Aircraft MRO Market Size and Growth by 2031: A Comprehensive Market-Oriented Report
The Aircraft MRO (Maintenance, Repair, and Overhaul) Market is poised for significant growth, driven by the rising demand for air travel, increasing fleet sizes, Airframe MRO and stringent regulatory requirements for aircraft safety and maintenance. This market-oriented report delves into the current landscape, growth drivers, key trends, and future outlook of the aircraft MRO market through 2031. Market Overview The global aircraft MRO market was valued at approximately USD 82 billion in 2023 and is projected to reach around USD 142 billion by 2031 , expanding at a healthy CAGR of about 7.2% during the forecast period (2023-2031). The growth is largely fueled by the increasing number of commercial aircraft, the rise in defense budgets, and the ongoing need to maintain older aircraft fleets. Key Growth Drivers 1. Surge in Air Passenger Traffic : With the post-pandemic recovery of the aviation industry, passenger air traffic is re...