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Digital Aerospace MRO Global Market Report 2021: COVID-19 Growth and Change

  • ID: 5446708
  • Report
  • September 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Ansys
  • Capgemini
  • HCL Technologies Limited
  • Honeywell International
  • IFS AB
  • Microsoft Corporation
Digital Aerospace MRO Global Market Report 2021: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global digital aerospace MRO market.







This report focuses on the digital aerospace MRO market which is experiencing strong growth. The report gives a guide to the digital aerospace MRO market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for digital aerospace MRO? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Digital Aerospace MRO market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider digital aerospace MRO market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The digital aerospace MRO market section of the report gives context. It compares the digital aerospace MRO market with other segments of the digital aerospace MRO market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, digital aerospace MRO indicators comparison.

Scope


Markets Covered:


  • By Technology: Predictive Maintenance; AR Or VR; 3D Printing; Artificial Intelligence; Internet Of Things; Robotics; Others
  • By Application: Inspection; Performance Monitoring; Predictive Analysis; Part Replacement; Mobility and Functionality
  • By End User: OEMs; Airlines; MROs; Others

Companies Mentioned:


IBM Corporation; IFS AB; Ramco Systems; Rusada; Boeing

Countries:


Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:


Five years historic and ten years forecast.

Data:


Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:


Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Digital Aerospace MRO Market

What is the estimated value of the Global Digital Aerospace MRO Market?

The Global Digital Aerospace MRO Market was estimated to be valued at $542.1 million in 2021.

What is the growth rate of the Global Digital Aerospace MRO Market?

The growth rate of the Global Digital Aerospace MRO Market is 17.1%, with an estimated value of $1018.1 million by 2025.

What is the forecasted size of the Global Digital Aerospace MRO Market?

The Global Digital Aerospace MRO Market is estimated to be worth $1018.1 million by 2025.

Who are the key companies in the Global Digital Aerospace MRO Market?

Key companies in the Global Digital Aerospace MRO Market include IBM Corporation, IFS AB, Ramco Systems, Rusada, Boeing, Swiss Aviation Software AG, Lufthansa Technik, General Electric and HCL Technologies Limited.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ansys
  • Capgemini
  • HCL Technologies Limited
  • Honeywell International
  • IFS AB
  • Microsoft Corporation

1. Executive Summary2. Digital Aerospace MRO Market Characteristics3. Digital Aerospace MRO Market Trends and Strategies4. Impact Of COVID-19 On Digital Aerospace MRO
5. Digital Aerospace MRO Market Size and Growth
5.1. Global Digital Aerospace MRO Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Digital Aerospace MRO Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Digital Aerospace MRO Market Segmentation
6.1. Global Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Predictive Maintenance
  • AR Or VR
3D Printing
  • Artificial Intelligence
  • Internet Of Things
  • Robotics
  • Others
6.2. Global Digital Aerospace MRO Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Inspection
  • Performance Monitoring
  • Predictive Analysis
  • Part Replacement
  • Mobility and Functionality
6.3. Global Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • OEMs
  • Airlines
  • MROs
  • Others

7. Digital Aerospace MRO Market Regional and Country Analysis
7.1. Global Digital Aerospace MRO Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Digital Aerospace MRO Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Digital Aerospace MRO Market
8.1. Asia-Pacific Digital Aerospace MRO Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Digital Aerospace MRO Market
9.1. China Digital Aerospace MRO Market Overview
9.2. China Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Digital Aerospace MRO Market
10.1. India Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Digital Aerospace MRO Market
11.1. Japan Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Digital Aerospace MRO Market
12.1. Australia Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Digital Aerospace MRO Market
13.1. Indonesia Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Digital Aerospace MRO Market
14.1. South Korea Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Digital Aerospace MRO Market
15.1. Western Europe Digital Aerospace MRO Market Overview
15.2. Western Europe Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Digital Aerospace MRO Market
16.1. UK Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Digital Aerospace MRO Market
17.1. Germany Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Digital Aerospace MRO Market
18.4. France Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Digital Aerospace MRO Market
19.1. Eastern Europe Digital Aerospace MRO Market Overview
19.2. Eastern Europe Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Digital Aerospace MRO Market
20.1. Russia Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Digital Aerospace MRO Market
21.1. North America Digital Aerospace MRO Market Overview
21.2. North America Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Digital Aerospace MRO Market
22.1. USA Digital Aerospace MRO Market Overview
22.2. USA Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Digital Aerospace MRO Market
23.1. South America Digital Aerospace MRO Market Overview
23.2. South America Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Digital Aerospace MRO Market
24.1. Brazil Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Digital Aerospace MRO Market
25.1. Middle East Digital Aerospace MRO Market Overview
25.2. Middle East Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Digital Aerospace MRO Market
26.1. Africa Digital Aerospace MRO Market Overview
26.2. Africa Digital Aerospace MRO Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Digital Aerospace MRO Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Digital Aerospace MRO Market Competitive Landscape and Company Profiles
27.1. Digital Aerospace MRO Market Competitive Landscape
27.2. Digital Aerospace MRO Market Company Profiles
27.2.1. IBM Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. IFS AB
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Ramco Systems
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Rusada
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Boeing
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Digital Aerospace MRO Market29. Digital Aerospace MRO Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ansys
  • Capgemini
  • HCL Technologies Limited
  • Honeywell International
  • IFS AB
  • Microsoft Corporation
Major players in the digital aerospace MRO market are IBM Corporation, IFS AB, Ramco Systems, Rusada, Boeing, Swiss Aviation Software AG, Lufthansa Technik, General Electric, Honeywell International, HCL Technologies Limited, Oracle Corporation, Traxxall Technologies, Ansys, Capgemini, Hexaware Technologies, Winair, and Microsoft Corporation.

The global digital aerospace MRO market is expected to grow from $481.9 million in 2020 to $542.1 million in 2021 at a compound annual growth rate (CAGR) of 12.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1,018.1 million in 2025 at a CAGR of 17.1%.

The digital aerospace MRO market consists of sales of MRO services and software by entities (organizations, sole traders and partnerships) that are engaged in providing digital aerospace MRO services and software suites for catering the maintenance, repairs, and operational needs. Digital Aerospace MRO refers to the use of digital technology such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), robots, augmented reality/virtual reality (AR/VR), digital twins, and 3D printing to conduct MRO operations.

The main technologies involved in digital aerospace MRO are predictive maintenance, AR or VR, 3D printing, artificial intelligence, internet of things, robotics, and others. Predictive maintenance (PdM) is preventative maintenance that tracks the performance and state of equipment when it is in use to reduce the risk of failure. It is used in inspection, performance monitoring, predictive analysis, part replacement, mobility and functionality and is employed in various sectors such as OEMs, airlines, MROs and others.

North America was the largest region in the digital aerospace MRO market in 2020. Europe was the second-largest market in the digital aerospace MRO market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Technological advancement is an emerging trend gaining popularity in the digital aerospace MRO market. Artificial intelligence technology is being more widely used as the market for predictive maintenance, troubleshooting, and review of past errors grows. AI aids in optimization, upkeep, and organizing by reducing the need for routine maintenance, allowing airlines to increase their spending. For instance, in June 2021, Fingermind, a France-based software company that offers digital aerospace MRO services developed a software suite that is accessible from tablets. Its MRO suite gives fast and convenient access to all of the technical documents needed for aircraft maintenance. It doesn't need any special maintenance training and can be mounted on almost any operating system. With advanced Big Data and AI-ready features, the Fingermind MRO suite also meets the need for predictive maintenance.

In December 2020, FL Technics, a Lithuania-based provider of aircraft servicing, repair, and overhaul (MRO) facilities, acquired Wright International for an undisclosed amount. The acquisition of Wright International grants FL Technics a foothold in the strategically important North American market and allows it to serve its airline clients across an even wider network of international locations. Wright International is a Canada-based provider of aircraft maintenance, repair, and overhaul services (MRO).

The increase in inflight passengers and the need for more aircraft with minimal downtime for maintenance is expected to propel the growth of the digital aerospace MRO market in the forecast period. Over the years there has been an increase in the global air traffic, which in turn increased the need for more aircraft with minimum downtime. Any establishment, workshop, or hangar that engages in and executes professional aircraft maintenance is referred to as an MRO facility. Through the employment of aviation ground support equipment, MRO facilities and experts assist in keeping airplanes running safely and reliably. For instance, according to a report published by the international civil aviation organization (ICAO) in 2019, the cumulative number of passengers traveling on scheduled services increased by 3.6% over the previous year, to 4.5 billion, while the number of departures increased by 1.7% to 38.3 million and passenger traffic (total scheduled revenue passenger-kilometers executed (RPKs)) grew by 4.9% in 2019, totaling 8686 billion RPKs.

The countries covered in the digital aerospace MRO market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • IBM Corporation
  • IFS AB
  • Ramco Systems
  • Rusada
  • Boeing
  • Swiss Aviation Software AG
  • Lufthansa Technik
  • General Electric
  • Honeywell International
  • HCL Technologies Limited
  • Oracle Corporation
  • Traxxall Technologies
  • Ansys
  • Capgemini
  • Hexaware Technologies
  • Winair
  • Microsoft Corporation
Note: Product cover images may vary from those shown

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