Top Aircraft Engine MRO Companies

Global Aircraft Engine MRO Market size was valued at USD 42.81 Billion in 2023 and is poised to grow from USD 44.82 Billion in 2024 to USD 64.67 Billion by 2032, growing at a CAGR of 4.69% in the forecast period (2025-2032).

The aircraft engine MRO market consists of OEMs, standalone MRO vendors, and airline-affiliated maintenance shops. To broaden their lines of service, large firms desire to expand their global reach, invest in cutting-edge technology, and build strategic alliances. For example, Safran is spending more than Euro 1 billion to grow its engine overhaul network with a target to nearly quadruple its in-house overhaul capacity by 2028, while GE Aerospace is making cost controls and pricing adjustments to reduce the impact of tariffs. 'L3Harris Technologies', 'Gecko Robotics', 'GE Aerospace', 'Pratt & Whitney', 'RTX', 'Lufthansa Technik AG', 'Safran Aircraft Engines', 'MTU Aero Engines AG', 'Delta TechOps', 'AAR Corporation', 'SIA Engineering Company', 'ST Engineering Aerospace', 'FL Technics', 'Magnetic MRO', 'HAECO Group', 'Iberia Maintenance'

Airlines have had to upgrade their fleets with next-generation aircraft in response to rising international air travel, especially across emerging economies. Next-generation aircraft, whose engines are much more advanced than their predecessors, need specialist MRO services in order to guarantee maximum performance and very high levels of safety compliance. Rising MRO activity has a direct association with the current growth of airline fleets to handle passenger traffic.

Integration of Technologies for Predictive Maintenance: Predictive maintenance is revolutionizing the aircraft engine MRO market by means of data analysis and real-time monitoring. MRO providers can enhance total operational efficiency by minimizing surprise downtime, scheduling on-time interventions, and preventing upcoming failures by analyzing engine performance data.

How Is North America Scaling Up Its Aircraft Engine MRO Capabilities?