Market Share of Asia-Pacific Aircraft Engine MRO Industry
The Asia-Pacific aircraft engine MRO market is highly competitive and marked by the presence of many prominent players, such as Safran SA, General Electric Company, Rolls-Royce plc, GMF AeroAsia, and HAECO Group, competing for a larger market share. Key engine MRO service providers focus on providing advanced services through next-generation technologies. Furthermore, the major players in the market are focusing on business expansion through mergers and acquisitions, partnerships, and contracts with airlines. On March 20, 2022, Helicopter Engines MRO Pvt Limited (HE-MRO), a joint venture between Hindustan Aeronautics Limited and Safran, opened its new facility in Goa, India. According to HAL, the new facility will be operational by the end of 2023, with a planned capacity of 50 engines per year and a total power of 150 engines per year. The MoU signed by HAL with Safran is part of the Indian government's Atmanirbhar Bharat vision of achieving self-reliance in defense technologies and MRO.
Asia-Pacific Aircraft Engine MRO Market Leaders
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Safran SA
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General Electric Company
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Rolls Royce plc
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GMF AeroAsia
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HAECO Group
*Disclaimer: Major Players sorted in no particular order
