Aerospace And Defense MRO Market To Reach $187.3 Billion By 2030

Aerospace And Defense MRO Market Growth & Trends

The global aerospace and defense MRO market size is expected to reach USD 187.3 billion by 2030, registering a CAGR of 5.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth of the aerospace and defense MRO industry is underpinned by expansions of aircraft fleets, rapid urbanization in emerging economies, an increased number of tourists worldwide, and the penetration of low-cost carriers (LCC).

The increasing defense expenditure of emerging economies such as China and India is driving investments in the modernization of equipment deployed in existing aircraft, primarily by incorporating them with new and sophisticated technologies. The rise in air passengers in commercial aircraft and freight traffic worldwide has led to a surge in aircraft fleet utilization, thereby augmenting the need for aircraft MRO services.

OEM and global third-party MRO companies operating have adopted advanced predictive and preventive aircraft maintenance technologies to digitize and automate their airframe maintenance activities to enhance the overall efficiency of the maintenance processes. The deployment of advanced technologies such as artificial intelligence and machine learning is expected to provide opportunities for firms to compete at the global level and reduce MRO expenses.

There is a presence of a large number of players with various MRO capabilities offering services both globally and regionally. The leading players are focusing on maintaining strategic relationships with aftermarket suppliers of aircraft parts to ensure uninterrupted MRO services. Moreover, declining market growth, leveling off outsourcing, and rising number of OEMs in the aftermarket have intensified the competitive rivalry in the MRO market.

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Aerospace And Defense MRO Market Report Highlights

• The engine segment captured the largest share of 40.7% in 2024, fueled by the critical importance of aircraft engines in ensuring safety, reliability, and performance. The line segment is poised to emerge as the fastest growing segment and is projected to grow at a CAGR of 6.6% over the forecast period.

• The narrow body aircraft segment accumulated the largest share of 52.3% in 2024, owing to its widespread use in commercial aviation. The wide body aircraft segment is poised to stand out as the fastest growing segment and capture a CAGR of 6.3% over the forecast period.

• The commercial aviation segment achieved the largest share of 70.7% in 2024, propelled by the steady growth of global air traffic and fleet expansion. The military aviation segment is anticipated to expand at a CAGR of 5.0% from 2025 to 2030.

• Asia Pacific aerospace and defense MRO market secured the largest market share of 30.8% in 2024, fueled by rapid economic growth, escalating defense budgets, and a rising number of commercial and military aircraft in service.

Aerospace And Defense MRO Market Segmentation

Grand View Research has segmented global aerospace and defense MRO market report on the basis of product, application, end-use, and region:

Aerospace And Defense MRO Product Outlook (Revenue,USD Million, 2018 - 2030)

• Engine

• Airframe

• Line

• Components

Aerospace And Defense MRO Application Outlook (Revenue, USD Million, 2018 - 2030)

• Narrow Body Aircraft

• Wide Body Aircraft

• Regional Aircraft

• Others

Aerospace And Defense MRO End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial Aviation

• Business & General Aviation

• Military Aviation

• Others

Aerospace And Defense MRO Regional Outlook (Revenue,USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • Indonesia

  • Malaysia

  • Singapore

• Latin America

  • Brazil

  • Argentina

• Middle East

  • Saudi Arabia

• Africa

List of Key Players in Aerospace And Defense MRO Market

• AAR Corporation

• SIA Engineering Company Ltd

• Embraer S.A.

• Air France KLM Group

• Raytheon Technologies Corporation

• Delta Air Lines, Inc

• General Dynamics Corporation

• MTU Aero Engines AG

• Lufthansa Technik

• Honeywell International Inc.

• Spirit AeroSystems, Inc.

• Turkish Technic Inc.

• Bombardier

• Rolls-Royce plc

• Hong Kong Aircraft Engineering Company Limited

• GE Aviation

• Boeing

• Airbus

• ST Engineering

• Magnetic MRO