Aviation MRO Software Market Forecasts to 2028 – Global Analysis By Solution (Software and Services), By Function (Maintenance Management, Business Management, Operations Management and Electronic Flight Bag & Logbook Management), By Point of Sale, By Dep

Aviation MRO Software Market Forecasts to 2028 – Global Analysis By Solution (Software and Services), By Function (Maintenance Management, Business Management, Operations Management and Electronic Flight Bag & Logbook Management), By Point of Sale, By Deployment, By Application, By End User and By Geography

According tStratistics MRC, the Global Aviation MRO Software Market is accounted for $7.20 billion in 2022 and is expected treach $10.76 billion by 2028 growing at a CAGR of 6.93% during the forecast period. Predictive maintenance analysis and condition-based maintenance support are made possible by aviation MRO software, which is provided as a service tend users, including airline operators, MROs, and OEMs. It consists of a substantial database and management modules for operations, maintenance, business, and electronic flight bags and logbooks, which can be offered through a cloud-based platform or deployed on-premises. In order tperform predictive maintenance, the aviation sector has connected tground-based MRO systems and become more data-driven. On the basis of data gathered by software using aviation analytics digital twin technologies, it comprises tracking and effective operations.

According tAirbus SAS, by the end of October 2020, Airbus SAS delivered 341 aircraft compared t571 aircraft in 2019.

Market Dynamics:

Driver:

Growing use of internet of things (IOT) and artificial intelligence (AI)

A substantial transformation is occurring in the aviation industry as a result of the development of AI, machine learning, IoT, and AR. Algorithms are developed through machine learning using existing data. With new information, it can predict results for the future. Machine learning in MRO software will decrease supply chain risk, identify project risk areas, and provide many other benefits. With its voice interface, artificial intelligence is predicted tenable simple operations, improved effectiveness, higher employee productivity, and a decreased requirement for training. The MRO software will be more capable of handling the massive volume of data with IoT integration. IoT can connect the entire value chain, enabling more productive, faster, and more dependable processes from production tsupply chain operations.

Restraint:

High initial costs

The needs of the majority of communication and surveillance applications, electronic transmission, and others have tbe met by MRO software. The program must be built for platform compatibility due tthe rapid technological advancement of both equipment and software. Sfar, because the design and development of the module are scomplicated, there are high costs associated with researching and developing the unique technology. Costly expenses include the development, integration, and maintenance of systems that cross platforms. Because of these factors, it is projected that market growth will decline.

Opportunity:

Rising need for advanced MRO

Due tthe increase in air passenger traffic, airlines all over the world are focusing on growing the size of their aircraft fleet. The expansion of aircraft fleets will likely contribute tthe market's growth throughout the forecast period. Due trising demand for air travel and an expanding fleet of aircraft, the MRO sector is anticipated texperience steady growth during the anticipated period. Several aircraft operators are adopting aviation MRO software solutions in accordance with the growing demand for efficient paperless operations, maintenance operations with quicker turnaround times (TAT), and predictive maintenance.

Threat:

Technical publications

Developing, monitoring, updating, and, when necessary, approving manuals is another factor worth mentioning. Even companies that have switched tmobile content usually handle their technical publications in the same manner as they have for decades. The majority are handling it internally with poor outcomes, and the manuals have become harder for those departments tmaintain because digital content distribution is less forgiving than paper. In order taddress this issue, a number of airlines have invested heavily in document management systems, which sharply raise prices and significantly complicate life for the staff members whmanage and contribute tthe manuals. These factors are hindering the market from expanding.

Covid-19 Impact:

Lockdown had a significant negative effect on the aviation sector, slowing down aircraft production and delaying aircraft deliveries. Therefore, the pandemic has had an effect on almost 40% of aircraft deliveries worldwide. The demand for MRO services and software has significantly decreased as a result of the decline in aircraft deliveries. The COVID-19 epidemic had a significant influence on aviation worldwide. 2020 has seen a substantial impact on the market for maintenance, repair, and overhaul due tlower passenger volume and constrained aircraft movements. However, when travel limitations are lifted and aircraft movements steadily increase, it is anticipated that the demand for aviation maintenance will expand during the following decades.

The software segment is expected tbe the largest during the forecast period

The software segment is anticipated thave the largest market revenue share due tthe use of AI and IoT in MRO software and by the rising adoption of software-based solutions, including digital logbooks, maintenance manuals, and other tools for monitoring aircraft health.

The maintenance management segment is expected thave the highest CAGR during the forecast period

Due tthe significant demand for modern fleet and inventory management software from airline operators and MRO organizations, the maintenance management segment is anticipated thave the highest market growth and is predicted thave the highest CAGR throughout the projection period. The expansion is related tthe increasing need for maintenance tasks and the expanding aircraft fleets around the world, which create a demand for fleet management software. The maintenance management sector is projected tgrow rapidly throughout the projection period as a result of the growing usage of MRO software, which secures crucial information for future use and speeds up turnaround times in emergencies.

Region with largest share:

The Asia-Pacific region is anticipated thave the largest market share, as the region's vast aircraft fleet is anticipated tsignificantly increase demand for MRO software. For instance, the presence of more than 7,900 commercial aircraft in the Asia Pacific region as of 2021 indicates the region's high potential demand for MRO software. In comparison tmost global markets, the region's average aircraft fleet is substantially larger, which increases demand for aircraft MRO. One of the markets for aviation in the Asia-Pacific region with the highest growth is that of China and India. Furthermore, the rapid growth of aviation maintenance, repair, and overhaul software is primarily due tthe region's growing aircraft fleet and the presence of significant aircraft maintenance and repair facilities in countries such as China and Singapore that use MRO software.

Region with highest CAGR:

Digitalization in this sector is improving the technological perspective in the aviation industry for effective and efficient base management, operation management, and line management, the market in Asia Pacific is projected tgrow at the highest CAGR throughout the forecast period. Moreover, it is anticipated that an increase in the aviation fleet for domestic and international routes entering and leaving China will propel market expansion within this nation.

Key players in the market

Some of the key players in Aviation MRO Software market include AeroSoft Systems Inc., ATP Inc., Aviation Intertec Services Inc., Boeing, CAMP Systems International Inc., Communication Software (Airline Systems) Limited, GE Aviation, HCL Technologies Limited, IBM Corporation, IFS AB, ISB Software Pvt. Ltd., Jet Support Services Inc., Lufthansa Technik AG, Oracle Corporation and RamcSystems.

Key Developments:

In February 2022, Oracle Corporation introduced new logistics features within its software platforms, such as Fusion Cloud SCM, Fusion Cloud Transportation Management, and Fusion Cloud Global Trade Management, which will help reduce cost, risk minimization, resource planning, improve customer service experience, and provide agile business operations.

In December 2021, the United States-based Pathfinder Aviation announced that it has opted tinstall RamcSystem’s aviation software for business needs. The software will offer modules covering maintenance, supply chain management, and flight operations.

In November 2021, the low-cost carrier Viva Air awarded an MRO software contract tIFS, a cloud enterprise applications company. Under the agreement, IFS’s MRO and fleet planning software will support the Latin American airline’s maintenance planning and execution across its fleet of aircraft.

Solutions Covered:
• Software
• Services

Functions Covered:
• Maintenance Management
• Business Management
• Operations Management
• Electronic Flight Bag & Logbook Management

Point of Sales Covered:
• Ownership
• Subscription

Deployments Covered:
• Cloud
• On-premise

Applications Covered:
• Military
• Commercial
• Other Applications

End Users Covered:
• Operators
• Maintenance, Repair, and Overhaul's (MROs)
• Original Equipment Manufacturers (OEMs)
• Lessors

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances