Aircraft MRO (maintenance, repair and overhaul) is an essential element of the global aviation industry. This is where aircraft are inspected, repaired, rebuilt, and refreshed. It’s also where engines are serviced, checked, and have critical parts replaced.
According to Grand View Research, the MRO market was valued at $79 billion in 2022 and is projected to grow at a rate of 5% through 2030, to reach a revenue forecast of $119 billion. The biggest share of this will be in engine overhaul, with significant growth in this market expected as the global aircraft fleet continues to expand.