Ever since the start of the pandemic, the MRO (Maintenance, Repair, and Overhaul) industry has faced many challenges that had an impact on many industry players. According to Anca Gosling, Director of Training Content and Development at Aeroclass, an aviation digital learning platform, despite hurdles, the industry is expected to reach new heights in the coming years.
The current state of the MRO market indicates a remarkable recovery, with a projected market value of $94 billion in 2023, an increase of over 20% from the previous year. This growth signifies a return to pre-pandemic levels, as the global fleet has recovered by 98%, and passenger traffic has reached 90% by the beginning of 2023. However, Gosling points out that amidst this positive outlook, the industry further continues to face challenges that impede its rapid development.