Commercial Aircraft Maintenance, Repair, And Overhaul (MRO)Companies (2024 - 2029)

Commercial Aircraft Maintenance, Repair, And Overhaul (MRO) Market Companies Summary

The commercial aircraft maintenance, repair, and overhaul (MRO) market is highly fragmented, with numerous firms offering services both globally and regionally. Several airlines are resorting to MRO to maintain fleet efficiency due to the high investment required for procuring new aircraft and the impact of the COVID-19 pandemic on their revenue sources. Additionally, government initiatives encouraging airports to support MRO as a strategic activity have been formulated, with holistic approaches being taken to ensure adequate space is allocated at airports for MRO services. However, the emergence of predictive maintenance has brought about challenges for the MRO industry, with not all firms equipped with the required infrastructure to harness the potential of machine learning and other advanced concepts. There is also limited cooperation between MRO organizations and original equipment manufacturers (OEMs) regarding repair standards for new equipment and components, making the MRO process complex. On a more positive note, the engine MRO segment is expected to dominate the market in the coming years, with OEMs controlling approximately half of the market in the engine maintenance sector. The other half is roughly split between independent and airline overhaul shops.