About Aircraft Airframe MRO
Aircraft Airframe MRO, which stands for aircraft airframe maintenance, repair, and overhaul, involves comprehensive processes aimed at maintaining, repairing, and overhauling an aircraft's structural components collectively known as the airframe. This includes the fuselage, wings, empennage , and other critical structural elements. Aircraft Airframe MRO is crucial for ensuring the safety, reliability, and longevity of an aircraft. Strict adherence to aviation regulations is paramount to guarantee compliance with industry standards. Maintenance activities are scheduled based on factors such as aircraft usage, flight hours, and calendar time, following guidelines established by aviation authorities and manufacturers.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.1% |
Aircraft Airframe MRO is Fragmented market In order to maximize the revenue share of bossiness companies strategic long term alliances and contract are set to play significant role player are emerging from developed to increased Demand Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aircraft Airframe MRO market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AAR Corp.(United states), Delta TechOps (United States), GE Aviation (United States), Hong Kong Aircraft Engineering Co. Ltd (Hong Kong), Lufthansa Technik AG (Germany), Raytheon Technologies Corporation (United States), SIA Engineering Company Ltd (Singapore), TAP Maintenance & Engineering (Lisbon) and Singapore Technologies Engineering Ltd (Singapore) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are MTU Aero Engines AG (Germany), Rolls-Royce Holding PLC (United Kingdom), Safran SA (France), Air India Engineering Services Ltd (India), Emirates Engineering (United States) and StandardAero (United States).
Segmentation Overview
AMA Research has segmented the market of Global Aircraft Airframe MRO market by , Application (Commercial Air Transport, Business and General Aviation, Military Aviation and Others) and Region.
On the basis of geography, the market of Aircraft Airframe MRO has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by MRO Service Type , the sub-segment i.e. Engine will boost the Aircraft Airframe MRO market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Aircraft Type, the sub-segment i.e. Narrow Body will boost the Aircraft Airframe MRO market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased use of robotics and automation for repetitive tasks, reducing human error and increasing efficiency
Market Growth Drivers:
Growing air travel leading to higher demand for aircraft airframe maintenance to ensure safety and compliance and Adoption of technologies in airframes necessitating specialized maintenance and upgrades
Challenges:
Intense competition and cost pressures in the aviation industry may impact MRO profitability
Restraints:
Consolidation in the MRO industry may limit opportunities for smaller players
Opportunities:
Growing aviation markets in emerging economies present new opportunities for MRO providers
Market Leaders and their expansionary development strategies
In September 2023, Barnes Group Inc. successfully finalized its previously disclosed acquisition of MB Aerospace. MB Aerospace is recognized as a foremost provider of precision manufacturing and repair services for aero-engine components, catering to major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers.
In In July 2023, AAR CORP., a prominent provider of aviation services catering to commercial and government operators, MROs , and OEMs , disclosed the signing of an agreement with United Airlines. This agreement involves the extension of their current airframe MRO services partnership, stretching through the year 2030, and includes an expansion of AAR's commitments in heavy maintenance services for United Airlines.
Key Target Audience
Manufacture, Supplier, Provider and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.