The Digital Aerospace MRO Global Market Report 2023 by The Business Research Company, provides digital aerospace MRO market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Digital Aerospace MRO Global Market Report 2023, the global digital aerospace mro market size grew from $0.63 billion in 2022 to $0.66 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital aerospace mro market size is expected to grow to $1.02 billion in 2027 at a CAGR of 11.5%.
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.
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The digital aerospace MRO market is segmented:
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 User: OEMs, Airlines, MROs, Others
Top Major Players:
IBM Corporation
IFS AB
Ramco Systems
Rusada
Boeing
North America was the largest region in the digital aerospace MRO market in 2022.
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.
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The digital aerospace MRO market report table of contents includes:
1. Executive Summary
2. Digital Aerospace MRO Market Characteristics
3. Digital Aerospace MRO Market Trends And Strategies
4. Digital Aerospace MRO Market – Macro Economic Scenario
5. Digital Aerospace MRO Market Size And Growth
……………………………………………………………
26.Africa Digital Aerospace MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Digital Aerospace MRO Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Aerospace MRO Market
29. Digital Aerospace MRO Market Future Outlook and Potential Analysis
30. Appendix
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