U.S. Aviation MRO Software Market Size, Share & COVID-19 Impact Analysis, By Solution (Software (ERP Solution, Point Solution, Suite), and Services (Deployment & Integration, Consulting)), By Function (Maintenance Management (Line, Base & Engine Maintenance), Operations Management (Training, Safety & Quality Assurance, Engineering & CAMO), Business Management (Accounts & Finance, Sales & Marketing), & Electronic Flightbag & Logbook Management), By Point of Sale (Subscription & Ownership), By Deployment Type (On-premise & Cloud), By End Use (Airline Operator, MROs), 2023-2030

The U.S. aviation MRO software market size is projected to grow at a CAGR of 5.42% during the forecast period. The U.S. has seen a significant rise in the number of airports and some of the largest air networks in the world. The presence of major airports, the thriving aviation industry, and increased spending on aviation MRO software are major market share drivers. The growth in the adoption and integration of emerging technologies such as Artificial Intelligence (AI) and Machine Learning (ML) is driven by the growth in the applications of airport MRO software in the market. For instance, in February 2022, IBS Software partnered with Lynx Air for the implementation of iFlight digital platform to facilitate crew and flight operations management.  

U.S. AVIATION MRO SOFTWARE MARKET TRENDS

Adoption and Use of Artificial Intelligence in Aviation MRO Software to Accentuate Market Growth

The market is anticipated to experience a rise in adopting artificial intelligence (AI) and machine learning (ML). Due to their wide acceptability, availability, and use in the U.S. aviation MRO market growth, such emerging technologies are being adopted by industries worldwide. Notably, the presence of major market players in the U.S. puts the country in a position poised to grow, owing to all the technological advancements and changes being made to the airport MRO software to accentuate market growth. For instance, in November 2021, U.S.-based Honeywell Technology Ltd. launched a software suite to support airport and aviation-related operations such as MRO. The Navitas platform is expected to facilitate AI decision-making across airside operations. 

U.S. AVIATION MRO SOFTWARE MARKET GROWTH FACTORS

Increased Post-Pandemic Travel Leading to Growing Fleet Operations to Propel Market Growth

Based on data from IATA, air tonnage is rising at a higher rate and is anticipated to maintain its growth in the forecast period. The increasing number of people ordering merchandise via online platforms from overseas and the booming e-commerce industry must strengthen freight services. As most e-commerce conglomerates are pushing for one or two-day guaranteed deliveries, they employ increasing shipping services to meet their promises. Hence, the growing freight tonnage through passenger airlines is boding well for the ground and cargo handling services market. Furthermore, an ease of restrictions in travel followed by a subsequent decrease in the number of COVID patients is expected to boost market share growth in the long term.

RESTRAINING FACTORS

Time Taken for the R&D for the Aviation MRO Software Market Expected to Hinder Market Growth

The research and development for the aviation MRO market is time and cost taking. Embedding emerging technologies in the complex system of MRO software is a huge task due to its complexity. The complexity grows with the addition of AI and Machine Learning (ML). Since combining these emerging technologies takes a lot of cost and time, it is likely to hinder regular operations and aviation MRO market growth.

KEY INDUSTRY PLAYERS

In terms of competitive landscape, the market depicts the presence of established and emerging companies. Oracle Corporation dominated the U.S. market in 2022. The company's apex position is attributable to its strong presence and offers coupled with greater emphasis on the adoption of digital technology by the company. This focus toward the greater adoption of digital tools and emerging technologies has allowed the company to provide appropriate solutions and services, considerably improving its sales and volume shipments.

Some other companies with a considerable presence in the U.S. market include ATP Inc., CAMP Systems International Inc., GE Aviation, IBM Corporation, and Jet Support Services Inc.

List of Top U.S. Aviation MRO Software Companies:

• ATP Inc. (U.S.)
• CAMP Systems International Inc. (U.S.)
• GE Aviation (U.S.)
• IBM Corporation (U.S.)
• Jet Support Services Inc. (U.S.)
• Oracle Corporation (U.S.)
• The Boeing Company (U.S.)
• Honeywell Automation Ltd (U.S.)

KEY INDUSTRY DEVELOPMENTS: 

• April 2022- Boeing Global Services, a company of The Boeing Company, unveiled an agreement with Spirit AeroSystems, Inc. to expand their MRO footprint and combine aftermarket resources to support flight control repairs and narcelle for the global 737 MAX fleet. The agreement between the two companies is anticipated to boost the MRO footprint and enhance the flight control surface by combining the best in the industry asset pools and a hands-on experience of Spirit AeroSystems.
• February 2022- Oracle Corporation has introduced new logistics features within its software platforms, such as Fusion Cloud SCM, Fusion Cloud Transportation Management, and Fusion Cloud Global Trade Management, which will help reduce cost, risk minimization, resources planning, and improve customer service experience, and agile business operations.
• January 2022 - Oracle Corporation unveiled that Qatar Airways completed the implementation of Oracle Fusion Cloud Enterprise Performance Management (EPM) to increase flexibility, accuracy, and transparency for Qatar Airways’ financial planning, budgeting, and forecasting. This development would help Qatar Airways to be agile and insightful to make better decisions.
• November 2021- U.S. based Honeywell Technology Ltd. launched a software suite to support airport and aviation-related operations such as MRO. The company’s Navitas platform was expected to facilitate decision-making across airside operations.
• October 2021- NASA partnered with GE Aviation to provide a hybrid electric technology demonstrator. The technology is anticipated to be flight tested with a modified Saab 340B testbed and turboprop engines- CT7-9B of GE. The technology is anticipated to be sustainable since it saves fuel and optimizes overall performance.

REPORT COVERAGE

The U.S. aviation MRO software market report provides a detailed market analysis. It focuses on key aspects such as an overview of technological advancements, the prevalence of companies in the U.S., and pricing analysis. Additionally, it includes an overview of the market scenario for new product launches, key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. Besides this, the report also offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market over recent years.

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