KUALA LUMPUR, May 13 (Bernama) -- Malaysia’s maintenance, repair and overhaul (MRO) market is on track to achieve RM55 billion in revenue target by the end of 2030 under the Malaysia Aerospace Industry Blueprint (MAIB) 2030, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.
He said the target represents about 25 per cent of the Asia-Pacific MRO market, which is projected to surpass US$60 billion by 2030.
“Malaysia, as the third largest MRO player in Asia Pacific, is positioning itself to capture a significant share of this value.
“We are shifting our focus toward higher-value MRO segments, such as component and engine maintenance,” he said in his speech at the MRO Southeast Asia 2026 event here today.
Sim added that the government is strengthening key enablers of the MRO market, namely infrastructure, talent and technology under MAIB 2030.
“We are revitalising Subang Airport through the Regeneration Plan and growing the Selangor Aero Park within KLIA Aeropolis. These hubs provide a scalable environment for MRO operators and Tier-1 suppliers.
“At the same time, we are committed to building a highly skilled workforce, aiming to create more than 30,000 high-skilled jobs by 2030 while accelerating the adoption of advanced solutions, including predictive maintenance and digitalised MRO tools,” he said.
Meanwhile, Sim said the impact of the ongoing conflict in West Asia on the aerospace sector is limited, noting that the impact is more likely to be felt in the airline business due to rising jet fuel prices.
“The impact (of West Asia conflict) remains limited on the aerospace sector. Aircraft components are still available, and aircraft continue to require regular maintenance as the industry grows. Therefore, it is not viewed as a pressing issue at this point,” he said.
Looking ahead, Sim said that the aerospace industry is expected to strengthen in the near term, driven by rising air traffic in Malaysia and across the Asia-Pacific region.
Hosted by Malaysia Airports Holdings Bhd in collaboration with the Aviation Week Network, MRO Southeast Asia 2026 brought together more than 350 participants from across the global aviation value chain to discuss the next phase of aerospace growth in the region.
-- BERNAMA
