The article cited AMA's Global Digital MRO Market Study explored substantial growth with CAGR of %. According the report, Emerging IoT, Artificial Intelligence and 3D Printing in the Digital MRO is one of the primary growth factors for the market. Demand for Automation and Digitalisation in the Maintenance, Repair, and Overhaul Operation
is also expected to contribute significantly to the Digital MRO market. Overall, applications of Digital MRO, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM Corporation (United States), IFS (Sweden), SAP SE (Germany), Lufthansa Technik AG (Germany), SITA (Switzerland), Rusada (Switzerland), Capgemini SE (France), General Electric Company (United States), The Boeing Company (United States), L&T Technology Services (India), Ramco Systems Limited (India) and Honeywell International Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Digital MRO market identified that the demand is rising in many different parts of the world as "Surging Technological Advancement in the Digital MRO in the Aviation Industry". Furthermore, some recent industry insights like "On 4th February 2020, SITA and Key Industry Partners Launch MRO Blockchain Alliance. Key industry partners announced the launch of the MRO Blockchain Alliance, the air transportís first industry-wide investigation into the use of blockchain to track, trace and record aircraft parts. The new alliance comprises leading organizations covering every aspect of the Maintenance, Repair, and Overhaul (MRO) chain, from part manufacture and repairs to logistics and smart contracts." is constantly making the industry dynamic. One of the challenges that industry facing is "New Entrants in the Digital MRO Market Leading to Stiff Competition"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Digital MRO market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Digital MRO market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Digital MRO market tight? Which application/end-user category or Product Type [Predictive Maintenance, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital MRO market and other related sub-markets covered in the study.
o Key & emerging players in the Digital MRO market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Digital MRO market size is calculated using market estimation process, the Digital MRO market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Digital MRO market size has been validated using both top-down and bottom-up approaches.