Dublin, September 19, 2023 (GLOBE NEWSWIRE) — The “Aviation MRO Software Global Market Report 2023” report has been added to ResearchAndMarkets.com’s to offer.
The global aviation MRO (Maintenance, Repair, and Overhaul) software market is poised for significant growth, with revenues expected to increase from $6.28 billion in 2022 to $6.63 billion in 2023, driven by a compound annual growth rate (CAGR) of 5.6%. Over the forecast period, the aviation MRO software market is expected to continue to grow and reach $8.06 billion by 2027, at a CAGR of 4.9%.
Leading players in the aviation MRO software market include International Business Machines Corporation, Flatirons Solutions Inc., Rusada Aviation Software, Sopra Steria, Aviation InterTec Services, General Electric Company, Bytzsoft Technologies Pvt. Ltd., Aerosoft Systems Inc., Lufthansa Technik AG, Tracware Limited, IFS AB (Industrial and Financial Systems), Oracle Corporation, Swiss Aviation Software, The Boeing Company and Ramco Systems.
Reasons to buy
- Gain a comprehensive global view of the aviation MRO software market, covering more than 50 regions.
- Gain insight into how the market has been affected by the COVID-19 pandemic and its post-pandemic response.
- Evaluate the impact of the war between Russia and Ukraine on agriculture, energy and the supply of mineral raw materials, and its indirect effects on the market.
- Measure the impact of high global inflation on market growth.
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- Leverage forecast data and market trends to outperform the competition.
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Aviation MRO Software Market Overview
Aviation MRO software includes specialized software solutions designed to manage and optimize the maintenance, repair and overhaul operations of aircraft and aviation equipment. These software systems play a crucial role in ensuring the efficient and safe operation of airline fleets and provide capabilities such as order management, inventory management, scheduling and other essential services.
The key functionalities of aviation MRO software include maintenance management, operations management, business management and other related services. Maintenance management involves the systematic maintenance of a company’s assets and resources, with an emphasis on cost and time efficiency. Aviation MRO software supports aircraft MRO activities including inventory monitoring, vital and preventative maintenance and repairs. These solutions can be deployed on-premise or in the cloud and fall under the categories of enterprise resource planning (ERP) and point solutions. The aviation MRO software market serves both the commercial and military sectors.
Key market trends
Technological advancement is a prominent trend in the aviation MRO software market, with major companies in the sector investing in research and development to introduce innovative technologies and maintain their competitive advantage.
In [Month, Year], [Company Name]a US-based leader in the aviation MRO software market, completed the acquisition of [Acquired Company Name] for [Acquisition Amount]. This strategic move had a purpose [Briefly explain the purpose and benefits of the acquisition, such as expanding product offerings, entering new markets, or enhancing technological capabilities].
In 2022, North America emerged as the largest region in the aviation MRO software market, while Asia Pacific is expected to experience the fastest growth over the forecast period. The report covers regions such as Asia Pacific, Western Europe, Eastern Europe, North America, South America and the Middle East & Africa.
Increase in air passenger traffic
Growth in air passenger traffic is expected to drive the expansion of the aviation MRO software market. Passenger air traffic refers to the increasing number of travelers using air transport, measured by various indicators, such as the number of passengers carried by airlines, flight frequencies and revenue generated by the air travel sector. The increase in air passenger traffic necessitates better safety measures. Aviation MRO software plays a critical role in streamlining maintenance processes, improving passenger safety and ensuring regulatory compliance. As a result, rising air passenger traffic is expected to drive demand for aviation MRO software.
For example, in February 2023, the International Air Transport Association (IATA) reported a 55.5% year-over-year increase in total traffic for February 2023, as measured by revenue passenger kilometers (RPKs). North American airlines recorded a remarkable 130.2% year-over-year traffic growth in 2022 compared to 2021. These statistics underscore the growing importance of aviation MRO software in managing aircraft maintenance and safety in the in light of increasing air traffic.
Most important features:
|Number of pages||175|
|Forecast period||2023 – 2027|
|Estimated market value (USD) in 2023||$6.63 billion|
|Expected market value (USD) in 2027||$8.06 billion|
|Compound annual growth rate||5.0%|
Main topics covered:
2. Market characteristics of aviation MRO software
3. Market trends and strategies for aviation MRO software
4. Aviation MRO Software Market – Macroeconomic Scenario
4.1. COVID-19 impact on the aviation MRO software market
4.2. War impact between Ukraine and Russia on the aviation MRO software market
4.3. Impact of high inflation on the aviation MRO software market
5. Market size and growth of aviation MRO software
5.1. Global Historical Aviation MRO Software Market, 2017-2022, $Billion
5.1.1. Market drivers
5.1.2. Market restrictions
5.2. Global Aviation MRO Software Forecast Market, 2022-2027F, 2032F, $Billion
5.2.1. Market drivers
5.2.2. Market restrictions
6. Market segmentation of MRO software in aviation
6.1. Global Aviation MRO Software Market, Segmentation by Function, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, $Billion
- Maintenance management
- Operational management
- Business management
- Other features
6.2. Global Aviation MRO Software Market, Segmentation by Solutions, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Enterprise Resource Planning (ERP) solutions
- Point solutions
6.3. Global Aviation MRO Software Market, Segmentation by Deployment Modes, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, $Billion
6.4. Global Aviation MRO Software Market, Segmentation by Applications, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7. Regional and Country Analysis of the Aviation MRO Software Market
7.1. Global Aviation MRO Software Market, Broken by Region, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, $Billion
7.2. Global Aviation MRO Software Market, Breakdown by Country, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, $Billion
For more information about this report, visit https://www.researchandmarkets.com/r/umng14
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Global Aviation MRO Software Market