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News  ›  GlobeNewswire Inc.

$114.5 Bn Air Transport MRO Markets, 2020-2025, 2025-2030F, 2035F - Growth Opportunities in Predictive Maintenance, Blockchain for Secure Records, and Hybrid Models for Cost Efficiency

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Researchandmarkets.Com
$114.5 Bn Air Transport MRO Markets, 2020-2025, 2025-2030F, 2035F - Growth Opportunities in Predictive Maintenance, Blockchain for Secure Records, and Hybrid Models for Cost Efficiency

The global air transport MRO market is experiencing robust growth, expanding from $89.42 billion in 2025 to $93.6 billion in 2026, with projections to reach $114.15 billion by 2030 at a 5.1% CAGR. Growth is driven by increased air travel (36.9% rise in 2023), digital tool adoption, and advanced technologies including AI, IoT, robotics, and blockchain. Asia-Pacific leads the market, though trade tensions and tariffs present challenges.

Insights
AIR   positive

Company acquired Trax for $120 million to merge aftermarket offerings with advanced fleet management software, demonstrating strategic investment in digital solutions and positioning for growth in the expanding MRO market.