Digital MRO Market Research Report

Digital MRO Market:

The GMI Research forecasts that the digital MRO market is witnessing an upsurge in demand during the forecast period. This is mainly due to increasing penetration of Software-as-a Services (SaaS) around the aviation industry and growing digitalization activities among MROs.

Top Manufacturers in the Digital MRO Market:

·        Ansys, Inc.

·        The Boeing Company

·        SAP SE

·        Capgemini SE

·        General Electric

·        Honeywell International, Inc.

·        Hexaware Technologies

·        IFS

·        IBM Corporation

·        Ramco Systems

·        Lufthansa Technik AG

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Digital MRO Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The increasing penetration of Software-as-a Services (SaaS) around the aviation industry, growing digitalization activities among MROs, and the rising need for enhancing maintenance, repair & overhaul of existing aircraft, are the major factors surging the growth of the digital MRO market size. According to digital MRO market overview, the aviation industry is increasingly using advanced technologies such as big data analytics and AI to improve their predictive maintenance and supply chain abilities, which will further propel the growth of the market. As per the digital MRO market analysis, airlines are rapidly adopting digital MRO to bring advancement in their supply chain, expand their aftermarket service, minimize their annual operational cost, and offer improved customer experience. On the other hand, the factors hindering the market growth include lack of common data standards and the high deployment cost of digital MRO software suite.

End-User Segment Drivers

Based on the End-User, the MRO segment is expected to grow at a higher CAGR in the market during the forecast period due to the growing focus of MROs on fulfilling the regulatory needs while reducing the timeline and maintenance cost of aircraft is promoting them to heavily invest in advanced technologies such as blockchain, AI, and digital twin. All these factors are fuelling the MROs segment in the market.

Regional Drivers

Based on the region, North America is expected to dominate the market during the forecast period due to the increasing number of aircrafts deliveries, strong presence of large and medium-sized MROs and airlines in this region. Moreover, the rising digital transformation of MRO and MRO services and the growing emergence of numerous innovative technologies such as IoT, AI, 3D printing, and digital twins to tackle and optimize difficult maintenance tasks and repairs are further boosting the growth of the market.

Digital MRO Market Segmentation:

Segmentation by Technology:

·        Predictive Maintenance

·        AR/VR

·        3D Printing

·        Blockchain

·        Artificial Intelligence

·        Robotics

o    Drones

o    Robots

·        Big Data Analytics

·        Digital Twin

·        Internet of Things

Segmentation by Application:

·        Inspection

·        Performance Monitoring

·        Predictive Analysis

·        Part Replacement

·        Mobility & Functionality

Segmentation 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

Segmentation 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)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research's extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. 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 help our clients to stay ahead of the curve.

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