India Aviation MRO Market Segmented By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others), By End User (Commercial, Military, Aviation), By Region, Competition, Forecast and Opportunities, 2029
The India aerospace and defense industry greatly depends on the maintenance, repair, and overhaul (MRO) sector, which assures the availability and airworthiness of aircraft. India is one of the largest civil aviation markets and opening a sizable development window for MRO facilities in India will generate new opportunities. India's mostly MRO needs are now satisfied by imports. The domestic MRO market in India is still in its development stage but has enormous development potential. The aviation industry's growth will be the key driver of the sector's expansion. Until the regional MRO business catches up to its overseas competitors in terms of scale and certified scope of services, dependence on foreign MROs is likely to remain intact. Companies eager to get involved and meet the MRO requirements for military aviation are closely monitoring this market because of the growth of the aviation industry, manufacturing capacity for aircraft parts and equipment, growing interest from private players, and establishment of some MRO facilities within India (mostly with OEM support). Only a few firms have experience in this field by supporting civil aviation MRO facilities, working with OEMs, or creating their own knowledge. As capabilities are developed and privatization increases, more businesses are entering military aviation. However, it is important to recognize the significant differences between civil and military aviation standards.
Recent Developments
The Indian government has taken various initiatives to promote MRO activities in the country. For instance, as of year 2021 the government has allowed 100% FDI in the MRO sector, which has attracted foreign investments. The government has also set up MRO facilities in various parts of the country, such as Nagpur, Hyderabad, and Bangalore. Similarly, Air India announced a purchase of 470 brand-new Boeing and Airbus aircraft in 2022, and it will generate revenue for India MRO market.
Market Overview
India Aviation MRO Market Drivers
MRO demand in India is predicted to increase far more quickly than the rest of the globe, presenting both, domestic and international investors, OEMs, and top MROs with lucrative investment potential. Through partnerships and alliances, several domestic and international firms may potentially think about making investments in India's MRO industry. A few noteworthy developments in the market include the MoU signed between Air India Engineering Services Ltd. (AIESL) and Pratt & Whitney to open a joint engine MRO facility in Mumbai and the partnership between the Wadia group and SIA Engineering Company. Such changes pave the way for a vibrant MRO market that promises to give India a robust operational ecosystem for both local and international trade.
Common sale and lease-back arrangement offering a broad range of maintenance services for redelivery, which is a crucial component of an airline's and lessor's MRO requirements is maintenance, particularly in India, where the sale-and-leaseback model is popular. This is a significant opportunity for both extensive maintenance and component repair. This is now being carried out primarily outside of India due to the several legal and technological restrictions.
India Aviation MRO Market Trends
Adoption of digital technologies like big data analytics, artificial intelligence (AI), and the Internet of Things (IoT) to increase operational efficiency and save costs is one of the key trends in the Indian MRO industry. The growing use of environmentally friendly MRO practices, such as recycling and lowering trash creation, is another trend. Similarly in the forecast years, the rise in the fleet of the aviation sector in India is also expected to generate new opportunity.
The increasing aircraft fleet, increased air traffic, and government initiatives to assist MRO activities in the country are just a few of the factors boosting the Indian MRO industry's development. The growth of smaller airlines and India's emergence as a center for low-cost carriers have both contributed to the MRO industry's rise in the country. In conclusion, the Indian MRO market is a dynamic industry with enormous potential. Market participants may take advantage of the chances created by the country's rising need for MRO services. In the upcoming years, the Indian MRO market is anticipated to rise due to government attempts to encourage MRO activity in the nation and an increase in aviation traffic.
India Aviation MRO Market Challenges
The economy of scale advantage prevents new MRO suppliers from entering the market by forcing them to decide between entering on a large scale and running the risk of a negative response from established businesses and entering in a small capacity and accepting a cost disadvantage. Both are unfavorable options. It is commonly emphasized that lack of skilled engineering, design, and technical manpower is a challenge. The government has, however, recently expanded its efforts to advance the aerospace sector. The general expansion of the Indian MRO industry would open job opportunities and perhaps even promote reverse migration.
Despite the growth potential, the Indian MRO market faces some challenges. One of the main challenges is the lack of skilled labor, which affects the quality of services provided and hinders the growth of the market. The high tax structure, including customs duty, is another challenge that increases the cost of MRO services, making them less competitive in the global market. The lack of proper infrastructure, such as maintenance facilities and testing equipment, is also a challenge that affects the growth of the market.
Market Opportunities
Opportunities in the India MRO market are vast, and players in the market can capitalize on them by offering specialized services, such as engine maintenance, component repair, overhaul, and avionics maintenance. The market also offers opportunities for players to set up MRO facilities in various parts of the country, as the demand for MRO services is expected to increase in the coming years. Government initiatives are also generating new opportunities. So overall in the forecast years, the market is expected to exhibit an impressive growth rate.
Market Segmentation
The India aviation MRO market is segmented by aircraft type, component, end user, company, and region. Based on aircraft type, the market is segmented by fixed wing aircraft and rotary wing aircraft. Based on component, the market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The market analysis also studies the region wise segmentation to devise market into North, South, West & East India
Company Profiles
Air India Engineering Services Ltd (AIESL), Air Works India Engineering Pvt. Ltd, Deccan Charters Private Limited, Indamer Aviation Pvt. Ltd., Max MRO Private Limited, Taj Air Ltd, GMR Aero Technic Limited, and Bird ExecuJet Airport Services Pvt Ltd.
Report Scope:
In this report, India aviation MRO market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India aviation MRO market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
Recent Developments
The Indian government has taken various initiatives to promote MRO activities in the country. For instance, as of year 2021 the government has allowed 100% FDI in the MRO sector, which has attracted foreign investments. The government has also set up MRO facilities in various parts of the country, such as Nagpur, Hyderabad, and Bangalore. Similarly, Air India announced a purchase of 470 brand-new Boeing and Airbus aircraft in 2022, and it will generate revenue for India MRO market.
Market Overview
India Aviation MRO Market Drivers
MRO demand in India is predicted to increase far more quickly than the rest of the globe, presenting both, domestic and international investors, OEMs, and top MROs with lucrative investment potential. Through partnerships and alliances, several domestic and international firms may potentially think about making investments in India's MRO industry. A few noteworthy developments in the market include the MoU signed between Air India Engineering Services Ltd. (AIESL) and Pratt & Whitney to open a joint engine MRO facility in Mumbai and the partnership between the Wadia group and SIA Engineering Company. Such changes pave the way for a vibrant MRO market that promises to give India a robust operational ecosystem for both local and international trade.
Common sale and lease-back arrangement offering a broad range of maintenance services for redelivery, which is a crucial component of an airline's and lessor's MRO requirements is maintenance, particularly in India, where the sale-and-leaseback model is popular. This is a significant opportunity for both extensive maintenance and component repair. This is now being carried out primarily outside of India due to the several legal and technological restrictions.
India Aviation MRO Market Trends
Adoption of digital technologies like big data analytics, artificial intelligence (AI), and the Internet of Things (IoT) to increase operational efficiency and save costs is one of the key trends in the Indian MRO industry. The growing use of environmentally friendly MRO practices, such as recycling and lowering trash creation, is another trend. Similarly in the forecast years, the rise in the fleet of the aviation sector in India is also expected to generate new opportunity.
The increasing aircraft fleet, increased air traffic, and government initiatives to assist MRO activities in the country are just a few of the factors boosting the Indian MRO industry's development. The growth of smaller airlines and India's emergence as a center for low-cost carriers have both contributed to the MRO industry's rise in the country. In conclusion, the Indian MRO market is a dynamic industry with enormous potential. Market participants may take advantage of the chances created by the country's rising need for MRO services. In the upcoming years, the Indian MRO market is anticipated to rise due to government attempts to encourage MRO activity in the nation and an increase in aviation traffic.
India Aviation MRO Market Challenges
The economy of scale advantage prevents new MRO suppliers from entering the market by forcing them to decide between entering on a large scale and running the risk of a negative response from established businesses and entering in a small capacity and accepting a cost disadvantage. Both are unfavorable options. It is commonly emphasized that lack of skilled engineering, design, and technical manpower is a challenge. The government has, however, recently expanded its efforts to advance the aerospace sector. The general expansion of the Indian MRO industry would open job opportunities and perhaps even promote reverse migration.
Despite the growth potential, the Indian MRO market faces some challenges. One of the main challenges is the lack of skilled labor, which affects the quality of services provided and hinders the growth of the market. The high tax structure, including customs duty, is another challenge that increases the cost of MRO services, making them less competitive in the global market. The lack of proper infrastructure, such as maintenance facilities and testing equipment, is also a challenge that affects the growth of the market.
Market Opportunities
Opportunities in the India MRO market are vast, and players in the market can capitalize on them by offering specialized services, such as engine maintenance, component repair, overhaul, and avionics maintenance. The market also offers opportunities for players to set up MRO facilities in various parts of the country, as the demand for MRO services is expected to increase in the coming years. Government initiatives are also generating new opportunities. So overall in the forecast years, the market is expected to exhibit an impressive growth rate.
Market Segmentation
The India aviation MRO market is segmented by aircraft type, component, end user, company, and region. Based on aircraft type, the market is segmented by fixed wing aircraft and rotary wing aircraft. Based on component, the market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The market analysis also studies the region wise segmentation to devise market into North, South, West & East India
Company Profiles
Air India Engineering Services Ltd (AIESL), Air Works India Engineering Pvt. Ltd, Deccan Charters Private Limited, Indamer Aviation Pvt. Ltd., Max MRO Private Limited, Taj Air Ltd, GMR Aero Technic Limited, and Bird ExecuJet Airport Services Pvt Ltd.
Report Scope:
In this report, India aviation MRO market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Aviation MRO Market, By Aircraft Type:
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- India Aviation MRO Market, By Component:
- Engine MRO
- Avionics MRO
- Airframe MRO
- Cabin MRO
- Landing Gear MRO
- Others
- India Aviation MRO Market, By End User:
- Commercial
- Military
- Aviation
- India Aviation MRO Market, By Region:
- East India
- West India
- North India
- South India
Company Profiles: Detailed analysis of the major companies present in India aviation MRO market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. IMPACT OF COVID-19 ON INDIA AVIATION MRO MARKET
5. INDIA AVIATION MRO MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Aircraft Type Market Share Analysis (Fixed Wing Aircraft, Rotary Wing Aircraft)
5.2.2. By Component Market Share Analysis (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others)
5.2.3. By End User Market Share Analysis (Commercial, Military, Aviation)
5.2.4. By Regional Market Share Analysis
5.2.4.1. East India Market Share Analysis
5.2.4.2. West India Market Share Analysis
5.2.4.3. North India Market Share Analysis
5.2.4.4. South India Market Share Analysis
5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)
5.3. India Aviation MRO Market Mapping & Opportunity Assessment
5.3.1. By Aircraft Type Market Mapping & Opportunity Assessment
5.3.2. By Component Market Mapping & Opportunity Assessment
5.3.3. By End User Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. INDIA FIXED WING AIRCRAFT AVIATION MRO MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Aircraft Type Market Share Analysis
6.2.2. By Component Market Share Analysis
6.2.3. By End User Market Share Analysis
7. ROTARY WING AIRCRAFT AVIATION MRO MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Aircraft Type Market Share Analysis
7.2.2. By Component Market Share Analysis
7.2.3. By End User Market Share Analysis
8. MARKET DYNAMICS
8.1. Market Drivers
8.2. Market Challenges
9. MARKET TRENDS & DEVELOPMENTS
10. SWOT ANALYSIS
10.1. Strength
10.2. Weakness
10.3. Opportunities
10.4. Threats
11. POLICY & REGULATORY LANDSCAPE
12. INDIA ECONOMIC PROFILE
13. COMPETITIVE LANDSCAPE
13.1. Company Profiles (Up To 10 Major Companies)
13.1.1. Air India Engineering Services Ltd (AIESL)
13.1.1.1. Company Details
13.1.1.2. Products & Services
13.1.1.3. Recent Development
13.1.1.4. Key Management Personnel
13.1.2. Air Works India Engineering Pvt. Ltd.
13.1.2.1. Company Details
13.1.2.2. Products & Services
13.1.2.3. Recent Development
13.1.2.4. Key Management Personnel
13.1.3. Deccan Charters Private Limited
13.1.3.1. Company Details
13.1.3.2. Products & Services
13.1.3.3. Recent Development
13.1.3.4. Key Management Personnel
13.1.4. Indamer Aviation Pvt. Ltd.
13.1.4.1. Company Details
13.1.4.2. Products & Services
13.1.4.3. Recent Development
13.1.4.4. Key Management Personnel
13.1.5. Taj Air Ltd
13.1.5.1. Company Details
13.1.5.2. Products & Services
13.1.5.3. Recent Development
13.1.5.4. Key Management Personnel
13.1.6. GMR Aero Technic Limited
13.1.6.1. Company Details
13.1.6.2. Products & Services
13.1.6.3. Recent Development
13.1.6.4. Key Management Personnel
13.1.7. Bird ExecuJet Airport Services Pvt Ltd
13.1.7.1. Company Details
13.1.7.2. Products & Services
13.1.7.3. Recent Development
13.1.7.4. Key Management Personnel
13.1.8. Max MRO Private Limited
13.1.8.1. Company Details
13.1.8.2. Products & Services
13.1.8.3. Recent Development
13.1.8.4. Key Management Personnel
14. STRATEGIC RECOMMENDATIONS
14.1. Key Focus Areas
14.1.1. Target Regions & Countries
14.1.2. Target Aircraft Type
14.1.3. Target Componet
15. ABOUT US & DISCLAIMER
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. IMPACT OF COVID-19 ON INDIA AVIATION MRO MARKET
5. INDIA AVIATION MRO MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Aircraft Type Market Share Analysis (Fixed Wing Aircraft, Rotary Wing Aircraft)
5.2.2. By Component Market Share Analysis (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others)
5.2.3. By End User Market Share Analysis (Commercial, Military, Aviation)
5.2.4. By Regional Market Share Analysis
5.2.4.1. East India Market Share Analysis
5.2.4.2. West India Market Share Analysis
5.2.4.3. North India Market Share Analysis
5.2.4.4. South India Market Share Analysis
5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)
5.3. India Aviation MRO Market Mapping & Opportunity Assessment
5.3.1. By Aircraft Type Market Mapping & Opportunity Assessment
5.3.2. By Component Market Mapping & Opportunity Assessment
5.3.3. By End User Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. INDIA FIXED WING AIRCRAFT AVIATION MRO MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Aircraft Type Market Share Analysis
6.2.2. By Component Market Share Analysis
6.2.3. By End User Market Share Analysis
7. ROTARY WING AIRCRAFT AVIATION MRO MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Aircraft Type Market Share Analysis
7.2.2. By Component Market Share Analysis
7.2.3. By End User Market Share Analysis
8. MARKET DYNAMICS
8.1. Market Drivers
8.2. Market Challenges
9. MARKET TRENDS & DEVELOPMENTS
10. SWOT ANALYSIS
10.1. Strength
10.2. Weakness
10.3. Opportunities
10.4. Threats
11. POLICY & REGULATORY LANDSCAPE
12. INDIA ECONOMIC PROFILE
13. COMPETITIVE LANDSCAPE
13.1. Company Profiles (Up To 10 Major Companies)
13.1.1. Air India Engineering Services Ltd (AIESL)
13.1.1.1. Company Details
13.1.1.2. Products & Services
13.1.1.3. Recent Development
13.1.1.4. Key Management Personnel
13.1.2. Air Works India Engineering Pvt. Ltd.
13.1.2.1. Company Details
13.1.2.2. Products & Services
13.1.2.3. Recent Development
13.1.2.4. Key Management Personnel
13.1.3. Deccan Charters Private Limited
13.1.3.1. Company Details
13.1.3.2. Products & Services
13.1.3.3. Recent Development
13.1.3.4. Key Management Personnel
13.1.4. Indamer Aviation Pvt. Ltd.
13.1.4.1. Company Details
13.1.4.2. Products & Services
13.1.4.3. Recent Development
13.1.4.4. Key Management Personnel
13.1.5. Taj Air Ltd
13.1.5.1. Company Details
13.1.5.2. Products & Services
13.1.5.3. Recent Development
13.1.5.4. Key Management Personnel
13.1.6. GMR Aero Technic Limited
13.1.6.1. Company Details
13.1.6.2. Products & Services
13.1.6.3. Recent Development
13.1.6.4. Key Management Personnel
13.1.7. Bird ExecuJet Airport Services Pvt Ltd
13.1.7.1. Company Details
13.1.7.2. Products & Services
13.1.7.3. Recent Development
13.1.7.4. Key Management Personnel
13.1.8. Max MRO Private Limited
13.1.8.1. Company Details
13.1.8.2. Products & Services
13.1.8.3. Recent Development
13.1.8.4. Key Management Personnel
14. STRATEGIC RECOMMENDATIONS
14.1. Key Focus Areas
14.1.1. Target Regions & Countries
14.1.2. Target Aircraft Type
14.1.3. Target Componet
15. ABOUT US & DISCLAIMER
