Global Aerospace MRO

Key Highlights

• Aerospace MRO refers to the maintenance, repair, and overhaul of an aircraft or its parts. It includes all the actions that have the objective of retaining or restoring the items or components of an aircraft.
• The global aerospace MRO market had total revenues of $94.26 billion in 2023, representing a negative compound annual growth rate (CAGR) of 2.9% between 2018 and 2023.
• The civil aerospace segment accounted for the market's largest proportion in 2023, with total revenues of $72.37 billion, equivalent to 76.8% of the market's overall value.
• The global aerospace MRO market experiences robust growth driven by several interconnected factors, such as increasing defense spending, aging aircraft fleets, and stringent regulatory requirements. The upswing in defense spending enhances the need for MRO in military aviation assets, highlighting the market's resilience. For instance, according to the analyst, global government spending in the defense sector stood at $2.22 trillion in 2023, an increase of 4.4% from the previous year.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the aerospace mro market in the global
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global aerospace mro market
• Leading company profiles reveal details of key aerospace mro market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Global aerospace mro market with five year forecasts

Reasons to Buy

• What was the size of the Global aerospace mro market by value in 2023?
• What will be the size of the Global aerospace mro market in 2028?
• What factors are affecting the strength of competition in the Global aerospace mro market?
• How has the market performed over the last five years?
• What are the main segments that make up the global's aerospace mro market?