Increased aircraft MRO outsourcing helps drive growth
Estimated at $49 billion, the global aircraft maintenance, repair and overhaul (MRO) market is highly fragmented with over a hundred participants. Inclusive of military aircraft MRO, the total amount spent on MRO exceeds the value of new aircraft production. The North American aircraft MRO market is outsourcing almost 55 percent of commercial aircraft MRO work. The figure is closer to 100 percent for business and regional jets.
Source: Increased aircraft MRO outsourcing helps drive growth