Digital MRO Market – Global Opportunities and Forecast, 2020-2027
This global study conducted by GMI Research provides an
overview of the existing market trends, drivers, restrictions, and metrics and
also offers a viewpoint for different segments. The market report tracks the
overall demand growth during the forecast period. A regional study of the market
is also carried out in North America, Asia-Pacific, Europe, and the Rest of the
World. The report indicates growth parameters in the regional markets, along
with leading players that are dominating the industry.
Competitive Landscape:
The leading organizations covered in the Digital MRO Market are:
·
Ansys, Inc.
·
The Boeing Company
·
SAP SE
·
Capgemini SE
·
General Electric
·
Honeywell International, Inc.
·
Hexaware Technologies
·
IFS
·
IBM Corporation
·
Ramco Systems
·
Lufthansa Technik AG
Drivers of the Digital MRO Market:
The primary factors responsible for the growth of the global
digital MRO market
include the growing digitalization activities among MROs, increasing
penetration of Software-as-a Services (SaaS) across the aviation industry, and
the growing need for enhancing maintenance, repair & overhaul of existing
aircraft. The aviation industry is leveraging the potential of advanced
technologies such as big data analytics and AI to strengthen their capabilities
of predictive maintenance and supply chain. Thereby, it will significantly
boost the growth of the market. Airlines are adopting digital MRO to decrease
their annual operational cost, bring advancement in their supply chain,
increase their aftermarket service, and offer enhanced customer experience. On
the other hand, the high deployment cost of digital MRO software suite and lack
of a common data standard will hamper the growth of the market.
Based on the region, North America is projected to dominate
the market during the forecast period due to the rising number of aircrafts deliveries,
the presence of large and medium-sized MROs and airlines in this region.
Furthermore, the increasing digital transformation of MRO and MRO services and
the rising emergence of numerous innovative technologies such as IoT, AI, 3D
printing, and digital twins to handle and optimize difficult maintenance tasks
and repairs will accelerate the growth of the market.
For Additional Insights, Click to Access Complete Report:
https://www.gmiresearch.com/report/digital-mro-market/
Key Benefits offered by the Digital MRO Market report:
·
This study represents the analytical depiction
of the Digital MRO Market along with the ongoing trends and future estimations
to determine the imminent investment pockets.
·
The report provides detailed information related
to market drivers, restraints, and growth opportunities, followed by the
analysis of the Digital MRO Market share.
Segmentation of the Digital MRO Market:
The Digital MRO Market has been categorized into the
following segments:
Breakup by Technology:
·
Predictive Maintenance
·
AR/VR
·
3D Printing
·
Blockchain
·
Artificial Intelligence
·
Robotics
o
Drones
o
Robots
·
Big Data Analytics
·
Digital Twin
·
Internet of Things
Breakup by Application:
·
Inspection
·
Performance Monitoring
·
Predictive Analysis
·
Part Replacement
·
Mobility & Functionality
Breakup by End-User:
·
Airlines
o
Small Airlines
o
Medium Airlines
o
Large Airlines
·
MROs
o
Small MROs
o
Medium MROs
o
Large MROs
·
OEMs
o
Aircraft OEMs
o
Engine OEMs
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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