Digital Aerospace MRO Global Market Report 2021 with a focus on inspection, performance monitoring, predictive analytics, parts replacement, mobility and functionality – ResearchAndMarkets.com

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DUBLIN– (BUSINESS WIRE) –The “Global Digital Aerospace MRO Market Report 2021: Growth and Change Linked to COVID-19” the report was added to ResearchAndMarkets.com offer.

The global digital aerospace MRO market is expected to grow from $ 481.9 million in 2020 to $ 542.1 million in 2021 at a compound annual growth rate (CAGR) of 12.5%. The market is expected to reach $ 1,018.1 million in 2025 at a CAGR of 17.1%.

North America was the largest digital aerospace MRO market region in 2020. Europe was the second largest digital aerospace MRO market.

The major players in the digital aerospace MRO market are IBM Corporation, IFS AB, Ramco Systems, Rusada, Boeing, Swiss Aviation Software AG, Lufthansa Technik, General Electric, Honeywell International, HCL Technologies Limited, Oracle Corporation, Traxxall Technologies, Ansys , Capgemini, Hexaware Technologies, Winair and Microsoft Corporation.

The Digital Aerospace MRO market comprises the sales of MRO services and software by entities (organizations, sole proprietorships, and partnerships) that provide digital aerospace MRO services and software suites for maintenance, repairs, and operational needs. Digital Aerospace MRO refers to the use of digital technologies such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), robots, augmented reality / virtual reality (AR / VR), digital twins and 3D printing to perform MRO operations.

The main technologies involved in digital aerospace MRO are predictive maintenance, AR or VR, 3D printing, artificial intelligence, internet of things, robotics and others. Predictive maintenance (PdM) is preventive maintenance that tracks the performance and condition of equipment when it is in use to reduce the risk of failure. It is used in inspection, performance monitoring, predictive analytics, parts replacement, mobility and functionality and is used in various industries such as OEMs, Airlines, MRO and others.

Technological advancement is an emerging trend that is gaining popularity in the digital aerospace MRO market. Artificial intelligence technology is increasingly used as the market for predictive maintenance, troubleshooting, and reviewing past errors grows. AI helps with optimization, maintenance and organization by reducing the need for routine maintenance, allowing airlines to increase their spending.

The increase in the number of in-flight passengers and the need for more aircraft with minimal downtime for maintenance are expected to propel the growth of the digital aerospace MRO market during the forecast period. Over the years, there has been an increase in global air traffic, which in turn has increased the need for more aircraft with minimum downtime.

Any establishment, workshop or hangar that performs and performs professional aircraft maintenance is called an MRO facility. Through the use of aviation ground support equipment, MRO facilities and experts help ensure the safe and reliable operation of airplanes.

Main topics covered:

1. Summary

2. Characteristics of the digital aerospace MRO market

3. Digital Aerospace MRO Market Trends and Strategies

4. Impact of COVID-19 on digital aerospace MRO

5. Size and Growth of the Digital Aerospace MRO Market

5.1. Historical Global MRO for Digital Aerospace Market, 2015-2020, in USD Billion

5.1.1. Market pilots

5.1.2. Market restrictions

5.2. Global Digital Aerospace MRO Forecast Market, 2020-2025F, 2030F, in USD Billion

5.2.1. Market pilots

5.2.2. Market restrictions

6. Digital aerospace MRO market segmentation

6.1. Global Digital Aerospace MRO Market, Segmentation by Technology, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion

  • Predictive maintenance

  • AR or VR

  • 3d printing

  • Artificial intelligence

  • Internet of things

  • Robotics

  • Others

6.2. Global Digital Aerospace MRO Market, Segmentation by Application, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion

  • Inspection

  • Performance monitoring

  • Predictive analytics

  • Part replacement

  • Mobility and functionality

6.3. Global Digital Aerospace MRO Market, Segmentation by End User, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion

  • OEM

  • Airlines companies

  • MRO

  • Others

7. Regional and Country Analysis of the Digital Aerospace MRO Market

7.1. Global digital aerospace MRO market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion

7.2. Global digital aerospace MRO market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars

Companies mentioned

  • IBM Company

  • IFS AB

  • Ramco Systems

  • Rusada

  • Boeing

  • Swiss Aviation Software SA

  • Lufthansa Technik

  • General Electric

  • Honeywell International

  • HCL Technologies Limited

  • Oracle Corporation

  • Traxxall Technologies

  • Ansys

  • Capgemini

  • Hexaware Technologies

  • Winair

  • Microsoft Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/qbhmcu

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