Aircraft Parts MRO Market Valued at USD 97.1 Billion in 2024 to Reach USD 130 Billion by 2035

The Aircraft Parts Manufacturing, Repair and Maintenance Market was valued at 97.1 billion USD in 2024. It is anticipated that the Aircraft Parts Manufacturing, Repair and Maintenance Market will expand from 99.7 billion USD in 2025 to 130 billion USD by 2035. During the forecast period from 2025 to 2035, the expected CAGR (growth rate) for the Aircraft Parts Manufacturing, Repair, and Maintenance Market is approximately 2.7%. 

Among the key growth factors, the relentless recovery and expansion of global air travel stand out as the most potent driver. Airlines are expanding fleets to meet both passenger and cargo demand, compelling service providers and parts manufacturers to scale up operations in tandem. Regulatory mandates and safety standards also exert strong influence: compliance requirements force airlines to upgrade, service, or replace components proactively, thereby fueling the maintenance and repair side of the business. Technological breakthroughs are another force multiplier. The adoption of additive manufacturing (3D printing), predictive maintenance algorithms, digital twins, and automation helps reduce lead times, cut waste, and optimize part lifecycles. Concurrently, material innovations—particularly the substitution of traditional metals with lighter composites and plastics—are reshaping how parts are designed, produced, and serviced.  

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In terms of notable trends, the increasing importance of the aftermarket and MRO services segment is one to watch. Airlines are shifting from reactive to proactive maintenance strategies and seeking integrated service contracts that bundle parts supply with scheduled upkeep. There is also a pronounced push toward collaborative ecosystems, with manufacturers, airlines, MRO providers, and technology firms forging partnerships to enhance supply chain resilience and data sharing. Furthermore, sustainable aviation is emerging as a crosscutting trend: lower-emission parts, recyclable materials, and energy-efficient processes are gaining priority as environmental pressures escalate.  

Despite these positive trajectories, there remain key challenges and opportunities within the sector. On one hand, the shortage of skilled aerospace engineers and technicians can hamper scaling of maintenance capacities. Elevated volatility in raw-material prices, particularly for metals and advanced composites, imposes cost risk on manufacturers. Evolving regulatory frameworks across different jurisdictions may require continuous adaptation. On the opportunity front, smaller MRO players or component specialists can find niches in regional markets or specialized services such as engine overhauls, avionics retrofits, or lightweight composite repairs. The surge in low-cost carriers in emerging economies also opens demand for more cost-effective parts and maintenance services tailored to those fleets. 

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Key Companies in the Global Aircraft Parts Manufacturing, Repair and Maintenance Market include: 

• Raytheon Technologies 
• Rockwell Collins 
• RollsRoyce 
• Airbus 
• Thales Group 
• Boeing 
• Magellan Aerospace 
• United Technologies 
• Northrop Grumman 
• L3Harris Technologies 
• Honeywell 
• Safran 
• General Electric 
• Pratt & Whitney 
• Spirit AeroSystems 
• MTU Aero Engines 

Looking ahead to the future outlook, the aircraft parts manufacturing, repair, and maintenance market is poised for a disciplined but steady climb toward 2032. The projected expansion is anchored by increasing air travel, deeper adoption of digital and predictive maintenance tools, and stakeholder collaboration to manage costs and efficiencies. Regions such as Asia-Pacific, with rapidly expanding airline fleets, are likely to see disproportionately high growth rates relative to mature markets in North America and Europe. As sustainability imperatives intensify, manufacturers that invest in greener materials, modular designs, and circular-economy principles will be better positioned to compete. In sum, this market is navigating a transition: while volume growth may not be explosive, the depth of innovation, service integration, and regulatory alignment will define winners in the coming decade. 

With its blend of technical complexity, regulatory oversight, and strategic importance to aviation safety and economics, the aircraft parts manufacturing, repair, and maintenance sector remains a cornerstone of global aerospace infrastructure. Its long-term health depends on agility, collaboration, and forward-looking investment. 

Table of Contents 

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS 

SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE 

SECTION III: QUALITATIVE ANALYSIS 

SECTION IV: QUANTITATIVE ANALYSIS 

SECTION V: COMPETITIVE ANALYSIS ........ 

Explore our Global Report in Regional Languages 

航空機部品の製造・修理・メンテナンス市場 | Markt für die Herstellung, Reparatur und Wartung von Flugzeugteilen   | Marché de la fabrication, de la réparation et de la maintenance de pièces d'aéronefs | 항공기 부품 제조, 수리 및 유지 보수 시장 | 飞机零部件制造、维修和保养市场 | Mercado de fabricación, reparación y mantenimiento de piezas de aeronaves 

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