft MRO has been studied in segments based on two categories. Type and application are the broad criteria under which the market has been studied. By the type section, the global market has been studied into segments of Engine Maintenance, Components Maintenance, Line Maintenance Modification, and Airframe Heavy Maintenance. Under the application segment, the market has been studied for segments; Commercial and Military.
Detailed Regional Analysis
The aircraft MRO market has been examined across South America, Europe, Asia Pacific, North America, and the Rest of the World (RoW). The United States is expected to lead the market, followed by Mexico and Canada. These are important areas included under North America. The South America segment has been classified into the United Kingdom, Germany, France, and Italy. The key region of Asia Pacific are India, Japan, Korea, China, and Southeast Asia. The Middle East and Africa market has been studied across UAE, Nigeria, South Africa Egypt, and Saudi Arabia. In Asia Pacific, the market is likely to show a steady growth due to rise in cognizance. Robust technical base in the North America region is expected to push the growth of the regional market. The aircraft MRO market in Europe is anticipated to surge as the aviation industry in the region is experiencing fast-paced expansion.
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Industry Update September 2019
StandardAero, a Scottsdale-based maintenance, repair and overhaul (MRO) provider, acquired Safe Aviation Solutions, a provider of aircraft repairment solutions. The acuisition to result in the increase of the MRO portfolio of StandardAero.
Star Air, based at Kempegowda International Airport in Bangalore, to set up MRO facility for Embraer aircraft, an aerospace conglomerate based in Brazil that provides military, aeronautic, and agricultural services.
VTS Jets, a Russian MRO solution provider, acquired Jet Aviation’s, a business aviation services provider based in Switzerland, Moscow Vnukovo’s MRO station.
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