Air Transport MRO Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: AM 30967 Report Format: PDF + Excel (Delivery in 48 Hrs)
The Global market for air transport MRO systems is forecast to reach $9.2 billion by 2025, growing at a CAGR of 8.6% from 2020 to 2025. The market growth is attributed to the factors such as growing air travelling passengers, technological advancements, government rules and regulations and  others boosts the market growth.

Report Coverage
The report: “Air transport MRO systems market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the air transport MRO systems market. 

By Type: Engine, Line, Airframes, component and others
By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Regional Jet, Turbo prop and others.
By Service Type: Heavy Maintenance Inspection, Engine Service Check, Component Maintenance, Line Maintenance, Avionic Standardization, and Aircraft Conversions
By Application type: Commercial Air Transport, Business and General Aviation, and Military Aviation
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), and ROW (Middle East and Africa)

Key Takeaways
  • The worldwide demand for MRO air transport by application is dominated by the commercial group. Commercial aviation firms are conducting major efforts to sustain their aircraft fleets due to the need for fuel efficiency and customer and aircraft health.
  • APAC region is anticipated to dominate the global air transport MRO systems market in the forecast period 2020-2025 owing to growing investments, technological developments, strategic collaborations and others.

By Type- Segment Analysis
Engine segment held the highest market share of air transport MRO systems in 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025. Growing aviation activities in both developing and devolving countries is a major factor projected to raise demand for MRO aircraft fuel. In recent years, many new MRO service centres have been established in different countries, which in effect raises the exposure of national companies to the global MRO sector for aircraft engines. Global contacts between different countries have also expanded the deployment of freight aircraft, and adequate aircraft repairs or tests must be organized to ensure standard of service and healthy air travelForeign exchange between various countries has also increased freight aircraft deployment, and it is necessary to coordinate appropriate aircraft maintenance or checks to ensure quality in performance and secure air travel . Such trends are estimated to boost development in the global MRO aircraft engine market. Furthermore, growing advancements in the aerospace sector and increasing demand for next-generation engines are another additional factor projected to fuel the market growth. In addition, straight-forward policy restrictions on aircraft and the need for regular servicing of engine parts and engines is another aspect driving the development of the global MRO aircraft engine industry.

By Aircraft Type- Segment Analysis 
Air transport MRO systems market is segmented into Narrow Body Aircraft, Wide Body Aircraft, Regional Jet, Turbo prop and others. The narrow body aircraft type segment held the highest market share in 2019.  The market growth is owing to factors such as increased range and efficiency, lowest fuel burn and others. Narrow body aircraft provide improved range and performance due to which it has gained popularity in the market that was , enabling them to succeed in a market previously occupiedpopulated by wide body aircraftjetliners.   The A321LR has a range of 7,400 km, whereas the 737 MAX is still capable of covering comparable ranges. Previously, it was only feasible for wide body aircraft to fly these lengths, but the success of these modern narrow body aircraft on long-haul routes is a game changer. According to estimates from the International Air Transport Association, each new generation of aircraft is capable of rising fuel consumption by approximately 20 per cent% and this has ensured that narrow body aircraft have become increasingly feasible on long-distance routes. Small fuel usage by narrow-gauge aircraft will often result in cost reductions, which can then be passed on to lower fare passengers.  Consequently all these factors leverages appositive impact on the market growth.

Geography - Segment Analysis
APAC region held the highest market share in 2019 and is anticipated to have the significant market growth during the forecast period 2020-2025. The market growth is owing to increasing passenger traffic, increase in the penetration and expansion of low-cost carriers, technical advancements and others. According to the study of the International Air Transport Association, China is the largest revenue contributor to the global aviation industry with a very strong growth pace that will further fuel the MRO market. While air traffic rising, Asia Pacific business leaders are preparing to develop new facilities and services that will fuel competition for the MRO industry. The recent occurrence of the Covid-19 pandemic and subsequent lockdowns prompted a variety of international airlines and general airline operators in the area to land their aircraft, which is likely to raise the need for grounded aircraft for MRO operations, because the airline will ensure the airworthiness of its aircraft fleet. In March 2020, Aviage Systems was offered a three-year deal to offer avionics MRO services to the Boeing 787s Hainan Airlines fleet. The deal refers to the review, maintenance and redesign of the incorporated composite avionics modules of the Boeing 787. Such contracts tends to drive the market growth.

Drivers – Air transport MRO systems market 
Growing air travelling passengers
Air travel passengers are growing on a regular basis around the globe, largely due to the development of more than 700 routes for greater connectivity. This rise poses major issues for the government to have sufficient facilities, technologies and utilities to support this development and to insure that laws and taxes will not become a constraining factor. This growth in passenger traffic drive the aviation market, in turn, leading to the growth of air transport MRO market.

Challenges – Air transport MRO systems market
Lack of skilled personnel
Lack of skilled professional factor is expected to hamper global air transport MRO market. Lack of expertise could raise airline maintenance costs and increase the turnaround times for scheduled maintenance.

Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the air transport MRO systems market. As of 2019, the market for air transport MRO systems market is consolidated with the top players including Collins Aerospace., GE Aviation, Israel Aerospace Industries (IAI), United Technologies Corporation (Pratt and Whitney division), AAR Corporation, Deutsche Lufthansa AG, John Swire & Sons (H.K.) Ltd., TIMCO Aviation Services, Inc., Delta TechOps, and Airbus S.A.S. and among others.

Acquisitions/Technology Launches/Partnerships
  • In February 2020, SITA and key industry partners launch MRO block-chain alliance. The partnership will conduct a proof of concept to illustrate the usage of block-chain for remote monitoring and documenting the transport and repair background of pieces through a broad variety of participants. Those comprise carriers, landlords, original equipment manufacturers (OEMs) such as turbine makers, distribution vendors and repair companies.
  • In 31 March, SIAEC and low-cost carrier NokScoot formed a new Line Maintenance Joint Venture (JV) to support Boeing 777-200s and fleet expansion plans. The proposed JV would have a declared capital base of approximately $ 2 million, with NokScoot owning 51 per cent and SIAEC having the remaining 49 per cent.
1. Air Transport MRO Market - Overview
        1.1 Definitions and Scope
2. Air Transport MRO Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Air Transport MRO Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Air Transport MRO Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Air Transport MRO Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Air Transport MRO Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Air Transport MRO Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Air Transport MRO Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Air Transport MRO Market - By Aircraft Type(Market Size -$Million / $Billion)
9.1 Narrow Body Aircraft
9.2 Wide Body Aircraft
9.3 Regional Jet
9.4 Turboprop
10. Air Transport MRO - By Application Type(Market Size -$Million / $Billion)
10.1 Airframe
10.2 Engine
10.3 Component
10.4 Line
11. Air Transport MRO- By Geography (Market Size -$Million / $Billion)
        11.1 Air Transport MRO Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Air Transport MRO- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Air Transport MRO- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Air Transport MRO - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Air Transport MRO - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Air Transport MRO Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Air Transport MRO Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Air Transport MRO Market - Key Company List by Country Premium
15. Air Transport MRO Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 AAR Corporation
15.3 Aeroman
15.4 Airbus SAS
15.5 Delta TechOps
15.6 Guangzhou Aircraft Maintenance Engineering Company Limited
15.7 HAECO Ltd.
15.8 KLM Engineering & Maintenance
15.9 Lufthansa Technik AG
15.10 Sabena Technics
15.11 SIA Engineering Company (SIAEC)
15.12 Singapore Technologies Engineering Ltd
15.13 Turkish Technic Inc.
15.14 Company 13
15.15 Company 14 & More
*Financials would be provided on a best efforts basis for private companies
16. Air Transport MRO Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Air Transport MRO Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Air Transport MRO Market Size 2018
2 Canada Air Transport MRO Market Share 2018
3 Brazil Air Transport MRO Market Outlook 2019 - 2023
4 Mexico Air Transport MRO Market Research 2018
5 Germany Air Transport MRO Market Trends 2019 - 2023 
6 France Air Transport MRO Market Growth 2019 - 2023 
7 UK Air Transport MRO Market Demand 2019 - 2023 
8 Italy Air Transport MRO Market Segmentation 2018
9 Russia Air Transport MRO Market Analysis 2019 - 2023
10 China Air Transport MRO Market Revenue 2019 - 2023
11 Japan Air Transport MRO Market Volume 2019 - 2023
12 South Korea Air Transport MRO Market Potential 2019 - 2023
13 India Air Transport MRO Market Leaders 2018
14 Saudi Arabia Air Transport MRO Market Forecast 2019 - 2023 
15 Kuwait Air Transport MRO Market Value 2018

List of Figures

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