Aviation MRO Software Market worth $8.0 billion by 2025

1
The report "MRO Software Market in Aviation by
End User (Operators, OEMs, MROs, Lessors),
Solution (Software, Services), Deployment Type
(On-premises, Cloud), Function (Maintenance,
Operations, Business Management), Pricing Model,
and Region - Global Forecast to 2025" 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.
Growing demand for predictive,
prescriptive, and condition-based
maintenance through data shared by connected
aircraft, and increasing adoption of
software-as-a-service are the major
factors anticipated to boost the demand for MRO
software in aviation during the forecast period.
Furthermore, the demand for the upgrade of legacy
management information system (MIS) to digital
MRO software in aviation and the need to reduce
turnaround time (TAT) of maintenance operations
are also expected to lead to a rise in demand for
aviation MRO software during the forecast
period. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id215684414 Cloud segment projected to grow
at a higher CAGR from 2020 to 2025 Based on
deployment type, the cloud segment is anticipated
to grow at a higher CAGR during the forecast
period. Cloud-based systems digitally maintain
records in the form of manuals, maintenance
logs, flight plans, aircraft maintenance tracking
reports, record books for adherence to
airworthiness regulations, and service
bulletins. These systems also provide fast and
inexpensive management of different types of
maintenance data, offer real-time access to spare
parts inventories, and send alerts for
maintenance tasks to MROs. Maintenance management
segment projected to grow at highest CAGR from
2020 to 2025 Based on function, the maintenance
management segment is estimated to grow at the
highest CAGR during the forecast period.
Maintenance management software enable the
monitoring of aircraft components and provide
real-time data for performance monitoring. The
data from airline operators help MRO facilities
make arrangements for future planned
maintenance, including labor management and
spare parts management. MRO software systems
integrate maintenance, planning, execution
systems, and workforce management systems along
with dashboards and reporting tools that are
used at mid-level and management levels, thus
helping in improving line, heavy, and engine
maintenance of aircraft.
2
Asia Pacific MRO software market in aviation
projected to grow at highest CAGR from 2020 to
2025 Based on region, the Asia Pacific region is
expected to witness substantial growth during
the forecast period. An increase in passenger
traffic is the primary reason for the increased
demand for maintenance technicians, and thereby,
MRO software, especially in countries such as
India, China, Japan, and Singapore. The increase
in air passengers from Asia Pacific is a result
of improvements in the economic status of the
middle-class population and the introduction of
low-cost carriers. According to Boeing
Commercial Outlook 2019, there will be more than
17,390 aircraft deliveries by 2038 in Asia
Pacific owing to the rise in passenger traffic.
This will lead to a surge in demand for
maintenance technicians in the region. According
to Boeing Pilot Technician Outlook, more than
266,000 new maintenance technicians will be
required in the Asia Pacific region by 2038. With
the rise in demand for maintenance technicians,
there will be a rise in demand for MRO software
during the forecast period to enhance
maintenance operations. Key Market Players The
key market players in the MRO software market in
aviation are HCL Technologies Limited (India),
SAP SE (Germany), International Business Machines
Corporation (US), Ramco Systems Limited (India),
IFS AB (Sweden), Oracle Corporation (US), Boeing
(US), Infor (US), Trax (US), Swiss
AviationSoftware (Switzerland), IBS Software
(India), Rusada (Switzerland), Communications
Software Limited (UK), Flatirons Solutions, Inc.
(US), Aviation Intertec Services (Canada),
BytzSoft Technologies Pvt. Ltd. (India),
Tracware Limited (UK), FLY Online Tools (US),
Aerosoft Systems Inc. (US), Lufthansa Technik AG
(Germany), GE Aviation (US), and Sopra Steria
(France). Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
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