Press release
Digital MRO Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2026
The Digital MRO Market is projected to grow at a CAGR 10.29% rate from 2021 to 2026. Factors such as increasing digitalization of MRO activities by commercial airlines and MROs and the rising demand for enhancing the repair and maintenance operations of existing aircraft fleet are expected to fuel the digital MRO market.View Complete Report @ https://whipsmartmi.com/Report/Digital-Mro-Market
The North America digital MRO market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing aircraft deliveries in the region. Many large and medium MROs and airlines are present in this region. Also, increase in the MRO services and digital transformation of MROs is expected to drive the demand for digital MRO in the region.
Based on technology, the artificial intelligence segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for predictive maintenance, part failure analysis, and troubleshooting. IBM has been developing AI-based software for increasing agility in the workflow.
The key market players in the digital MRO market include IBM Corporation (US), IFS (Sweden), Ramco Systems (India), Rusada (Switzerland). SAP (Germany), Swiss Aviation Software (Switzerland), Lufthansa Technik (Germany), General Electric (US), Boeing (US), and Honeywell International (US).
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