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The global aviation MRO software market size was valued at USD 7.01 billion in 2022 and is predicted to grow from USD 7.32 billion in 2023 to USD 10.61 billion by 2030, exhibiting a CAGR of 5.45% during the forecast period.
Aviation MRO software facilitates condition-based maintenance support and predictive maintenance analysis as software-as-a-service to end-users such as OEMs, airline operators, and MROs. It comprises a huge management, database, and modules for business, maintenance, electronic flightbag & logbook, and operations, which can be deployed on-premise or be provided through a cloud-based platform.
Technological advancements in commercial and military aviation is a significant market driver. The aviation industry has become more connected and data-driven to ground-based MRO systems for predictive maintenance, tracking, and efficient MRO operations based on data collected by aviation MRO software using aviation analytics and digital twin technologies. Aviation Digital Twin facilitates end-users to conduct various MRO functions using virtual aircraft models for predictive maintenance tracking and other MRO applications. IoT enables location and sensor-recorded data. The end-users can subject the digital aircraft twin to the environment and weather conditions for aviation analytics and predictive maintenance tracking. A rise in the use of aviation analytics and digital twin technologies drives the market growth during the forecast period.
COVID-19 Pandemic Caused a Downfall in the Aerospace Market Growth
The global impact of COVID-19 has been unprecedented with aviation MRO software witnessing a negative impact on its demand across all regions amid the pandemic. Due to the lockdown, there was a huge impact on the aviation industry, resulting in a slowdown in aircraft production and thus, impacting aircraft deliveries. The lockdown also led to a scarcity of raw materials and a severe disruption in the supply chain. Moreover, over 16,000 commercial aircraft were grounded or parked due to a ban on international travel. The demand for maintenance has drastically reduced and adversely impacted the software and services domain due to grounded aircraft. However, a growth in post-pandemic aircraft deliveries and resumed airport operations is expected to boost the demand for aviation MRO software, thereby growing the market in the forecast period.
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Increasing Use of Technologies Such as Artificial Intelligence, Augmented Reality, and the Internet of Things to Boost Market Growth
The emergence of Machine Learning, IoT, AI, and AR is expected to boost transformation in the aviation sector. For instance, in July 2022, Air Asia Company, a Taiwan-based privately owned aircraft maintenance company deployed an aviation suite. The suite is said to be equipped with latest upgrades of artificial intelligence and machine learning as a part of business automation and digital transformation. Additionally, machine learning generates algorithms from existing data and can anticipate future outcomes based on new data. Adopting machine learning in MRO software is expected to reduce supply chain risk and detect potential risk areas in a project, apart from numerous other advantages. Artificial intelligence with voice interface is anticipated to increase staff productivity and efficiency and reduce the need for training and simple operations.
Integration of IoT in the MRO software will help manage the enormous data. The complete value chain can be connected using IoT, enabling more reliable, efficient, and faster processes from production to supply chain operations. The MRO sector uses AR for faster training. The AR allows skilled engineers to provide support remotely, saving time and cost for operations. Thus, adopting emerging technologies such as AR, Artificial Intelligence (AI), and IoT are anticipated to create tremendous opportunities for aviation MRO software market growth in the coming years.
Expansion of Air Fleet to Increase the Demand for Advanced MRO to Accentuate Market Growth
A continuous increase in air travel in developing countries such as India and China is expected to increase the demand for new aircraft in major countries. The MRO software costs account for roughly one-fifth of the airline’s operational costs. A surge is to be experienced by the passenger-growth trend, with engines attracting the bulk of the maintenance prices. Considering categorization, airframe maintenance, line maintenance, and component may share the majority of operator cost bifurcation. With aircraft maintenance a priority, air operators have choices among aircraft OEMs, independent MROs, and components.
Airlines globally focus on expanding their aircraft fleet size due to the rising air passenger traffic. The market growth in the forecast period can be attributed to the increasing number of aircraft fleets. The MRO sector is expected to grow steadily through the next decade due to the increasing demand for air travel and growing aircraft fleet.
Increase in Post-Pandemic Travel Activities to Drive Market Growth
Since the number of COVID-19 patients is going down, followed by the ease in travel restrictions and implementation of safety regulations by airlines and airport authorities, aviation MRO software is anticipated to experience a rise in market growth in the forthcoming years due to a subsequent surge in the number of travelers in the post-pandemic period. The increasing demand for air travel has led to increased flight hours for aircraft. Additionally, the life cycle of various aircraft components, such as landing gear, brakes, engines, wheels, and others, decreases due to increased flight hours. Hence, the airlines and MRO operators focus on regular preventive aircraft checkups, health updates, and servicing. Increased adoption of MRO software to increase the efficiency of operations by collecting data generated by aircraft is expected to fuel the market growth during the forecast period.
High Cost of Research and Development to Limit Market Growth
Despite a rise in the demand for aviation MRO software, the high cost associated with research and development of such software and services is anticipated to restrain the market growth. The MRO software meets the needs of most electronic transmission, surveillance applications & communication, and others. With increased technological development in equipment and software, it must be advanced to maintain platform compatibility.
However, the high costs associated with the R&D of the particular technology are due to the complexity of the design and development of the module. Additionally, the development and integration of systems across the platforms and the maintenance of these systems are expensive. Hence, these factors are anticipated to affect market growth negatively.
Software Segment Dominated the Market in 2022 Owing to Demand for Software in Numerous Applications
Based on solution, the market is subdivided into software and services. The software segment is estimated to be the fastest-growing segment, accounting for the highest CAGR during the forecast period. The software segment is further classified into point solution, suite, and enterprise resource planning (ERP). The growing prominence of software-based solutions such as digital maintenance manuals, digital logbooks, and other aircraft health monitoring software accentuates segment growth. For instance, in February 2022, Lufthansa Technik and Vietjet announced that they had signed an agreement with Singapore Airshow to adopt a seamless digital pilot-to-maintenance collaboration application, AVIATAR’s Technical Logbook.
The services segment is anticipated to show significant growth during the forecast period. The services segment is estimated to hold substantial shares by 2030. The segment is further classified into consulting, deployment & integration support, maintenance, & up-gradation. The surge of services in the segment is due to increased digitization of MRO activities owing to the demand for support, maintenance & up-gradation affected by the end-user reassessment plans. The growth in the segment is due to the increased demand for MRO activities, overhauls, and major modifications from airline operators worldwide. The notable changes in standard certification, components, and other key updates are needed to understand the task in consulting services properly. Thus, the market is anticipated to grow in the forecast period.
Maintenance Management Segment to Drive the Market Growth Due to High Demand for Fleet and Inventory Management
Based on function, the market is classified as maintenance, operations, business, electronic flight bag, and logbook management. The maintenance management segment accounted for the largest market share in 2022. The segment is poised to rise at a significant CAGR during the forecast period. The maintenance management is further segmented into line maintenance, base maintenance, engine maintenance, and fleet maintenance. Airline operators and MRO organizations strongly demand inventory management and advanced fleet software. Further growth in this segment can be attributed to an increased demand for MRO activities and growing airline fleets worldwide that require fleet management software.
The operation management segment held a significant market share in 2022 and is anticipated to grow with a moderate CAGR during the forecast period. Operation management is classified into training, safety & quality assurance, supply chain management, engineering & CAMO, and others. The growing need for software to train the maintenance personnel and manage the supply chain is expected to boost the segmental expansion. The growth of this segment is due to an increased demand for supply chain management, software for training safety, and quality assurance.
The business management segment is anticipated to grow moderately in the forecast period. The growth can be attributed to the growing modernization of accounts and sales software. Business management is divided into accounts & finance, sales & marketing, and human resources. The segment growth is projected due to the high demand for accounts and sales software to manage the inventory and finances in an MRO.
The electronic flight bag and logbook management segment is anticipated to grow at the highest CAGR in the forecast period due to increasing demand for commercial flight bag tracking for air travelers to reduce the risk of misplacement or losses.
High Demand for Ownership Options to Drive Market Growth
The market is classified as subscription and ownership. The ownership segment held the largest in both 2022 and is also expected to hold largest share in 2030. The primary MRO companies majorly prefer ownership options owing to high investment costs and strong financial support in the industry. These key aspects will eventually boost segment growth during the forecast period. The segment growth is due to the increased demand for maintenance software by organizations inculpated in unscheduled maintenance.
The subscription segment is expected to grow with the highest CAGR through the forecast period. Key players prefer subscriptions to software services due to low-cost benefits as they subscribe on an annual, monthly, and quarterly and can also apply for a free sample subscription. The growth of this segment is due to the rising procurement of software for line and base maintenance activities.
Cloud Segment to Register High CAGR Owing to Increasing Investment by Industrial Companies
The market is bifurcated into on-premise and cloud based on deployment type. The on-premise segment was the largest in 2022. The growth is due to the increased upgradation of existing aircraft fleet and component availability in the storage. Additionally, increased demand for advanced computing infrastructure in the aviation industry is expected to boost the market growth in the forecast period.
Cloud is expected to grow exhibiting the highest CAGR in the forecast period. The segment is anticipated to grow significantly due to the increased MRO industry in emerging countries such as China and India. The cloud segment is expected to exhibit the fastest growth due to an increased demand for data-storing solutions for fleet and maintenance management applications.
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MRO Segment to Maintain High CAGR Owing to Increasing Investments in Maintenance Management
Based on end-use, the market is trifurcated into airline operators, MROs, and OEMs. The MRO segment was the largest in 2022. The segment growth is due to the increasing airline and cargo fleets requiring major maintenance operations. The growing demand for maintenance operations after the suspension of travel restrictions and airlines started reviving their fleets has led the MRO segment to grow faster.
The airline operator segment is projected to be the fastest-growing segment, with the highest CAGR through the forecast period. The airline segment will grow moderately as many operators subcontract other maintenance organizations for their MRO activities. The segment’s growth is attributed to increased passenger air traffic and cargo load worldwide. The increasing number of low-cost carriers is one of the primary reasons responsible for the airline fleet.
The OEM segment held a significant market share in 2022. The segment will showcase moderate growth with a significant CAGR during the forecast period. The OEM segment is expected to grow significantly during the forecast period due to increased demand for maintenance management in several European and Asian countries.
North America Aviation MRO Software Market Size, 2022 (USD Billion)
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This market is segmented into North America, Europe, Asia Pacific, the Middle East, and the rest of the world.
North America dominated aviation MRO software market share in 2022. North America market size stood at USD 1.92 billion in 2022. The U.S. dominated the market with the highest market share in 2022. The presence of market players such as ATP Inc., Oracle Corporation, and IBM Corporation is anticipated to drive market growth in the U.S. with global and domestic expansion plans.
For instance, in February 2022, IBS Software announced its partnership with Lynx Air to implement the iFlight digital platform to facilitate flight and crew operations management.
The Europe market size will grow moderately due to increased passenger air traffic. The presence of key players and OEMs such as Lufthansa Technik and Swiss Aviation Software plays a major role in the market growth. MRO companies such as Cromwell Group (Holdings) Ltd., Graco Inc., WABCO, Mento AS, Valeo Service U.K. Ltd., and other key MRO players contribute to MRO software installations. The MRO software providers are establishing agreements and contracts with key MRO providers. The MRO software providers use this to optimize the MRO facilities to deliver cost-effective and efficient services.
The market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Digitalization in this region is enhancing the technical perspective in the aviation industry for the effective and efficient base, operation, and line management. Thus, higher growth numbers are expected during the forecast period. A rise in aviation fleet for domestic and international routes to and from China is anticipated to drive market growth during the forecast period.
The Middle East market is anticipated to grow at a moderate growth rate during the forecast period. Partnerships, mergers, and acquisitions are the key trends in the region’s market. For instance, in March 2022, Aircraft Accessories and Components Company announced a partnership agreement with Safran Landing Systems, a world leader in landing gear maintenance, repair and overhaul (MRO).
Technological Advancements in Aviation MRO Software Implemented by Key Players to Propel Market Growth
The upcoming trends in the market are the design of technologically advanced aviation MRO software systems, using cloud deployment, and the development of new enhancements. Key players in the MRO software industry, such as GE Aviation, Oracle Corporation, and Lufthansa Technik AG, adopts strategies such as acquisition, agreements, and partnerships for growth. Moreover, investment in the research and development of new technologies is adopted by several key players to sustain their position in the market. A diversified software portfolio and innovative concepts accepted by key players are the major factors in boosting the market.
An Infographic Representation of Aviation MRO Software Market
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The report provides detailed information on the market and focuses on aspects such as service types, airport types, infrastructure types, and key players. In addition, the research report provides insights into airport ground and cargo handling service trends, competitive environment, market competition, product prices, and market conditions, focusing on key industry developments. In addition to the above factors, it contains several factors that have contributed to the sizing of the global market in recent years.
CAGR of 5.45% from 2023 to 2030
Value (USD Billion)
By Solution; By Function; By Point of Sale; By Deployment Type; By End-use; By Region
By Point of Sale
By Deployment Type
Fortune Business Insights states that the global market size was USD 7.01 billion in 2022 and is projected to reach USD 10.61 billion by 2030.
Registering a CAGR of 5.45%, the market will exhibit rapid growth during the forecast period (2023-2030).
The airline operator segment will dominate this market during the forecast period.
AeroSoft Systems Inc., ATP Inc., Aviation Intertec Services Inc., and CAMP Systems International Inc. are the leading players in the global market.
North America topped the market in terms of market share in 2022.
The U.S. dominated the market in 2022.
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