Aircraft Component MRO Market to Reach $77.96 Billion by 2030, Growing at 6.1% CAGR

The global aircraft component maintenance, repair, and overhaul (MRO) market is projected to grow from $57.85 billion in 2025 to $61.6 billion in 2026, a CAGR of 6.5%, and is then forecast to reach $77.96 billion by 2030 at a CAGR of 6.1%, according to The Business Research Company.

Near-term growth drivers include expansion of the global commercial aircraft fleet, higher aircraft utilization rates, stringent aviation safety standards, demand for component life extension services, and airline expansion in emerging markets. Longer-term growth is expected to be supported by deployment of next-generation aircraft, rising investment in digital MRO platforms, demand for fuel-efficient components, modernization of military fleets, and maintenance needs for advanced avionics systems.

Key trends include rising adoption of predictive maintenance programs using data analytics to anticipate component failures and reduce downtime, increased use of component exchange and pooling services to minimize aircraft ground time, and greater airline outsourcing of component MRO to specialized providers.

In April 2026, Air Transport Components (ATC Group), a US-based aerospace component MRO provider, acquired PAS MRO for an undisclosed sum, aiming to strengthen expertise in high-value bearing repair services and expand its customer base among airlines, OEMs, and aftermarket clients. PAS MRO specializes in aircraft bearing inspection, repair, overhaul, and refurbishment for commercial and military aviation. Separately, in April 2024, Honeywell International Inc. introduced Honeywell Forge Performance+ for Aerospace, a cloud-based platform designed to improve production planning and streamline operations across aerospace manufacturing and MRO facilities. Market segments covered include avionics, airframe components, landing gear, interior components, and other systems such as hydraulic, pneumatic, electrical parts, and auxiliary power units.