Asia Pacific Aircraft MRO Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), and End Users (Commercial and Military)


No. of Pages: 96    |    Report Code: TIPRE00022959    |    Category: Aerospace and Defense

Asia Pacific Aircraft MRO Market
Buy Now

The Asia Pacific aircraft MRO market was valued at US$ 28,315.86 million in 2022 and is expected to reach US$ 46,482.95 million by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030.

Increasing Adoption of Sustainable Aviation Fuel (SAF) Boosts Asia Pacific Aircraft MRO Market

Investing in sustainable aviation fuels (SAFs) and related services presents a significant opportunity for aircraft MRO providers. As the aviation industry intensifies its efforts to reduce carbon emissions and achieve sustainability goals, MRO companies can play a pivotal role in SAF adoption. By offering SAF-related services and technologies, MRO providers can position themselves as leaders in environmental sustainability and contribute to the industry's commitment to greener aviation practices. This opportunity aligns with the growing demand for eco-friendly aviation solutions and can open new revenue streams while fostering a more sustainable future for the sector. For instance, in February 2022, SIA Engineering Company Limited announced a trial using SAF with SIAEC's joint venture with Rolls-Royce and Singapore Aero Engine Services Private Limited (SAESL) to perform engine tests at its engine test facility. This is anticipated to position SIAEC as a sustainability-centric MRO service provider in the coming years. Similarly, in February 2023, Boeing entered into agreements to acquire 5.6 million gallons (equivalent to 21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, a global leader in SAF production. Boeing's significant SAF procurement highlights a growing opportunity for Aircraft MRO providers.

As airlines increasingly prioritize eco-friendly operations, MRO companies can offer services related to SAF integration and usage. This includes retrofitting aircraft to accommodate SAF, conducting SAF-related maintenance, and ensuring compliance with SAF standards and regulations.

Asia Pacific Aircraft MRO Market Overview

Asia Pacific is a diverse region that houses more than 4 billion people and also comprises dynamic economies that cumulatively generate 35% of the global GDP. The aviation industry in the region is a pivotal contributor to its social and economic development. In 2017, Asia Pacific surpassed North America in terms of the leading digital travel market. The growth of Asia has been primarily attributed to the wide range of income levels and the rapidly growing middle class. This resulted in robust sales gains in fast-developing economies of the region, such as India and China. Asia Pacific is expected to be the region experiencing ample opportunities for providers of aircraft MRO services. Asia Pacific has several growing economies, which are leading the growth of a variety of sectors, including aerospace, military & defense, and technology. Many emerging economies in Asia Pacific are attracting investment from the regulatory bodies to bring enhancement to their technologies. This would eventually propel the growth and adoption of advanced technologies to be integrated into aircraft.

Numerous global players are expanding their MRO facilities in Asia Pacific. For instance, in July 2022, Safran AB (one of the leading suppliers of key aircraft components, including landing gear, wheels and brakes, and wiring) announced an investment of US$ 305 million in India. The company is planning to invest US$ 204.15 million in one of the largest MRO facilities in the world in Hyderabad. Investments of global players will boost the growth of the aircraft MRO market during the forecast period.

Asia Pacific has had a strong import of advanced commercial aircraft since the past few years owing to an increase in international travelers from across the globe in countries such as India, China, Japan, and Taiwan. Owing to the increasing count of aircraft and airports, the demand for aircraft MRO services will soar during the forecast period. The region is expected to account for ~40% of the future airline production to suffice the aircraft demand. The increasing number of airports and rising regional flight transportation between Asian countries are encouraging the demand for aircraft MRO services and systems to perform safer operations. To fulfill these needs, new and existing players are developing new systems, which, in turn, is expected to drive the market.

Apart from this, Southeast Asian countries are also witnessing growth over the recent years. As a result, the key players in the aircraft MRO market are enhancing their capabilities in this region. For instance, in September 2023, Pratt & Whitney announced plans to increase the capacity of its Singapore engine center, Eagle Services Asia (ESA). The company is planning to increase its facilities to 48,000 sq. ft, which will increase its capabilities by two-thirds of its current capacity. Thus, potential countries in terms of the aviation industry in Southeast Asia, such as Singapore, Malaysia, and Thailand, generate more revenue for the aircraft MRO market in Asia Pacific.

Asia Pacific Aircraft MRO Market Revenue and Forecast to 2030 (US$ Million)

Get more information on this report

Asia Pacific Aircraft MRO Strategic Insights

Strategic insights for the Asia Pacific Aircraft MRO provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-aircraft-mro-market-strategic-framework.webp
Get more information on this report

Asia Pacific Aircraft MRO Report Scope

Report Attribute Details
Market size in 2022 US$ 28,315.86 Million
Market Size by 2030 US$ 46,482.95 Million
Global CAGR (2022 - 2030) 6.4%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Components
  • Engine MRO
  • Avionics MRO
  • Airframe MRO
  • Cabin MRO
  • Landing Gear MRO
By Aircraft Type
  • Fixed Wing Aircraft and Rotary Wing Aircraft
By End Users
  • Commercial and Military
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • AAR CORP
  • Barnes Group Inc
  • Collins Aerospace
  • Delta TechOps
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce Holdings Plc
  • Singapore Technologies Engineering Ltd
  • Turkish Technic Inc.
  • Get more information on this report

    Asia Pacific Aircraft MRO Regional Insights

    The geographic scope of the Asia Pacific Aircraft MRO refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/asia-pacific-aircraft-mro-market-geography.webp
    Get more information on this report

    Asia Pacific Aircraft MRO Market Segmentation

    The Asia Pacific aircraft MRO market is categorized into components, aircraft type, end users, and country.

    Based on components, the Asia Pacific aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest market share in 2022.

    In terms of aircraft type, the Asia Pacific aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held a larger market share in 2022.

    By end users, the Asia Pacific aircraft MRO market is bifurcated into commercial and military. The commercial segment held a larger market share in 2022.

    By country, the Asia Pacific aircraft MRO market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific aircraft MRO market share in 2022.

    AAR CORP, Barnes Group Inc, Collins Aerospace, Delta TechOps, GE Aviation, Lufthansa Technik, Rolls-Royce plc, Singapore Technologies Engineering Ltd, and Turkish Technic Inc are among the leading companies operating in the Asia Pacific aircraft MRO market.

    The List of Companies - Asia Pacific Aircraft MRO Market

    1. AAR CORP
    2. Barnes Group Inc
    3. Collins Aerospace 
    4. Delta TechOps 
    5. GE Aviation 
    6. Lufthansa Technik 
    7. Rolls-Royce Holdings Plc
    8. Singapore Technologies Engineering Ltd 
    9. Turkish Technic Inc.
    Frequently Asked Questions
    How big is the Asia Pacific Aircraft MRO Market?

    The Asia Pacific Aircraft MRO Market is valued at US$ 28,315.86 Million in 2022, it is projected to reach US$ 46,482.95 Million by 2030.

    What is the CAGR for Asia Pacific Aircraft MRO Market by (2022 - 2030)?

    As per our report Asia Pacific Aircraft MRO Market, the market size is valued at US$ 28,315.86 Million in 2022, projecting it to reach US$ 46,482.95 Million by 2030. This translates to a CAGR of approximately 6.4% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Aircraft MRO Market report typically cover these key segments-

    • Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO)
    • Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft)
    • End Users (Commercial and Military)

    What is the historic period, base year, and forecast period taken for Asia Pacific Aircraft MRO Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Aircraft MRO Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in Asia Pacific Aircraft MRO Market?

    The Asia Pacific Aircraft MRO Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AAR CORP
  • Barnes Group Inc
  • Collins Aerospace
  • Delta TechOps
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce Holdings Plc
  • Singapore Technologies Engineering Ltd
  • Turkish Technic Inc.
  • Who should buy this report?

    The Asia Pacific Aircraft MRO Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Aircraft MRO Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now