Asia-Pacific Aircraft Engine MRO Market Size and Share Analysis 2023-2028

Market Overview

The Asia Pacific aircraft engine MRO market is projected to experience substantial growth during the forecast period, with an estimated increase from USD 12.55 billion in 2022 to USD 15.45 billion in 2028, reflecting a CAGR of 3.33%.

Engine maintenance, repair, and overhaul (MRO) involve the necessary procedures to fix, service, or inspect engines to ensure compliance with safety and airworthiness regulations specific to the Asia-Pacific region.

Product Type

Market Report

No. of Pages


Release Date


Base Year


Forecast Period


Market Size

USD 12.6 billion in 2021

Market Segments

Engine Type, Application, and Country



No. of Companies Mentioned


The COVID-19 pandemic had a significant impact on the aviation industry in Asia-Pacific. However, in the current scenario, aircraft operators in the region have resumed ordering new aircraft due to the rebound in travel demand across both commercial and general aviation sectors. This resurgence in aircraft orders will drive the growth of aircraft engine MRO providers in the region throughout the forecast period.

Over the past decade, there has been a substantial increase in air travel within the Asia-Pacific region. Additionally, new emission regulations have necessitated the purchase of newer generation planes. Furthermore, some countries in the region have aging military aircraft fleets, which will generate significant demand as these countries, including China, India, and Japan, plan to extend the service lives of these aging aircraft.

The market’s growth is also propelled by rapid technological advancements in aircraft engine MRO. Key players in the industry are investing heavily in research and development to manufacture advanced engine components using different composites. This enhances their performance in diverse operating environments while reducing overall weight and enhancing operational lifespan. Moreover, the Asia-Pacific region is expected to emerge as the largest user of MRO services in the coming years. The acquisition of fleets by various countries in the region, particularly India and China, who are poised to become major players, will drive the market’s growth.

Market Segmentation

The market is segmented based on various factors, including engine type, application, and country.

Segmentation by Engine Type
Turbine Engine
Piston Engine

Segmentation by Application
Commercial Aviation
Military Aviation
General Aviation

Segmentation by Country
South Korea
Rest of Asia-Pacific

The turbine engine segment has maintained its dominance in the market, holding the highest market shares during the forecast period. This is driven by the growth in air traffic, resulting in increased aircraft deliveries, rising air cargo transportation, and expanding military aircraft fleets. Turbine engines, which convert the kinetic energy of moving fluids into mechanical energy, such as turboprop, turbofan, and turboshaft engines, are witnessing significant demand in the Asia-Pacific region.

To cater to the diverse requirements of different aviation platforms, strategic collaborations have been formed. In February 2023, Hindustan Aeronautics Limited (HAL) and General Atomics Aeronautical Systems Incorporated (GA-ASI) announced that HAL’s Engine Division in Bengaluru would support the turboprop engines for the MQ-9B Guardian High Altitude Long Endurance (HALE) Remotely Piloted Aircraft System (RPAS). Additionally, Air China and Rolls-Royce established a joint venture in September 2022, called Beijing Aero Engine Services Company Ltd. (BAESL), to provide MRO services for Rolls-Royce Trent 700, Trent XWB-84, and Trent 1000 aviation engines.

The commercial aircraft engine MRO segment accounted for the largest market share in 2021 due to the recovery of air traffic and higher utilization of the active fleet. As passenger traffic gradually returns to pre-pandemic levels, driven by growing domestic travel globally, the demand for commercial aircraft and subsequently aircraft engine MRO services is expected to experience robust growth in the coming years.

China holds the largest market share, and it is projected to witness significant growth in the region. The country became the largest aviation market in terms of passenger capacity in 2020, and during the Lunar New Year of 2023, a total of 9 million passengers traveled by air, representing a 39% increase compared to 2022. With the continuous growth in air travel and increased investments in the aviation industry, MRO service providers and airlines are collaborating to ensure the safety and reliability of aircraft.

In September 2022, Air China announced its joint venture with Rolls-Royce for an MRO facility in China. The joint venture, Beijing Aero Engine Services Company Limited, focuses on providing MRO support for Rolls-Royce Trent 700, Trent XWB-84, and Trent 1000 aero engines. Similarly, Safran SA opened a new MRO facility in Suzhou, China in February 2022, further strengthening their presence in the region. These developments in MRO services and investments in the aviation sector contribute to the overall market growth in China and across the country.

Competitive Landscape

The Asia-Pacific aircraft engine MRO market demonstrates a high level of competitiveness, with numerous prominent players vying for a larger market share. These key players include Safran SA, General Electric Company, Rolls-Royce plc, GMF AeroAsia, and HAECO Group. They are committed to delivering advanced services by harnessing next-generation technologies. Furthermore, major market participants are actively pursuing business expansion strategies through mergers and acquisitions, partnerships, and contracts with airlines.

On March 20, 2022, Helicopter Engines MRO Pvt Limited (HE-MRO) inaugurated its new facility in Goa, India. HE-MRO is a joint venture between Hindustan Aeronautics Limited and Safran. According to HAL, this state-of-the-art facility is slated to become operational by the end of 2023. It has been designed with a planned capacity of 50 engines per year, with a total capability to handle 150 engines annually. The Memorandum of Understanding (MoU) signed between HAL and Safran aligns with the Indian government’s Atmanirbhar Bharat vision, aimed at achieving self-reliance in defense technologies and MRO services.

Key companies profiled in this report include Singapore Aero Engine Services Private Limited, Singapore Technologies Engineering Limited, SIA Engineering Company, Safran SA, HAECO Group, General Electric Company, Rolls Royce plc, Asia-Pacific Aerospace (APA) Pty. Ltd., Mitsubishi Heavy Industries Aero Engines Ltd., GMF AeroAsia.

Recent Industry Developments

In July 2022, Hindustan Aeronautics Limited (HAL) entered into a contract exceeding USD 100 million with Honeywell International Inc. The purpose of this contract is to supply and manufacture 88 TPE331-12B engines and kits, along with providing maintenance and support services. These engines and services are intended to power the Hindustan Trainer Aircraft (HTT-40).

In March 2023, Pratt & Whitney’s MRO network made an announcement regarding the opening of their second operational facility in Japan, named Mitsubishi Heavy Industries Aero Engines Limited (MHIAEL). This facility is dedicated to the GTF engine. The expansion of this facility is expected to enhance its capacity for commercial engine maintenance, repair, and overhaul (MRO). By 2026, the facility aims to increase its capacity from 5 to 6 units per month, and in the future, it plans to further expand to 15 units per month.

Key Questions Answered

What is the duration of the study for the Asia-Pacific Aircraft Engine MRO Market?
The study of the Asia-Pacific Aircraft Engine MRO Market covers the period from 2018 to 2028.

What is the growth rate of the Asia-Pacific Aircraft Engine MRO Market?
The Asia-Pacific Aircraft Engine MRO Market is expected to grow at a compound annual growth rate (CAGR) of 3.33% over the next five years.

What was the size of the Asia-Pacific Aircraft Engine MRO Market in 2018?
In 2018, the Asia-Pacific Aircraft Engine MRO Market had a valuation of 12 billion USD.

What is the projected size of the Asia-Pacific Aircraft Engine MRO Market in 2028?
By 2028, the Asia-Pacific Aircraft Engine MRO Market is estimated to reach a valuation of 15 billion USD.

Who are the key players in the Asia-Pacific Aircraft Engine MRO Market?
The major companies operating in the Asia-Pacific Aircraft Engine MRO Market include Safran SA, General Electric Company, Rolls Royce plc, GMF AeroAsia, and HAECO Group.

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Asia-Pacific Aircraft Engine MRO Market Size and Share Analysis 2023-2028

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Asia-Pacific Aircraft Engine MRO Market Size and Share Analysis 2023-2028

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