Military Aviation MRO Market - Growth, Trends, and Forecast (2019 - 2024)

The Military Aviation MRO Market is segmented by MRO Type (Engine MRO, Components MRO, Interior MRO, Airframe MRO, Modifications MRO, and Field Maintenance), Aircraft Type (Fixed-wing Aircraft and Rotorcraft), and Geography.

Market Snapshot

Military Aviation MRO market over
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

North America

Key Players:

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Market Overview

The military aviation MRO market is anticipated to register a CAGR of over 6%, during the forecast period.

  • The need for increasing the time between overhaul and reducing the maintenance costs is demanding technological integration in the MRO activities, providing growth opportunities to the market.
  • The increasing number of military aircraft crashes has made the militaries to focus more on the periodic maintenance of the fleet. This, in turn, is helping the military aviation MRO to grow.
  • Technology advancement is rapid in the aviation sector. As countries try to maintain and modernize their fleet, several upgrade contracts are being signed with MRO facilities, which are propelling the growth of the military aviation MRO market.

 

Scope of the Report

MRO (maintenance, repair, and overhaul) includes all the services, which are conducted, in order to assure the safety and the airworthiness of the aircraft. MRO activities include routine check-ups of the aircraft, as well as a complete overhaul of the engine.

MRO Type
Engine MRO
Components MRO
Interior MRO
Airframe MRO
Modifications MRO
Field Maintenance
Aircraft Type
Fixed-wing Aircraft
Rotorcraft
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Qatar
Egypt
Rest of Middle East & Africa

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Key Market Trends

The Engine MRO Segment to Dominate the Market in the Years to Come

Engine MRO is an extremely important part of MRO and also the most expensive one. The increasing complexity of the engine parts and the increased number of military aircraft crashes, due to engine failures, have made the militaries to focus on frequent engine maintenance and periodic checks. Moreover, the engine is one of the components of the aircraft, which has to be maintained regularly irrespective of whether it is flying or on the ground. All these factors are expected to increase the revenues for the engine segment in the years to come, making this segment to register the fastest growth during the forecast period.

Military Aviation MRO market segm

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North America to Register the Highest CAGR During the Forecast Period

Currently, North America has the highest military aircraft fleet in the world, with the US having more than 13,000 military aircraft alone. The aging aircraft fleet of the country, coupled with various initiatives taken by the government to upgrade their military aircraft, is expected to be the key growth drivers for the North America region's market growth. The high military spending of the US may help the market in this regard. The US is planning to achieve 80% readiness rate for all military aircraft in the near future. Such initiatives are expected to propel the growth of MRO activities in the near future. Thus, the region is expected to show growth with the highest CAGR during the forecast period. 

Military Aviation MRO market geo

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Competitive Landscape

BAE Systems PLC, Elbit Systems Ltd, Saab AB, Lockheed Martin Corporation, and Pratt & Whitney are some of the major players in the market. The market is currently fragmented, with many local and global providers for MRO services around the world. Strategic partnerships between the players may help them gain more contracts, and thereby expand their reach to the untapped markets in the long run. Technological integration may be helpful for the players to attract new customers by reducing their maintenance costs. As most of the MRO contracts are of the long term, it is a time taking process for new players to establish themselves in the market by competing with the existing ones. 

Major Players

  1. BAE Systems PLC
  2. Elbit Systems Ltd
  3. Saab AB
  4. Lockheed Martin Corporation
  5. Pratt & Whitney

* Complete list of players covered available in the table of contents below

Military Aviation MRO market CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 MRO Type

      1. 5.1.1 Engine MRO

      2. 5.1.2 Components MRO

      3. 5.1.3 Interior MRO

      4. 5.1.4 Airframe MRO

      5. 5.1.5 Modifications MRO

      6. 5.1.6 Field Maintenance

    2. 5.2 Aircraft Type

      1. 5.2.1 Fixed-wing Aircraft

      2. 5.2.2 Rotorcraft

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Mexico

        2. 5.3.4.2 Brazil

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Qatar

        4. 5.3.5.4 Egypt

        5. 5.3.5.5 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 The Boeing Company

      2. 6.4.2 BAE Systems PLC

      3. 6.4.3 Elbit Systems Ltd

      4. 6.4.4 Saab AB

      5. 6.4.5 Lockheed Martin Corporation

      6. 6.4.6 General Atomics

      7. 6.4.7 Northrop Grumman Corporation

      8. 6.4.8 Safran SA

      9. 6.4.9 Pratt & Whitney

      10. 6.4.10 Rolls Royce PLC

      11. 6.4.11 AAR Corporation

      12. 6.4.12 StandardAero*

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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