Saudi Arabia MRO Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Military Aviation (Multi-Role Aircraft MRO, Transport Aircract MRO, Transport Helicopter MRO, Others), Military/Defense Vehicle (IFV, MBT, APC, LMV, Others)), And By Provider (OEM, Third-Party) - Forecasts From 2023 To 2028

The Saudi Arabia MRO market is anticipated to grow at a compound annual growth rate of close to 5% over the forecast period to reach a valuation of over US$550 million by 2028. Air travel in emerging markets is expanding, which raises the need for aircraft maintenance and repair services. Many new MRO service facilities have lately opened in this region. Maintenance, repair, and operations (MRO) refer to the collection of operations and tasks involved in the upkeep of a factory or facility, which may include physical repairs of the structure or the building, equipment processes, and industrial equipment used to manufacture the factory or facility's primary business product.

This boosts the engagement of regional enterprises in aircraft maintenance and repair. As a result, regular inspections and maintenance on airplanes are critical to ensuring efficient performance and safe air travel. The growing aviation sector in Saudi Arabia is propelling the market to grow. For instance, According to Saudi Arabian government and industry leaders at the Future Aviation Forum (FAF) in Riyadh, the Kingdom of Saudi Arabia (KSA) pledged to invest $100 billion into its aviation sector by 2030 to upgrade its air transport facilities, establish a brand-new national airline, and provide a route for innovative airspace entrants such as drones and electronically controlled vertical take-off and landing (eVTOL) aircraft. Therefore, such developments will generate demand for the MRO market during the projected period.

The emergence of the aircraft industry in this region will surge the demand for the MRO market.

The Saudi Arabia aircraft MRO Market is being driven by rising requirements for new aircraft as part of fleet expansion and modernization plans started by regional carriers. Furthermore, increased collaboration among aircraft MRO suppliers is likely to drive their technological skills, allowing them to support new-generation aircraft acquired by airlines.

For instance, FL Technics, international aviation maintenance, and repair (MRO) service provider inked a deal with Saudia in August 2022. FL Technics offers aircraft base repair at the Kaunas hangar for the airline's Airbus A321 and A320 model aircraft under the terms of the agreement. The first plane landed at Kaunas airport in early August. Saudia is one of the Middle East's three major airlines, offering domestic and international scheduled flights to over 100 locations in the Middle East, Africa, Asia, Europe, and North America.

Furthermore, Saudi Aircraft Accessories and Components Company (AACC), a subsidiary of Saudi Arabian Military Industries (SAMI), announced in March 2022 the signing of a four-year partnership agreement with Safran Landing Systems to expand its maintenance, revision, and overhaul (MRO) capabilities in the Kingdom of Saudi Arabia to offer commercial aircraft and military rotary landing gears overhaul services. AACC, one of the Middle East's leading MRO service providers, now provides landing gear MRO services for F-15, C-130, and Typhoon military fixed-wing aircraft.

Market Developments:

• In March 2022, Saudi Aerospace Engineering Industries (SAEI), a wholly owned subsidiary of Saudi Arabian Airlines Holding, and Thales signed a final agreement to collaborate on premium maintenance services. This comprehensive MRO Platinum Care agreement increases the two firms' collaboration in the areas of Line Maintenance activities and the creation of an industrial partnership for aircraft part repairs. SAEI has benefitted from Thales' team of professionals working together in their sector to support industrial and technical best practices, providing SAEI with a competitive advantage in the MRO market.
• In February 2019, Magnetic MRO, a worldwide supplier of Total Technical Care for aircraft operators and lessors, and First Premium for Support Services (FPSS), a Saudi MRO firm, signed a Memorandum of Understanding (MoU) for combined EASA-compliant MRO operations in Saudi Arabia and the Region. The two firms decided to collaborate on the establishment and development of brake, wheel & tire, oxygen refill, and battery stores in Jeddah.

Saudi Arabia MRO Market Scope:

MARKET SEGMENTATION:

The Saudi Arabia MRO market has been analyzed through the following segments:

• By Type
  • Military Aviation
    • Multi-Role Aircraft MRO
    • Transport Aircraft MRO
    • Transport Helicopter MRO
    • Others
  • Military/Defense Vehicle
    • IFV
    • MBT
    • APC
    • LMV
    • Others
• By Provider
  • OEM
  • Third-Party