MRO Software Market in Aviation

1
MRO Software Market in Aviation Expected
to Reach 4.93 Billion by 2022, at a CAGR of 3.85
from
2017
to
2027 MarketsandMarkets
-
Exclusive
Report
by
According to the new research report "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
to 2022",
The
MRO
Forecast
software
market
in
aviation
is
estimated at USD 4.08 Billion in
2017 and is projected to reach USD
4.93 Billion by 2022, at a CAGR of
3.85 from 2017 to 2022. This
growth can be attributed to the
increasing use of software by small
and medium airlines and MROs.
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The ERP solution segment is projected to be the
largest solution segment of the
aviation maintenance software market
Based on solution, the aviation maintenance
software market has been segmented into
ERP and point solutions, which have been further
segmented into different MRO
software modules. The ERP solution segment is
divided into maintenance management,
operation management, and business management,
mainly driven by the increase in
the
adoption
of
integrated
ERP
software
solutions
by Tier
1
MROs
and
airlines. Increasing demand for digitalization
of MRO services is one of the key factors
driving the maintenance management modules of the
ERP solution segment, which, in
turn, is expected to drive the demand in aviation
maintenance software.
The cloud based solution deployment of the MRO
software market in aviation is
projected to grow at a higher CAGR as compared to
the on premises solution
during the forecast period
Based on deployment, the MRO software market in
aviation has been segmented into
on premises and cloud based solutions. The on
premises solution is the most adopted
by Tier 1 and Tier 2 MROs and airlines in the MRO
software market in aviation, as the
number of employees using this software in Tier 1
and Tier 2 organizations requiring
access to MRO software is high as compared to
Tier 3 MROs and small airlines. The
increase in demand for onsite MRO software by
Tier 3 MROs is one of the key factors
2
projected to drive the growth of the MRO software
in aviation market in the cloud based
solution deployment segment.
Asia Pacific is estimated to be the largest
market for MRO software in aviation in
2017
Asia Pacific is estimated to account
for the largest share of the MRO
software market in aviation in 2017.
Countries considered for market
analysis
in
this
region
include
Singapore, China, India, and Japan
and rest of the countries in the Asia
Pacific region. China is projected to
be the leading market for MRO
software in aviation in the Asia
Pacific region during the forecast
period. Increasing
deliveries
of
commercial
aircraft
and
maintenance and repair facilities in
China are contributing to the high demand for MRO
software in aviation in the Asia
Pacific region. In addition, the presence of key
MROs and airline maintenance facilities
in China is another significant factor
influencing the growth of the MRO software market
in aviation in the Asia Pacific region.
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Key Market Players
Key companies profiled in the aviation
maintenance software market, include AerData
(A Boeing subsidiary) (US), HCL Technologies
(India), IBM Corporation (US), IFS
(Sweden), Oracle Corporation (US), Ramco Systems
(India), Rusada (Switzerland), SAP
(Germany), Swiss AviationSoftware (Switzerland),
and Trax (US), among others. These
companies are focusing on the adoption of various
growth strategies to enhance their
presence in emerging economies worldwide.
Dont miss out on business opportunities in MRO
software market in aviation. Speak to
our analyst and gain crucial industry insights
that will help your business grow.
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