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Global MRO Software Market to reach USD 8.43 Billion by 2027.

Global MRO Software Market Size study, by End-User (Operators, OEMs, MROs, Lessors), by Solution (Software, Services), By Deployment type (On-premises, Cloud), By Function (Maintenance, Operations, Business Management), and Regional Forecasts 2020-2027

Product Code: IACTEIAS_62031479
Publish Date: 24-09-2020
Page: 200

Global MRO Software Market is valued approximately USD 6.71 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 2.9 % over the forecast period 2020-2027. Aviation Software refers to the software used in the aviation industry for different activities, including ground, terminal and air side operations. In January2020, IndiGo became the first Indian carrier to have an aircraft fleet size of 250 aircraft and became the first airline to operate 1,500 flights a day, due to the increase in demand for a reduction in turnaround time and the growing number of aircraft worldwide to cope with demand. The MRO industry uses MRO (Maintenance, Repair, Overhaul) aviation software primarily to increase functional performance for various MRO aviation operations, such as services, maintenance, modification, and retrofitting of various engines, spares, parts, and systems for aircraft. The introduction of software in the aviation industry has revolutionized safety standards in the flight. For instance, The DO-178 standard is the de-facto standard for safe aviation software across different regulatory contexts. Regulatory usage of DO-178 has overlapped with an admirable aviation safety record, and therefore is often considered a success. According to the India Brand Equity foundation, expenditure in MROs account for 12-15% of the total revenues, second highest expense after fuel cost. However, the market faces restraints as MRO will increase the cost of switching to another maintenance supplier for a customer, as this move would mean that the customer has to change its own system(s) and procedures and thus incur higher switching costs. high dependency on software systems can be risky as breakdown of any one component can jeopardize the whole operation.

The regional analysis of global MRO Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share due to the increase in passenger traffic. Further, Europe is considered as second largest region in the growth of the market due to rising demand from the defense and aerospace sector.

Major market player included in this report are:

HCL Technologies Limited
SAP SE
International Business Machines Corporation
Ramco Systems Limited
IFS AB
Oracle Corporation
Boeing
Infor
Trax
Swiss Aviation Software

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:
End User:
Operators
OEMs
MROs
Lessors
By Solution:
Software
Services
By Deployment:
On-premises
Cloud
By Function:
Maintenance
Operations
Business Management

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the MRO Software 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
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. MRO Software Market, by Region, 2018-2027 (USD Billion)
1.2.2. MRO Software Market, by End-User, 2018-2027 (USD Billion)
1.2.3. MRO Software Market, by Solution, 2018-2027 (USD Billion)
1.2.4. MRO Software Market, by Deployment, 2018-2027 (USD Billion)
1.2.4 MRO Software Market, by Function, 2018-2027 (USD Billion)

1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global MRO Software 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. Processing Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global MRO Software Market Dynamics
3.1. MRO Software Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global MRO Software 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 (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global MRO Software Market, by End-User
5.1. Market Snapshot
5.2. Global MRO Software Market by End-User, Performance – Potential Analysis
5.3. Global MRO Software Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
5.4. MRO Software Market, Sub Segment Analysis
5.4.1. Operators
5.4.2. OEMs
5.4.3. MROs
5.4.4. Lessors

Chapter 6. Global MRO Software Market, by Solution
6.1. Market Snapshot
6.2. Global MRO Software Market by Solution, Performance – Potential Analysis
6.3. Global MRO Software Market Estimates & Forecasts by Solution 2017-2027 (USD Billion)
6.4. MRO Software Market, Sub Segment Analysis
6.4.1. Software
6.4.2. Services
Chapter 7. Global MRO Software Market, by Deployment
7.1. Market Snapshot
7.2. Global MRO Software Market by Deployment , Performance – Potential Analysis
7.3. Global MRO Software Market Estimates & Forecasts by Deployment 2017-2027 (USD Billion)
7.4. MRO Software Market, Sub Segment Analysis
7.4.1. Maintenance
7.4.2. Operations
7.4.3. Business Management
7.4.4. Global MRO Software Market, by Function
7.5. Market Snapshot
7.6. Global MRO Software Market by Function , Performance – Potential Analysis
7.7. Global MRO Software Market Estimates & Forecasts by Function 2017-2027 (USD Billion)
7.8. MRO Software Market, Sub Segment Analysis
7.8.1. Maintenance
7.8.2. Operations
7.8.3. Business Management
Chapter 8. Global MRO Software Market, Regional Analysis
8.1. MRO Software Market, Regional Market Snapshot
8.2. North America MRO Software Market
8.2.1. U.S. MRO Software Market
8.2.1.1. End-User breakdown estimates & forecasts, 2017-2027
8.2.1.2. Solution breakdown estimates & forecasts, 2017-2027
8.2.1.3. Deployment breakdown estimates & forecasts, 2017-2027
8.2.1.4. Function breakdown estimates & forecasts, 2017-2027
8.2.2. Canada MRO Software Market
8.3. Europe MRO Software Market Snapshot
8.3.1. U.K. MRO Software Market
8.3.2. Germany MRO Software Market
8.3.3. France MRO Software Market
8.3.4. Spain MRO Software Market
8.3.5. Italy MRO Software Market
8.3.6. Rest of Europe MRO Software Market
8.4. Asia-Pacific MRO Software Market Snapshot
8.4.1. China MRO Software Market
8.4.2. India MRO Software Market
8.4.3. Japan MRO Software Market
8.4.4. Australia MRO Software Market
8.4.5. South Korea MRO Software Market
8.4.6. Rest of Asia Pacific MRO Software Market
8.5. Latin America MRO Software Market Snapshot
8.5.1. Brazil MRO Software Market
8.5.2. Mexico MRO Software Market
8.6. Rest of The World MRO Software Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.3. HCL Technologies Limited
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. SAP SE
9.3.3. International Business Machines Corporation
9.3.4. Ramco Systems Limited
9.3.5. IFS AB
9.3.6. Oracle Corporation
9.3.7. Boeing
9.3.8. Infor
9.3.9. Trax
9.3.10. Swiss Aviation Software
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

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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