Military Aircraft Maintenance Repair and Overhaul Market Insights Video

According to Cognitive Market Research, the global Military Aircraft Maintenance Repair and Overhaul market size is USD 36009.8 million in 2023 and will expand at a compound annual growth rate (CAGR) of 3.20% from 2023 to 2030.

• North America held the major market of more than 40% of the global revenue with a market size of USD 14403.92 million in 2023 and will grow at a CAGR of 1.4% from 2023 to 2030.
• Europe held the major market of more than 30% of the global revenue with a market size of USD 10802.94 million in 2023 and will grow at a CAGR of 1.7% from 2023 to 2030. 
• Asia Pacific held the major market of more than 23% of the global revenue with a market size of USD 8282.25 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030.
• Latin America held the major market of more than 5% of the global revenue with a market size of USD 1800.49 million in 2023 and will grow at a compound annual growth rate (CAGR) of 2.6% from 2023 to 2030.
• Middle East and Africa held the major market of more than 2.00% of the global revenue with a market size of USD 720.20 million in 2023 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030.
• The demand for Military Aircraft Maintenance Repair And Overhauls is rising due to rising military spending, and the prevalence of aging commercial and military aircraft fleets.
• Demand for Engine MRO remains higher in the Military Aircraft Maintenance Repair And Overhaul market.
• The Fixed-wing Aircraft category held the highest Military Aircraft Maintenance Repair And Overhaul market revenue share in 2023.