The global Aviation MRO Software market— AeroSoft Systems Inc. (Canada), ATP Inc. (U.S.), Aviation Intertec Services Inc. (Canada), The Boeing Company (U.S.), CAMP Systems International Inc. (U.S.), Communications Software (Airline Systems) Limited (U.K.), GE Aviation (U.S.), HCL Technologies Limited (India), IBM Corporation (U.S.), IBS Software Pvt. Ltd. (India), IFS AB (Sweden), Jet Support Services Inc. (U.S.), Lufthansa Technik AG (Germany), and Oracle Corporation (U.S.)
Market Highlights
The global Aviation MRO Software market is accounted to register a CAGR of 4.8% during the forecast period and is estimated to reach USD 10 Billion by 2030.
The Aviation MRO (Maintenance, Repair, and Overhaul) Software market encompasses the software solutions used by aviation organizations for managing and optimizing maintenance operations. It includes tools for tracking inventory, scheduling maintenance tasks, managing work orders, and analyzing data to enhance overall efficiency and safety in the aircraft maintenance process.
Segment Analysis
The global Aviation MRO Software market has been segmented based Solution, Function, Point of Sale, Deployment Type and End-use.
On the basis of Solution, the market is segmented into software and services. The software section is anticipated to grow at the fastest rate and have the greatest CAGR over the forecast period, making it the largest segment in 2021.
Based on Function, the global Aviation MRO Software market has been segmented into maintenance management, operations management, business management, and electronic flightbag & logbook management. In terms of market share, the maintenance management sector is anticipated to be the largest in 2021. During the projection period, the segment is anticipated to increase at a considerable CAGR.
Based on Point of Sale, the global Aviation MRO Software market has been segmented into subscription and ownership. In both 2021 and 2029, the ownership sector will be the largest. Due to the substantial financial support provided by the sector and the significant investment expenses, the large MRO businesses favour ownership options in the main.
Based on Deployment Type, the global Aviation MRO Software market has been segmented into on-premise and cloud. In 2021, the on-premises category was the biggest. The expansion is the result of the fleet of existing aircraft being upgraded more often and the availability of components in storage.
Based on End-use, the global Aviation MRO Software market has been segmented into airline operators, MROs, and OEMs. In 2021, the airline operators segment accounted for the majority of sales. As many operators get into subcontracts with other maintenance organisations for their maintenance tasks, the category will have moderate growth.
Regional Analysis
The global Aviation MRO Software market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Aviation MRO Software market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aviation MRO Software market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aviation MRO Software market comprises of Middle East, Africa, and Latin America.
The North America Aviation MRO Software Market dominated this market in 2022. In 2021, North America's market was worth USD 1.85 billion. With the largest market share in 2021, the U.S. dominated the industry. With ambitions for both local and international expansion, industry players including ATP Inc., Oracle Corporation, and IBM Corporation are expected to fuel market growth in the United States.
Additionally, the second-largest market share for Aviation MRO Software is held by Europe's. Aviation maintenance software companies are entering into contracts and agreements with important maintenance companies. This is used by MRO software vendors to optimise the MRO facilities and deliver services that are economical and effective.
The region with the greatest expected CAGR during the forecast period is Asia Pacific. In this area, digitalization is improving base management, operation management, and line management from a technical standpoint for the aviation industry.
During the projection period, a moderate growth rate is expected for the Middle East market.
Key Findings of the Study
The global Aviation MRO Software market is expected to reach USD 10 Billion by 2030, at a CAGR of 4.8% during the forecast period.
The North America Aviation MRO Software Market dominated this market in 2022.
Based on Deployment Type, In 2021, the on-premises category was the biggest.
AeroSoft Systems Inc. (Canada), ATP Inc. (U.S.), Aviation Intertec Services Inc. (Canada), The Boeing Company (U.S.), CAMP Systems International Inc. (U.S.)