The global aviation sector is experiencing significant growth in number of aircrafts in the current market scenario. Both the commercial airlines as well as the military forces are procuring aircraft in large numbers, which is creating substantial market space for MRO activities. The increasing MRO activities in recent times are heavily driving the aviation MRO software market, as this software enables the end-users to solve and sort the problems easily. Additionally, the demand for prescriptive and predictive analysis based aircraft maintenance is growing exponentially among the end-users, which is catalyzing the growth of the aviation MRO software market. Rising demand for software as a service among the airlines, aircraft OEMs, and MRO companies is facilitating the aviation MRO software market to escalate over the years. Artificial Intelligence (AI), Internet of Things (IoT), and Big Data is extensively used to stimulate the demand for aviation MRO software market in the coming years.
MARKET SCOPE
The "Global Aviation MRO Software Market Analysis to 2028" is a specialized and in-depth study of the Aviation MRO Software market with a special focus on the global market trend analysis. The report aims to provide an overview of Aviation MRO Software market with detailed market segmentation by solution, end users, application and geography. The global Aviation MRO Software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aviation MRO Software market players and offers key trends and opportunities in the Aviation MRO Software market.
MARKET SEGMENTATION
? Based on Solution, the global Aviation MRO software market is segmented into Enterprise Resource Planning (ERP) Solution and Point Solution
? On the basis End Users, the market is segmented into MRO Companies, Airlines, and OEMs.
? Based on Application, the market is bifurcated into Commercial and Military.
MARKET DYNAMICS
Drivers:
? Both the commercial airlines as well as the military forces are procuring aircraft in large numbers
? Increasing MRO activities in recent times
? Demand for prescriptive and predictive analysis based aircraft maintenance is growing exponentially
? Rising demand for software as a service among the airlines, aircraft OEMs, and MRO companies
Restraint -
? High initial cost of the systems
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aviation MRO Software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Aviation MRO Software market in these regions.
IMPACT OF COVID-19 ON AVIATION MRO SOFTWARE MARKET
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including Aviation MRO Software manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, which includes cutting back on MRO spending. Due to long duration of parked aircrafts, there will be an accelerated rate of aircraft retirements and more efficient and sustainable aircrafts will be deployed. Since more maintenance is required by aircrafts as they age, the replacement of older aircrafts by new ones is further affecting the Aviation MRO Software market.
MARKET PLAYERS
The reports cover key developments in the Aviation MRO Software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Aviation MRO Software market are anticipated to lucrative growth opportunities in the future with the rising demand for Aviation MRO Software market. Below mentioned is the list of few companies engaged in the Aviation MRO Software market.
The report also includes the profiles of key Aviation MRO Software market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
? The Boeing Company
? IBM
? Ramco Systems Ltd.
? SAP SE
? HCL Technologies
? ORACLE
? Swiss Aviation Software AG
? IBS Software
? COMMSOFT
? Flatirons Solutions