Press release
Aviation MRO Software Industry Global Analysis Report by 2028
Aviation MRO Software Market
In recent years the MRO industry is significantly evolving in terms of technology and automation in aircraft maintenance. It offers solutions such as troubleshooting, repairs & modifications, and other necessary checks as prescribed by the manufacturer of the aircraft. Additionally, the adoption of big data, artificial intelligence, robotics, and other digitized technologies while performing maintenance has resulted in increased efficiency and decreased downtime. Therefore, many manufacturers are working on this technology. For instance, in June 2021 Ramco Systems announced it will provide its Aviation M&E MRO Software V5.8 to Bristow Group for maintaining engineering operations. This partnership would allow Bristow to access maintenance management, smart inventory, and other services.
COVID-19 Impact-
The outbreak of the COVID-19 pandemic had a positive impact on the market due to the dramatic digitalization of businesses amid the pandemic. Thus many prominent market players are investing in R&D to accelerate the growth of aviation software. For instance, in June 2021, AerinX partnered with Sharjah-based VD Gulf to implement its (MR) mixed reality-based aircraft maintenance software solution for the base maintenance facility at Sharjah International Airport. This software will provide maintenance engineers to identify damages precisely & accurately and reduce maintenance downtime and costs of maintenance. We are providing in-depth research reports to help you better understand the current scenario of this market amid the pandemic.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aviation-mro-software-market-101798
List of Key Players Profiled in Aviation MRO Software Market Report
• Oracle Corporation (U.S.)
• The Boeing Company (U.S.)
• Swiss Aviation Software (Switzerland)
• IBS Software (India)
• Rusada (Switzerland)
• HCL Technologies Limited (India)
• SAP SE (Germany)
• International Business Machines Corporation (U.S.)
• Ramco Systems Limited (India)
• IFS AB (Sweden)
• Communications Software Limited (U.K.)
• Aviation Intertec Services (Canada)
• Aerosoft Systems Inc. (U.S.)
• Jet Support Services, Inc. (U.S.)
• Lufthansa Technik (Germany)
• GE Aviation (U.S.)
Segmentation-
Significant Adoption of Software Based MRO Solution to Boost Market
By solution, it is bifurcated into software and service. By function, it is trifurcated into maintenance management, operation management, and business management. On the basis of point of scale, it is divided into subscription and ownership. By deployment type, it is divided into on-premise and cloud. Based on end-user, it is divided into airlines operator, ORMs, and OEMs. The airlines operator segment held the market share of 14.50% in 2020. This is attributable to booming aviation industry. Geographically, the market is classified into North America, Europe, Asia Pacific, Middle East, and the Rest of the World.
Report Coverage-
The research report focuses on analyzing aviation MRO software technology by taking into consideration contributions, prospects, and growth trends. It presents detailed profiles of key players present in the market to determine their competencies in each segment. Besides, it ensures to help our clients better understand the competitive landscape, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.
Drivers & Restraints
Procurement of Modern Aircraft in Large Numbers to Favor Aviation MRO Software Market Growth
Usage of aircraft such as Boeing 787 and Airbus A320-Neo generates a large amount of data as compared to older aircraft. Thus to maintain such humongous data of modern-day aircraft, the aircraft health monitoring reduces the operational cost of airlines to a minimum. Since a large amount of data usage enhances the efficiency of the maintenance process. Additionally, the increasing air passenger traffic and the concept of low-cost airlines are responsible for increased aircraft deliveries all over the world. For instance, a subsidiary of Interglobe aviation, Indigo airlines holds 59.24% of the domestic air travel market in India. This airline is the biggest customer of the Airbus320 family and holds a fleet of around 280 aircraft with around 350 aircraft that are yet to be delivered. The company is well known for its on-time schedule with minimum delays due to the high involvement of software for their maintenance practices including troubleshooting and major repairs in these modern air pieces of machinery.
However, the MRO software's limited adoption and the lack of data standards may hinder market growth.
Regional Insights
North America to Lead Market Share led by Presence of Major Players
North America will dominate the market position during the forecast period led by the presence of Oracle Corporation, the Boeing Company, GE aviation, and other prominent players. In addition, the growing utilization of software for forecasting and maintenance will strengthen the regional outlook. The regional market stood at USD 1.83 billion in 2020.
The European market will showcase substantial growth over 2021-2028 in the aviation MRO software market share. This growth can be attributed to the presence of leading market players and OEMs including Lufthansa Technik, Swiss Aviation Software, and Communications Software Limited.
Competitive Landscape
Key Players to Focus on Collaborations to Strengthen their Market Prospectus
The global market is home to several major players that are collaborating hands with local or reputed firms to launch new solutions strengthen their portfolio in the market. Below is one such industry development:
• July 2021, Empower MX signed a five-year contract with CAS, which is a leading provider of MRO. Empower MX is a leading cloud-based software platform that is designed to accelerate digital adoption in airline, MRO, and defense establishments. Its product suite helps engineering and compliance, heavy and line maintenance, shop and materials management.
Inquire Before Buying Report:
https://www.fortunebusinessinsights.com/enquiry/queries/aviation-mro-software-market-101798
Address: Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India.
Phone: US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: sales@fortunebusinessinsights.com
LinkedIn| Facebook |Twitter
About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aviation MRO Software Industry Global Analysis Report by 2028 here
News-ID: 2580706 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for MRO
Global Commercial Aero Engine MRO Market Size by Application, Type, and Geograph …
According to Market Research Intellect, the global Commercial Aero Engine MRO market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The global recovery of air travel and the increasing number of commercial aircraft in operation are the…
Digital MRO :- Strategic Developments & Key Insights
The Digital MRO Market is expected to register a CAGR of 10.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Technology (AR and VR, Big Data and IoT, Blockchain, Digital Twin, Robotics and Drones, Others), Application (Inspection, Maintenance, Monitoring, Training, Others), End User (Commercial Airline Operator, MRO Service Provider, Others). The global analysis…
Emerging Trends Influencing The Growth Of The Air Transport MRO Market:Technolog …
The Air Transport MRO Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Air Transport MRO Market Size Expected to Be by 2034?
Recently, there has been significant growth in the air transport MRO market. It is projected to increase from $88.11 billion…
Aircraft Engine MRO Market : An Overview
Introduction:
Aircraft Engine Maintenance, Repair, and Overhaul (MRO) is a vital segment of the aviation industry, ensuring the safety, reliability, and performance of aircraft engines. This sector supports commercial, military, and general aviation fleets by offering regular maintenance, advanced diagnostics, and complete overhauls. With the global aviation industry continuously expanding, the demand for MRO services is witnessing substantial growth. Aircraft engine MRO involves activities like routine checks, component replacement, and engine…
Air Transport MRO Market Report 2024 - Air Transport MRO Market Size, Share And …
"The Business Research Company recently released a comprehensive report on the Global Air Transport MRO Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The air transport mro…
Helicopter MRO Market 2024 - 2030
According to new research study by The Insight Partners, Helicopter MRO Market Research Report 2030 thinks about key breakdowns in the industry with insights about the market drivers and market restrictions. The report illuminates accumulating an all-encompassing rundown of factual investigation for the market scape. While setting up this expert and top to bottom statistical surveying report, client necessity has been kept into center. The report covers a few overwhelming elements encompassing…
