The report “Aircraft Maintenance, Repair and Overhaul Market by Service (maintenance services, engineering services, technical training, inventory management, freight conversions and others), by segments (engine, line, base and component), by aircraft-type (narrow body aircraft, wide body aircraft, very large body aircraft and regional aircraft)”
The aircraft maintenance, repair and overhaul market is expected reach at a CAGR of 3.8%. Factors driving the growth of this market include growing commercial Aircraft navy has primarily driven the aircraft maintenance repair and overhaul market. Moreover, the aircraft retirements have also been decreased due to increasing age of aircrafts .The main reason behind doing this is due to the current aircrafts being continuously upgraded to include latest technologies through MRO services before being retired for scrap and fighter planes. This is the another factor driving the growth of aircraft maintenance repair and overhaul market
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“aircraft maintenance, repair and overhaul market – By Service (maintenance services, engineering services, technical training, inventory management, freight conversions and others), by segments (engine, line, base and component), by aircraft-type (narrow body aircraft, wide body aircraft, very large body aircraft and regional aircraft) - Global Forecast to 2024".
Engine Segment has dominated the aircraft maintenance, repair and overhaul market in 2023
On the basis of segments, the aircraft maintenance, repair and overhaul market is categorized into engine, line, base and component. Engine held the largest segment contributing to the aircraft maintenance, repair and overhaul market.
Asia Pacific is the largest aircraft maintenance, repair and overhaul market
Based on region, the aircraft maintenance, repair and overhaul market is segmented into Americas, Europe, Asia-Pacific, and ROW. Asia-Pacific is expected to lead the printed electronics market in terms of revenue. Asia pacific is the leading market as large number of narrow body aircrafts are being operated in this regions due to the presence of many service providers.
Companies profiled in the report
The report profiles some of the key companies in the aircraft maintenance, repair and overhaul market include Aar Corporation, Turkish Technik AG, Sabena Technics, Aviation Technical Service, Delta TechOps (delta Corporation ltd), Singapore Technologies Aerospace Ltd, Air France Industries, Aeroman, United Technologies Corporation and Mexicana MRO services.
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