India Aviation MRO Market By Industry, Size, Share, Trends, Technology, Key Players Forecast
India aviation MRO market is expected to grow at a formidable CAGR during the forecast period. The India aviation MRO market is driven by growing need to address wear and tear of aircraft components. In addition to this, digitalization of aircraft MRO services is anticipated to positively influence the growth of India aviation MRO market in the years to come. Also, numerous accidents related to aviation are caused because of carelessness in maintenance activities, therefore the authorities have tightened the norms for timely maintenance and repair works, which in turn is expected to bolster the market growth in the coming years.
The India aviation MRO market is segmented based on industry, component, aircraft type, end user, company and region. Considering the component, the market is fragmented into engine, airframe, line, avionics, modifications, and others. Among these, the engine segment dominated the global aviation MRO market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well. This is because of ongoing technological advancements in engine manufacturing coupled with increase in spending by airline companies on aircraft maintenance and spare parts.
Major players operating in the global aviation MRO market include Sr Technics India Private Limited, Bombardier Transportation India Pvt Ltd, GE Aviation, Air India Engineering Services Limited, Deccan Charters Limited, Indamer Aviation Pvt. Ltd, Max MRO Pvt Ltd., GMR Aeron Technic Ltd., Bird ExecuJet, Air Works India (Engineering) Pvt. Ltd. and others. The companies are adopting competitive strategies include mergers & acquisitions, partnership, agreements, and new developments in order to expand their geographic reach and to increase their customer bases.
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Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and estimate the market size of India aviation MRO market from 2015 to 2018.
- To estimate and forecast the market size of India aviation MRO market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast India aviation MRO market based on industry, component, aircraft type, end user, company and regional distribution.
- To identify dominant region or segment in the India aviation MRO market.
- To identify drivers and challenges for India aviation MRO market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India aviation MRO market.
- To conduct pricing analysis for India aviation MRO market.
- To identify and analyze the profile of leading players operating in India aviation MRO market.
- To identify key sustainable strategies adopted by market players in India aviation MRO market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, vendors and presence of all major players across the country.
TechSci Research calculated the market size of India aviation MRO market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Aviation MRO service providers, vendors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to aviation MRO
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India aviation MRO market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Aviation MRO Market, By Industry:
- Passenger Aviation
- Military Aviation
- Cargo Aviation
- India Aviation MRO Market, By Component:
- Engine
- Airframe
- Line
- Avionics
- Modifications
- Others
- India Aviation MRO Market, By Aircraft Type:
- Narrow Body
- Wide Body
- Regional Jet
- Others
- India Aviation MRO Market, By End User:
- OEM
- Aircraft Operator
- Others
- India Aviation MRO Market, By Region:
- North
- East
- West
- South
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India aviation MRO market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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