TOP 10 COMPANIES IN AVIATION MRO MARKET
Added: (Thu Dec 21 2023)
Pressbox (Press Release) -
The Aviation Maintenance, Repair, and Overhaul (MRO) Market is forecasted to reach $87.4 billion by 2030, soaring from an estimated $66.6 billion in 2023. This upward trend, with a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period (20232030), is propelled by increased investments in aircraft MRO, the expanding air travel sector, and heightened governmental focus on aviation. However, challenges such as stringent regulations and a shortage of trained personnel pose hurdles to the market's expansion.
Key Growth Drivers:
1. Rising investments in aircraft MRO
2. Growth in air travel
3. Government focus on the aviation sector
Challenges:
1. Stringent regulations
2. Shortage of trained personnel
Market Opportunities and Trends: The demand for remote maintenance and repair systems is on the rise, creating opportunities for market growth. Nevertheless, a challenge persists with a shortage of trained personnel. Digital MRO stands out as a prominent trend, showcasing the industry's inclination towards innovative and efficient solutions.
Top 10 Companies Shaping the Aviation MRO Landscape: https://meticulousblog.org/top-10-companies-in-aviation-mro-market/
1. AAR CORP. (Illinois, U.S.)
Founded in 1951
Aviation Services and Expeditionary Services segments
Provides inventory management, distribution, MRO, and engineering services
2. Airbus SE (South Holland, Netherlands)
Founded in 1970
Operates in three segments: Airbus, Airbus Helicopters, and Airbus Defense and Space
Offers passenger and freighter aircraft, helicopters, and defense systems
3. Hong Kong Aircraft Engineering Company Limited (Hong Kong, China)
Founded in 1950
Globally leading in aircraft maintenance and overhaul
Offers comprehensive checks, refurbishments, and reconfigurations
4. KLM UK Engineering Limited (Norwich, U.K.)
Founded in 1999
Specializes in MRO services for Boeing, Embraer, and Avro aircraft
Operates from 6 maintenance bays across 3 modern hangars
5. Lufthansa Technik AG (Hamburg, Germany)
Founded in 1995
Global provider of MRO services for civilian commercial aircraft
Offers technical services, cabin equipment, and AOG services
6. Delta Air Lines, Inc. (Georgia, U.S.)
Founded in 1925
MRO division, Delta TechOps, is North America's largest provider of airline MRO services
Offers a wide range of capabilities, including engine servicing and complete interior reconfiguration
7. MTU Aero Engines AG (Munich, Germany)
Founded in 1934
Leading global aircraft engine manufacturer
Operates in Commercial and Military Engine Business (OEM) and Commercial Maintenance Business (MRO) segments
8. Raytheon Technologies Corporation (Virginia, U.S.)
Founded in 2020
Aerospace and defense company
Operates in four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense
9. Singapore Technologies Engineering Ltd. (Singapore)
Founded in 1967
Global technology, defense, and engineering company
Operates in three segments: Commercial Aerospace, Urban Solutions & Satcom, and Defense & Public Security
10. TAP Maintenance & Engineering (Lisbon, Portugal)
Founded in 1945
Offers maintenance, repair, and overhaul services for Airbus, Boeing, and Embraer fleets
Provides line maintenance for narrow and wide-body aircraft at 35 airports in Brazil
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Authoritative Insights: For a comprehensive analysis of each company, including recent financial performance, key products, significant strategies, and partnerships, Meticulous Researchฎ's latest report on the Aviation MRO Market provides in-depth coverage. The report also includes global market size estimates, market share analysis, revenue numbers, and a detailed examination of key industry trends.
For more detailed information, refer to Meticulous Researchฎs new report: "Aviation MRO Market Global Opportunity Analysis and Industry Forecast (2023-2030)."
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