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Global Digital MRO Market to reach USD 1.30 billion by 2027.

Global Digital MRO Market by Technology (Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, IOT), End-User (MROs, Airlines, OEMs), Application (Inspection, Performance Monitoring, Predictive Analysis, Part Replacement, Mobility & Functionality), Regional Forecasts 2021-2027

Product Code: SSAD-24895013
Publish Date: 15-08-2021
Page: 200

Global Digital MRO Market is valued approximately at USD 0.60 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2021-2027. Maintenance, repair, and overhaul (MRO) operations will soon be fully digitalized in civil aviation across the world. This is the driving force behind the digital MRO market. OEMs and MRO companies have a plethora of technologies at their disposal, which they have been using to improve maintenance planning and execution capabilities and asset availability at multiple tiers. Digital MRO solutions now include a wide range of augmented reality and virtual reality technologies, additive manufacturing, big data analytics, and artificial intelligence. In the digital MRO market, a variety of MRO services are gaining momentum to minimize turnaround time and significantly increase overall operational efficiency in aviation. The market is driven by growing adoption of software-as-a-service (SaaS) and rising need for replacing legacy aviation management information systems. For instance, as per Statista, in 2020, the worldwide public cloud software as a service (SaaS) market is expected to reach USD 157 billion, more than double its 2014 size. SaaS is one of the three primary categories of cloud computing, along with platform as a service (PaaS) and infrastructure as a service (IaaS). Furthermore, April 2021 – RS Components (RS) has chosen Orange Business Services as its single end-to-end managed services provider for a major transformation of RS’s complete global infrastructure, digitization of its sales processes, and cloud migration of its contact centre operations. These initiatives are an important component of RS’s digital transformation, which aims to save costs, improve network capabilities, and integrate new technology. However, lack of a common data standard may impede market growth over the forecast period of 2021-2027.

During the forecast period, the digital MRO market in North America is expected to grow at the fastest rate. This increase can be attributed to the region’s rising aircraft deliveries. This region is home to a huge number of large and medium MROs as well as airlines. Also expected to drive demand for digital MRO in the region is the growth in MRO services and MRO digital transformation.

Major market player included in this report are:
Swiss Aviation software
Lufthansa Technik
General Electric (Ge)
International Business Machines (IBM)
Ramco Systems
Aero Glass
Eon Reality’
Atheer Air

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Predictive Maintenance
3D Printing
Artificial Intelligence
By Application:
Performance Monitoring
Predictive Analysis
Part Replacement
Mobility & Functionality
By End use:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Digital MRO Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Digital MRO Market, by Region, 2019-2027 (USD Billion)
1.2.2. Digital MRO Market, by Technology, 2019-2027 (USD Billion)
1.2.3. Digital MRO Market, by Application, 2019-2027 (USD Billion)
1.2.4. Digital MRO Market, by End user, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Digital MRO Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Digital MRO Market Dynamics
3.1. Digital MRO Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Rise in product launches Growing adoption of software-as-a-service (SaaS) Rising need for replacing legacy aviation management information systems
3.1.2. Market Restraint Lack of a common data standard High cost of acquisition of integrated MRO software suite
3.1.3. Market Opportunities Growing demand for 3D-printed parts and robotic inspection Increasing adoption of Internet of Things (IoT)
Chapter 4. Global Digital MRO Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Digital MRO Market, by technology
5.1. Market Snapshot
5.2. Global Digital MRO Market by Technology, Performance – Potential Analysis
5.3. Global Digital MRO Market Estimates & Forecasts by technology 2018-2027 (USD Billion)
5.4. Digital MRO Market , Sub Segment Analysis
5.4.1. Predictive Maintenance
5.4.2. AR/VR
5.4.3. 3D Printing
5.4.4. Blockchain
5.4.5. Artificial Intelligence
5.4.6. Other
Chapter 6. Global Digital MRO Market, by End user
6.1. Market Snapshot
6.2. Global Digital MRO Market by End User, Performance – Potential Analysis
6.3. Global Digital MRO Market Estimates & Forecasts by End User 2018-2027 (USD Billion)
6.4. Digital MRO Market , Sub Segment Analysis
6.4.1. OEMs
6.4.2. Airlines
6.4.3. MROs
Chapter 7. Global Digital MRO Market, by Application
7.1. Market Snapshot
7.2. Global Digital MRO Market by Application, Performance – Potential Analysis
7.3. Global Digital MRO Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.4. Digital MRO Market , Sub Segment Analysis
7.4.1. Inspection
7.4.2. Performance Monitoring
7.4.3. Predictive Analysis
7.4.4. Part Replacement
7.4.5. Mobility & Functionality
Chapter 8. Global Digital MRO Market, Regional Analysis
8.1. Digital MRO Market , Regional Market Snapshot
8.2. North America Digital MRO Market
8.2.1. U.S. Digital MRO Market Technology breakdown estimates & forecasts, 2018-2027 End user breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Digital MRO Market
8.3. Europe Digital MRO Market Snapshot
8.3.1. U.K. Digital MRO Market
8.3.2. Germany Digital MRO Market
8.3.3. France Digital MRO Market
8.3.4. Spain Digital MRO Market
8.3.5. Italy Digital MRO Market
8.3.6. Rest of Europe Digital MRO Market
8.4. Asia-Pacific Digital MRO Market Snapshot
8.4.1. China Digital MRO Market
8.4.2. India Digital MRO Market
8.4.3. Japan Digital MRO Market
8.4.4. Australia Digital MRO Market
8.4.5. South Korea Digital MRO Market
8.4.6. Rest of Asia Pacific Digital MRO Market
8.5. Latin America Digital MRO Market Snapshot
8.5.1. Brazil Digital MRO Market
8.5.2. Mexico Digital MRO Market
8.6. Rest of The World Digital MRO Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Swiss Aviation software Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Lufthansa Technik
9.2.3. General Electric (Ge)
9.2.4. Honeywell
9.2.5. International Business Machines (IBM)
9.2.6. Ramco Systems
9.2.7. Hexaware
9.2.8. Aero Glass
9.2.9. Eon Reality’
9.2.10. Atheer Air
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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