South Asia & Asia-Pacific: The Fastest-Growing Regions For Military MRO Demand In The Next Decade

More than $1 trillion is expected to be spent on the maintenance, repair and overhaul of military aircraft over the next decade, significantly more than will be spent on the procurement of new aircraft.
Credit: Photo Credit: U.S. Navy photo, Mass Communication Specialist Seaman Sophia Simons

According to the latest version of Aviation Week Network’s fleet and MRO forecast, the regions with the fastest-growing military MRO demand are South Asia and the Asia-Pacific, both expanding at a 2.2% CAGR over the next decade. India is expected to surpass the regional trend with a 3.1% growth rate as it recapitalizes its fighter strength through the 2020s and 2030s.

Military aircraft are projected to generate $1.16 trillion in maintenance demand over the next 10 years. Annual spending on MRO activities is expected to grow steadily throughout the period, rising from $110.1 billion in 2022 to $122.8 billion in 2031, exhibiting a compound annual growth rate (CAGR) of 1.22%. To put that into context in terms of its importance to the wider military aerospace market, the value of deliveries of new aircraft over the same period will amount to $823.7 billion.