Latest News- Aircraft Engine MRO Market: Commercial aviation is expected to lead the Application segment during 2025-2029

The Aircraft Engine MRO Market is being driven by Increasing investments in MRO facilities

The Aircraft Engine MRO Market is expected to grow at a CAGR of 5.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11324.2 million. In the realm of aircraft engine Maintenance, Repair, and Overhaul (MRO), additive manufacturing, also known as 3D printing, is revolutionizing the industry. This cutting-edge technology employs digital three-dimensional design data to construct components in successive layers by depositing material. The aerospace sector is witnessing a surge in the adoption of this technique due to advancements in 3D printing, which provides components with diverse materials, including metals, polymers, and composites. This application extends beyond component manufacturing, reaching as far as producing cores and prototype tooling. Airline companies are embracing 3D-printed parts, even for their cabin interiors. For instance, Emirates, a leading airline, announced achieving a significant milestone in manufacturing video monitor shrouds using the selective laser sintering (SLS) technique. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Commercial aviation
  • Military aviation
  • General aviation
• Type
  • Turbofan and turbojet
  • Turboprop
• Geography
  • APAC
    • China
    • India
    • South Korea
  • Europe
    • Germany
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing investments in MRO facilities
• Technological advancements in aircraft engine maintenance technologies
• Increase in aircraft deliveries

However, the market also witnesses some limitations, which are as follows:

• Barriers to adoption of new technology and equipment in aircraft MRO
• Presence of diverse custom regulations for aircraft MRO
• Scarcity of skilled resources for aircraft MRO operations

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Market Scope in Aircraft Engine MRO Market Research Report

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Research Analysis Overview

The Aircraft Engine MRO (Maintenance, Repair, and Overhaul) market is experiencing significant growth due to increasing aviation activities, including passenger traffic and aircraft movements. Airlines and military forces require regular MRO support for their expanding fleets, driving demand for aircraft maintenance, repair, and overhaul services. Tier-II and Tier-III suppliers provide crucial components for next-generation engines, such as LEAP and turbine engines, used in passenger and cargo aircraft. Rapid urbanization and emerging countries contribute to rising air traffic volumes and aircraft utilization, leading to a need for a larger workforce to fill technical maintenance jobs. Labor force costs remain a critical consideration in the MRO industry.

Market Research Overview

The global aerospace and defense industry encompasses various sectors, including commercial and general aviation, defense, and space. This market involves the production of aerial platforms, defense systems, arms and ammunition, defense electronics, and space platforms. Additionally, it includes MRO activities for commercial and general aviation and defense sectors. The market size is determined by the combined revenue generated by manufacturers and providers for industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. Factors driving growth in this market include increasing passenger traffic, aircraft movements, fleet expansion plans, and defense funding from both civil aviation and military forces.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
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