MRO Software Market in Aviation - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global MRO Software Market in Aviation Market is accounted for $6.70 billion in 2019 and is expected to reach $9.82 billion by 2027 growing at a CAGR of 4.9% during the forecast period. Increasing demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft and demand for a shift from legacy management information system (MIS) to MRO software in aviation are the factors driving the growth of the market. However, the lack of data standards and limited adoption of MRO software are the factors hindering the growth of the market.
MRO Software in Aviation is a complete solution that delivers aircraft component maintenance development, logbook track, work order managing, service bulletins management, and electronic task card management. MRO software offers numerous functions, such as operation management includes training, safety, and quality assurance.
Based on the deployment type, the cloud segment is anticipated to hold considerable market share during the forecast period owing to the increased demand for MRO services and solutions in developing economies such as China, Indonesia, and India and the adoption of a hybrid model by industries, in which cloud software is hosted on a company’s private servers. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the significant rise in new commercial aircraft deliveries in developing countries, increase in passenger traffic, and presence of various major aviation MRO software providers.
Some of the key players profiled in the MRO Software Market in Aviation Market include IFS (Industrial And Financial Systems) AB, Tracware Limited, Swiss Aviationsoftware Ltd., Sopra Steria, SAP SE, Rusada, Ramco Systems Limited, Oracle Corporation, Lufthansa Technik Ag, International Business Machines Corporation (IBM), Aviation Intertec Services, Aerosoft Systems Inc., IBS Software, HCL Technologies Limited, GE Aviation, Fly Online Tools, Flatirons Solutions, Inc., Communications Software Limited, Bytzsoft Technologies Pvt. Ltd., and Boeing.
Deployment Types Covered:
Pricing Models Covered:
• Ownership Model
• Subscription Model
• Business Management
• Operations Management
• Electronic Flight Bag & Logbook Management
• Maintenance Management
Aircraft Types Covered:
• Prescriptive Maintenance
• Augmented Reality
• 3D Printing
• Advanced Analytics
• Big Data
• Digital Transformation
• Artificial Intelligence
• Commercial Air Transport
• Military Aviation
• Business & General Aviation
End Users Covered:
• Original Equipment Manufacturers (OEMs)
• Maintenance, Repair, and Overhaul (MROs)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2018, 2019, 2020, 2024 and 2027
- 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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