Aircraft Maintenance Market Report 2025

The aircraft maintenance market size has grown strongly in recent years. It will grow from $46.13 billion in 2024 to $48.46 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to lifecycle extension of aircraft, emphasis on safety, outsourcing maintenance services, shift to predictive maintenance, rise of commercial aviation.

The aircraft maintenance market size is expected to see strong growth in the next few years. It will grow to $59.43 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to fleet expansion, regulatory changes, transition to predictive maintenance, rise in low-cost carriers, outsourcing trends. Major trends in the forecast period include adoption of predictive maintenance, use of advanced technologies, focus on cost-efficiency, transition to digital records, outsourcing maintenance services.

The growing number of air passengers is anticipated to enhance the growth of the aircraft maintenance market in the coming years. An air passenger is an individual or entity primarily engaged in the transportation of people via aircraft in interstate commerce. Continuous aircraft maintenance is vital for ensuring the safety of all onboard, especially passengers, making their safety the top priority for aircraft owners. For instance, in October 2024, Eurostat, a Luxembourg-based statistical agency of the European Union, reported that in the first quarter of 2.02 trillion air passengers were transported across the EU, indicating an 11.5% increase compared to the same period in 2023. Consequently, the rising number of air passengers is driving the growth of the aircraft maintenance market.

The escalating global demand for aircraft is expected to stimulate the growth of the aircraft maintenance market in the future. An aircraft is defined as a vehicle capable of flight by obtaining support from the air, countering gravity through static lift, dynamic lift from an airfoil, or in some cases, direct downward thrust from its engines. Aircraft maintenance is crucial for ensuring the proper operation of aircraft, meeting safety regulations, and ensuring customer satisfaction. For example, in January 2024, Airbus, a Netherlands-based aerospace manufacturer, announced that it delivered 735 commercial aircraft to 87 customers worldwide in 2023, reflecting an 11% growth compared to 2022. Therefore, the increasing global demand for aircraft is driving the expansion of the aircraft maintenance market.

Technological innovation emerges as a pivotal trend shaping the aircraft maintenance landscape, with major industry players concentrating on developing cutting-edge solutions to bolster their market foothold. In November 2022, Cirium, a UK-based data and analytics provider for aviation and travel industries, introduced a groundbreaking innovation - the first phase of satellite-based aircraft maintenance tracking in the aviation sector. This technology revolutionizes the identification of aircraft transitions and informs strategic allocation of maintenance and replacement part budgets by technicians or owners. The Ascend Profiles User Interface (UI) by Cirium offers insights into aircraft intelligence, encompassing features such as 'Ground Events,' enabling comprehensive monitoring of an aircraft's status, maintenance, upgrades, or service, thereby enhancing maintenance strategies for airlines and lessors. This innovation signifies a leap forward in leveraging satellite-based technology for aircraft maintenance tracking, revolutionizing the industry's operational efficiency.

Prominent entities within the aircraft maintenance market are concentrating on introducing cutting-edge solutions, particularly predictive maintenance systems tailored for executive jets, to attain a competitive advantage. These predictive maintenance systems leverage advanced analytics and real-time monitoring to forecast maintenance requirements in advance, ensuring optimal aircraft condition and mitigating unexpected failures. In a significant development in June 2023, Embraer Services & Support, a Brazil-based aerospace corporation, unveiled an enhanced iteration of its Aircraft Health Analysis and Diagnosis (AHEAD) system. This next-generation system offers proactive monitoring capabilities enabling airlines and clients to preemptively identify potential maintenance issues before they escalate or cause critical disruptions. Specifically designed for Embraer’s Executive Jet (E-Jet) fleets, AHEAD amalgamates and scrutinizes data from various systems encompassing engine parameters, pneumatics, hydraulics, landing gear, navigation, and instruments. By discerning anomalies and recognizing patterns indicative of potential issues or system degradation, the system proffers precise timelines for addressing these concerns, enhancing overall maintenance efficacy.

In September 2022, Modern Aviation, a US-based aviation services provider catering to the general aviation community, successfully acquired Elliott Aviation, a diversified aviation services company in the United States. Through this acquisition, Modern Aviation now extends its suite of contemporary aviation services for the first time into the Midwest region, enhancing accessibility for its clientele. Elliott Aviation boasts a diverse portfolio offering avionics, maintenance, parts, paint and interiors, accessories, and Fixed-Base Operator (FBO) services, fortifying Modern Aviation’s comprehensive service provision within the aviation industry. This strategic acquisition enables Modern Aviation to broaden its geographical reach and amplify its offerings in the general aviation sector, benefiting a wider customer base with an expanded spectrum of services.

Major companies operating in the aircraft maintenance market include General Electric Aerospace, Lufthansa Technik AG, AAR Corp., Delta TechOps, Singapore Technologies Engineering Ltd, Rolls-Royce Limited, MTU Maintenance Hannover GmbH, Hong Kong Aircraft Engineering Co. Ltd., Aviation Technical Services Inc., Boeing Company, Bombardier Inc., British Airways Engineering, SIA Engineering Company, Safran Aircraft Engines, Pratt & Whitney, Honeywell International, GMF AeroAsia, Airbus SE, Air France KLM Engineering & Maintenance, Raytheon Technologies Corporation, TAP Maintenance & Engineering, Air India Engineering Services Limited, Emirates Engineering, StandardAero, Avia Solutions Group Public Limited Company, Flightstar Aircraft Services, Jet Aviation, Turkish Technic, Mexicana Aerospace.

Asia-Pacific was the largest region in the aircraft maintenance market in 2024. The regions covered in the aircraft maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft maintenance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aircraft maintenance encompasses tasks essential for the upkeep, overhaul, repair, or modification of an aircraft or its components. These tasks are conducted at facilities equipped with skilled personnel and necessary equipment, ensuring quick access to required parts.

The primary types of aircraft maintenance services include engine overhaul, line maintenance, modifications, and components, including the auxiliary power unit (APU). These services are applicable to both narrow-body and wide-body aircraft. Engine overhaul involves disassembling the existing engine and installing new internal components. Key players in this sector include independent Maintenance, Repair, and Overhaul (MRO) providers, original equipment manufacturers (OEMs), and others. The primary end-users of these services are commercial and military aircraft operators.

The aircraft maintenance market research report is one of a series of new reports that provides aircraft maintenance market statistics, including aircraft maintenance industry global market size, regional shares, competitors with an aircraft maintenance market share, detailed aircraft maintenance market segments, market trends and opportunities and any further data you may need to thrive in the aircraft maintenance industry. This aircraft maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft maintenance market includes revenues earned by entities by providing services like overall inspections of the aircraft's interior and hull for indications of damage, deflections, corrosion, missing information, pre-flight inspections, daily fluid verifications (before the first flight), failed rectifications and minor failures. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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