Digital MRO Market

Maintenance, Repair, and Operations (MRO) refer to a process that maintains, restore, and keeps component in a working condition. The MRO maintenance can be segmented into three categories: preventive maintenance, predictive maintenance, and corrective maintenance. With the emergence of digitalization, there are numerous types of technologies incorporated in the MRO such as 3D printing, artificial intelligence, big data analytics, and other advanced technologies. Digital MRO software includes several functions including safety and security services, aircraft handling, workforce management, among others.

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The major drivers contributing towards the growth of the Global Digital MRO market include the increasing digitalization activities among MROs, rising penetration of Software-as-a Services (SaaS) across the aviation industry, and the increasing requirement for improving maintenance, repair & overhaul of existing aircrafts. The aviation industry is leveraging the potential of advanced technologies such as big data analytics and AI in order to strengthen their capabilities of predictive maintenance and supply chain. Thus, it will drastically fuel the growth of the market. Airlines operators are adopting digital MRO to reduce their annual operational cost, to bring advancement in their supply chain, bolster their aftermarket service, and to provide enhanced customer experience. However, the high deployment cost of digital MRO software suite and shortage of a common data standard are some of the factors which are restraining the growth of the market.

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Based on the Technology, the Artificial Intelligence segment is expected to grow at a higher CAGR during the forecast period owing to the growing adoption of artificial intelligence due to the increase in demand for predictive maintenance, troubleshooting, and analysis of the previous failures. AI helps in optimization, maintenance, and planning by minimizing the requirement for routine maintenance, thereby increasing the investment by numerous airlines. AI can facilitate the maintenance process by using data shared and predict potential errors.

Based on the End-User, the MRO segment is projected to grow at a higher CAGR in the market during the forecast period. The rising emphasis of MROs on fulfilling the regulatory requirements while decreasing the timeline and maintenance cost of aircraft is encouraging them to invest in advanced technologies such as AI, blockchain, and digital twin. All these factors are driving the MROs segment in the market.

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Based on the region, North America is anticipated to lead the global Digital MRO market during the forecast period owing to the growing number of aircrafts deliveries, presence of large and medium-sized MROs as well as airlines in this region. In addition to this, the growing digital transformation of MRO and MRO services and the increasing emergence of various innovative technologies such as AI, IoT, 3D printing, and digital twins to handle and optimize difficult maintenance tasks and repairs is further fuelling the growth of the market.

The major key players in the market include Ansys, Inc., The Boeing Company, SAP SE, Capgemini SE, General Electric, Honeywell International, Inc., Hexaware Technologies, IFS, IBM Corporation, Ramco Systems, Lufthansa Technik AG among others.

Key Development:

• • In Dec 2019, Ramco Systems entered into an extended partnership with Hong Kong Aircraft Engineering Company Limited (HAECO Group), an Aviation Maintenance, Repair & Overhaul (MRO) specialist to bring software advanced Aviation solutions to four more business units in Hong Kong, Xiamen and Jinjiang.
  • In Jun 2019, Capgemini entered into “Skywise Partners” Program Agreement with Airbus to develop and propose the Skywise platform’s data services to airlines.

The Global Digital MRO market has been segmented based on the Technology, Application, End-User, and Region. Based on Technology, the market is segmented into Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, and Internet of Things. Based on Robotics, the market is segmented into Drones, and Robots. Based on Application, the market is segmented into Inspection, Performance Monitoring, Predictive Analysis, Part Replacement, and Mobility & Functionality. Based on End-User, the market is segmented into Airlines, MROs, and OEMs. Airlines is further segmented into Small Airlines, Medium Airlines, and Large Airlines. MROs is further segmented into Small MROs, Medium MROs, and Large MROs. OEMs is further segmented into Aircraft OEMs, and Engine OEMs.

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Key questions answered in this research report:

• • At what pace is the global Digital MRO market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Digital MRO market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Digital MRO market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technologies during the forecast period?
  • What are the various application areas of the global Digital MRO market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Digital MRO Market by Technology 

• • Predictive Maintenance
  • AR/VR
  • 3D Printing
  • Blockchain
  • Artificial Intelligence
  • Robotics
    • Drones
    • Robots
  • Big Data Analytics
  • Digital Twin
  • Internet of Things

Global Digital MRO Market by Application 

• • Inspection
  • Performance Monitoring
  • Predictive Analysis
  • Part Replacement
  • Mobility & Functionality

Global Digital MRO Market by End-User                    

• • Airlines
    • Small Airlines
    • Medium Airlines
    • Large Airlines
  • MROs
    • Small MROs
    • Medium MROs
    • Large MROs
  • OEMs
    • Aircraft OEMs
    • Engine OEMs

Global Digital MRO Market by Region

• • North America Digital MRO Market (Option 1: As a part of the free 25% customization)
    • North America Market by Technology
    • North America Market by Application
    • North America Market by End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Digital MRO Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Technology
    • Europe Market by Application
    • Europe Market by End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Digital MRO Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Technology
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW Digital MRO Market (Option 4: As a part of the free 25% customization)
    • ROW Market by Technology
    • ROW Market by Application
    • ROW Market by End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Digital MRO Market Leading Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Ansys, Inc.
  • The Boeing Company
  • SAP SE
  • Capgemini SE
  • General Electric
  • Honeywell International, Inc.
  • Hexaware Technologies
  • IFS
  • IBM Corporation
  • Ramco Systems
  • Lufthansa Technik AG