Industry Background:
The global Aviation MRO Software market is expected to witness high demand in the forecasted period due to the increasing demand for aviation maintenance software and services from MRO companies. There has been a significant increase in the digitalization of aircraft Maintenance, Repair, and Overhaul activities. For enhancing the accuracy of inspection and reducing the amount of time consumed by the inspection process, sophisticated software is being introduced for the MRO processes of the aircraft. There was an increase in the need for upgrading the legacy Management Information System (MIS) to digital MRO software in aviation, which is another factor influencing the growth of the aviation maintenance software market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | AerData B.V. (Netherlands), IBM Corporation (United States), Ramco Systems (India), Rusada (Switzerland), IBS Software (Singapore), HCL Technologies Limited (India), IFS (Sweden), Oracle Corporation (United States), SAP (Germany) and Swiss AviationSoftware Ltd (Switzerland) |
This growth is primarily driven by Increasing adoption of software as a service and Increase in demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft.
Globally, a noticeable market trend is evident Demand for the shift from legacy management information system (MIS) to MRO software in aviation
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AerData B.V. (Netherlands), IBM Corporation (United States), Ramco Systems (India), Rusada (Switzerland), IBS Software (Singapore), HCL Technologies Limited (India), IFS (Sweden), Oracle Corporation (United States), SAP (Germany) and Swiss AviationSoftware Ltd (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Incorporation of technologies like AI for the purpose of predictive maintenance is something the customers are looking for. Research in technologies like these will help the players to showcase advanced products and gain new contracts. Also, the efficiency and speed of the maintenance is something the MRO providers are looking for, and work is being done to speed up the process of maintenance on an overall, and players are expected to release new software that speeds up the MRO process. Also, the market is in a phase of transition from on-premises software to cloud-based software, which will open up new opportunities for the new and existing players.
Key Developments in the Market:
In March 2023, Etihad Airways Engineering, one of the world's leading providers of aircraft maintenance and engineering solutions, partnered with global enterprise aviation software provider Ramco Systems to implement Aviation Suite V5.9. The project was officially announced at the 2023 MRO Middle East at the Dubai World Trade Centre, Dubai.
In February 2020, Leidos, a FORTUNE 500 science and technology leader, partnershiped an agreement with Rusada to become a systems integrator for ENVISION, Rusada's Aviation Maintenance Repair and Overhaul (MRO) and Flight Operations software. ENVISION is used by aircraft operators, MRO providers, and manufacturers to efficiently manage their maintenance and airworthiness activities.
Influencing Trend:
Demand for the shift from legacy management information system (MIS) to MRO software in aviation and Need to reduce turnaround time (TAT)
Market Growth Drivers:
Increasing adoption of software as a service and Increase in demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft
Challenges:
Compliance with stringent aviation regulations
Restraints:
Limited budget restrains the adoption of integrated MRO software suite and Lack of common data standards
Opportunities:
Increasing adoption of IoT, AI, AR, and big data analytics by MROs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aviation MRO Software Market
- Analysis about New Entrants in Aviation MRO Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aviation MRO Software Study Sheds Light on
The Aviation MRO Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aviation MRO Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aviation MRO Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.