The demand for regular Maintenance, Repair, and Operations (MRO) services intensifies. Aircraft require more frequent inspections and updates to ensure that they meet safety and performance standards. This increases the need for comprehensive MRO solutions, including periodic maintenance, structural repairs, and major overhauls. Regular MRO services help in extending the lifespan of aircraft, preventing potential issues, and maintaining operational efficiency. As aircraft fleets grow older, the importance of reliable MRO providers becomes crucial for sustaining safe and efficient aviation operations.
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Data Bridge Market Research analyses that the South East Asia Air Maintenance, Repair and Operations Market is expected to reach USD 8.03 billion by 2031 from USD 5.87 billion in 2023 growing with a CAGR of 4.1% in the forecast period of 2024 to 2031.
Key Findings of the Study
Regulatory Requirements Increases the Demand for MRO Services
Regulatory requirements mandate regular maintenance checks to ensure the safety and reliability of aircraft. These stringent regulations necessitate periodic inspections, overhauls, and repairs, which drive the demand for Maintenance, Repair, and Overall (MRO) services. Compliance with these standards is crucial for maintaining operational safety and preventing equipment failures, thus reinforcing the need for comprehensive MRO solutions.
As a result, the MRO sector is expanding to meet these regulatory demands. The increased frequency of required maintenance tasks and the complexity of modern aircraft have led to a rise in specialized MRO services and facilities. This growth supports the aviation industry's commitment to safety and efficiency while fostering advancements in maintenance technologies and practices.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable from 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Type (MRO Equipment, MRO Services, MRO Software), Wing Type (Fixed Wing, Rotary Wing), Aircraft Type (Narrow Body, Wide Body, Helicopter, Regional Jet, and Very Large Aircraft), Generation (Old Generation, Mid Generation, & New Generation Aircraft), Application (Inspection, Part Replacement, Predictive Analysis, Performance Monitoring, Mobility & Functionality), End User [Airline/Operator MRO, Independent MRO, Cargo MRO, Original Equipment Manufacturer (OEM) MRO), Aviation Type (Civilian Aviation, Military Aviation, and Training Aviation)
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Countries Covered
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Indonesia, Thailand, Malaysia, Vietnam, Singapore, Philippines, Myanmar, Cambodia, Laos, Rest of South East Asia
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Market Players Covered
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ST Engineering (Singapore), AAR (U.S.), StandardAero (U.S.), MTU Aero Engines AG (Germany), General Dynamics Corporation (Malaysia), PT GMF AEROASIA TBK. (Indonesia), Rolls-Royce plc (U.K.), SAFRAN (France), Textron Aviation Inc. (U.S), ExecuJet MRO Services., Lufthansa Technik(Germany), Sepang Aircraft Engineering Sdn Bhd (Malaysia), AIROD SDN BHD (Malaysia), Asia Aerotechnics Sdn Bhd.(Malaysia) , FL Technics (Lithuania), Lion Air.(Indonesia), Malaysia Airlines Berhad (Malaysia) , PT. Dirgantara Indonesia (Indonesia) and PT. KALIMASADA PUSAKA (Indonesia) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
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Segment Analysis
South East Asia air maintenance, repair and operations market is segmented into seven notable segments which are based the type, wing type, aircraft type, generation, application, end user, and aviation type.
- On the basis of type, the market is segmented into MRO equipment, MRO services, and MRO software
In 2024, MRO equipment segment is expected to dominate the South East Asia air maintenance, repair and operations market
In 2024, MRO equipment segment is expected to dominate the market with a market share of 48.35% due to the region's rapid fleet expansion and increasing air traffic, necessitating substantial investment in advanced tools and machinery.
- On the basis of wing type, the market is segmented into fixed wing and rotary wing
In 2024, fixed wing segment is expected to dominate the South East Asia air maintenance, repair and operations market
In 2024, fixed wing segment is expected to dominate the market with a market share of 87.75%
- On the basis of aircraft type, the market is segmented narrow body, wide body, helicopter, regional jet, and very large aircraft. In 2024, narrow body segment is expected to dominate the South East Asia air maintenance, repair and operations market with a market share of 21%
- On the basis of generation, the market is segmented into old generation, mid generation, and new generation. In 2024, old generation segment is expected to dominate the South East Asia air maintenance, repair and operations market with a market share 40.39%
- On the basis of application, the market is segmented into inspection, part replacement, predictive analysis, performance monitoring, mobility & functionality, and others. In 2024, the inspection segment is expected to dominate the market with a market share of 39.48%
- On the basis of end user, the market is segmented into Airline/Operator MRO, Independent MRO, Cargo MRO, and Original Equipment Manufacturer (OEM) MRO. In 2024, airline/operator MRO segment is expected to dominate the market with a market share of 05%
- On the basis of aviation type, the market is segmented into civilian aviation, military aviation, and training aviation. In 2024, civilian aviation segment is expected to dominate the market with a market share of 40%
Major Players
Data Bridge Market Research ST Engineering (Singapore), Lufthansa Group (Germany), StandardAero (U.S.), Rolls-Royce plc (U.K.), and SAFRAN (France) as the major companies operating in the South East Asia air maintenance, repair and operations market.
Market Development
- In July 2024, ST Engineering entered a two-year agreement with Safran Aircraft Engines, extendable to handle module repairs for LEAP 1A and LEAP-1B engines, including high-pressure turbine components. This partnership strengthened ST Engineering's role in the LEAP engine MRO sector, meets rising demand, and enhanced its position and collaboration with Safran, boosting both; capabilities and market presence
- In July 2024, LOT Polish Airlines and Lufthansa Technik expanded their partnership with a new Engine Maintenance Services (EMS) contract for the CFM56-7B engines of LOT's Boeing 737NG fleet. This agreement included eleven engine overhauls and the provision of two lease engines to ensure operational stability. This contract reinforced Lufthansa Technik's position as a leading provider of engine MRO services, enhancing its operational scope and deepening its relationship with LOT Polish Airlines. The successful execution of these services bolstered Lufthansa Technik's reputation for reliability and technical expertise in engine maintenance
- In May 2024, Lufthansa Technik secured a comprehensive base maintenance contract with Eurowings for its Airbus A320 family flee The agreement designated exclusive maintenance lines at Lufthansa Technik facilities in Budapest and Sofia to perform various checks on around 40 Eurowings aircraft. This contract reinforced Lufthansa Technik's position as a preferred provider of base maintenance services, showcasing its ability to cater to specific customer needs and maintain high-quality standards. It bolstered Lufthansa Technik’s operational capabilities and enhanced its reputation for reliable and flexible maintenance solutions
- In May 2024, StandardAero's Gosport, UK facility celebrated its 500th PW300 engine service event. This milestone highlighted the facility's reliability and expertise in scheduled maintenance for Pratt & Whitney Canada engines. The achievement underscored StandardAero's strong reputation and commitment to high-quality service. The Gosport site, with over 80 years of experience, continued to expand its capabilities and support a wide range of engines, enhancing safety and service for customers across the EMEA region and beyond
- In April 2024, Safran showcased its maintenance, repair, and overhaul (MRO) capabilities at MRO Americas 2023 in Atlanta. The event featured Safran’s divisions, including Safran Nacelles, which signed an MRO agreement with Lufthansa Technik for LEAP-1A engine nacelles. Safran also supported the A-WING Job Fair to promote women in aviation and hosted a breakfast meeting with industry insights from Aviation Week's Lee Ann Shay. The event highlighted Safran’s broad MRO services and commitment to industry advancement
Regional Analysis
Geographically, the countries covered in the global virtual infrastructure manager market report are Indonesia, Thailand, Malaysia, Vietnam, Singapore, Philippines, Myanmar, Cambodia, Laos, rest of South East Asia.
As per Data Bridge Market Research analysis:
Indonesia is expected to dominate and be the fastest growing country in the South East Asia air maintenance, repair and operations market
In 2024, Indonesia is expected to dominate the South East Asia air maintenance, repair and operations market due to its strategic location as a key hub for regional and international air traffic, which drives high demand for MRO services. The country has invested significantly in expanding and modernizing its MRO infrastructure, enhancing its capabilities to handle a growing fleet of commercial aircraft.
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