North America Aircraft MRO Market Forecast to 2030 - Regional 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)
The North America aircraft MRO market was valued at US$ 24,224.98 million in 2022 and is expected to reach US$ 36,031.60 million by 2030; it is estimated to register a CAGR of 5.1% from 2022 to 2030.
Increasing Air Travel Fuels North America Aircraft MRO Market
Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. This means that aircraft spend more time in the air and require more frequent maintenance checks to ensure their airworthiness. As more people choose air travel, airlines are operating more flights with shorter turnaround times between departures. This increased flight frequency places greater demands on aircraft maintenance to ensure safe and reliable operations. According to the Airports Council International (ACI) World's Industry Outlook for 2023-2024, as global passenger traffic recovers, 2024 is predicted to represent a turning point, with 9.4 billion passengers traveling worldwide, up from 9.2 billion in 2019 (102.5% of 2019 levels). With 2.0 billion passengers or 99.8% of the 2019 level, the North American region is predicted to approach the 2019 level by the end of 2023. Despite a robust rebound in 2021 and 2022, primarily due to domestic travel, the region's growth is anticipated to surge in the upcoming years. It is projected that passenger traffic in the region will reach 2.1 billion in 2024, which is 103.7% of the level in 2019. As air travel continues to rise, MRO providers play a crucial role in meeting the maintenance demands of airlines, contributing to the growth of the Aircraft MRO market.
North America Aircraft MRO Market Overview
The air passenger traffic is increasing at a constant pace, which has forced the airlines to increase their flight movements and introduce new aircraft. Aircraft MRO activities are essential in keeping up component availability, consistency, and quality. Airline operators depend on MRO services to ensure the safety of the aircraft and enhance fuel efficiency. The MRO market has become a viable business in the aviation industry since original equipment manufacturers (OEMs) mainly focus on the development of aircraft. Maintenance, repair, and overhaul (MRO) is a complex process in the aviation industry that has stringent and specific criteria specified by airworthiness authorities to decide whether an aircraft is airworthy. Airlines in the area spend billions of dollars per year to meet such specifications, which account for a significant portion of their overall operating costs. The aircraft MRO market in North America is expected to be driven by a rise in air passenger traffic; the need to improve operability and performance; and the need for disassembling, replacing, testing, and repairing many sections of aircraft. The region had primed its contribution to the global aviation industry. Nonetheless, the North America aviation industry would continue to generate relatively higher profits from the US owing to the continuity of air travel. Because of the existence of many aircraft OEMs in the US, the country is the world's largest aircraft manufacturer. With the launch and purchase of new aircraft, several contracts and agreements are routinely signed between aircraft MRO service providers and airlines, defense agencies, and others. Thus, the aforementioned factors are propelling a significant demand in North America.
According to The Insight Partners analysis, in 2023, North America had a fleet of more than 8,000 operational commercial aircraft, which is expected to reach ~10,000 by the end of 2033. Such a huge number of operating commercial aircraft will further generate the demand for MRO services in the region.
Moreover, the increase in the number of aircraft fleets across North America is expected to bolster the requirement of MRO for major aircraft components such as engines and airframes.
Besides this, one of the factors catalyzing the aircraft MRO market is the continued emphasis on rising spending on maintenance and repair activities of various components. Furthermore, MRO service providers in the region continually focus on creative integrated technologies, such as digital MRO technology, which enables service providers to carry out MRO activities more effectively and efficiently. As a result, digital MRO technology is expected to create lucrative opportunities for aircraft MRO service providers.
Various North American behemoths are engaged in offering MRO services to gain momentum in the industry. GE Aviation, Barnes Group Inc., Rolls Royce PLC, Delta TechOps, and Collins Aerospace are among the leading players in this industry. Several international MRO service providers are also present in the region. Southwest Airlines and United Airlines are preparing to open new aircraft hangars for their MRO operations in Houston and Los Angeles, respectively. Furthermore, airlines in the region are engaging in MRO outsourcing activities to cut costs associated with MRO activities.
North America Aircraft MRO Market Revenue and Forecast to 2030 (US$ Million)
North America Aircraft MRO Market Segmentation
The North America aircraft MRO market is categorized into components, aircraft type, end users, and country.
Based on components, the North America 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 North America 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 North America aircraft MRO market is bifurcated into commercial and military. The commercial segment held a larger market share in 2022.
By country, the North America aircraft MRO market is segmented into the US, Canada, and Mexico. The US dominated the North America aircraft MRO market share in 2022.
AAR CORP; Barnes Group Inc; Collins Aerospace; Delta TechOps; FLTechnics, UAB; GE Aviation; Lufthansa Technik; Rolls-Royce plc; Singapore Technologies Engineering Ltd; and Turkish Technic Inc are among the leading companies operating in the North America aircraft MRO market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aircraft MRO Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.3 Ecosystem Analysis
4.3.1 Component Suppliers
4.3.2 MRO Service Providers
4.3.3 End Users
5. North America Aircraft MRO Market - Key Industry Dynamics
5.1 North America Aircraft MRO Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Air Travel
5.2.2 Growing Integration of Digital Technology in MRO Industry
5.2.3 Rising Outsourcing Trends in the Aviation Industry
5.3 Market Restraints
5.3.1 OEMs Entering Aftermarket
5.4 Market Opportunities
5.4.1 Retrofitting of Older Aircraft Fleet
5.4.2 Increasing Adoption of Sustainable Aviation Fuel (SAF)
5.5 Future Trends
5.5.1 Blockchain Technology Changing MRO Landscape
5.6 Impact of Drivers and Restraints:
6. Aircraft MRO Market – North America Market Analysis
6.1 North America Aircraft MRO Market Revenue (US$ Million), 2020 – 2030
6.2 Aircraft MRO Market Forecast and Analysis
7. North America Aircraft MRO Market Analysis – Component
7.1 Overview
7.1.1 North America Aircraft MRO Market, By Component (2022 and 2030)
7.2 Engine MRO
7.2.1 Overview
7.2.2 Engine MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Avionics MRO
7.3.1 Overview
7.3.2 Avionics MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Airframe MRO
7.4.1 Overview
7.4.2 North America Airframe MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Cabin MRO
7.5.1 Overview
7.5.2 Cabin MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.6 Landing Gear MRO
7.6.1 Overview
7.6.2 Landing Gear MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. North America Aircraft MRO Market Analysis – Aircraft Type
8.1 Overview
8.1.1 North America Aircraft MRO Market, By Aircraft Type (2022 and 2030)
8.2 Fixed Wing
8.2.1 Overview
8.2.2 Fixed Wing Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Rotary Wing
8.3.1 Overview
8.3.2 Rotary Wing Market, Revenue and Forecast to 2030 (US$ Million)
9. North America Aircraft MRO Market Analysis – End User
9.1 Overview
9.1.1 North America Aircraft MRO Market, By End User (2022 and 2030)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Military
9.3.1 Overview
9.3.2 Military Market, Revenue and Forecast to 2030 (US$ Million)
10. North America Aircraft MRO Market - Country Analysis
10.1 North America
10.1.1 North America Aircraft MRO Market Revenue and Forecasts and Analysis - By Country
10.1.1.1 US Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 US Aircraft MRO Market Breakdown by Component
10.1.1.1.2 US Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.1.3 US Aircraft MRO Market Breakdown by End User
10.1.1.2 Canada Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Canada Aircraft MRO Market Breakdown by Component
10.1.1.2.2 Canada Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.2.3 Canada Aircraft MRO Market Breakdown by End User
10.1.1.3 Mexico Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Mexico Aircraft MRO Market Breakdown by Component
10.1.1.3.2 Mexico Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.3.3 Mexico Aircraft MRO Market Breakdown by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 AAR CORP
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Barnes Group Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 GE Aviation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 FLTechnics, UAB.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Turkish Technic Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Singapore Technologies Engineering Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Lufthansa Technik
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Delta TechOps
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Rolls-Royce Holdings Plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Collins Aerospace
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. North America Aircraft MRO Market Segmentation
Table 2. Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – Aircraft Type
Table 5. Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – End User
Table 6. US Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 7. US Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 8. US Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 9. Canada Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 10. Canada Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 11. Canada Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 12. Mexico Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 13. Mexico Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 14. Mexico Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
List of Figures
Figure 1. North America Aircraft MRO Market Segmentation, By Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Aircraft MRO Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Aircraft MRO Market Revenue (US$ Million), 2020 – 2030
Figure 6. Aircraft MRO Market Share (%) – Component, 2022 and 2030
Figure 7. Engine MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Avionics MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. North America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Cabin MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Landing Gear MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. North America Aircraft MRO Market Share (%) – Aircraft Type, 2022 and 2030
Figure 14. Fixed Wing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Rotary Wing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. North America Aircraft MRO Market Share (%) – End User, 2022 and 2030
Figure 17. Commercial Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Military Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. North America Aircraft MRO Market, by Key Country – Revenue (2022) (US$ Million)
Figure 20. North America Aircraft MRO Market Breakdown by Country (2022 and 2030)
Figure 21. US Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Canada Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Mexico Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
- AAR CORP
- Barnes Group Inc
- Collins Aerospace
- Delta TechOps
- FLTechnics, UAB.
- GE Aviation
- Lufthansa Technik
- Rolls-Royce Holdings Plc
- Singapore Technologies Engineering Ltd
- Turkish Technic Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America aircraft MRO market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America aircraft MRO market, as well as those hindering it.
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