Report ID: SQMIG20A2252
Report ID:
SQMIG20A2252 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
125 |
Figures:
71
Global 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).
The global aircraft MRO software market is driven by strong investments towards automation in the aircraft industry. The aim is to improve efficiency, improve supply chain management, and improve supply chain efficiency by reducing the chances of errors. In providing MRO services with aircraft and location and enhanced interoperability between aircraft maintenance, personnel management capabilities are expected to accelerate the demand for MRO software in the coming years.
During the forecast period, airlines are expected to expand their fleet significantly due to the increasing number of international and domestic passengers. This is likely to lead to expansion of data which in turn will necessitate the use of MRO software for monitoring data. Furthermore, the market is expected to continue with the outsourcing of support agreements, which could increase the number of private players entering the aviation industry. Furthermore, the importance of power maintenance for high-tech aircraft is becoming increasingly evident. Over the years, there is expected to be a resurgence in reliance on aircraft Maintenance, Repair, and Overhaul (MRO) software, which will significantly benefit the market.
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Report ID: SQMIG20A2252