Aircraft Engine MRO Market SWOT Analysis and Growth Projections
The Aircraft Engine MRO Market size is projected to reach US$ 64.50 billion by 2031 from US$ 39.21 billion in 2023. The market is expected to register a CAGR of 6.4% in 2023–2031. The increasing demand for fuel-efficient aircraft is likely to remain a key aircraft engine MRO market trend.
Airports worldwide have various types of engine MRO facilities. Commonly, the maintenance is done on the aircraft’s airframe or the engine. Engine MRO services also include MRO of components nowadays. Depending on the service type, these services are provided at the airport and, sometimes, at off-airport facilities. Activities, such as routine inspections, regular troubleshooting, or day-to-day engine checks can be done when the aircraft is parked in the air terminal.
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Top Key Major Players:-
- Delta Airlines, Inc.
- GE Aviation
- CFM International
- Lufthansa Technik
- MTU Aero Engines AG
- SIA Engineering Company
- Sigma Aerospace
- Safran S.A.
- Raytheon Technologies Corporation
- RollsRoyce PLC
