Aircraft MRO Market Size, Share, Growth Analysis, By Service Type(Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification), By Organization Type(Airline/Operator MRO, Independent MRO, Original Equipment Manufacturer (OEM) MRO), By Aircraft Type(Narrow-body, Wide-body, Regional Jet, Others), By Aircraft Generation(Old Generation, Mid Generation, New Generation), By Region - Industry Forecast 2024-2031

Aircraft MRO Market Opportunity

Rising in aviation MRO software is accelerating market growth

• Rising investments in aviation MRO software is expected to create new growth prospects for the global Aircraft MRO market. Aircraft MRO software contains software components for maintenance monitoring, maintenance scheduling, logbook tracking, budget forecasting, manuals, flying time tracking, electronic task card management, service bulletin management, and work order administration. 
• It also has elements that aid in compliance with regulatory agencies such as the FAA and ICAO. It is primarily used to streamline maintenance processes and reduce downtime. It has been extensively modified as a result of the changes related with big data and analytics in the aviation industry. This industry creates a massive quantity of data, which will help MRO companies improve operational efficiency and provide customized solutions that meet the needs of airlines.

Aircraft MRO Market Challenge

Labour shortages and rising material costs are posing challenges to the market

• The aircraft MRO industry is facing challenges due to manpower shortage, growing labour prices, an aging workforce, and a decline in interest in the maintenance technician job role among newly graduating engineers. 
• Without a significant change, this pattern is expected to continue during the projected period. Right-shorting and outsourcing are two solutions that are more important to MRO businesses. Increasing material costs are becoming a major factor driving market expansion. MRO firms are attempting to shield themselves through strategic partnerships with OEMs. It will also aid in the real-time acquisition of aircraft parts and components.