The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased air passenger traffic is likely to stimulate innovation in aviation maintenance manufacturing, propelling the market during the forecast period.

The global aircraft maintenance market is expected to grow from $42.24 billion in 2022 to $44.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.46%. The global aircraft maintenance market is expected to reach $54.03 billion in 2027 at a CAGR of 4.94%.

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Global Aircraft Maintenance Market Segments Include:

• By Service Type: Engine Overhaul, Line Maintenance, Modification, Components, APU
• By Aircraft Type: Narrow-Body, Wide-Body
• By Organization Type: Independent MRO, Original Equipment Manufacture MRO, Other Organization Types
• By End-User: Commercial Aircraft, Military Aircraft

• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global aircraft maintenance market in 2021.

Major Market Players in the aircraft maintenance market include General Electric Aerospace, Lufthansa Technik, AAR Corp., Delta Techops, ST Engineering, Royal Royce, MTU Maintenance, Hong Kong Aircraft Engineering Co. Ltd., Aviation Technical Services, Boeing Company, Bombardier Inc.

Technological advancement has emerged as a key trend gaining traction in the aviation maintenance industry. Major players in the aviation maintenance market are developing technical improvements to strengthen their market position. Cirium, a UK-based company that delivers data and analytics to the aviation and tourism industries, for example, introduced the first phase of satellite-based aircraft maintenance tracking in November 2022, the aviation sector’s first satellite-based aircraft maintenance tracking function. This technology facilitates in the detection of aircraft transitions and the formulation of strategies for how and where technicians or owners allocate maintenance and replacement part funds. By monitoring each ground event for a single aircraft, developers can learn whether an airline’s aircraft had its cabins updated, received more branding, is currently undergoing repair, or was placed back into service. The Ascend Profiles User Interface (UI), which visualises aircraft intelligence for airline and lessor profiles and delivers instant insights surrounding aircraft types, airport locations, OEMs, MROsand more, contains a function called ‘Ground Events’.

The Aircraft Maintenance Global Market Report 2023  provides a aircraft maintenance market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft maintenance market forecast analyzes aircraft maintenance market size, aircraft maintenance market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Aircraft maintenance refers to actions performed at a facility with the requisite staff and equipment, as well as the capacity to swiftly procure the necessary parts for the facility’s operator, for the upkeep, overhaul, repair, or modification of an aircraft or an aircraft component.

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