Market Size of Aviation Maintenance Repair and Overhaul (MRO) Software Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aviation MRO Software Market Analysis
The aviation maintenance, repair, and overhaul (MRO) software market was valued at USD 6,811.29 million in 2022. It is anticipated to grow at a CAGR of 4.35% during the forecast period.
The COVID-19 pandemic had a severe impact on the global aviation industry. Due to decreased passenger traffic and limited aircraft movements, the maintenance, repair, and overhaul market was affected significantly in 2020. According to the IATA Report 2020, global airline passenger revenues declined by USD 314 billion, which indicated a decline of 55% from 2019. Nevertheless, as travel restrictions eased in 2021 and aircraft movements gradually increased, the demand for aircraft maintenance is expected to witness growth in the coming years. This is expected to help the revival of the related aviation MRO software industry.
An increase in the deliveries of new aircraft worldwide owing to a rise in air passenger traffic has led to an increase in the maintenance, repair, and overhauling services to extend the operational life cycle of the aircraft. There are various types of aircraft MRO software available globally. Some of the software are Foreflight, TRAX Maintenance, Quantum MX, Flightdocs, Airlabs, and WinAir, amongst others. Artificial intelligence and its cognitive technologies that make sense of data can streamline and automate analytics, machinery maintenance, customer service, as well as many other internal processes and tasks. So, AI technologies are useful for various aspects of airline operation management.
The advent of artificial intelligence (AI) has opened paths to precision repair operations and predictive maintenance, thereby further driving aircraft maintenance engineers to depend on MRO software when providing MRO services. Moreover, the growing interest in the usage of MRO software in recent times has led to various airline companies investing in advanced MRO software to carry out regular operations and this will lead to a positive outlook in the market and will lead to market growth during the forecast period.
Aviation MRO Software Industry Segmentation
Maintenance, repair, and operations (MRO) software is used in the aviation industry for maintenance, repair, operations, and overhaul needs. Aviation maintenance software tracks and simplifies the constant maintenance, repair, and overhaul (MRO) operations associated with the aviation industry. It performs several essential functions, such as monitoring the inventory, supporting preventive and essential maintenance and repairs, scheduling work orders, and tracking and documenting compliance.
The aviation MRO software market is segmented by deployment, end user, and geography. By deployment, the market is segmented into cloud-based and on-premises. By end user, the market is classified into airlines, MROs, and OEMs. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The market sizing and forecasts have been provided in value (USD million) for all the above segments.
| Deployment | |
| Cloud-based | |
| On-premises |
| End User | |
| Airlines | |
| MROs | |
| OEMs |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Middle-East and Africa | |
| Latin America |
Aviation Maintenance Repair and Overhaul (MRO) Software Market Size Summary
The aviation maintenance, repair, and overhaul (MRO) software market is poised for growth, driven by the recovery of the global aviation industry post-COVID-19. The pandemic had a profound impact, leading to a significant decline in passenger traffic and aircraft movements, which in turn affected the MRO market. However, as travel restrictions eased and aircraft movements increased, the demand for MRO services began to rise, supporting the revival of the aviation MRO software industry. The market is characterized by the adoption of advanced software solutions, such as Foreflight, TRAX Maintenance, and Quantum MX, which are increasingly integrated with artificial intelligence to enhance operational efficiency. This technological advancement is facilitating precision repair operations and predictive maintenance, encouraging airlines to invest in sophisticated MRO software to streamline their operations.
The MRO segment remains the dominant force in the market, with MRO companies being the primary users of MRO software, as they seek to improve service delivery and operational efficiency. The expansion of the global aircraft fleet, driven by rising air traffic, has led to the construction of new MRO facilities and the expansion of existing ones, further propelling market growth. The Asia-Pacific region is expected to witness significant growth due to its large aircraft fleet and the rapid expansion of aviation infrastructure in countries like China and India. Key players in the market, including Rusada, Ramco Systems Ltd, and IBM Corporation, are investing in research and development to introduce next-generation MRO software, which is anticipated to drive market expansion. Collaborations and strategic partnerships, such as those between Sanad Aerotech and GMF, are also contributing to the establishment of advanced MRO centers, enhancing the market's growth prospects.
Aviation Maintenance Repair and Overhaul (MRO) Software Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Deployment
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2.1.1 Cloud-based
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2.1.2 On-premises
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2.2 End User
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2.2.1 Airlines
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2.2.2 MROs
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2.2.3 OEMs
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.5 Latin America
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Aviation Maintenance Repair and Overhaul (MRO) Software Market Size FAQs
What is the current Aviation Maintenance Repair and Overhaul (MRO) Software Market size?
The Aviation Maintenance Repair and Overhaul (MRO) Software Market is projected to register a CAGR of 4.35% during the forecast period (2024-2029)
Who are the key players in Aviation Maintenance Repair and Overhaul (MRO) Software Market?
Ramco Systems Ltd, IBM Corporation, Rusada, AerData BV and HCL Technologies Ltd are the major companies operating in the Aviation Maintenance Repair and Overhaul (MRO) Software Market.
