Aircraft MRO: Global Market Size in 2013 and 2022 | Commercial, Military, and Business Aviation
As illustrated by the chart, in 2013 - worldwide, the largest aircraft MRO market was military aircraft MRO with a total estimated size of $60.7 billion.
Following close behind, the commercial aircraft MRO market is valued at $59.2 billion. The smallest aircraft MRO market is business aviation
with a size of $10.8 billion. Historically, the military aircraft MRO market was the biggest - well ahead of commercial aircraft MRO.
However, rapid growth in global commercial air transport, combined with decreasing defense budgets in Europe and the U.S., has closed the gap
between commercial and military aircraft MRO.
In 2013, the combined size of the three major aircraft MRO markets is estimated at $130.7 billion.
As illustrated, by 2022 - worldwide, the largest market will be commercial aircraft MRO with a total estimated size of $84.7 billion
vs. $59.2 billion in 2013 (+43.1%). By 2022, the military aircraft MRO market is expected to have a size of $62.5 billion, up only 3.0% from the 2013-level.
Growing at an average annual rate of 3.9% from 2013, the business aviation aircraft MRO market will grow to $15.4 billion
vs. $10.8 billion in 2013.
By 2022, the combined size of the three major aircraft MRO markets is estimated at $162.6 billion, up 24.4% from 2013 - equal to an average annual growth (CAGR) of 2.5%.