According to The Insight Partners, the global aircraft maintenance market will reach $134.07 billion by 2030, registering a CAGR of 4.9% from 2022 to 2030. Key players include AAR, Barnes Group Inc and Collins Aerospace.
Aerospace MRO market expected to reach $134.07 billion by 2030.
According to The Insight Partners, the global aviation maintenance, repair and overhaul (MRO) market is expected to grow from US$91.15 billion in 2022 to US$134.07 billion in 2030, with a compound annual growth rate of 4.9% from 2022 to 2030. Key players in the aircraft MRO market studied in this analysis include AAR, Barnes Group Inc, Collins Aerospace, Delta TechOps, FL Technics, UAB, GE Aviation, Lufthansa Technik, Rolls-Royce plc, Singapore Technologies Engineering Ltd, and Turkish Technic Inc. In 2023, ST Engineering announced that its Commercial Aerospace business has been awarded multi-year contracts to provide Japan Airlines with its Maintenance-By-the-Hour (MBH) solutions, strengthening a relationship of long time with the airline in integrated MRO support.