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Aviation Maintenance, Repair, and Overhaul (MRO) Software Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

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  • 97 Pages
  • June 2023
  • Region: Global
  • Mordor Intelligence
  • ID: 4833329
UP TO OFF until Dec 31st 2023

Quick Summary:

In a rapidly emerging industry of aviation maintenance, repair, and overhaul (MRO), the demand for comprehensive and innovative software solutions is escalating. The need for these updated and robust software solutions is fueled by global expansion, increased aircraft deliveries and the aging aircraft fleet that requires regular maintenance. The aviation MRO software market is thus poised for persistent growth.

The wide array of aviation MRO software options, including but not limited to Foreflight, TRAX Maintenance, Quantum MX, Flightdocs, Airlabs, and WinAir, offer exceptional efficiency in airline operation management. In an era infused with artificial intelligence (AI), these software solutions prove crucial in facilitating precision repair operations and predictive maintenance. Over time, the utilization of MRO software has gained significant traction, leading various airline companies to invest in advanced MRO software for smoother operations. Discover more detailed insights in this encompassing market research report, paving your way to informed decision-making and strategic planning.

The aviation maintenance, repair, and overhaul (MRO) software market was valued at USD 6,811.29 million in 2022. It is anticipated to grow at a CAGR of 4.35% during the forecast period.

The COVID-19 pandemic had a severe impact on the global aviation industry. Due to decreased passenger traffic and limited aircraft movements, the maintenance, repair, and overhaul market was affected significantly in 2020. According to the IATA Report 2020, global airline passenger revenues declined by USD 314 billion, which indicated a decline of 55% from 2019. Nevertheless, as travel restrictions eased in 2021 and aircraft movements gradually increased, the demand for aircraft maintenance is expected to witness growth in the coming years. This is expected to help the revival of the related aviation MRO software industry.

An increase in the deliveries of new aircraft worldwide owing to a rise in air passenger traffic has led to an increase in the maintenance, repair, and overhauling services to extend the operational life cycle of the aircraft. There are various types of aircraft MRO software available globally. Some of the software are Foreflight, TRAX Maintenance, Quantum MX, Flightdocs, Airlabs, and WinAir, amongst others. Artificial intelligence and its cognitive technologies that make sense of data can streamline and automate analytics, machinery maintenance, customer service, as well as many other internal processes and tasks. So, AI technologies are useful for various aspects of airline operation management.

The advent of artificial intelligence (AI) has opened paths to precision repair operations and predictive maintenance, thereby further driving aircraft maintenance engineers to depend on MRO software when providing MRO services. Moreover, the growing interest in the usage of MRO software in recent times has led to various airline companies investing in advanced MRO software to carry out regular operations and this will lead to a positive outlook in the market and will lead to market growth during the forecast period.

Aviation Maintenance Repair and Overhaul (MRO) Software Market Trends

The MRO Segment Dominated the Market During the Forecast Period

The MRO segment dominated the market during the forecast period. MRO companies are the main users of MRO software compared to OEMs and airlines. MRO companies started incorporating software-based MRO techniques for serving customers quickly and efficiently. For instance, in November 2021, MRO Holdings, a major provider of airframe maintenance in the North and Central America region, awarded multi-year software as a service (SaaS) subscription contract to EmpowerMX. Also, the introduction of newer generation aircraft has raised new challenges in terms of support services management, which has stimulated the adoption of software by the MROs to enhance the quality of their offerings to the clients.

As the global aircraft fleet is increasing due to the increase in air traffic, more new MRO facilities are being built to provide services to the expanding air fleet, thus resulting in the market's growth. For instance, in January 2022, MHI RJ Aviation Group (MHIRJ) opened a new facility for MRO operations at Middle Georgia Regional Airport in Macon, Georgia, growing its footprint in North America. The MRO service provider completed Phase 1 of its expansion project at the West Virginia Service Center in October 2022. New MRO facilities construction and expansion of existing ones by the MRO providers, and expansion of their operations in new regions will result in the growth of the segment during the forecast period.

Asia-Pacific is Expected to Show the Highest Growth During the Forecast Period

The Asia-Pacific region is expected to showcase significant growth in the market during the forecast period. The presence of a large aircraft fleet is anticipated to drive the demand for the MRO software market in the region significantly. For instance, as of 2021, more than 7900 commercial aircraft were present in the Asia-Pacific region, indicating the high potential demand for MRO software in the region.

The average aircraft fleet in the region is also higher than most of the global market; hence, the demand for aircraft MRO is also higher. China and India are one of the fastest-growing markets for aviation in the Asia-Pacific region. Growing aircraft fleets and the presence of major aircraft maintenance and repair facilities in countries like China and Singapore, which are adopting the MRO software, are the main reasons for the high growth of aviation maintenance, repair, and overhaul software in the region.

Various airlines, MROs, and OEMs are carrying out various maintenance activities, especially for aircraft in the region. In November 2022, HCLTech signed a contract with SR Technics, an MRO service provider in the civil aviation industry to digitally transform SR Technics’ operations. The HCLTech would implement a new greenfield S/4HANA environment hosted on Microsoft Azure using RISE with SAP and a cloud-based ERP platform that would allow SR Technics to transform and simplify its business operations and enables it to modernize the application stack and optimize IT operating costs. SR Technics would implement iMRO which is a smart and highly differentiated maintenance software solution. Hence, increasing aircraft deliveries, growing spending on aircraft MRO due to a large number of old aircraft, and the development of the next generation of MRO software is estimated to drive the market growth across the Asia-Pacific.

Aviation Maintenance Repair and Overhaul (MRO) Software Industry Overview

The market is moderately fragmented, with the presence of several players holding significant shares in the market. Rusada, Ramco Systems Ltd, IBM Corporation, HCL Technologies Ltd, and AerData BV are the leading market players.

Increasing spending on research and development and the introduction of advanced aircraft MRO software with next-generation technologies from key players is expected to drive the market growth. MRO companies are expanding their operations in various regions. As part of the expansion, some of them are collaborating with local MRO service providers. For instance, in November 2022, Sanad Aerotech signed an MoU with Indonesia’s largest aircraft maintenance company GMF, to jointly establish a new state-of-the-art MRO center of excellence for aircraft engines in Indonesia.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1.1 Study Assumptions
1.2 Scope of Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Deployment
5.1.1 Cloud-based
5.1.2 On-premises
5.2 End User
5.2.1 Airlines
5.2.2 MROs
5.2.3 OEMs
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Middle-East and Africa
5.3.5 Latin America
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 AerData B.V.
6.2.2 IBM Corporation
6.2.3 Ramco Systems Ltd.
6.2.4 Rusada
6.2.5 IBS Software Private Limited
6.2.6 HCL Technologies Limited
6.2.7 IFS Aktiebolag
6.2.8 Oracle Corporation
6.2.9 SAP SE
6.2.10 Swiss AviationSoftware Ltd. (Swiss-AS)
6.2.11 Communications Software (Airline Systems) Limited
6.2.12 Flatirons Solutions, Inc.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AerData B.V.
  • IBM Corporation
  • Ramco Systems Ltd.
  • Rusada
  • IBS Software Private Limited
  • HCL Technologies Limited
  • IFS Aktiebolag
  • Oracle Corporation
  • SAP SE
  • Swiss AviationSoftware Ltd. (Swiss-AS)
  • Communications Software (Airline Systems) Limited
  • Flatirons Solutions, Inc.