Aviation Mro Software Market
Aviation Maintenance, Repair, and Operations (MRO) Software Market Forecasts to 2028 - Global Analysis By Solution (Software and Services), By Function (Maintenance Management, Business Management, Operations Management and Electronic Flight Bag & Logbook Management), By Point of Sale, By Deployment, By Application, By End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $7.20 BN |
|
Projected Year Value (2028) |
US $10.76 BN |
|
CAGR (2022 - 2028) |
6.93% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Aviation MRO Software Market is accounted for $7.20 billion in 2022 and is expected to reach $10.76 billion by 2028 growing at a CAGR of 6.93% during the forecast period. Predictive maintenance analysis and condition-based maintenance support are made possible by aviation MRO software, which is provided as a service to end users, including airline operators, MROs, and OEMs. It consists of a substantial database and management modules for operations, maintenance, business, and electronic flight bags and logbooks, which can be offered through a cloud-based platform or deployed on-premises. In order to perform predictive maintenance, the aviation sector has connected to ground-based MRO systems and become more data-driven. On the basis of data gathered by software using aviation analytics digital twin technologies, it comprises tracking and effective operations.
According to Airbus SAS, by the end of October 2020, Airbus SAS delivered 341 aircraft compared to 571 aircraft in 2019.
Market Dynamics:
Driver:
Growing use of internet of things (IOT) and artificial intelligence (AI)
A substantial transformation is occurring in the aviation industry as a result of the development of AI, machine learning, IoT, and AR. Algorithms are developed through machine learning using existing data. With new information, it can predict results for the future. Machine learning in MRO software will decrease supply chain risk, identify project risk areas, and provide many other benefits. With its voice interface, artificial intelligence is predicted to enable simple operations, improved effectiveness, higher employee productivity, and a decreased requirement for training. The MRO software will be more capable of handling the massive volume of data with IoT integration. IoT can connect the entire value chain, enabling more productive, faster, and more dependable processes from production to supply chain operations.
Restraint:
High initial costs
The needs of the majority of communication and surveillance applications, electronic transmission, and others have to be met by MRO software. The program must be built for platform compatibility due to the rapid technological advancement of both equipment and software. So far, because the design and development of the module are so complicated, there are high costs associated with researching and developing the unique technology. Costly expenses include the development, integration, and maintenance of systems that cross platforms. Because of these factors, it is projected that market growth will decline.
Opportunity:
Rising need for advanced MRO
Due to the increase in air passenger traffic, airlines all over the world are focusing on growing the size of their aircraft fleet. The expansion of aircraft fleets will likely contribute to the market's growth throughout the forecast period. Due to rising demand for air travel and an expanding fleet of aircraft, the MRO sector is anticipated to experience steady growth during the anticipated period. Several aircraft operators are adopting aviation MRO software solutions in accordance with the growing demand for efficient paperless operations, maintenance operations with quicker turnaround times (TAT), and predictive maintenance.
Threat:
Technical publications
Developing, monitoring, updating, and, when necessary, approving manuals is another factor worth mentioning. Even companies that have switched to mobile content usually handle their technical publications in the same manner as they have for decades. The majority are handling it internally with poor outcomes, and the manuals have become harder for those departments to maintain because digital content distribution is less forgiving than paper. In order to address this issue, a number of airlines have invested heavily in document management systems, which sharply raise prices and significantly complicate life for the staff members who manage and contribute to the manuals. These factors are hindering the market from expanding.
Covid-19 Impact:
Lockdown had a significant negative effect on the aviation sector, slowing down aircraft production and delaying aircraft deliveries. Therefore, the pandemic has had an effect on almost 40% of aircraft deliveries worldwide. The demand for MRO services and software has significantly decreased as a result of the decline in aircraft deliveries. The COVID-19 epidemic had a significant influence on aviation worldwide. 2020 has seen a substantial impact on the market for maintenance, repair, and overhaul due to lower passenger volume and constrained aircraft movements. However, when travel limitations are lifted and aircraft movements steadily increase, it is anticipated that the demand for aviation maintenance will expand during the following decades.
The software segment is expected to be the largest during the forecast period
The software segment is anticipated to have the largest market revenue share due to the use of AI and IoT in MRO software and by the rising adoption of software-based solutions, including digital logbooks, maintenance manuals, and other tools for monitoring aircraft health.
The maintenance management segment is expected to have the highest CAGR during the forecast period
Due to the significant demand for modern fleet and inventory management software from airline operators and MRO organizations, the maintenance management segment is anticipated to have the highest market growth and is predicted to have the highest CAGR throughout the projection period. The expansion is related to the increasing need for maintenance tasks and the expanding aircraft fleets around the world, which create a demand for fleet management software. The maintenance management sector is projected to grow rapidly throughout the projection period as a result of the growing usage of MRO software, which secures crucial information for future use and speeds up turnaround times in emergencies.
Region with largest share:
The Asia-Pacific region is anticipated to have the largest market share, as the region's vast aircraft fleet is anticipated to significantly increase demand for MRO software. For instance, the presence of more than 7,900 commercial aircraft in the Asia Pacific region as of 2021 indicates the region's high potential demand for MRO software. In comparison to most global markets, the region's average aircraft fleet is substantially larger, which increases demand for aircraft MRO. One of the markets for aviation in the Asia-Pacific region with the highest growth is that of China and India. Furthermore, the rapid growth of aviation maintenance, repair, and overhaul software is primarily due to the region's growing aircraft fleet and the presence of significant aircraft maintenance and repair facilities in countries such as China and Singapore that use MRO software.
Region with highest CAGR:
Digitalization in this sector is improving the technological perspective in the aviation industry for effective and efficient base management, operation management, and line management, the market in Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Moreover, it is anticipated that an increase in the aviation fleet for domestic and international routes entering and leaving China will propel market expansion within this nation.
Key players in the market
Some of the key players in Aviation MRO Software market include AeroSoft Systems Inc., ATP Inc., Aviation Intertec Services Inc., Boeing, CAMP Systems International Inc., Communication Software (Airline Systems) Limited, GE Aviation, HCL Technologies Limited, IBM Corporation, IFS AB, ISB Software Pvt. Ltd., Jet Support Services Inc., Lufthansa Technik AG, Oracle Corporation and Ramco Systems.
Key Developments:
In February 2022, Oracle Corporation introduced new logistics features within its software platforms, such as Fusion Cloud SCM, Fusion Cloud Transportation Management, and Fusion Cloud Global Trade Management, which will help reduce cost, risk minimization, resource planning, improve customer service experience, and provide agile business operations.
In December 2021, the United States-based Pathfinder Aviation announced that it has opted to install Ramco System’s aviation software for business needs. The software will offer modules covering maintenance, supply chain management, and flight operations.
In November 2021, the low-cost carrier Viva Air awarded an MRO software contract to IFS, a cloud enterprise applications company. Under the agreement, IFS’s MRO and fleet planning software will support the Latin American airline’s maintenance planning and execution across its fleet of aircraft.
Solutions Covered:
• Software
• Services
Functions Covered:
• Maintenance Management
• Business Management
• Operations Management
• Electronic Flight Bag & Logbook Management
Point of Sales Covered:
• Ownership
• Subscription
Deployments Covered:
• Cloud
• On-premise
Applications Covered:
• Military
• Commercial
• Other Applications
End Users Covered:
• Operators
• Maintenance, Repair, and Overhaul's (MROs)
• Original Equipment Manufacturers (OEMs)
• Lessors
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 2020, 2021, 2022, 2025, and 2028
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-110
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aviation MRO Software Market, By Solution
5.1 Introduction
5.2 Software
5.2.1 Suite
5.2.2 Point Solution
5.2.3 Enterprise Resource Planning (ERP) Solution
5.3 Services
5.3.1 Consulting
5.3.2 Deployment & Integration
5.3.3 Support, Maintenance & Up-gradation
6 Global Aviation MRO Software Market, By Function
6.1 Introduction
6.2 Maintenance Management
6.2.1 Engine Maintenance
6.2.2 Line Maintenance
6.2.3 Base Maintenance
6.2.4 Fleet Maintenance
6.3 Business Management
6.3.1 Sales & Marketing
6.3.2 Accounts & Finance
6.3.3 Human Resource
6.4 Operations Management
6.4.1 Supply Chain Management
6.4.2 Training, Safety & Quality Assurance
6.4.3 Engineering & Continuing Airworthiness Management Organization (CAMO)
6.4.4 Asset & Inventory Management
6.4.5 Documentation
6.4.6 Health Monitoring
6.4.7 Other Operations Managements
6.5 Electronic Flight Bag & Logbook Management
7 Global Aviation MRO Software Market, By Point of Sale
7.1 Introduction
7.2 Ownership
7.3 Subscription
8 Global Aviation MRO Software Market, By Deployment
8.1 Introduction
8.2 Cloud
8.3 On-premise
9 Global Aviation MRO Software Market, By Application
9.1 Introduction
9.2 Military
9.3 Commercial
9.4 Other Applications
10 Global Aviation MRO Software Market, By End User
10.1 Introduction
10.2 Operators
10.2.1 Airline Operator
10.2.1.1 Small Airlines (Less Than 100 Aircraft)
10.2.1.2 Medium Airlines (100 to 400 Aircraft)
10.2.1.3 Large Airlines (More Than 400 Aircraft)
10.2.1.4 Helicopter Operators
10.2.1.5 Business Jet Operators
10.3 Maintenance, Repair, and Overhaul's (MROs)
10.3.1 Small MROs (Less Than 100 Employees)
10.3.2 Medium MROs (101 to 500 Employees)
10.3.3 Large MROs (More Than 500 Employees)
10.4 Original Equipment Manufacturers (OEMs)
10.4.1 Engine OEMs
10.4.2 Aircraft OEMs
10.5 Lessors
10.5.1 Small Lessors (Less Than 100 Aircraft)
10.5.2 Medium Lessors (100 to 400 Aircraft)
10.5.3 Large Lessors (More Than 400 Aircraft)
11 Global Aviation MRO Software Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 AeroSoft Systems Inc.
13.2 ATP Inc.
13.3 Aviation Intertec Services Inc.
13.4 Boeing
13.5 CAMP Systems International Inc.
13.6 Communication Software (Airline Systems) Limited
13.7 GE Aviation
13.8 HCL Technologies Limited
13.9 IBM Corporation
13.10 IFS AB
13.11 ISB Software Pvt. Ltd.
13.12 Jet Support Services Inc.
13.13 Lufthansa Technik AG
13.14 Oracle Corporation
13.15 Ramco Systems
List of Tables
1 Global Aviation MRO Software Market Outlook, By Region (2020-2028) ($MN)
2 Global Aviation MRO Software Market Outlook, By Solution (2020-2028) ($MN)
3 Global Aviation MRO Software Market Outlook, By Software (2020-2028) ($MN)
4 Global Aviation MRO Software Market Outlook, By Suite (2020-2028) ($MN)
5 Global Aviation MRO Software Market Outlook, By Point Solution (2020-2028) ($MN)
6 Global Aviation MRO Software Market Outlook, By Enterprise Resource Planning (ERP) Solution (2020-2028) ($MN)
7 Global Aviation MRO Software Market Outlook, By Services (2020-2028) ($MN)
8 Global Aviation MRO Software Market Outlook, By Consulting (2020-2028) ($MN)
9 Global Aviation MRO Software Market Outlook, By Deployment & Integration (2020-2028) ($MN)
10 Global Aviation MRO Software Market Outlook, By Support, Maintenance & Up-gradation (2020-2028) ($MN)
11 Global Aviation MRO Software Market Outlook, By Function (2020-2028) ($MN)
12 Global Aviation MRO Software Market Outlook, By Maintenance Management (2020-2028) ($MN)
13 Global Aviation MRO Software Market Outlook, By Engine Maintenance (2020-2028) ($MN)
14 Global Aviation MRO Software Market Outlook, By Line Maintenance (2020-2028) ($MN)
15 Global Aviation MRO Software Market Outlook, By Base Maintenance (2020-2028) ($MN)
16 Global Aviation MRO Software Market Outlook, By Fleet Maintenance (2020-2028) ($MN)
17 Global Aviation MRO Software Market Outlook, By Business Management (2020-2028) ($MN)
18 Global Aviation MRO Software Market Outlook, By Sales & Marketing (2020-2028) ($MN)
19 Global Aviation MRO Software Market Outlook, By Accounts & Finance (2020-2028) ($MN)
20 Global Aviation MRO Software Market Outlook, By Human Resource (2020-2028) ($MN)
21 Global Aviation MRO Software Market Outlook, By Operations Management (2020-2028) ($MN)
22 Global Aviation MRO Software Market Outlook, By Supply Chain Management (2020-2028) ($MN)
23 Global Aviation MRO Software Market Outlook, By Training, Safety & Quality Assurance (2020-2028) ($MN)
24 Global Aviation MRO Software Market Outlook, By Engineering & Continuing Airworthiness Management Organization (CAMO) (2020-2028) ($MN)
25 Global Aviation MRO Software Market Outlook, By Asset & Inventory Management (2020-2028) ($MN)
26 Global Aviation MRO Software Market Outlook, By Documentation (2020-2028) ($MN)
27 Global Aviation MRO Software Market Outlook, By Health Monitoring (2020-2028) ($MN)
28 Global Aviation MRO Software Market Outlook, By Other Operations Managements (2020-2028) ($MN)
29 Global Aviation MRO Software Market Outlook, By Electronic Flight Bag & Logbook Management (2020-2028) ($MN)
30 Global Aviation MRO Software Market Outlook, By Point of Sale (2020-2028) ($MN)
31 Global Aviation MRO Software Market Outlook, By Ownership (2020-2028) ($MN)
32 Global Aviation MRO Software Market Outlook, By Subscription (2020-2028) ($MN)
33 Global Aviation MRO Software Market Outlook, By Deployment (2020-2028) ($MN)
34 Global Aviation MRO Software Market Outlook, By Cloud (2020-2028) ($MN)
35 Global Aviation MRO Software Market Outlook, By On-premise (2020-2028) ($MN)
36 Global Aviation MRO Software Market Outlook, By Application (2020-2028) ($MN)
37 Global Aviation MRO Software Market Outlook, By Military (2020-2028) ($MN)
38 Global Aviation MRO Software Market Outlook, By Commercial (2020-2028) ($MN)
39 Global Aviation MRO Software Market Outlook, By Other Applications (2020-2028) ($MN)
40 Global Aviation MRO Software Market Outlook, By End User (2020-2028) ($MN)
41 Global Aviation MRO Software Market Outlook, By Operators (2020-2028) ($MN)
42 Global Aviation MRO Software Market Outlook, By Airline Operator (2020-2028) ($MN)
43 Global Aviation MRO Software Market Outlook, By Maintenance, Repair, and Overhaul's (MROs) (2020-2028) ($MN)
44 Global Aviation MRO Software Market Outlook, By Small MROs (Less Than 100 Employees) (2020-2028) ($MN)
45 Global Aviation MRO Software Market Outlook, By Medium MROs (101 to 500 Employees) (2020-2028) ($MN)
46 Global Aviation MRO Software Market Outlook, By Large MROs (More Than 500 Employees) (2020-2028) ($MN)
47 Global Aviation MRO Software Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
48 Global Aviation MRO Software Market Outlook, By Engine OEMs (2020-2028) ($MN)
49 Global Aviation MRO Software Market Outlook, By Aircraft OEMs (2020-2028) ($MN)
50 Global Aviation MRO Software Market Outlook, By Lessors (2020-2028) ($MN)
51 Global Aviation MRO Software Market Outlook, By Small Lessors (Less Than 100 Aircraft) (2020-2028) ($MN)
52 Global Aviation MRO Software Market Outlook, By Medium Lessors (100 to 400 Aircraft) (2020-2028) ($MN)
53 Global Aviation MRO Software Market Outlook, By Large Lessors (More Than 400 Aircraft) (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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