Global Military Aviation MRO Market Size By Service Type, By Aircraft Type, By Type of Contract, By Geographic Scope And Forecast

Report ID: 388201|No. of Pages: 202

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Global Military Aviation MRO Market Size By Service Type, By Aircraft Type, By Type of Contract, By Geographic Scope And Forecast

Report ID: 388201|Published Date: Feb 2024|No. of Pages: 202|Base Year for Estimate: 2023|Format:   Report available in PDF formatReport available in Excel Format

Military Aviation MRO Market Size And Forecast

Military Aviation MRO Market size was valued at USD 35.95 Billion in 2023 and is projected to reach USD 47.55 Billion by 2030, growing at a CAGR of 2.87% during the forecast period 2024-2030.

Military Aviation MRO Market is estimated to grow at a CAGR of 2.87% & reach US$ 47.55 Bn by the end of 2030

Global Military Aviation MRO Market Drivers

The market drivers for the Military Aviation MRO Market can be influenced by various factors. These may include:

  • Aging Military Aircraft Fleet: To maintain operational readiness and safety, several nations throughout the world have aging military aircraft fleets that need to be regularly maintained and upgraded. There is a growing need for MRO services as these aircraft get older.
  • Budget Allocations: The military aircraft MRO business is mostly driven by government defense spending. A change in defense budget may have an effect on the money available for military aircraft maintenance and modernization.
  • Operational Requirements: To maintain the aircraft’s continuous dependability and efficiency in combat, military operations and deployments require routine maintenance, repair, and overhaul.
  • Technological breakthroughs: The necessity for MRO services to upgrade old aircraft with the newest technology is driven by the integration of improved avionics, sensors, and weapon systems, among other technological breakthroughs in aviation.
  • Regulatory Compliance: To maintain compliance, military aircraft must go through routine maintenance and inspections in accordance with the strict regulations and safety standards enforced by aviation authorities. The demand for MRO services is fueled by this.
  • Global Geopolitical Dynamics: Shifts in security risks and geopolitical dynamics may result in more military action and a need for greater readiness, which will raise demand for MRO services to keep airplanes in operational condition.
  • Transition to Performance-Based Logistics (PBL): A lot of military groups are implementing PBL contracts, which give MRO service providers the authority to guarantee aircraft performance and readiness in order to reward cost- and efficiency-effective maintenance operations.
  • Environmental Concerns: The need for MRO services that concentrate on modernizing aircraft engines and systems to be more fuel-efficient and environmentally friendly may be driven by the growing emphasis on environmental sustainability and emissions reduction.

Global Military Aviation MRO Market Restraints

Several factors can act as restraints or challenges for the Military Aviation MRO Market. These may include:

  • Budgetary Restrictions: Spending on MRO activities may be limited in certain nations due to limited defense expenditures or budget cuts, which may cause maintenance to be postponed and the need for MRO services to decline.
  • High Costs of MRO Services: Particularly for defense organizations with limited resources, the high cost of manpower, spare parts, and specialized equipment related to military aviation MRO services can make maintenance operations more expensive.
  • The complexity of Regulatory Compliance: Complying with strict certification criteria and regulatory requirements for the maintenance of military aircraft can be difficult and time-consuming, which can cause delays and higher expenses for defense organizations and MRO suppliers.
  • Dependency on OEMs (Original Equipment Manufacturers): Due to the proprietary nature of many military aircraft platforms, maintenance and repair frequently call for specific skills, equipment, and replacement parts that are under OEM control. Reliance on OEMs may reduce MRO market competition and flexibility.
  • Technology Obsolescence: As a result of rapid improvements in aviation technology, some aircraft platforms may become obsolete. This will decrease the need for MRO services for older aircraft models and force MRO companies to invest in new capabilities and skill sets.
  • Protection of Intellectual Property and Security Issues: Managing sensitive technologies and data is a part of military aviation maintenance and repair (MRO). This can give rise to worries about espionage, cybersecurity risks, and intellectual property protection, which can result in operational and regulatory difficulties.
  • Global Economic Uncertainty: Defense spending and investments in military aviation maintenance, repair, and overhaul (MRO) can be impacted by economic downturns, geopolitical conflicts, and trade disputes. This can result in shifting demand and revenue for MRO providers.
  • Disruptions in the global supply chain can affect operational preparedness and the timely delivery of maintenance and repair services. Examples of these disruptions include shortages of essential spare parts, logistical difficulties, or geopolitical unrest in important areas.

Global Military Aviation MRO Market Segmentation Analysis

The Global Military Aviation MRO Market is Segmented on the basis of Service Type, Aircraft Type, Type of Contract, And Geography.

Military Aviation MRO Market Segmentation Analysis

Military Aviation MRO Market, By Service Type

  • Airframe Maintenance, Repair, and Overhaul: This category covers services for upkeep, repair, and overhaul of the fuselage, wings, landing gear, and control surfaces of military aircraft.
  • Engine Maintenance, Repair, and Overhaul (MRO): Gas turbines, turbofans, turboprops, and turboshafts are among the aviation engines that fall under the category of engine maintenance, repair, and overhaul (MRO) services.
  • Component Maintenance, Repair, and Overhaul (CMRO): CMRO services include individual system and component repair, maintenance, and overhaul. Examples of these services include landing gear assemblies, avionics, hydraulics, and electrical systems.

Military Aviation MRO Market, By Aircraft Type

  • Fixed-Wing Aircraft MRO: This section deals with MRO services for fixed-wing military aircraft, such as bomber, transport, fighter, and reconnaissance aircraft.
  • Rotary-Wing Aircraft MRO: MRO services for rotary-wing aircraft, such as helicopters and tilt rotors, are the main emphasis of this section. These aircraft are employed for a variety of military missions, including combat support, transport, reconnaissance, and search and rescue.
  • Unmanned Aerial Vehicle (UAV) MRO: UAV MRO services cover the upkeep, repair, and overhaul of unmanned aerial vehicles (UAVs) employed in military operations, such as armed, surveillance, and reconnaissance drones.

Military Aviation MRO Market, By Type of Contract

  • Performance-Based Logistics (PBL): Under MRO contracts, the service provider is in charge of guaranteeing the military aircraft’s operational readiness and performance by predetermined metrics and outcomes.
  • Time and Materials (T&M): MRO services are rendered under T&M contracts according to the amount of time and materials consumed; labor costs are usually calculated on an hourly basis, while expenses for consumables and spare parts are incurred.

Military Aviation MRO Market, By Geography

  • North America: The MRO services offered to military aircraft assets in North American nations, including the United States and Canada, are included in this segment.
  • Europe: MRO services for military aviation assets in European nations, such as NATO members and other European defense organizations, are covered in this section.
  • Asia-Pacific: This section covers maintenance, repair, and overhaul (MRO) services offered to military aircraft assets in the region, which includes South Korea, Australia, China, India, Japan, and South Korea.
  • Middle East & Africa: With substantial defense spending and military aviation capabilities, the Middle East and Africa are included in this market for MRO services offered to military aircraft assets.

Key Players

The major players in the Military Aviation MRO Market are:

  • Lockheed Martin Corporation
  • Boeing Company
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • L3Harris Technologies, Inc.
  • General Dynamics Corporation
  • BAE Systems plc
  • Airbus SE
  • SAAB AB
  • Leonardo S.p.A.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Lockheed Martin Corporation, Boeing Company, Northrop Grumman Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., General Dynamics Corporation, BAE Systems plc, Airbus SE, SAAB AB, Leonardo S.p.A.

SEGMENTS COVERED

By Service Type, By Aircraft Type, By Type of Contract, And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
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Frequently Asked Questions

Military Aviation MRO Market was valued at USD 35.95 Billion in 2023 and is projected to reach USD 47.55 Billion by 2030, growing at a CAGR of 2.87% during the forecast period 2024-2030.

Key drivers for the Military Aviation MRO Market Increasing defense budgets, technological advancements, aging fleets, demand for mission readiness, geopolitical tensions, and focus on safety and efficiency.

The major players are Lockheed Martin Corporation, Boeing Company, Northrop Grumman Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., General Dynamics Corporation, BAE Systems plc, Airbus SE, SAAB AB, Leonardo S.p.A.

The Global Military Aviation MRO Market is Segmented on Service Type, Aircraft Type, Type of Contract, And Geography

The sample report for the Military Aviation MRO Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Military Aviation MRO Market, By Service Type
• Airframe Maintenance, Repair, and Overhaul
• Engine Maintenance, Repair, and Overhaul (MRO)
• Component Maintenance, Repair, and Overhaul (CMRO)

5. Military Aviation MRO Market, By Aircraft Type
• Fixed-Wing Aircraft MRO
• Rotary-Wing Aircraft MRO
• Unmanned Aerial Vehicle (UAV) MRO

6. Military Aviation MRO Market, By Type of Contract
• Performance-Based Logistics (PBL)
• Time and Materials (T&M)

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles
• Lockheed Martin Corporation
• Boeing Company
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• L3Harris Technologies, Inc.
• General Dynamics Corporation
• BAE Systems plc
• Airbus SE
• SAAB AB
• Leonardo S.p.A.

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Military Aviation MRO Market

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