Aviation MRO Software Market Size, Share, Growth Analysis, By Type(Structural and Non-structural), By Aircraft Type(General and Commercial, Military and Defense, and Space Vehicles), By Product(Aluminum, Titanium, Composites, Superalloys), By Application(Aerostructure, Components, Cabin Interiors, Propulsion System), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20A2252 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 125 | Figures: 71

Aviation MRO Software Market News

In March 2022, AAR, the U.S.-based aviation industry MRO service provider, signs a distribution agreement with Collins Aerospace's Goodrich Specialty Icing Systems business. The deal expects the company to supply heating systems for other MRO aircraft worldwide. Additionally, Di-Icer will also benefit from this agreement.

In January 2022, Oracle Corporation introduced new logistics features in its software platforms, such as Fusion Cloud SCM, Fusion Cloud Transportation Management, and Fusion Cloud Global Trade Management, which help with cost reduction, risk mitigation, inventory management, customer service. It will also help improve the experience, and faster business operations.

In February 2022, Lufthansa Technik and Viatjet announced an agreement with the Singapore Airshow to adopt a simple digital pilot-to-maintenance collaboration application, AVIATAR’s Technical Logbook.

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Aviation MRO Software Market size was valued at USD 6.8 Billion in 2022 and is poised to grow from USD 7.1 Billion in 2023 to USD 9.92 Billion by 2031, growing at a CAGR of 4.35% in the forecast period (2024-2031).

Aviation MRO software market is highly competitive with several established players and emerging vendors offering innovative solutions to meet the evolving needs of the aviation industry. As technology continues to advance and the demand for efficient and cost-effective maintenance solutions grows, the market is expected to witness further consolidation, innovation, and expansion in the coming years.. 'AeroSoft Systems Inc. (Canada)', 'ATP Inc. (U.S.)', 'Aviation Intertec Services Inc. (Canada)', 'The Boeing Company (U.S.)', '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.)'

As the number of COVID-19 patients decreases, followed by relaxation of travel restrictions and implementation of safety regulations by airlines and airport authorities, the market growth of aircraft MRO software market is expected to increase in the coming years. Increasing demand for air travel has increased flight time. Additionally, the life of aircraft components such as various components such as landing gear, brakes, engines, and wheels decreases with increasing flight hours hence the focus of airlines and MRO personnel routine preventive flight inspections, health updates, and production controls. Widespread adoption of MRO software to enhance operational efficiency by archiving information brought by aircraft is expected to fuel the growth of the market during the forecast period.

Increased Use of Technologies Such as Artificial Intelligence, Augmented Reality and Internet of Things to Increase Market Growth: The emergence of machine learning, IoT, AI and AR are expected to increase transformation in the aviation industry. For example, in July 2022, Air Asia, a Taiwanese privately owned aircraft maintenance company, deployed a fleet. Besides being said to incorporate the latest developments in artificial intelligence and machine learning as business automation and digital transformation, machine learning generates algorithms from existing data and can predict future results based on new data. Adopting machine learning in MRO software is expected to reduce supply chain risk and identify potential risk areas in the business, among many other benefits. Artificial intelligence with voice interfaces is expected to increase employee productivity and productivity, reducing the need for simple training and operations.

North America dominated the aircraft MRO software market share in 2022. North America market size is US$ 1.92 billion by 2022. United States dominated the market with the largest market share in 2022. IBM Corporation is leading the US market through and domestic expansion plans. For example, in February 2022, IBS Software announced a partnership with Lynx Air to use the iFlight digital platform for flight and crew performance management.

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