Overview and Scope
Aviation MRO software is a term for specialty software programs designed to manage and streamline the care and repair of airplanes and other aviation equipment. These software systems ensure the effective and secure running of their fleets by providing order management, inventory control, shipping, and scheduling, and other required services.
Sizing and Forecast
The aviation mro software market size has grown strongly in recent years. It will grow from $6.63 billion in 2023 to $7 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to improved user interface and experience, focus on remote maintenance, automation of inventory management, advancements in data analytics, regulatory compliance enhancements.
The aviation mro software market size is expected to see steady growth in the next few years. It will grow to $8.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to expansion of iot and sensor integration, continued shift towards cloud-based solutions, advancements in mobile applications, embrace of advanced data analytics. Major trends in the forecast period include integration with erp systems, remote maintenance solutions, ai-powered inventory management, regulatory compliance tools, data analytics and reporting.
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Segmentation & Regional Insights
The aviation mro software market covered in this report is segmented –
1) By Function: Maintenance Management, Operation Management, Business Management, Other Functions
2) By Solutions: Enterprise Resource Planning (ERP) Solutions, Point Solutions
3) By Deployment Modes: On-premise, Cloud
4) By Applications: Commercial, Military
North America was the largest region in the aviation MRO software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aviation MRO software market report during the forecast period. The regions covered in the aviation mro software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in air passenger traffic is expected to propel the growth of the aviation MRO software market going forward. Passenger air traffic refers to an increase in the number of passengers traveling by air over time that can be measured in various ways, including the number of passengers carried by airlines, the number of flights operated, and the revenue generated by the air travel industry. The rise in air passenger traffic requires expanding security measures for passengers. Aviation MRO software streamlines maintenance procedures, improves passenger safety, and optimizes compliance. Hence, the rise in air passenger traffic is expected to drive the demand for the aviation MRO software market. For instance, in February 2023, according to the International Air Transport Association (IATA), a Canada-based association of world airlines, total traffic in February 2023 increased by 55.5% over February 2022 (measured in revenue passenger kilometers, or RPKs). Moreover, North American airlines reported a 130.2% increase in yearly traffic in 2022 over 2021. Therefore, the rise in passenger air traffic is driving the growth of the aviation MRO software market.
Key Industry Players
Major companies operating in the aviation MRO software market report are International Business Machines Corporation (IBM), Flatirons Solutions Inc., Rusada Aviation Software, Sopra Steria, Aviation InterTec Services, General Electric Company, Bytzsoft Technologies Pvt. Ltd., Aerosoft Systems Inc., Lufthansa Technik AG, Tracware Limited, IFS AB, Oracle Corporation, Swiss Aviation Software, The Boeing Company, Ramco Systems, HCL Technologies Limited, AerData BV, IBS Software Private Limited, SAP SE, Communications Software (Airline Systems) Limited, ATP Inc., CAMP Systems International Inc., AMOS Group AG, Infor Global Solutions, Dassault Systèmes SE, PTC Inc., Siemens AG, Honeywell International Inc., Thales Group, L3Harris Technologies
The aviation mro software market report table of contents includes:
1. Executive Summary
2. Aviation MRO Software Market Characteristics
3. Aviation MRO Software Market Trends And Strategies
4. Aviation MRO Software Market – Macro Economic Scenario
5. Global Aviation MRO Software Market Size and Growth
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31. Global Aviation MRO Software Market Competitive Benchmarking
32. Global Aviation MRO Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aviation MRO Software Market
34. Aviation MRO Software Market Future Outlook and Potential Analysis
35. Appendix
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