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Global Aviation MRO Software Market 2018-2022: Increasing Adoption of Internet of Things (IoT), Artificial Intelligence (AI), Augmented Reality (AR), and Big Data Analytics

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News provided by

Research and Markets

Apr 24, 2018, 10:00 ET

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DUBLIN, April 24, 2018 /PRNewswire/ --

The "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" report has been added to ResearchAndMarkets.com's offering.

The MRO software market in aviation is projected to grow from an estimated USD 4.08 Billion in 2017 to reach USD 4.93 Billion by 2022, at a CAGR of 3.85% from 2017 to 2022.

The growth of this market can be attributed to the increase in digitalization of MRO activities by commercial airlines and MROs and the rising demand for the enhancement, repair, and maintenance of existing aircraft fleets.

Based on solution, the aviation maintenance software market is segmented into Enterprise Resource Planning (ERP) and point solution. The ERP solution segment is divided into maintenance management, operations management, and business management, mainly driven by the increase in the adoption of integrated ERP software solutions by Tier 1 MROs and airlines. The point solution segment is divided further into health monitoring, electronic flight bag & logbook, documentation, inventory management, and others. The health monitoring subsegment of the point solution is expected to lead the MRO software market due to increase in the demand for health monitoring software by aircraft and engine OEMs.

By deployment, the on premises segment is estimated to account for the largest share of the aviation maintenance software market in 2017. On-premises solutions are installed locally on a company's own hardware and servers. This solution is generally priced under a one-time licensee fee, depending upon the size of the organization and number of concurrent users, along with continual fees for training, support, and software updates. As the demand for these solutions is greater from airlines for the enhancement of their operational efficiency, the demand for on premises software solutions in the MRO software in Aviation market is high as compared to cloud based solutions.

By end user, the airlines segment is estimated to account for the largest share of the MRO software market in aviation in 2017. This segment is majorly driven by the growing demand for operations management which includes engineering & CAMO and maintenance management. Furthermore, the demand from large and medium size airlines is also driving the growth of the airline end user segment in the MRO software market in aviation industry.

The growth in global MRO spending by airlines and a significant increase in digitalization of MRO activities from MROs are projected to drive the growth of the MRO software market in aviation. The increase in demand for upgradation of the legacy Management Information System (MIS) to digital MRO software is another factor influencing the growth of the MRO software market in aviation. However, lack of common data standards and limited budgets restraining adoption of the integrated MRO software suite are expected to hinder market growth. Additionally, issues associated with compliance along with strict aviation regulations act as a challenge for the growth of the market. On the other hand, developments in artificial interlinkage, internet of things, augmented reality, and big data analysis offer key growth opportunities to manufacturers of MRO software in aviation.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the MRO Software Market in Aviation
4.2 ERP Solution Segment, By Subsegment
4.3 Asia Pacific MRO Software Market in Aviation, By End User & Country
4.4 Europe MRO Software Market in Aviation, By Deployment
4.5 MRO Software Market in Aviation, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Demand for Predictive, Prescriptive, and Condition Based Maintenance Through Data Shared By Connected Aircraft
5.2.1.2 Increasing Adoption of Software as A Service (SaaS)
5.2.1.3 Demand for Upgradation of the Legacy Management Information System (MIS) to Digital Aviation Maintenance Software
5.2.2 Restraints
5.2.2.1 Limited Budget Restrains the Adoption of the Integrated MRO Software Suite
5.2.2.2 Lack of A Common Data Standard
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Internet of Things (IoT), Artificial Intelligence (AI), Augmented Reality (AR), and Big Data Analytics By MROs
5.2.4 Challenges
5.2.4.1 Compliance With Stringent Aviation Regulations

6 Industry Trends
6.1 Introduction
6.2 Technological Advancements in the Aviation Industry
6.2.1 Internet of Things
6.2.2 Prescriptive Maintenance
6.2.3 Augmented Reality
6.2.4 Blockchain Application in MRO
6.3 Data Science Revolution Transforming Aviation
6.3.1 Optimizing Operations
6.4 Emerging Trends
6.4.1 Maintenance On-The-Go
6.4.2 Increased Mobility
6.4.3 3D Printing
6.4.4 Big Data
6.5 Application Areas for New Technologies in Digital MRO Market
6.5.1 Introduction
6.5.1.1 Cloud Technology
6.5.1.2 Advanced Analytics and Digital Transformation
6.5.1.3 Data Routing
6.5.1.4 Artificial Intelligence
6.5.1.5 Internet of Things
6.6 Parameters for the Selection of MRO Software

7 MRO Software Market in Aviation, By Solution
7.1 Introduction
7.2 Enterprise Resource Planning (ERP) Solution
7.2.1 Maintenance Management
7.2.1.1 Line Maintenance
7.2.1.2 Base Maintenance
7.2.1.3 Engine Maintenance
7.2.1.4 Fleet Management
7.2.2 Operations Management
7.2.2.1 Training, Safety, & Quality Assurance
7.2.2.2 Supply Chain Management
7.2.2.3 Engineering & Camo
7.2.3 Business Management
7.2.3.1 Accounts & Finance
7.2.3.2 Sales & Marketing
7.2.3.3 Human Resource
7.3 Point Solution
7.3.1 Health Monitoring
7.3.2 Electronic Flight Bag & Logbook
7.3.3 Documentation
7.3.4 Inventory Management
7.3.5 Others

8 MRO Software Market in Aviation, By Deployment
8.1 Introduction
8.2 On-Premises
8.3 Cloud-Based

9 MRO Software Market in Aviation, By End User
9.1 Introduction
9.2 Airlines
9.2.1 Small Airlines (Less Than 100 Aircraft)
9.2.2 Medium Airlines (Fleet of 100 to 400 Aircraft)
9.2.3 Large Airlines (More Than 400 Aircraft)
9.3 MROs
9.3.1 Small MROs (Less Than 100 Employees)
9.3.2 Medium MROs (101 to 500 Employees)
9.3.3 Large MROs (More Than 500 Employees)
9.4 OEMs
9.4.1 Aircraft OEMs
9.4.2 Engine OEMs

10 MRO Software Market in Aviation, By Region

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
11.2.1 Contracts
11.2.2 New Product Launches
11.2.3 Acquisitions, Agreements, and Partnerships

12 Company Profiles
12.1 HCL Technologies
12.2 Boeing
12.3 SAP
12.4 International Business Machines (IBM)
12.5 Ramco Systems
12.6 IFS (Industrial and Financial Systems)
12.7 Oracle
12.8 Infor
12.9 Trax
12.10 Swiss Aviationsoftware
12.11 IBS Software Services
12.12 Rusada
12.13 Commsoft
12.14 Flatirons Solution
12.15 Sopra Steria

For more information about this report visit https://www.researchandmarkets.com/research/wr49p6/global_aviation?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
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SOURCE Research and Markets

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