Aviation MRO Software Market Forecasts to 2030 - Global Analysis By Deployment Type (On-premise and Cloud), Solution (Software and Services), Function (Maintenance Management, Business Management, Operations Management and Other Functions), Application, End User and By Geography

According to Stratistics MRC, the Global Aviation MRO Software Market is accounted for $7.53 billion in 2023 and is expected to reach $12.45 billion by 2030 growing at a CAGR of 7.45% during the forecast period. Aviation MRO software refers to specialized software applications created to organize and streamline the maintenance and repair of aircraft and other aviation equipment. By offering order management, inventory control, shipping, scheduling, and other necessary services, these software systems ensure the efficient and secure operation of their fleets. Maintenance management, operation management, and business management, among other things, are the primary purposes of aviation MRO software. It carries out a number of crucial tasks, including inventory monitoring and assisting with vital and preventative upkeep and repairs.

According to the International Air Transport Association (IATA), a Canada-based association of world airlines, total traffic in February 2023 increased by 55.5% over February 2022 (measured in revenue passenger kilometers, or RPKs).



Market Dynamics:

Driver:

Growing demand for air travel

The aviation MRO software market is expanding as a result of rising air travel demand, rising MRO spending brought on by the expansion of aircraft fleets, and rising demand for new-generation aircraft. Compared to earlier models, the global aircraft of the new generation, such as the 787, A320 Neo, 737MAX, and A380, produce a lot of data. As a result, craft health monitoring will lower airline operating expenses. Additionally, the market is expanding as a result of the digitalization of MRO activities, the upgrade of the legacy MIS to digital MRO, and the adoption of aviation MRO software.

Restraint:

High costs of R&D

Despite a rise in demand for aviation MRO software, it is predicted that market growth will be constrained by the high cost of research and development for such software and services. The majority of electronic transmission, surveillance applications, communication, and other needs are satisfied by the MRO software. Additionally, the maintenance of these systems, as well as their development and integration across platforms, is expensive. Therefore, it is anticipated that these factors will adversely affect market growth.

Opportunity:

Rising global aircraft fleet

The world's fleet of aircraft is expanding due to increased air traffic, which is fueling the market's expansion, and more new MRO facilities are being constructed to service the expanding air fleet. For instance, MHI RJ Aviation Group (MHIRJ) increased its footprint in North America by opening a new MRO facility at Middle Georgia Regional Airport in Macon, Georgia, in January 2022. The West Virginia Service Center's Phase 1 expansion project by the MRO service provider was completed in October 2022. By constructing new MRO facilities, enlarging their existing ones, and expanding their operations into new regions, all of these expansions present new possibilities.

Threat:

Integration and regulatory challenges

It can be extremely difficult to integrate MRO software with pre-existing systems and databases. Workflow disruptions and compatibility problems with legacy systems can result in data transfer issues. In addition, the aviation sector is heavily regulated, and MRO software must adhere to the standards and laws of various aviation authorities. The complex and ongoing nature of compliance assurance further impedes market expansion.

Covid-19 Impact

The worldwide aviation market has been severely impacted by the COVID-19 pandemic. In 2020, the market for maintenance, repair, and overhaul suffered significantly from decreased passenger traffic and constrained aircraft movements. In accordance with the 2020 IATA report, airline passenger revenues worldwide decreased by USD 314 billion from 2019 levels, a 55% decrease. However, as travel restrictions eased in 2021 and aircraft movements gradually increased, the need for aircraft maintenance is anticipated to increase in the upcoming years. It is anticipated that this will assist in the resurgence of the related aviation MRO software sector.

The Maintenance, Repair, and Overhaul (MRO) segment is expected to be the largest during the forecast period

During the anticipated period, the MRO segment is expected to dominate the market share. Compared to OEMs and airlines, MRO companies are the primary users of MRO software. For the purpose of providing customers with quick and effective service, MRO businesses began implementing software-based MRO techniques. More new MRO facilities are being built to provide services to the expanding air fleet as the global aircraft fleet grows as a result of the increase in air traffic, which is driving the market's expansion.

The cloud segment is expected to have the highest CAGR during the forecast period

The cloud segment is anticipated to grow at the highest CAGR during the forecast period. The increased MRO industry in developing nations like China and India is expected to cause the segment to expand significantly. Moreover, the higher demand for data-storing solutions for fleet and maintenance management applications will also cause this segment to expand rapidly.

Region with largest share:

Market share for aviation MRO software was dominated by North America in 2022 and is expected to be dominant over the anticipated period. With the largest market share in the area, the U.S. dominated the market. North America is primarily driven by elements like rising consumer demand for affordable solutions, rising industry demand for automation, and rising OEM acceptance of cloud-based services. Furthermore, the presence of market players like ATP Inc., Oracle Corp., and IBM Corp. is anticipated to fuel market growth in the U.S., with plans for both domestic and international expansion.

Region with highest CAGR:

During the forecast period, the market in Asia Pacific is anticipated to grow at the highest CAGR. The aviation sector's technical perspective is being improved by digitalization in this area, allowing for more effective base, operation, and line management. Higher growth rates are therefore anticipated during the forecast period. Furthermore, it is anticipated that an increase in the aviation fleet for domestic and international routes to and from China will propel market growth in the Asia-Pacific region.



Key players in the market

Some of the key players profiled in the Aviation MRO Software Market include AerData BV, AeroSoft Systems Inc., Aviation Intertec Services Inc., CAMP Systems International Inc., Communications Software Limited, Flatirons Solutions, Inc., GE Aerospace, HCL Technologies Ltd, IBM Corporation, IBS Software Pvt. Ltd., IFS AB, Jet Support Services Inc., Lufthansa Technik AG, Oracle Corporation, Ramco Systems, Rusada Group SA, SAP SE, Sopra Steria, Swiss Aviation Software Ltd and The Boeing Company.

Key Developments:

In May 2023, Swiss Aviation Software (Swiss-AS) and Volocopter signed a significant multi-year contract this week for the utilization of Swiss-AS's maintenance, repair, and overhaul (MRO) software, AMOS. Under this agreement, AMOS will be employed for managing Volocopter's global fleet of electric vertical take-off and landing aircraft. The integration of this software will offer monitoring and analysis of aircraft reliability, and serve as an interface with the VoloIQ, Volocopter's digital operating system.

In April 2023, ATR has partnered with Swiss-AS, a leading MRO software company, to further improve the digitalisation of aircraft maintenance management. Through this collaboration, the two partners are working to improve and customise the integration of ATR maintenance data into the AMOS software provided by Swiss-AS to ATR operators.

In March 2023, AAR CORP, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has acquired Trax USA Corp., a leading independent provider of aircraft MRO and fleet management software.

Deployment Types Covered:
• On-premise
• Cloud

Solutions Covered:
• Software
• Services

Functions Covered:
• Maintenance Management
• Business Management
• Operations Management
• Other Functions

Applications Covered:
• Commercial
• Military

End Users Covered:
• Maintenance, Repair, and Overhaul (MRO)
• Original Equipment Manufacturer (OEM)
• Airlines

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances