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TMCNet:  Digital MRO Market Worth $4.7 Billion by 2030 - Exclusive Report by MarketsandMarkets™

[September 05, 2019]

Digital MRO Market Worth $4.7 Billion by 2030 - Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 5, 2019 /PRNewswire/ -- According to the new market research report "Digital MRO Market by Technology (Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, IOT), End User (MROs, Airlines, OEMs), Application, Region - Global Forecast to 2030", published by MarketsandMarkets™, the Digital MRO Market is projected to grow from USD 1.0 billion in 2019 to USD 4.7 billion by 2030, at a CAGR of 14.6% from 2019 to 2030. This growth can be attributed to the increasing adoption of advanced solutions by small and medium airlines and MROs.

MarketsandMarkets

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Based on technology, the predictive maintenance segment is projected to lead the digital MRO market during the forecast period.

Based on technology, the predictive maintenance segment is projected to lead the digital MRO market from 2019 to 2030. Increasing adoption of digital solutions such as digital twin and advanced analytical software for predicting failure by tier one MROs and airlines is expected to drive the market for predictive maintenance. This will decrease the aircraft downtime and inventory sourcing time for MROs.

Based on end user, the MROs segment is projected to lead the digital MRO market from 2019 to 2030.

Based on end user, the MROs segment is projected to lead the digital MRO market during the forecast period. Large MROs have been investing in digital transformation with the help of technologies such as digital twin, artificial intelligence, blockchain, etc. Due to the demand for workflow efficiency and reducing aircraft downtime, the MROs segment is expected to lead the market during the forecast period.

The North American region is projected to hold high growth potential for digital MRO during the forecast period.

The digital MRO market in th North American region is expected to witness substantial growth during the forecast period. Many MROs are opting for digitalizing their services in this region. They are adopting advanced technologies such as robotics, digital twin, blockchain, artificial intelligence, etc., to optimize complex repair and maintenance tasks.

Browse in-depth TOC on "Digital MRO Market"

68 – Tables
41 – Figures
152 – Pages

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Major players in the digital MRO market are IBM Corporation (US), IFS (Sweden), Ramco Systems (India), Rusada (Switzerland). SAP (Germany), Swiss AviationSoftware (Switzerland), Lufthansa Technik (Germany), General Electric (US), Boeing (US), and Honeywell International (US).

Please Explore Relevant Reports:

Aircraft Health Monitoring Market by Aircraft Type (Commercial, Business, Rotary, Military), Operation Time (Real-Time, Non-Real-Time), Installation (Onboard, On Ground), Fit (Linefit, Retrofit), Solution, and Region - Global Forecast to 2023 

MRO Software Market in aviation by Solution (Enterprise Resource Planning (ERP) Solution, Point Solution), Deployment (Cloud Based, On Premises), End User (Airlines, MROs, OEMs), and Region – Global Forecast to 2022

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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