How big is the Southeast Asia Aircraft MRO Market?

The Southeast Asia Aircraft MRO Market size is expected to reach USD 5.34 billion in 2024 and grow at a CAGR of 5.94% to reach USD 7.12 billion by 2029. Read More

What is the current Southeast Asia Aircraft MRO Market size?

In 2024, the Southeast Asia Aircraft MRO Market size is expected to reach USD 5.34 billion. Read More

Who are the key players in Southeast Asia Aircraft MRO Market?

Safran SA, GMF AeroAsia, Singapore Technologies Engineering Ltd, StandardAero and Sepang Aircraft Engineering Sdn Bhd are the major companies operating in the Southeast Asia Aircraft MRO Market. Read More

What years does this Southeast Asia Aircraft MRO Market cover, and what was the market size in 2023?

In 2023, the Southeast Asia Aircraft MRO Market size was estimated at USD 5.02 billion. The report covers the Southeast Asia Aircraft MRO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Southeast Asia Aircraft MRO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Southeast Asia Aircraft MRO Market Analysis | Industry Report, Size & Forecast

South East Asia Aircraft MRO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The South East Asia Aircraft MRO Market is Segmented by Application (Commercial Aviation, Military Aviation, and General Aviation), MRO Type (Airframe MRO, Engine MRO, and Other MRO Types), and Geography (Malaysia, Indonesia, Singapore, Thailand, and Rest of South East Asia). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

MRO in Southeast Asia Industry Overview

The market for aircraft MRO services in the Southeast Asia region is moderately consolidated. Singapore Technologies Engineering Ltd, GMF AeroAsia, Safran SA, StandardAero, and Sepang Aircraft Engineering Sdn Bhd are some of the prominent players in the market.

For a long time, the market was dominated by players based in Singapore, but the dynamics are now changing. Following the success of Singapore in the industry, players from countries like Indonesia, Malaysia, and Thailand are trying to replicate the success of Singaporean players and develop their MRO capabilities. The market is witnessing investments from players into countries like Thailand, Indonesia, etc., owing to the growing aircraft fleet and lower labor costs compared to Singapore. The market is witnessing a huge investment from key players in facility development, technological innovations, joint ventures, and partnerships.

Players are focusing on developing their MRO capabilities in the region, making the market more competitive with the entry of new players. Such developments are expected to make the market more competitive during the forecast period.