MRO Business Today is an exclusive fortnightly global aviation e-news magazine that is distributed to more than *45,932 high profile MRO professionals worldwide. It also generates worldwide readership through its website (www.mrobusinesstoday.com). Our digital magazine is shared with readers every fortnight covering the latest news and relevant insights carefully curated for MRO decision-makers.
The aviation industry is experiencing a steady annual growth rate of 4.3 percent, which in turn calls for approximately 43,420 to 43,600** new passenger and freighter aircraft to be added within the next two decades. In this context, the significance of Maintenance, Repair, and Overhaul (MRO) has increased with many new avenues on the horizon.
As the aviation sector continues its projected expansion, the MRO sector is seeing dynamic changes. Forecasts indicate that the global aviation MRO market is projected to reach 122.6 billion USD by 2030, growing at a CAGR of approximately 4.9%**. The rapid development of transportation infrastructure and the rising demand for air travel in various geographies will drive the highest MRO growth rates yet to be seen.