Digital Aerospace MRO Global Market Report 2022 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 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 markets response to the challenge of the global pandemic.
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.
Markets Covered:
1) By Technology: Predictive Maintenance; AR Or VR; 3D Printing; Artificial Intelligence; Internet Of Things; Robotics; Others
2) By Application: Inspection; Performance Monitoring; Predictive Analysis; Part Replacement; Mobility And Functionality
3) By End Users: 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.
This product will be delivered within 1-3 business days.
This report focuses on 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 markets 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 the 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:
1) By Technology: Predictive Maintenance; AR Or VR; 3D Printing; Artificial Intelligence; Internet Of Things; Robotics; Others
2) By Application: Inspection; Performance Monitoring; Predictive Analysis; Part Replacement; Mobility And Functionality
3) By End Users: 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.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Digital Aerospace MRO Market
What is the estimated value of the Global Digital Aerospace MRO Market?
What is the growth rate of the Global Digital Aerospace MRO Market?
What is the forecasted size of the Global Digital Aerospace MRO Market?
Who are the key companies in the Global Digital Aerospace MRO Market?
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 658.28 million |
Forecasted Market Value ( USD | $ 1094.68 million |
Compound Annual Growth Rate | 13.6% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Digital Aerospace MRO Market Characteristics3. Digital Aerospace MRO Market Trends And Strategies4. Impact Of COVID-19 On Digital Aerospace MRO28. Key Mergers And Acquisitions In The Digital Aerospace MRO Market29. Digital Aerospace MRO Market Future Outlook and Potential Analysis
5. Digital Aerospace MRO Market Size And Growth
6. Digital Aerospace MRO Market Segmentation
7. Digital Aerospace MRO Market Regional And Country Analysis
8. Asia-Pacific Digital Aerospace MRO Market
9. China Digital Aerospace MRO Market
10. India Digital Aerospace MRO Market
11. Japan Digital Aerospace MRO Market
12. Australia Digital Aerospace MRO Market
13. Indonesia Digital Aerospace MRO Market
14. South Korea Digital Aerospace MRO Market
15. Western Europe Digital Aerospace MRO Market
16. UK Digital Aerospace MRO Market
17. Germany Digital Aerospace MRO Market
18. France Digital Aerospace MRO Market
19. Eastern Europe Digital Aerospace MRO Market
20. Russia Digital Aerospace MRO Market
21. North America Digital Aerospace MRO Market
22. USA Digital Aerospace MRO Market
23. South America Digital Aerospace MRO Market
24. Brazil Digital Aerospace MRO Market
25. Middle East Digital Aerospace MRO Market
26. Africa Digital Aerospace MRO Market
27. Digital Aerospace MRO Market Competitive Landscape And Company Profiles
30. Appendix
Executive Summary
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 $589.86 million in 2021 to $658.28 million in 2022 at a compound annual growth rate (CAGR) of 11.6%. 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 $1,094.68 million in 2026 at a CAGR of 13.5%.
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, the 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 2021. 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.
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.
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 countries covered in the digital aerospace MRO market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Companies Mentioned
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
Methodology
LOADING...