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Global Aerospace Maintenance, Repair, and Overhaul Internet of Things Market, 2016

  • ID: 4060475
  • Report
  • January 2017
  • Region: Global
  • 55 Pages
  • Frost & Sullivan
Internet Protocol-based Software and Devices Offer Improved Functionality and Cost Control while Health Management Systems Usher Market toward a Truly Connected Flight and MRO Environment

The global aerospace maintenance, repair, and overhaul (MRO) market, like many others, is in a state of change. The introduction of enhanced Internet protocol-based software and equipment is driving the market in new directions. This insight covers the market from 2016 to 2026. Logistics to support MRO and spares sales is a significant part of the overall aerospace industry.

New platform procurements will grow at a compound annual growth rate (CAGR) of 1.4%. The MRO portion of the global aerospace market will grow at a CAGR of 1.6% and will present a 2026 market size of $88.17 billion. Over the 2016 to 2026 period, the global MRO revenue share from North America (NA) is forecast to decline from 27.5% to 24.6%, while Europe is expected to decline from 27.3% to 24.3%. Meanwhile, Asia-Pacific (APAC) is expected to grow from 28.4% to 31.1% of the total market. Latin America (LATAM) will grow from 4.9% to 5.1% and the Middle East and Africa (MEA) from 11.9% to 14.9%. Improved software, mobile devices, and health management systems are moving the MRO market toward a truly connected environment. The first steps have been taken. The next steps will change the face of MRO.

Research Scope:

  • Analysis of IoT-enabled devices and their potential impact on work structure and efficiency
  • Discussion of information issues (areas in need of transformation, MRO challenges, logistics value chain)
  • Outline of software solutions (ERP, maintenance management, health management, technical publications, technical documentation management)
  • View of IoT horizon

Key Questions This Study Will Answer:

  • Which regions offer the most opportunities for MRO service providers?
  • How can IT businesses capture new market opportunities?
  • Where will the market demand be in 10 years?
  • Should any capability gaps be anticipated, and if so, which ones?
  • Are airworthiness authorities involved in the transformation, and if so, how?
  • What are the best market opportunities for commercial IoT equipment?
Note: Product cover images may vary from those shown
1. Executive Summary
  • Key Findings
  • CEO’s Perspective
2. Market Overview
  • Market Activities Components
  • Market Scope
  • Market Overview-Regional Scope
  • Market Definitions
  • Distinguishing IoT and M2M
  • Strategic Approach to IoT-A 360° Perspective of the IoT Landscape and Opportunities
  • Internet of Things Solutions
  • How is the IoT Different from MRO Transformation?
  • IoT-Connecting the Dots: A Complete View of the IoT Landscape and Opportunities
  • Key Questions this Study will Answer
3. The Information Issues
  • Major Aerospace Industry Areas Needing Transformation
  • MRO Issues
  • Aerospace Logistics Value Chain-MRO Services
4. Software Solutions
  • Software Solutions-Enterprise Resource Planning (ERP)
  • Support Solutions-Maintenance Management Applications
  • Software Solutions-Maintenance Management Applications
  • Support Solutions-Maintenance Management Software
  • Support Solutions-Health Management Software
  • Support Solutions-Technical Publications Software
  • Support Solutions-Technical Documentation Management Software
5. IoT Devices
  • Support Solutions-Software Support for Mobile Devices
  • Support Solutions-Mobile Devices
6. The IoT Horizon

7. The Last Word-3 Big Predictions
  • Legal Disclaimer
Note: Product cover images may vary from those shown