Market Share of Southeast Asia Commercial Aircraft MRO Industry
The Southeast Asia commercial aircraft MRO market is semi-consolidated in nature, with few global and local players holding significant shares in the market. Some of the key players in the market are Singapore Technologies Engineering Ltd, Rolls-Royce PLC, Safran, AVIA SOLUTIONS GROUP PLC, and StandardAero. Key players in the market are highly investing in research and development and introducing advanced MRO solutions for commercial aircraft. For instance, in February 2022, SIA opened a new USD 9 million aircraft engine service (AES) facility in Singapore, which is custom-designed to perform at least 60 quick turns per year, with an additional 50% capacity to cope with a surge in demand. Similarly, in 2021, Subang Airport in Malaysia became the first airport in the Southeast Asian region to witness the development of an aircraft MRO facility through a collaboration between Malaysia Airports and homegrown global player Dviation Group of Companies. Moreover, the new facility offers end-to-end aftermarket services, including maintenance, repair, and overhaul (MRO), aircraft teardown, aircraft material recycling, and parts trading.
Southeast Asia Commercial Aircraft MRO Market Leaders
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StandardAero
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Safran
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Rolls-Royce plc
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Singapore Technologies Engineering Ltd
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AVIA SOLUTIONS GROUP PLC
*Disclaimer: Major Players sorted in no particular order
