Indian Aviation MRO Growth Opportunities

Indian Aviation MRO Growth Opportunities

Increased Domestic Airline Activity Powering the Commercial Aviation MRO Industry

RELEASE DATE
01-Aug-2023
REGION
South Asia, Middle East & North Africa
Deliverable Type
Market Research
Research Code: PEA6-01-00-00-00
SKU: TEMP_2023_48
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Description

India’s aviation sector is among the fastest growing in the world and set to become the third largest globally. The current commercial aircraft fleet size is estimated to grow from about 714 aircraft to 2,000 aircraft within the next decade. This aligns with the government’s plans to build 220 new airports and add 1,000 new routes by 2026. The rising middle class will fuel the growth in air passenger traffic at an expected CAGR of 8.5%. India outsources nearly 90% of its MRO services to Singapore, Malaysia, the United Arab Emirates, and Sri Lanka, indicating a sizeable supply-and-demand gap, negatively impacting the trade deficit.

Therefore, the Government of India aims to promote India as a global MRO hub and provides a host of initiatives supporting this goal. The revenue opportunity in the country’s aviation MRO industry is immense. This report analyzes the Indian commercial aviation MRO market, highlighting critical industry trends, competitor landscape, market drivers, and restraints. Based on these findings, the study identifies vital short-term and long-term growth opportunities in the relevant MRO segments.

Author: Arun Mannath

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Indian Aviation Maintenance, Repair, and Overhaul (MRO) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Context

Research Scope and Overview

Segmentation

MRO Trends

Market Trends In India

Growth Drivers

Growth Restraints

Barriers to Entry

MRO Policy 2021

GoI Initiatives

Other MRO Initiatives

Vision 2040

MRO Services—Scheduled and Unscheduled Checks

Market Overview

Major MRO Providers—India

Commercial Aircraft in India

Commercial Aircraft Engines in India

MRO Market

Growth Opportunities in the Indian Commercial Aviation MRO Market

Growth Opportunity 1: Engine MRO Services

Growth Opportunity 1: Engine MRO Services (continued)

Growth Opportunity 2: Component MRO Services

Growth Opportunity 2: Component MRO Services (continued)

Growth Opportunity 3: Use of Advanced Technology

Growth Opportunity 3: Use of Advanced Technology (continued)

List of Exhibits

Legal Disclaimer

India’s aviation sector is among the fastest growing in the world and set to become the third largest globally. The current commercial aircraft fleet size is estimated to grow from about 714 aircraft to 2,000 aircraft within the next decade. This aligns with the government’s plans to build 220 new airports and add 1,000 new routes by 2026. The rising middle class will fuel the growth in air passenger traffic at an expected CAGR of 8.5%. India outsources nearly 90% of its MRO services to Singapore, Malaysia, the United Arab Emirates, and Sri Lanka, indicating a sizeable supply-and-demand gap, negatively impacting the trade deficit. Therefore, the Government of India aims to promote India as a global MRO hub and provides a host of initiatives supporting this goal. The revenue opportunity in the country’s aviation MRO industry is immense. This report analyzes the Indian commercial aviation MRO market, highlighting critical industry trends, competitor landscape, market drivers, and restraints. Based on these findings, the study identifies vital short-term and long-term growth opportunities in the relevant MRO segments. Author: Arun Mannath
More Information
Deliverable Type Market Research
Author Arun Mannath
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 Aviation Market Analysis
Keyword 2 Aviation Industry Market Analysis
Keyword 3 Mro Market Analysis
Podcast No
WIP Number PEA6-01-00-00-00