Aerospace & Defense MRO Market Worth
$161.60 Billion By 2025
The global aerospace & defense maintenance, repair & overhaul market size is anticipated to reach USD 161.60 billion
until 2025. It is anticipated to register growth with 5.4% CAGR during the forecasted period, 2019 to 2025. This growth
can be associated with increasing air traffic along with need for regular maintenance of aircrafts.
The Narrow body aircraft dominated global market on account of surging usage of these aircraft owing to their features
like low-operational costs and higher fuel efficiency. The segment of wide body aircraft is anticipated to show moderate
growth from 2019 to 2025 due to more average life as compared to other types.
The commercial aviation segment held largest share across the aerospace & defense MRO market and is expected to
witness 5.8% CAGR in the upcoming years on account of the rising number of airline fleets to accommodate surging
cargo and passenger traffic. On the other hand, rising military spending for the purchase of advanced aircraft is also
gaining traction thereby driving the demand for MRO services for aircraft.
North America held largest share across the global market in 2018 due toan increase in military spending coupled with
surging passenger traffic. Asia Pacific is anticipated to witness highest CAGR of 8.8% from 2019 to 2025 owing to the
shifting trend of MRO activities from Europe and North America on account of low labor costs.
The market for aerospace & defense MRO includes key players such as GE Aviation, Boeing Company, Honeywell
Aerospace, Bombardier Inc., and Airbus SAS. They are implementing several marketing strategies like mergers and
acquisitions to gain competitive advantage and widen their global reach.
Request Sample Copy of This Market Research @
“The global aerospace & defense maintenance, repair &