At 3.1% CAGR, Middle East & Africa Airframe MRO Market is Projected to be Worth US$ 4,222.74 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa airframe MRO market was valued at US$ 3,311.88 million in 2022 and is expected to reach US$ 4,222.74 million by 2030, registering a CAGR of 3.1% from 2022 to 2030. Blockchain technology changing MRO landscape and increasing adoption of sustainable aviation fuel (SAF)

MRO services in the aviation industry play a key role in assuring the durability, safety, and profitability of commercial airlines and military forces. To maintain their market position in the future, businesses should adopt flexibility toward adapting new and trending technologies, which can help digitalize their business processes, thereby reducing the dependency on manual labor/employees. Advanced technologies such as blockchain improve processes in MRO organizations. The adoption of blockchain technology has been low so far; however, this technology is expected to play a major role in the overall growth of the Middle East & Africa airframe MRO market in the coming years. With the integration of blockchain technology, companies can record the configuration details of MRO components. This also makes the documentation process across component manufacturers and MRO service providers effortless. Additionally, the deployment of this technology enables MRO service providers to offer verifiable documentation about the parts they have installed, thereby maintaining transparency in their operations. A few instances of various Middle East & Africa airframe MRO market players opting for blockchain technology are given below.

• In October 2023, Lufthansa Industry Solutions announced the initiative for the adoption of Blockchain for increasing the adoption of blockchain in the aviation industry.
  
  
• In March 2021, the Government Blockchain Association and the Digital Innovation Group formed a joint venture named GBA Aviation & Aerospace Working Group. This joint venture is formed to explore the use of blockchain in the aerospace and aviation sectors for MRO services, supply chains, and airports.
  
  
• In February 2020, Safran S.A., an aerospace manufacturer; SITA, a technology company; and the Sky Republic, a blockchain platform provider company, declared plans to create the MRO Blockchain Alliance.
  
  In addition, aviation industry players such as aircraft manufacturers, airframe MRO service providers, and aviation technology developers are highly emphasizing adopting blockchain technology with the objective of tracking their MRO processes. Thus, the adoption of blockchain technology is changing the MRO landscape, which is anticipated to fuel the Middle East & Africa airframe MRO market growth in the coming years.
  
  On the contrary, entry of OEMs in aftermarket hampers the growth of Middle East & Africa airframe MRO market.
  
  Based on aircraft type, the Middle East & Africa airframe MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 73.0% share of the Middle East & Africa airframe MRO market in 2022, amassing US$ 2,418.97 million. It is projected to garner US$ 3,011.00 million by 2030 to expand at 2.8% CAGR during 2022-2030.
  
  In terms of component, the Middle East & Africa airframe MRO market is segmented into fuselage, wings and rotors, landing gear, and others. The fuselage segment held 44.6% share of the Middle East & Africa airframe MRO market in 2022, amassing US$ 1,478.64 million. It is estimated to garner US$ 1,838.24 million by 2030 to expand at 2.8% CAGR during 2022-2030.
  
  Based on country, the Middle East & Africa airframe MRO market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE held 41.5% share of Middle East & Africa airframe MRO market in 2022, amassing US$ 1,375.09 million. It is projected to garner US$ 1,807.33 million by 2030 to expand at 3.5% CAGR during 2022-2030.
  
  Key players operating in the Middle East & Africa airframe MRO market are AAR CORP, Barnes Group Inc, GE Aviation, Turkish Technic Inc., Singapore Technologies Engineering Ltd, Lufthansa Technik, Delta TechOps, Rolls-Royce Holdings Plc, and Collins Aerospace, among others.
  
  2023: Turkish Technic, one of the world's leading maintenance, repair and overhaul (MRO) providers, signed another base maintenance agreement with Emirates, the largest Boeing 777 fleet operator in the world. This agreement will serve as an extension to the initial base maintenance annex signed in April 2023, which covered five Emirates Boeing 777s.
  
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