Aviation MRO Software Market Size
| 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 Market Trends
The MRO Segment Dominated the Market During the Forecast Period
The MRO segment dominated the market during the forecast period. MRO companies are the main users of MRO software compared to OEMs and airlines. MRO companies started incorporating software-based MRO techniques for serving customers quickly and efficiently. For instance, in November 2021, MRO Holdings, a major provider of airframe maintenance in the North and Central America region, awarded multi-year software as a service (SaaS) subscription contract to EmpowerMX. Also, the introduction of newer generation aircraft has raised new challenges in terms of support services management, which has stimulated the adoption of software by the MROs to enhance the quality of their offerings to the clients.
As the global aircraft fleet is increasing due to the increase in air traffic, more new MRO facilities are being built to provide services to the expanding air fleet, thus resulting in the market's growth. For instance, in January 2022, MHI RJ Aviation Group (MHIRJ) opened a new facility for MRO operations at Middle Georgia Regional Airport in Macon, Georgia, growing its footprint in North America. The MRO service provider completed Phase 1 of its expansion project at the West Virginia Service Center in October 2022. New MRO facilities construction and expansion of existing ones by the MRO providers, and expansion of their operations in new regions will result in the growth of the segment during the forecast period.
Asia-Pacific is Expected to Show the Highest Growth During the Forecast Period
The Asia-Pacific region is expected to showcase significant growth in the market during the forecast period. The presence of a large aircraft fleet is anticipated to drive the demand for the MRO software market in the region significantly. For instance, as of 2021, more than 7900 commercial aircraft were present in the Asia-Pacific region, indicating the high potential demand for MRO software in the region.
The average aircraft fleet in the region is also higher than most of the global market; hence, the demand for aircraft MRO is also higher. China and India are one of the fastest-growing markets for aviation in the Asia-Pacific region. Growing aircraft fleets and the presence of major aircraft maintenance and repair facilities in countries like China and Singapore, which are adopting the MRO software, are the main reasons for the high growth of aviation maintenance, repair, and overhaul software in the region.
Various airlines, MROs, and OEMs are carrying out various maintenance activities, especially for aircraft in the region. In November 2022, HCLTech signed a contract with SR Technics, an MRO service provider in the civil aviation industry to digitally transform SR Technics' operations. The HCLTech would implement a new greenfield S/4HANA environment hosted on Microsoft Azure using RISE with SAP and a cloud-based ERP platform that would allow SR Technics to transform and simplify its business operations and enables it to modernize the application stack and optimize IT operating costs. SR Technics would implement iMRO which is a smart and highly differentiated maintenance software solution. Hence, increasing aircraft deliveries, growing spending on aircraft MRO due to a large number of old aircraft, and the development of the next generation of MRO software is estimated to drive the market growth across the Asia-Pacific.
Aviation MRO Software Industry Overview
The market is moderately fragmented, with the presence of several players holding significant shares in the market. Rusada, Ramco Systems Ltd, IBM Corporation, HCL Technologies Ltd, and AerData BV are the leading market players.
Increasing spending on research and development and the introduction of advanced aircraft MRO software with next-generation technologies from key players is expected to drive the market growth. MRO companies are expanding their operations in various regions. As part of the expansion, some of them are collaborating with local MRO service providers. For instance, in November 2022, Sanad Aerotech signed an MoU with Indonesia's largest aircraft maintenance company GMF, to jointly establish a new state-of-the-art MRO center of excellence for aircraft engines in Indonesia.
Aviation MRO Software Market Leaders
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Ramco Systems Ltd
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IBM Corporation
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Rusada
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AerData BV
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HCL Technologies Ltd
*Disclaimer: Major Players sorted in no particular order
Aviation MRO Software Market News
- March 2023: The UK Royal Navy and Microsoft introduced advanced software, Motherlode, which processes aircraft maintenance data much faster, in some cases reducing months to minutes. It was developed by the Portsmouth-based 1710 Naval Air Squadron (NAS), a group of experts in aircraft overhaul, helicopter monitoring, and airborne-related scientific research. It helps in real-time data processing and advanced analytics to predict material functionality, optimize maintenance timelines, and bolster the Royal Navy's overall fleet availability.
- January 2023: Lufthansa Technik announced the development of a Digital Tech Ops Ecosystem by incorporating Swiss AviationSoftware (Swiss-AS) to lead the digital transformation of the aviation industry in technical asset operation. Lufthansa purchased 100% of Swiss-AS shares from Swiss International Air Lines.
Aviation MRO Software Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Deployment
5.1.1 Cloud-based
5.1.2 On-premises
5.2 End User
5.2.1 Airlines
5.2.2 MROs
5.2.3 OEMs
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Middle-East and Africa
5.3.5 Latin America
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 AerData B.V.
6.2.2 IBM Corporation
6.2.3 Ramco Systems Ltd.
6.2.4 Rusada
6.2.5 IBS Software Private Limited
6.2.6 HCL Technologies Limited
6.2.7 IFS Aktiebolag
6.2.8 Oracle Corporation
6.2.9 SAP SE
6.2.10 Swiss AviationSoftware Ltd. (Swiss-AS)
6.2.11 Communications Software (Airline Systems) Limited
6.2.12 Flatirons Solutions, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 MRO Software Market Research 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.
Which is the fastest growing region in Aviation Maintenance Repair and Overhaul (MRO) Software Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aviation Maintenance Repair and Overhaul (MRO) Software Market?
In 2024, the North America accounts for the largest market share in Aviation Maintenance Repair and Overhaul (MRO) Software Market.
What years does this Aviation Maintenance Repair and Overhaul (MRO) Software Market cover?
The report covers the Aviation Maintenance Repair and Overhaul (MRO) Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aviation Maintenance Repair and Overhaul (MRO) Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aviation MRO Software Industry Report
Statistics for the 2024 Aviation MRO Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aviation MRO Software analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
