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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GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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