"Smart Market Solutions to Help Your Business Gain Edge over Competitors"
The Aerospace industry is witnessing significant progress in the development of advanced technologies and using them while performing various maintenance activities. The aircraft, engine manufacturers, MRO service providers and airline companies are looking forward to invest in this kind of upgraded technologies to smoothen their maintenance and manufacturing operations.
Key Market Driver -
• The adoption of big data, Artificial intelligence and Robotics to increase the efficiency and decrease down time. • Increasing demand for predictive, perspective and condition based maintenance
Key Market Restraint -
• The high cost of MRO software. • Stringent Regulatory athourity restrictions
The market is segmented by technology, application, end-user and region.
Based upon the technology, The Global MRO industry are going through a rapid transformation as service providers are increasingly adopting digital technologies. The use of digital technologies such as Internet of things (IoT), blockchains,Artificial intelligence (AI), Robotics etc. The Global digital MRO market is expected to register significant growth during the forecast period due to rising investments in airline industries. These digital technologies are adapted because it increases the efficiency of operations and reduce turnaround time.
Based on Application the Global Digital MRO market is divided into set of maintenance activities such as inspection, performance monitoring, predictive analysis, major replacements and modifications. The growth of the segment can be calculated by increasing demand for predictive maintenance, part failure and troubleshooting.
Based on the End user the Global Digital MRO market is segregated into Airline industry, MROs, OEMs and OAMs. MROs must fulfil all Regulatory protocols and standards while reducing the time and cost of aircraft maintenance without cutting the corners. This approach will enhance the demand for software solutions to smoothen the operating efficiency.
On the basis of Regional Analysis the Global Digital MRO Market is classified into North America, Europe, Asia Pacific and others. The North America holding the largest market share and in near future companies like Microsoft, Google and IBM might play a major role in boosting the Digital MRO Market which will significantly lead for advancements in digital technologies used for Aircraft Maintenance Practices.
The key players of Digital MRO Market are: Lufthansa technik (Germany), The Boeing Company (USA), Airbus (France), IBM corporations (USA) Air France and KLM Engineering (France) ST Aerospace (Asia Pacific and Europe), SIA Engineering (Singapore), Honeywell (USA), General Electric (USA), RAMCO Systems (India), Swiss Aviation Software’s (Switzerland), Delta tech ops (USA), Turkish technik (Turkey), Hexaware Technologies (India)
The North American digital MRO market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to increasing aircraft deliveries in the region. The North America digital MRO market has flourished on the back of rapidly strengthening trend of digitization of MRO among OEMs and aviation industry. In addition, MRO companies are expanding their product portfolio, which is spurring investments by major airlines, especially in the U.S. Growing popularity of AI-powered solutions among end users has also expanded the revenue-generating potential of the region in the MRO market.
To gain extensive insights into the market, Request for Customization
By End User
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry