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Aviation MRO Software Market Size, Share and COVID-19 Impact Analysis, by Solution (Software and Service), By Function (Maintenance Management, Operation Management, Business Management, By Point of Sale (Subscription and Ownership), By Deployment Type (On-premise, and Cloud), By End-Use (Airline Operator, MROs, and OEMs), and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI101798

 

KEY MARKET INSIGHTS

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The global aviation MRO software market size was USD 6.52 billion in 2020. The market is projected to grow from USD 6.73 billion in 2021 to USD 9.16 billion in 2028 at a CAGR of 4.5% in the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with aviation MRO software witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global clear aligners market will exhibit a small decline of -5.9% in 2020. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

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From past few years the MRO industry has evolved significantly in terms of technology and automation in management of aircraft. Aircraft maintenance has various stages including inspection, troubleshooting, repairs & modifications, and other necessary checks as prescribed by the manufacturer of aircraft. The adoption of big data, artificial intelligence, robotics and other digitized technologies while performing maintenance has resulted in increased the efficiency and decrease down time. Additionally, the use of aviation MRO software tracks the airworthiness of aircraft and its parts for the long term. It is a comprehensive solution that provides aircraft component’s maintenance scheduling, logbook tracking, work order management, service bulletins management, and electronic task card management. The aviation industry works on data-driven technology, which consists of a large amount of data. The most important objective of aviation MRO software is to streamline the numerous processes, including training, safety, quality assurance, supply chain management, engineering, and CAMO.


In this market research report, we have considered software as an important segment and have listed insights and growth of the market during the forecast period. The increasing demand for predictive, perspective and condition based maintenance is likely to fuel the aviation MRO software sales in the aviation industry. Moreover, the aircraft, engine manufacturers, MRO service providers, and airline companies are looking forward to investing in these kinds of upgraded technologies to smoothen their maintenance and manufacturing operations. Thus, the key players of MRO software market are involved in developing innovations and are adopting new strategies to strengthen their market share. Therefore, the demand for digital platform-based software is expected to increase during the forecast period. For instance,



  • In May 2021, KPMG in a press release stated that India will witness major investments in several industries including aircraft maintenance, repair and overhaul (MRO), avionics and radars, software & engineering design services, and electronic warfare systems as foreign companies owns a share in the billions of dollars’ worth domestic defense and commercial market.


COVID-19 Pandemic Accelerated Digitalization in the Aircraft Maintenance (MRO) Industry


The aviation industry in 2020 was severely impacted by the COVID-19 pandemic but is slowly climbing its way out of the crisis’s deepest depths. As the economic crisis caused by COVID-19 has boosted digitalization in several sectors, including the aircraft maintenance industry leading to increased demand of aviation software. The MROs are investing in information technology development projects and efficiency-enhancing software solutions amid pandemic. The key players in software market are witnessing new investment for R&D, which will eventually accelerate the growth of aviation software market during the forecast period. For instance,



  • In June 2021, AerinX has agreed on a partnership to implement its (MR) mixed reality-based aircraft maintenance solution with Sharjah-based VD Gulf, for base maintenance facility at Sharjah International Airport. The software helps maintenance engineers identify damages precisely & accurately and reduces maintenance downtime and costs of maintenance.

  • Despite commencing operations amid coronavirus pandemic, AirAsia Group’s MRO unit Asia Digital Engineering (ADE) sees a silver lining in the crisis, which has brought down the growth rate of competitors in the market.


LATEST TRENDS


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Adoption of Best-In-Class Predictive Analytics Software to Favor Growth


Predictive maintenance (PdM) is a maintenance approach using sensors and software to monitor real-time data on asset condition, preventing failures before they occur. The integrated capabilities of predictive analytical software directly monitor the condition and performance of equipment during normal operation. Additionally, it digitally transforms airline operations by building a bridge of information between operators’ maintenance control centers (MCC) & engineering teams.



  • In July 2021, GE Digital made an agreement with Airbus and Delta TechOps in Digital Alliance for Fleet Health Monitoring and Diagnostics Solutions. GE Digital brings its best-in-class predictive analytics software and extensive aerospace systems engineering expertise to Airbus’ Skywise cloud-based open data platform and Delta’s operational & maintenance-related predictive models. Together these aviation leaders will provide cost savings, network efficiencies and increased fleet availability to 140 commercial aviation operators worldwide already engaged with Skywise Core.


DRIVING FACTORS


Procurement of Modern Aircraft in Large Numbers to Favor Market Growth


The increased air passenger traffic and the concept of low-cost airlines are major factors responsible for increased aircraft deliveries all over the world. In the modern era, the global aircraft fleet includes Boeing 787 and Airbus320-Neo holds a major fleet share in the market. This modern aircraft fleet generates a significant amount of data compared to older aircraft. Therefore, aircraft health monitoring will reduce the operational cost of airlines to a minimum. A large amount of data usage is anticipated to enhance the efficiency of the maintenance process in the coming years, This, in turn, will boost the aviation MRO software market growth in the aviation sector during the forecast period. 



  • Indigo airlines a subsidiary of Interglobe aviation holds 59.24% of domestic air travel market in India. The airline is the biggest customer of the Airbus320 family and holds a fleet of around 280 aircraft with around 350 aircraft that are yet to be delivered. The company is well known for its on time schedule with minimum delays due to high involvement of software for their maintenance practices including troubleshooting and major repairs in these modern air machinery.


Increasing Demand for Predictive Maintenance to Boost Market Growth


Predictive maintenance allows the MRO companies to lower the maintenance costs, extend component life, reduce downtime and improve maintenance quality by addressing problems before they cause component failures. The software used for predictive maintenance generally covers three factors in an organization including real-time monitoring of asset condition & performance, analysis of work order data, and it Benchmarks MRO inventory usage. High investments in MRO industry has led to major involvement of software used for predictive maintenance as these possess high reliability thereby driving the demand for predictive maintenance software and solutions during the forecast period.



  • In September 2020, the ministry of defense announced that the U.S. Air Force is expanding its capabilities on predictive analytics tools to keep pace with maintenance demands for its huge fleet of fighters, bombers, tankers, transports and helicopters. According to Air Force Times, aircraft readiness or the percentage of planes able to fly has steadily decreased over the past decade. Hence, the ministry has been enlisting analytics and AI software companies to get a handle on maintaining increasingly complex aircraft loaded with electronics gear.


RESTRAINING FACTORS


Lack of Data Standards and Limited Adoption of MRO Software to Hinder Market Growth


The increasing the adoption of software-based services in the aviation industry has boosted the demand for MRO software in the various countries. Aviation MRO software provides predictive analysis and condition-based support to the end-users. The MRO software also contains a large amount of database and management software, which is essential for the End users. The comprehensive solution and integration require complex programming to develop, which further makes the software very expensive. The major concern for the MRO software in the aviation market is the lack of common data standards, which varies vary from country to country and based on their regional aviation authorities. These key factors are anticipated to restrain the market growth for in the future years.


SEGMENTATION


By Solution Analysis


Significant Adoption of Software Based MRO Solution to Boost Market Expansion


Based on the solution, the market is classified into software and services.


The software segment is further sub-segmented into an enterprise resource planning (ERP) solution, point solution, and a suite.


The suite segment is projected to grow at the highest CAGR during the forecast period. As most of the MRO companies prefer the multi-function, management, and tracking systems in the software in several countries which has led to increased demand for aviation MRO software in the coming years.


Furthermore, the service segment is bifurcated into deployment & integration, consulting, support maintenance & up-gradation.


The major changes in standards, components certification, and other key updates are needed to be employed in maintenance services. This, in turn, is expected to boost market growth in the next few years. The support maintenance & up-gradation segment is projected to grow at a rapid pace in the forthcoming years.


By Function Analysis


Maintenance management Function is likely to Gain Maximum Revenue Share


By function, the market is segmented by maintenance management, operation management, electronic flight bag & logbook management, and business management.


The maintenance management segment held a major aviation MRO software market share and is expected be at a leading position during the forecast period. Airliners and MRO companies need to keep essential data secured for future use as well as it helps to reduce turnaround time during emergency. Therefore, most companies are adopting the precise storage in digital form.


The electronic flight bag & logbook management segment is expected to be the fastest-growing segment of the market during the forecast period. This growth is attributed to the increasing demand for commercial flight bag tracking for air travelers to reduce the risk of misplacement or losses. This factor is likely to boost demand for the product in near future.


By Point of Sale Analysis


Subscription Segment is Expected to Dominate the Market


By point of sale, the market is segmented into subscription and ownership.


The subscription segment is anticipated to be the fastest-growing segment in the next few years. The key players in the league prefers subscription of software services due to low-cost benefits as they subscribe for an annual, monthly, and quarterly basis.


The major MRO companies primarily prefer ownership options owing to high investment costs and strong financial supports in the industry. These key aspects will eventually boost the growth rate of the market during the forecast period.


By Deployment Type Analysis


The Growing Use of Cloud-Based Deployment to Fuel MRO Software Market Size


Based on deployment type, the market is divided into on-premise and cloud. The cloud segment of the market is expected to grow at a significant rate during the forecast period owing to increased demand for MRO services and solutions in developing economies such as China, Indonesia, and India.


The on-premise segment is expected to dominate the largest share of the market due to the increased up-gradation of the existing aircraft fleet and component availability in the storage.


By End-use Analysis


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Growing Commercial Aircraft Flights Is Supporting the Growth of End-use segment


Based on the end-use, the market is segmented into airline operators, OEMs, and MROs.


The airline operators segment is expected to grow at significant rate due to the rising demand for commercial MRO software services in Asia Pacific and European countries. The OEM segment is expected to grow at a significant growth rate during the forecast period owing to increased demand for maintenance management in several countries. Digitalization of the aviation MRO sector is behind the growth of the OEM segment.


The MRO segment is expected to dominate the largest share of the market due to the increased up-gradation, and regular maintenance of the existing aircraft fleet of passenger safety.


REGIONAL INSIGHTS


North America Aviation MRO Software Market Size, 2020 (USD billion)

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Global aviation MRO software market is studied across North America, Europe, Asia-Pacific, and the Rest of the World


North America market is estimated as USD 1.83 billion in 2020, owing to the presence of key player such as Oracle Corporation, the Boeing Company and GE aviation. Moreover, the growth of the market in the region is attributed to the rising usage of software for maintenance practices and other necessary operations. The U.S. held a maximum number of MROs in the region compared to the other countries. In addition, the region has more MRO Software manufacturers that facilitate excellent growth during the forecast period. 


The market in Europe is expected to grow moderately owing to the presence of prominent key players and OEMs such as Lufthansa Technik, Swiss Aviation Software AG, and Communications Software Limited. These companies are one of the top companies profiled in the region and hold some potential customers worldwide.


The market in Asia Pacific is anticipated expected to experience strong growth owing to the significant rise in new commercial aircraft deliveries in countries such as Japan and China and India. Moreover, due to rapid growth in the commercial aviation sector in India, prominent players, such as HCL Technologies Limited and IBS Software, are emerging as the fastest-growing market for aviation MRO Software over the same period in this country. Digitalization in these countries is enhancing the technical perspective in the aviation industry for effective and efficient base management, operation management, and line management. The region is expected to witness long-term growth in aircraft MRO Software market due to large potential backed by the largest populated region around the globe.


The Middle East is expected to witness substantial growth in the market owing to the increasing fleet size in the commercial sector. The Middle East consists of potential customers like Air Arabia, Fly Dubai, and many more emerging airlines looking forward to invest in modern software solutions to expand their existing capabilities and capacity in MRO industry.



  • In June 2021, MRO Middle East president in a press release stated that, Airlines and MROs have shown incredible versatility to mitigate the effects of the pandemic. The smaller fleet that emerges in 2022 will be more lean and efficient.


KEY INDUSTRY PLAYERS


Adoption of Continuous Innovation and Acquisition & Collaborations Strategies, To Sustain in the Market


The competition landscape market depicts the domination of selected players such as International Business Machines Corporation, Ramco Systems Limited, IFS AB, Oracle Corporation and GE aviation are among others. A diversified product portfolio of ERP, inventory management, supply chain management, human resources, inventory, maintenance, and other solutions. The companies are investing to collaborate in collaborating with key software companies for the development of MRO solutions. Strong R&D and strategic acquisition are prominent factors responsible for the strengthening position of these companies. These companies are adopting organic and inorganic growth strategies such as mergers and acquisitions, a new product launched, entering into a long-term contract with airlines, MRO service providers, and building long-term relationships with OEMs.


LIST OF KEY COMPANIES PROFILED:



  • Oracle Corporation (U.S.)

  • The Boeing Company (U.S.)

  • Swiss Aviation Software (Switzerland)

  • IBS Software (India)

  • Rusada (Switzerland)

  • HCL Technologies Limited (India)

  • SAP SE (Germany)

  • International Business Machines Corporation (U.S.)

  • Ramco Systems Limited (India)

  • IFS AB (Sweden)

  • Communications Software Limited (U.K.)

  • Aviation Intertec Services (Canada)

  • Aerosoft Systems Inc. (U.S.)

  • Jet Support Services, Inc. (U.S.)

  • Lufthansa Technik (Germany)

  • GE Aviation (U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • In June 2021, Ramco announced that it will implement its aviation software, Ramco Aviation M&E MRO Software V5.8 at Iraq's national carrier, Iraqi Airways Company. Ramco will implement its complete Aviation Software including modules for Engineering & CAMO, Maintenance, Materials Management and M&E Quality & Safety.

  • In July 2021, Empower MX signed a Five- year contract with CAS which is a leading provider of MRO. Empower MX is a leading cloud-based software platform that is designed to accelerate digital adoption in the Airline, MRO, and Defense establishments. Its product suite helps Engineering and Compliance, Heavy and Line Maintenance, Shop and Materials Management

  • In April 2021, US-Bangla Airlines opts Rusada's solution to manage their day-to-day airworthiness and maintenance activities as well as their long-term planning and forecasting. The Bangladeshi carrier will use seven modules of Envision, including the Line Maintenance, Inventory Management, and Technical Publications modules. Rusada will work on the implementation of the Aviation MRO software in the very short term, with the solution to be fully operational by the third quarter of this year.

  • In December 2020, The Ramco Aviation, Aerospace & Defense business unit won an order from a leading European MRO for delivering full suite Ramco Aviation Software, to digitally transform their MRO business consisting of line maintenance, heavy maintenance, engine shops, component shops & supply chain.


REPORT COVERAGE


An Infographic Representation of Aviation MRO Software Market

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The report offers qualitative and quantitative insights on the aviation MRO software systems and detailed analysis of market size & growth rate for the segments in the market.


Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report are the adoption of advanced technology, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and key Aviation MRO industry trends.


Report Scope & Segmentation






















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Estimated Year



 2021



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion)



 



By Solution



  • Software

    • Enterprise Resources Planning (ERP) Solution

    • Point Solution

    • Suite



  • Service

    • Deployment & Integration

    • Consulting

    • Support Maintenance & Upgrade





Segmentation



By Function



  • Maintenance Management

    • Line Maintenance

    • Base Maintenance

    • Engine Maintenance

    • Fleet Management



  • Operation Management

    • Training Safety & Quality Assurance

    • Supply Chain Management

    • Engineering & CAMO

    • Others



  • Business Management          

    • Accounts & Finance

    • Sales & Marketing

    • Human Resource

    • Electronics Flight Bag & Logbook Management

    • Human Resource





By Point of Sale



  • Subscription

  • Ownership



By Deployment Type



  • On-premise

  • Cloud



By End-Use



  • Airlines Operator

  • MROs

  • OEMs



By Geography



  • North America (Solution, Function, Point of Sale, Deployment Type, End-Use and Country)

    • U.S. (By End-Use)

    • Canada (By End-Use)



  • Europe (Solution, Function, Point of Sale, Deployment Type, End-Use, and Country)

    • U.K. (By End-Use)

    • Germany (By End-Use)

    • France (By End-Use)

    • Russia (By End-Use)

    • Rest of Europe (By End-Use)



  • Asia-Pacific (Solution, Function, Point of Sale, Deployment Type, End-Use and Country)

    • China (By End-Use)

    • Japan (By End-Use)

    • India (By End-Use)

    • Singapore (By End-Use)

    • Rest of Asia-Pacific (By End-Use)



  • Middle East (Solution, Function, Point of Sale, Deployment Type, End-Use, and Country)

    • Saudi Arabia (By End-Use)

    • UAE (By End-Use)

    • Qatar (By End-Use)

    • Rest of the Middle East (By End-Use)



  • Rest of the World (Solution, Function, Point of Sale, Deployment Type, End-Use, and Sub-Region)

    • Latin America (By End-Use)

    •  Africa (By End-Use)





Frequently Asked Questions

Fortune Business Insights says that the market was valued at USD 6.52 billion in 2020 and is projected to reach USD 9.16 billion by 2028.

The market is projected to grow at a CAGR of 4.5% during the forecast period (2021-2028).

The suite software services segment is leading segment in the market.

The increasing procurement of modern aircraft is to drive the markets growth.

Ramco Software is the leading player in the global market.

North America dominated the market share in 2020.

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