Leveraging the world’s leading infrastructure, we will deliver one-stop aviation MRO services.
Overview of the Aviation MRO Industry (Maintenance, Repair, and Overhaul)
Aviation MRO refers to the activities of Maintenance, Repair, and Overhaul. These activities are essential for maintaining the safety and reliability of aircraft, ensuring safe operations and enhancing performance.
Scope of Aviation MRO Business
| Category | Line Maintenance | Airframe Maintenance | Component Maintenance | Engine Maintenance | Modification Projects | |
|---|---|---|---|---|---|---|
| Technical Intensity | Low | Medium | Medium-high | High | High | |
| Maintenance Content | Routine Pre- and Post-Flight Checks | (Light Maintenance Cycle) Every 1–3 months (300–1,000 hours) ⇩ (Heavy Maintenance Cycle) Every 1.5–3 years (4,000–8,000 hours) ⇩ (Overhaul Cycle) Every 6–8 years (24,000–40,000 hours) |
Testing (Inspection) ⇩ Disassembly of Components ⇩ Replacement of Spare Parts ⇩ Repair of Faulty Parts |
Real-time Engine Condition Monitoring ⇩ Engine Maintenance upon Performance Degradation as Indicated by Monitoring Results ⇩ (Overhaul Cycle) Every 3–8 Years |
Life Extension of Aging Passenger Aircraft (Overhaul) ⇩ Conversion of Passenger Aircraft into Cargo Aircraft (Performance Enhancement, Repurposing) |
|
| Cost Structure | Labor Costs | 85% | 70% | 40% | 20% | 40% |
| Material Costs | 15% | 30% | 60% | 80% | 60% | |
Global and domestic aviation MRO market outlook
Global Market
- The global aviation MRO market is projected to be worth USD 103.9 billion (approximately KRW 135 trillion) by 2024 and to grow at an average annual rate of 1.8% to USD 124.1 billion (about KRW 161 trillion) by 2034.
Asia-Pacific Market
- The Asia-Pacific region's aviation MRO market size is forecast to reach USD 33.8 billion (approx. KRW 44 trillion) by 2024, accounting for 32.5% of the global market. By 2034, it is expected to grow to USD 41.0 billion (approx. KRW 53 trillion) for a 33% market share, which would make it the largest in the world.
Domestic Market
- The domestic civil aviation MRO market from 2018 to 2022 averaged KRW 2.2 trillion per year, with 52% (approximately KRW 1.1 trillion) being outsourced overseas annually.
Incheon International Airport’s aviation MRO complex
Aircraft maintenance complex
Maintenance hangar for national airlines
Korean Air, Asiana Airlines, and Sharp Technics K are currently operating a total of four maintenance hangars.
Cargo aircraft maintenance hangar
under development, with Atlas Air expected to move in.
HighTech Aviation Complex
Stage 1 of the development is underway, with Israel Aerospace Industries (IAI) set to occupy the space.
- Development Plan for the HighTech Aviation Complex by Phase
| Category | Development Area |
|---|---|
| Phase 1 | 622,000 ㎡ (190,000 pyeong) |
| Phase 2 | 924,000 ㎡ (280,000 pyeong) |
| Phase 3 | 800,000 ㎡ (240,000 pyeong) |
| Total | 2,346,000 ㎡ (710,000 pyeong) |
Inquiries
- Telephone : +82-32-741-2261, 2262
- Managing department : Aviation Facilities Development Team