What Happened
Growing Demand for Air Travel Drives Maintenance and Repair Services
The commercial and military aircraft maintenance, repair, and overhaul (MRO) market is expected to exceed $19.2 billion by 2030, driven by growing air traffic and the adoption of advanced technologies. The market grew from $15.16 billion in 2025 to $15.94 billion in 2026, with the Asia-Pacific region projected to experience the fastest growth. According to a report by The Business Research Company, the market is expected to maintain a CAGR of 4.7% through 2030, supported by advancements in predictive maintenance and a rising need for sophisticated component repairs, as reported by TBRC Business Research Pvt Ltd.