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Aviation MRO Software Market to Expand at 5.45% CAGR over 2023 to 2030; Jet Support Services Acquired SierraTrax to Reinforce Industry Position

August 23, 2023 | Aerospace & Defense

The global aviation MRO software market size stood at USD 7.01 billion in 2022. The market value is slated to rise from USD 7.32 billion in 2023 to USD 10.61 billion by 2030 at a CAGR of 5.45% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “Aviation MRO Software Market Size, Share & COVID-19 Impact Analysis, By Solution (Software (ERP Solution, Point Solution, and Suite) and Services (Deployment & Integration, Consulting, and Support Maintenance & Up-gradation)), By Function (Maintenance Management (Line Maintenance, Base Maintenance, Engine Maintenance, and Fleet Maintenance), Operations Management (Training, Safety & Quality Assurance, Supply Chain Management, Engineering & Continuing Airworthiness Management Organization (CAMO), and Others), Business Management (Accounts & Finance, Sales & Marketing, and Human Resources), and Electronic Flightbag & Logbook 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, 2023– 2030”.


Aviation Industry was Negatively Affected Due to Travel Restrictions


The pandemic of COVID-19 led to a negative impact on the market affecting the demand for the software in all the regions. About 16,000 commercial aircrafts were grounded due to restrictions on the international travel. However, post-pandemic deliveries of the aircraft deliveries and resumed airport operations is expected to boost the demand for aviation MRO software, thereby growing the market in the forecast period.


Jet Support Services Acquires SierraTrax to Strengthen Market Position


In June 2021, Jet Support Services Inc. announced its acquisition of SierraTrax, a market leader in the management of aviation maintenance tracking. SierraTrax is a provider of maintenance tracking software for business aircraft across the globe.


The company intended to focus on the extension of service into the large-cabin and super-mid segments for aligning with JSSI’s coverage of virtually every make and model of helicopter, business jet, and turboprop.


Market Share to Rise Owing to Escalation in Post-Pandemic Travel


Aviation MRO software market growth is driven by an increase in post-pandemic travel owing to the ease in travel restrictions and the implementation of safety regulations. The industry expansion is further impelled by a considerable upsurge in air travel demand.


However, high costs associated with research and development are expected to hinder market growth to some extent.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/aviation-mro-software-market-101798


Major Players Enter Partnership Agreements to Strengthen Industry Position


Key aviation MRO software companies are centered on adopting a range of strategic initiatives for the consolidation of their industry positions. These steps include collaborations, partnership agreements, and the launch of various products. Some of the additional steps comprise an upsurge in research activities and the development of new solutions. In March 2022, Aircraft Accessories and Components Company partnered up with Safran Landing Systems to develop aircraft and military rotary landings. 


Key Players



  • AeroSoft Systems Inc. (Canada)

  • ATP Inc. (U.S.)

  • Aviation Intertec Services Inc. (Canada)

  • CAMP Systems International Inc. (U.S.)

  • Communications Software (Airline Systems) Limited (U.K.)

  • GE Aviation (U.S.)

  • HCL Technologies Limited (India)

  • IBM Corporation (U.S.)

  • IBS Software Pvt. Ltd. (India)

  • IFS AB (Sweden)

  • Jet Support Services Inc. (U.S.)

  • Lufthansa Technik AG (Germany)

  • Oracle Corporation (U.S.)

  • Ramco Systems Limited (India)

  • Rusada Group SA (Switzerland)

  • SAP SE (Germany)

  • Swiss AviationSoftware Ltd. (Switzerland)

  • The Boeing Company (U.S.)


Key Industry Development



  • February 2022 – Vietjet and Lufthansa Technik inked an agreement with Singapore Airshow for the adoption of a seamless digital pilot-to-maintenance partnership application, dubbed AVIATAR’s Technical Logbook.


Further Report Findings



  • North America aviation MRO software market share is poised to grow at a commendable CAGR over the forecast period. The upsurge is propelled by the presence of key market players such as Oracle Corporation, ATP Inc., and IBM Corporation.

  • Europe market is slated to depict substantial expansion over the anticipated period. The rise is due to the presence of key industry participants in the region.

  • Based on solution, the market for aviation MRO software is fragmented into software and services. The software segment is anticipated to register considerable growth throughout the projected period.


Table of Segmentation
































































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Growth Rate



CAGR of 5.45% from 2023 to 2030



Historical Period



2019-2021



Unit



Value (USD Billion)



Segmentation



By Solution; By Function; By Point of Sale; By Deployment Type; By End-use; By Region



By Solution



  • Software


    • Enterprise Resource Planning (ERP) Solution

    • Point Solution

    • Suite


  • Services


    • Deployment & Integration

    • Consulting




By Function



  • Maintenance Management


    • Line Maintenance

    • Base Maintenance

    • Engine Maintenance

    • Fleet Maintenance


  • Operations Management


    • Training, Safety & Quality Assurance

    • Supply Chain Management

    • Engineering & Continuing Airworthiness Management Organization (CAMO)

    • Others


  • Business Management


    • Accounts & Finance

    • Sales & Marketing

    • Human Resources


  • Electronic Flightbag & Logbook Management



 



By Point of Sale



  • Subscription

  • Ownership



 



By Deployment Type



  • On-premise

  • Cloud



 



By End-use



  • Airline Operators

  • MROs

  • OEMs



 




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


    • The U.S. (By End-use)

    • Canada (By End-use)


  • Europe (By Solution, By Function, By Point of Sale, By Deployment Type, By End-use, By Country )


    • The 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 (By Solution, By Function, By Point of Sale, By Deployment Type, By End-use, By Country )


    • China (By End-use)

    • India (By End-use)

    • Japan (By End-use)

    • Singapore (By End-use)

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


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


    • Latin America (By End-use)

    • Africa (By End-use)



Aviation MRO Software Market
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  • 2019-2021
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