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Airport facility management services are in demand from aviation asset owners with airport holdings, both infrastructure and service related. These services are highly sought from firms with direct airport management experience.
Diligent Aviation Maintenance Repair and Overhaul Management (MRO) is a critical service provided. With aircraft utilization continuing to trend higher, owners need to ensure they plan maintenance events in the most efficient manner possible. Proactive planning is critical to ensure that aircraft are available to meet an owner or user’s missions.
Demand for MRO service providers is increasing due to mandatory maintenance requirement. Professional aviation management companies have the necessary operational expertise and experience efficiently plan and manage every type of repair and maintenance service, whether preventative or emergent.
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The IoT in aviation market is projected to grow from USD 593 million in 2019 to USD 1,941 million by 2025, at a CAGR of 21.9% during the forecast period.
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Air traffic management market is projected to grow from an estimated USD 9.7 billion in 2020 to USD 17.6 billion by 2025, at a CAGR of 12.6% during the forecast period.
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MRO Software Market in aviation is estimated to be USD 6.9 billion in 2020 and is projected to reach USD 8.0 billion by 2025, at a CAGR of 2.9% from 2020 to 2025.
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The aviation blockchain market is projected to grow from $421 million in 2019 to $1,394 million by 2025, at a CAGR of 22.1% during the forecast period.