Industry Economic Data
Living in the safest period in the history of US civil aviation, every traveler should understand the qualitative value of aviation maintenance and its impact on their lives. However, ARSA continually seeks to fully illustrate the broad impact of the industry on the economies, communities and peoples of the world. To that end, the association is constantly engaged in quantitative studies that investigate the true global impact of maintenance, repair and overhaul (MRO) operations.
Our most-recent research determined global air transport MRO (for jets and turboprops) is expected to be $67.1B in 2015. Considering expected expansion in both passenger traffic (which is projected to increase by 5 percent per year for the foreseeable future) and the size of international fleets, the aviation maintenance industry is forecast to grow by a healthy 4.1 percent over the next decade. By 2025, the industry’s global economic impact will surpass $100B.
Here in the U.S., over 4,000 MRO firms employing 142,000 men and women generate $43.2B in economic activity across all 50 states. More than 84 percent of these American repair stations have fewer than 50 employees. That’s 3,300 small businesses working in our communities every day as a part of this larger industry. In all, the maintenance and production of aviation parts and equipment accounts for nearly 300,000 jobs across the country.
Explore the reports below for a more in-depth look into this research and to investigate MRO economic activity in your state:
Industry economic research
Reports on the aviation maintenance industry’s global economic footprint and 10-year projections for sustained growth until 2024.
Bilateral Aviation Safety Agreements: Reducing costs for the aviation industry, A survey detailing the economic benefits of BASAs for repair stations.
Partnership with CAVOK
In order to continue providing the highest-quality analysis of global economic data and insight into developing trends, ARSA has partnered with CAVOK (formerlyTeamSAI).
CAVOK is a global aviation services and consulting firm. Its deep expertise and proprietary tools help customers incorporate the latest safety standards, improve process efficiency, and streamline maintenance processes, to reap significant economic benefit. CAVOK also draws on the ideas and expertise of its parent company, business consulting firm Oliver Wyman.
To learn more, visit www.cavokgroup.com.