Global Digital MRO Market Overview:
Digital MRO is used in the aviation industry which stands for maintenance repair and overall operations for industry growth and productivity, with the growing digitalization the MRO services are also digitalized offering effective and efficient service in aerospace companies. It is using technology like predictive technology, artificial intelligence, robotics, big data analytics, etc. for maintenance and repair activities. It is widely used by OEMs, airlines, MRO service providers, and other industry associations for technological advancements.
- Demand for Automation and Digitalisation in the Maintenance, Repair, and Overhaul Operation
- Increasing Requirement of Maintenance and Repair Activities in Aviation Industry
- Emerging IoT, Artificial Intelligence and 3D Printing in the Digital MRO
- Technological Problems Related to Connectivity Associated with Digital MRO
- Surging Technological Advancement in the Digital MRO in the Aviation Industry
- New Entrants in the Digital MRO Market Leading to Stiff Competition
Some of the key players profiled in the report are 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). Considering Market by Components, the sub-segment i.e. System will boost the Digital MRO market. Considering Market by End User, the sub-segment i.e. Airlines will boost the Digital MRO market.
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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital MRO market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Digital MRO market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Digital MRO Developers, Digital MRO Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.