DUBLIN, Sept. 15, 2023 /PRNewswire/ — The “Aviation MRO Software Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The global aviation MRO (Maintenance, Repair, and Overhaul) software market is poised for significant growth, with revenues expected to rise from $6.28 billion in 2022 to $6.63 billion in 2023, driven by a compound annual growth rate (CAGR) of 5.6%. Over the forecast period, the aviation MRO software market is projected to continue expanding and reach $8.06 billion by 2027, at a CAGR of 4.9%.
Leading players in the aviation MRO software market include International Business Machines Corporation, 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 (Industrial and Financial Systems), Oracle Corporation, Swiss Aviation Software, The Boeing Company, and Ramco Systems.
Reasons to Purchase
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Aviation MRO Software Market Overview
Aviation MRO software encompasses specialized software solutions designed to manage and optimize the maintenance, repair, and overhaul operations of aircraft and aviation equipment. These software systems play a crucial role in ensuring the efficient and secure operation of aviation fleets, offering capabilities such as order management, inventory control, scheduling, and other essential services.
Key functionalities of aviation MRO software include maintenance management, operation management, business management, and other related services. Maintenance management involves the systematic upkeep of a company’s assets and resources, with a focus on cost and time efficiency. Aviation MRO software supports aircraft MRO activities, including inventory monitoring, vital and preventative maintenance, and repairs. These solutions can be deployed on-premises or in the cloud and fall under the categories of enterprise resource planning (ERP) and point solutions. The aviation MRO software market serves both commercial and military sectors.
Key Market Trends
Technological advancements are a prominent trend in the aviation MRO software market, with major companies in the industry investing in research and development to introduce innovative technologies and maintain their competitive edge.
Recent Acquisition
In [Month, Year], [Company Name], a US-based leader in the aviation MRO software market, completed the acquisition of [Acquired Company Name] for [Acquisition Amount]. This strategic move aimed to [Briefly explain the purpose and benefits of the acquisition, such as expanding product offerings, entering new markets, or enhancing technological capabilities].
Regional Insights
In 2022, North America emerged as the largest region in the aviation MRO software market, while Asia-Pacific is expected to experience the fastest growth in the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.
Rise in Air Passenger Traffic
The growth in air passenger traffic is anticipated to drive the expansion of the aviation MRO software market. Passenger air traffic refers to the increasing number of travelers using air transportation, measured through various indicators such as the number of passengers carried by airlines, flight frequencies, and revenue generated by the air travel sector. The surge in air passenger traffic necessitates enhanced security measures. Aviation MRO software plays a crucial role in streamlining maintenance processes, improving passenger safety, and ensuring compliance with regulations. As a result, the rising air passenger traffic is expected to boost the demand for aviation MRO software.
For instance, in February 2023, the International Air Transport Association (IATA) reported a 55.5% year-on-year increase in total traffic for February 2023, as measured by revenue passenger kilometers (RPKs). North American airlines recorded a remarkable 130.2% year-on-year growth in traffic in 2022 compared to 2021. These statistics underscore the growing significance of aviation MRO software in managing the maintenance and safety of aircraft in the face of increased air travel.
Key Topics Covered:
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
4.1. COVID-19 Impact On Aviation MRO Software Market
4.2. Ukraine-Russia War Impact On Aviation MRO Software Market
4.3. Impact Of High Inflation On Aviation MRO Software Market
5. Aviation MRO Software Market Size And Growth
5.1. Global Aviation MRO Software Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aviation MRO Software Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Aviation MRO Software Market Segmentation
6.1. Global Aviation MRO Software Market, Segmentation By Function, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Maintenance Management
- Operation Management
- Business Management
- Other Functions
6.2. Global Aviation MRO Software Market, Segmentation By Solutions, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Enterprise Resource Planning (ERP) Solutions
- Point Solutions
6.3. Global Aviation MRO Software Market, Segmentation By Deployment Modes, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On Premise
- Cloud
6.4. Global Aviation MRO Software Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Commercial
- Military
7. Aviation MRO Software Market Regional And Country Analysis
7.1. Global Aviation MRO Software Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Aviation MRO Software Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/c2p8l9
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