Aviation MRO Statistics


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Aviation MRO Statistics 2023: Facts about Aviation MRO outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Aviation MRO, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Aviation MRO Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Aviation MRO Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 42 Aviation Mro Statistics on this page 🙂

Aviation MRO “Latest” Statistics

  • The worldwide aviation MRO industry is anticipated to achieve a 10-year consolidated market size value of over USD130 billion with the global aircraft fleet forecast to reach over 390,000 by 2030.[1]
  • The liberalization of the aviation sector and the advent of low-cost airlines between 1970 and 2010 resulted in a real cost reduction of air travel of over 60%.[2]
  • In 2027, the APAC market will have a CAGR of over 5.5% due to the quickly expanding commercial aviation industry.[3]
  • According to the Aircraft Technician Education Council, 30% of those who complete an aviation maintenance training program choose to work in another profession.[4]
  • It accounted for over 48% of the worldwide civil aviation MRO market in 2020 and is anticipated to grow to $64.2 billion by 2030.[5]

Aviation MRO “Air” Statistics

  • Airlines and MRO service providers should be able to reduce their material costs by 10% to 15%.[1]
  • 6.4% of aircraft maintenance technicians are women, compared to 93.6% of males in the field.[1]
  • The typical aircraft maintenance technician likes their employment for one to two years, which equals a proportion of 25%, according to a review of 5,155 applicants’ resumes.[1]
  • The initial deliveries of aircraft were valued at 25.2 billion, up 10.2%.[1]
  • A National Transportation Safety Board examination of almost 20 years’ worth of airline accident data revealed that, in different emergency situations, over 80% of passengers survived.[1]
  • The average age of an aircraft maintenance technician, who makes up 56% of the population, is 40.[1]
  • Flight incident might cost airlines more than $2 billion in lost revenue per year due to flight cancellations or delays.[1]
  • There is a way to reduce the time required to scan aircraft for lightning strikes by 75% while still keeping the related expenditures to a minimum.[1]
  • White people make up 64.2% of all aircraft maintenance technicians, making them the most prevalent ethnic group.[1]
  • Spanish is the most often spoken foreign language among technicians who maintain aircraft, with 59% 7.[1]
  • According to information provided to the U.S. Department of Transportation, airplane maintenance generally represents close to 10% of operational expenses for U.S. passenger airlines.[2]
  • A wide range of MRO services is offered by Aeroman, which is 80% owned by the insolvent Canadian business Aveos Fleet Performance Inc, to U.S. air carriers including southwest airlines, JetBlue, and U.S. airways.[2]
  • Chinese airlines must annually outsource around 70% of their engine overhaul to foreign.[2]
  • 40% of Aeroman’s maintenance personnel speak English well enough to read and understand aircraft repair manuals.[2]
  • In terms of worldwide MRO service providers, OEMs, including top aircraft manufacturers (Boeing and Airbus) and major aircraft engine OEMs, have around 42% of the MRO market share.[2]
  • Major airlines and their MRO companies, such as Air France-KLM and Lufthansa Technik, hold 49% of the MRO industry, with third-party suppliers like TIMCO and TAECO taking the remaining 9%.[2]
  • Between 35% and 70% of the time, air carrier employees were present on the hangar floor monitoring contract repair work.[2]
  • Over half of the over 330,000 mechanics and repairmen that the FAA had certified as of December 2018 were between the ages of 50 and 70, and 97% of them were men, according to GAO examination of FAA data.[6]
  • The size of the commercial aircraft MRO market topped USD70 billion in 2020, and it is projected to increase at a CAGR of over 4.9% between 2021 and 2027.[3]
  • The Asia Pacific commercial aircraft MRO industry will rise by over 5.5% in 2027.[3]
  • Increased demand for engine MRO services will support market growth. By 2027, the commercial aircraft MRO market share will be accounted for by 35% of the engine MRO services category.[3]
  • In an Oliver Wyman poll of airline executives and those working in the maintenance, repair, and overhaul sector, 51% of participants cited pay and benefits as a barrier.[4]
  • According to the Oliver Wyman fleet forecast, global airlines will add 10,133 aircraft by 2027, increasing their fleet by 40%.[4]
  • Fuel-efficient aircraft created and manufactured after 2000 will make up 58% of the fleet.[4]

Aviation MRO “Other” Statistics

  • According to the 2003 International Air Transport Association Safety Report, maintenance mistakes were to blame for 26% of accidents.[7]
  • 8% degree percentages for aircraft maintenance technicians wage differences for aircraft maintenance technicians by education high school diploma or less.[1]
  • Aircraft maintenance technician years percentages associate degrees are the most prevalent degree earned by aircraft maintenance technicians, accounting for 43% of all degrees.[1]
  • According to evaluations of maintenance jobs carried out at 4,000 flight hours, 80% of planned maintenance tasks were escalated, 10% stayed at their existing interval, and 10% were de-escalated to reduce the likelihood of unplanned maintenance occurrences.[1]
  • The in-service fleet is expected to increase yearly at a rate of 39% between 2019 and the start of 2024 before slowing to 33% over the following five years. 3.[1]
  • There isn’t much data to back up your concern if, like 25% to 65% of the population, you’re afraid of flying9.[1]
  • With 4.8% of the population speaking it, Portuguese is the second most common language after Italian.[1]
  • Engine MRO continues to be the biggest category, making for over 45% of the overall MRO value, followed by component MRO at over 19%, line maintenance at almost 18%, and HMV at almost 18%.[2]
  • The MRO industry in china generated roughly 2.3 billion in sales in 2010 or about 5% of the world’s total.[2]
  • Regionally, North America and Europe have the biggest MRO markets, accounting for over 57% of the industry.[2]
  • In order to increase their workforce during the next three years, 64% of the executives expect their businesses to recruit mechanics. Of that amount, 23% say they would hire only to maintain existing numbers.[4]
  • To aid mechanics in acquiring the required abilities, 84% of survey participants said that their businesses offered seminars and workshops, while 61% claimed they had partnered with technical institutions or universities.[4]
  • By 2022, a supply-demand disparity between mechanics will emerge in the U.S., reaching a high of 9% by 2027.[4]

Also Read

How Useful is Aviation Mro

One of the key benefits of MRO services is their role in ensuring the safety of passengers and crew. Regular maintenance and repairs help to identify and address potential issues before they become major problems, reducing the risk of accidents and ensuring that aircraft are in optimal condition for flight. By adhering to strict regulatory standards and industry best practices, MRO providers help to maintain the high safety standards that are essential in the aviation industry.

In addition to safety, aviation MRO services also play a key role in ensuring the efficiency and reliability of aircraft operations. By keeping aircraft in top condition, MRO providers help airlines to minimize downtime and maximize their fleet’s availability. This is particularly important in today’s fast-paced and competitive aviation industry, where timely and reliable service is essential to success.

Furthermore, aviation MRO services also contribute to the sustainability of the aviation industry. By prolonging the lifespan of aircraft and their components through effective maintenance and repair, MRO providers help to reduce the environmental impact of aviation by minimizing the need for new aircraft production. This focus on sustainability is becoming increasingly important as the aviation industry seeks to address its environmental footprint and reduce its carbon emissions.

Moreover, the economic impact of aviation MRO services should not be overlooked. The MRO sector is a significant contributor to the overall economy, generating jobs and supporting a wide range of businesses and industries. By ensuring the continued airworthiness of aircraft and maintaining a robust MRO infrastructure, the aviation industry helps to stimulate economic growth and drive innovation in related sectors.

Overall, it is clear that aviation MRO services are incredibly useful and serve a critical function in the aviation industry. From ensuring safety and reliability to promoting sustainability and supporting economic growth, the value of MRO services cannot be overstated. As the aviation industry continues to evolve and expand, the role of MRO providers will only become more important in ensuring the continued success and viability of air travel.

Reference

  1. webinarcare – https://webinarcare.com/best-aviation-mro-software/aviation-mro-statistics/
  2. everycrsreport – https://www.everycrsreport.com/reports/R42876.html
  3. gminsights – https://www.gminsights.com/industry-analysis/commercial-aircraft-mro-market
  4. oliverwyman – https://www.oliverwyman.com/our-expertise/insights/2017/sep/oliver-wyman-transport-and-logistics-2017/operations/aviation-growth-is-outpacing-labor-capacity.html
  5. statista – https://www.statista.com/topics/3745/global-aircraft-mro-market/
  6. gao – https://www.gao.gov/products/gao-20-206
  7. mainblades – https://mainblades.com/article/4-facts-about-visual-inspections-in-aircraft-maintenance/

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