Digital MRO Market

Digital MRO Market by Technology (Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, IOT), End-User (MROs, Airlines, OEMs), Application, Region - Global Forecast to 2030

Report Code: AS 7330 Oct, 2020, by marketsandmarkets.com

[198 Pages Report] The digital MRO market is projected to grow from USD 606 million in 2020 to USD 1,809 million by 2030, at a CAGR of 11.6% from 2020 to 2030. Some of the factors that are expected to fuel the growth of the digital MRO market include the increasing digitalization of MRO activities by commercial airlines and MROs and the rising demand for enhancing the repair and maintenance operations of existing aircraft fleet.

Digital MRO Market

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COVID-19 Impact on the Global Digital MRO Market

The digital MRO market includes major players such as Boeing (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect digital MRO services by 30–40% globally in 2020.

The rapid spread of COVID-19 in Europe, the US & Asia Pacific has led to a significant drop in demand for digital MRO globally, with a corresponding reduction in revenues for various digital MRO service providers across all markets owing to late delivery, manufacturing shutdown, and limited availability of equipment. As per industry experts, the global digital MRO demand is anticipated to recover by 2023 fully.

Digital MRO Market Dynamics

Driver: Increasing demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft

Airlines prefer using MRO services to increase the serviceable life of aircraft rather than investing in new aircraft. Earlier, MRO activities for aircraft were performed by airlines, which increased their operational cost and reduced overall efficiency. Software data analytics used in MRO software help airlines carry out operations in an efficient manner by reducing the turnaround time (TAT) of aircraft maintenance. This enables airlines to reduce maintenance costs and focus on fleet operations. Data analysis software is essential for MRO operators, as it enables them to maintain optimal inventory levels and order frequency. It also helps MRO operators manage their staffing requirements by gaining access to information regarding the number of aircraft arriving for servicing, thereby tackling issues regarding overstaffing and staff scarcity.

Connected aircraft are enabled with data connectivity provided by satellite communication and are expected to help in increasing the operational efficiency and enabling faster aircraft maintenance and repairs. They are connected to ground stations, where they share data regarding the health of aircraft system components and engines, as well as the real-time condition of the aircraft to different entities in the aviation ecosystem, such as airlines, OEMs, and MRO service providers. This data can be used for predictive maintenance scheduling. Prescriptive maintenance helps MRO service providers determine real-time conditions, evaluate information regarding a system before failure occurs, and analyze data related to MRO activities that need to be undertaken. MRO service providers use condition-based analysis to monitor the health of the aircraft and analyze data based on historical maintenance records.

Restraint: High cost of acquisition of integrated MRO software suits

Airlines and MROs are focused on increasing investments for the procurement of advanced aviation MRO software. However, a proper understanding of core MRO functionalities is required before making procurement decisions. The implementation of aviation MRO software requires feasibility research, which takes several months. Most of tier 2 and tier 3 MRO have limited budgets for implementing technologies, which act as a hurdle in the adoption of aviation MRO software. The MRO industry is capital intensive, with the majority of the funds allocated for the maintenance of critical infrastructure, operational maintenance, and hiring skilled human resources. In addition, software failure due to negligence can cause huge losses for MROs.

Opportunity: Increasing adoption of Internet of Things (IoT), Artificial Intelligence (AI), Blockchain, Augmented Reality (AR), and big data analytics by MROs

The digital MRO market is witnessing a significant transformation in data analysis, due to the increasing adoption of Internet of Things (IoT), artificial intelligence (AI), augmented reality (AR), blockchain, and big data analytics. The digitalization of aviation MRO software is leading to the development of digital solutions for ERP-based software. For instance, Lufthansa Technik developed a digitalized platform, wherein the company has integrated all possible stakeholders through integration software, IoT sensors, and other connected infrastructure.

AI is a broad term that includes predictive and prescriptive analytics, automated reporting and communication features, voice recognition, and deep learning. MRO service providers are focusing on digitalizing their software to enable them to learn things, facilitate intelligent memory use and task recognition, and improve scalability. MRO software powered by AI are used in health monitoring and aviation asset management applications. For instance, the MRO sector is using AI to improve response time and reduce costs arising due to human error, whereas engine OEMs are using smart engines to analyze data generated from sensors installed on them.

Challenge: Compliance with stringent aviation regulations

Aviation-specific regulations and other statutory requirements are formulated to maintain the safety of aircraft and passengers. Companies that deliver services on the cloud platform conduct business in a variety of MRO segments, including financial services, aircraft maintenance, fleet management, E-documentation, airworthiness certificates, and other related activities. The cost of compliance imposed by industry-specific laws, regulations, and interpretive positions may limit the adoption of MRO solutions and services.

The European Aviation Safety Agency (EASA) has developed stringent regulations for MRO activities. These regulations are based on initial airworthiness, additional airworthiness specifications, continuing airworthiness, aircrew, air operations, third country operators (TCO), air traffic controllers (ATCO), airspace usage requirements (AUR), Standardized European Rules of the Air (SERA), aerodromes (ADR), safety key performance indicators (SKPI), standardization inspections, board of appeal, fees & charges, and fines & penalties.

For instance, compliance with regulations formulated by the Continuing Airworthiness Management Organizations (CAMO) requires service providers to devote resources to support the safety of the aircraft, which may increase costs and lengthen sales cycles. If organizations are unable to comply with guidelines, or if end users are unable to obtain regulatory approvals to use services wherever required, the overall business may suffer. CAMO inspection guidelines are monitored by the EASA to safeguard industry-specific regulations and other statutory requirements. It is mandatory that developers of MRO software follow the guidelines formulated by different regional and country-wise regulatory authorities. For instance, regional aviation authorities, such as FAA and DCGA, have imposed guidelines on the use of cloud computing services. Such regulations require MROs to obtain regulatory approvals before outsourcing their services.

Digital MRO Market Ecosystem

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Based on end user, the MROs segment of the market is projected to grow at the highest CAGR from 2020 to 2030.

Based on end user, the MROs segment is projected to grow at the highest CAGR from 2019 to 2030. MROs must fulfill all the regulatory requirements while reducing the timeline and cost of aircraft maintenance. This is enhancing the demand for software solutions to smoothen the operational efficacy. Large MROs are investing in new technologies such as AI, blockchain, and digital twin to reduce maintenance costs and aircraft downtime. This, in turn, is projected to drive the MROs segment in the digital MRO market.

Based on technology, the artificial intelligence segment is projected to grow at the highest CAGR from 2020 to 2030.

Based on technology, the artificial intelligence segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for predictive maintenance, part failure analysis, and troubleshooting. IBM has been developing AI-based software for increasing agility in the workflow.

The digital MRO market in North America is projected to grow at the highest CAGR from 2020 to 2030.

The North America digital MRO market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to increasing aircraft deliveries in the region. Many large and medium MROs and airlines are present in this region. Also, an increase in the MRO services and digital transformation of MROs is expected to drive the demand for digital MRO in the region.

Digital MRO Market by Region

The global digital MRO market is dominated by a few globally established players such as Boeing (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM Corporation (US).

Scope Of The Report

Report Metric

Details

Market size available for years

2016–2030

Base year considered

2019

Forecast period

2020-2030

Forecast units

Value (USD Million)

Segments covered

By End User, By Technology, By Application

Geographies covered

North America, Europe, Asia Pacific, and Rest of the World

Companies covered

IBM Corporation (US), IFS (Sweden), Ramco Systems (India), Rusada (Switzerland). SAP (Germany), Swiss AviationSoftware (Switzerland), Lufthansa Technik (Germany), General Electric (US), and Honeywell International (US). and others. Total 25 Market Players

The study categorizes the digital MRO market based on End User, Technology, Application, and region.

By End User

  • OEMs
  • Airlines
  • MROs

By Technology

  • Predictive Maintenance
  • AR/VR
  • 3D Printing
  • Blockchain
  • Artificial Intelligence
  • Robotics
  • Big Data Analytics
  • Digital Twin
  • Internet of Things (IoT)

By Application

  • Inspection
  • Performance Monitoring
  • Predictive Analysis
  • Part Replacement
  • Mobility & Functionality

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In July 2020, GE Digital unveiled the latest updates on its industry-leading digital plant software portfolio: Proficy Plant Applications, Proficy Operations Hub, Proficy Historian, and Proficy CSense. The updated version of GE Digital’s Plant Operations Software enables continuous improvement and lean for the aviation sector.
  • In June 2019, Capgemini and Airbus signed an agreement to develop and propose the Skywise platform’s data services to airlines.
  • In November 2018, Honeywell International signed an agreement with Hainan Airlines for Honeywell’s GoDirect Connected Maintenance service.
  • In June 2019, IFS received a contract from Revima to drive Revima’s international expansion and support its complex maintenance operations.
  • In April 2019, JetBlue Airways signed a contract with Lufthansa Technik for its new engineering consulting service Maintwise.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 REGIONAL SCOPE
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
        TABLE 1 USD EXCHANGE RATES
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
        FIGURE 1 RESEARCH PROCESS FLOW
        FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                            FIGURE 3 KEY PRIMARY INSIGHTS
           2.1.3 MARKET DEFINITION & SCOPE
                    2.1.3.1 Exclusions
    2.2 RESEARCH APPROACH & METHODOLOGY
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 7 ASSUMPTIONS FOR THE RESEARCH STUDY ON THE DIGITAL MRO MARKET
    2.5 RISK ANALYSIS

3 EXECUTIVE SUMMARY (Page No. - 42)
  FIGURE 8 MRO END USER SEGMENT PROJECTED TO LEAD DIGITAL MRO MARKET FROM 2020 TO 2030
  FIGURE 9 PREDICTIVE MAINTENANCE PROJECTED TO DOMINATE DURING FORECAST PERIOD
  FIGURE 10 NORTH AMERICA PROJECTED TO HAVE HIGHEST CAGR IN DIGITAL MRO MARKET (2020-2030)

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES IN DIGITAL MRO MARKET
        FIGURE 11 INCREASE IN ADOPTION OF BLOCKCHAIN, BIG DATA, AND AI TO DRIVE THE GROWTH OF DIGITAL MRO MARKET FROM 2020 TO 2030
    4.2 ASIA PACIFIC DIGITAL MRO MARKET, BY END USER AND COUNTRY
        FIGURE 12 AIRLINES END USER ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC DIGITAL MRO MARKET IN 2020
    4.3 EUROPE DIGITAL MRO MARKET, BY APPLICATION
        FIGURE 13 MOBILITY & FUNCTIONALITY SEGMENT OF EUROPEAN DIGITAL MRO MARKET PROJECTED TO GROW FASTEST FROM 2020 TO 2030
    4.4 DIGITAL MRO MARKET, BY COUNTRY
        FIGURE 14 DIGITAL MRO MARKET IN INDIA EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION
        FIGURE 15 TOTAL MRO SPEND, BY REGION/COUNTRY, USD BILLION
    5.2 MARKET DYNAMICS
        FIGURE 16 DIGITAL MRO MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft
                            FIGURE 17 ACTIVE CONNECTED AIRCRAFT FLEET SHARE, BY REGION, 2019
                    5.2.1.2 Growing adoption of software-as-a-service (SaaS)
                    5.2.1.3 Rising need for replacing legacy aviation management information systems
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of acquisition of 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), blockchain, augmented reality (AR), and big data analytics by MROs
                    5.2.3.2 Growing demand for 3D-printed parts and robotic inspection
           5.2.4 CHALLENGES
                    5.2.4.1 Compliance with stringent aviation regulations
                    5.2.4.2 Increasing cybersecurity concerns
                    5.2.4.3 COVID-19 Impact: Reduced global demand for maintenance, repair, and overhaul (MRO)
                            FIGURE 18 IN-SERVICE FLEET SIZE IN THOUSANDS, 2018-2022
    5.3 AVERAGE SELLING PRICE TREND, USD
        FIGURE 19 AVERAGE SELLING PRICE TREND, USD THOUSAND (2018–2020)
    5.4 VALUE CHAIN ANALYSIS
        FIGURE 20 VALUE CHAIN ANALYSIS
           5.4.1 DESIGN & ENGINEERING
           5.4.2 TECHNOLOGY DEVELOPMENT
           5.4.3 MAINTENANCE & SUPPORT
           5.4.4 SIMULATION & TRAINING
    5.5 ECOSYSTEM/MARKET MAP
    5.6 CASE STUDIES
           5.6.1 WEARABLES
                    5.6.1.1 KLM Engineering & Maintenance and Royal Netherlands Aerospace Centre (NLR) have created a joint venture called NUVEON for developing AR/VR based solutions
           5.6.2 ROBOTICS
                    5.6.2.1 Air New Zealand has teamed up with MRO provider ST Engineering for trial testing of DroScan, a drone-based aircraft inspection solution
           5.6.3 DIGITAL TWIN
                    5.6.3.1 GE Aviation is producing a digital twin for each engine being manufactured
           5.6.4 3D PRINTING
                    5.6.4.1 EOS has tied up with Etihad Airways Engineering for MRO
                    5.6.4.2 Royal Netherlands Air Force to 3D print tools that fit into the custom-made parts of aircraft
           5.6.5 PREDICTIVE ANALYSIS
                    5.6.5.1 Delta Ops enters into a contract with Airbus for predictive maintenance technology
                    5.6.5.2 Thai Airways partnered with Airbus for developing robotics for predictive MRO
    5.7 DIGITAL MRO MARKET SCENARIOS (2016–2030)
           5.7.1 REALISTIC
                 FIGURE 21 REALISTIC SCENARIO: IMPACT OF COVID-19 ON DIGITAL MRO MARKET, BY APPLICATION
           5.7.2 PESSIMISTIC
                 FIGURE 22 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON DIGITAL MRO MARKET, BY APPLICATION
           5.7.3 OPTIMISTIC
                 FIGURE 23 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON DIGITAL MRO MARKET, BY APPLICATION

6 INDUSTRY TRENDS (Page No. - 58)
    6.1 INTRODUCTION
    6.2 TECHNOLOGICAL ADVANCEMENTS IN THE AVIATION INDUSTRY
           6.2.1 AVIATION CLOUD
           6.2.2 INTERNET OF THINGS (IOT)
           6.2.3 PRESCRIPTIVE MAINTENANCE
           6.2.4 AUGMENTED REALITY
           6.2.5 BLOCKCHAIN APPLICATION IN MRO
    6.3 TRANSFORMATION OF AVIATION INDUSTRY THROUGH DATA SCIENCE REVOLUTION
           6.3.1 OPTIMIZATION OF 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
           6.5.2 AVIATION CLOUD TECHNOLOGY
           6.5.3 ADVANCED ANALYTICS AND DIGITAL TRANSFORMATION
           6.5.4 DATA ROUTING
           6.5.5 ARTIFICIAL INTELLIGENCE
           6.5.6 INTERNET OF THINGS
    6.6 PARAMETERS FOR THE SELECTION OF AN MRO SOFTWARE
    6.7 INNOVATIONS AND PATENT REGISTRATIONS
        TABLE 2 INNOVATIONS & PATENT REGISTRATIONS, 2017–2019
    6.8 IMPACT OF MEGA TREND – AVIATION CLOUD

7 DIGITAL MRO MARKET, BY TECHNOLOGY (Page No. - 64)
    7.1 INTRODUCTION
        FIGURE 24 PREDICTIVE MAINTENANCE SEGMENT PROJECTED TO DOMINATE DIGITAL MRO MARKET DURING FORECAST PERIOD
        TABLE 3 DIGITAL MRO MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)
        TABLE 4 DIGITAL MRO MARKET, BY TECHNOLOGY, 2020–2030 (USD MILLION)
    7.2 PREDICTIVE MAINTENANCE
           7.2.1 PREDICTIVE ANALYSIS REDUCES DOWNTIME AND INCREASES OPERATIONAL EFFICIENCY FOR AIRLINES
    7.3 AR/VR
        TABLE 5 AR/VR IN DIGITAL MRO MARKET, BY FUNCTION, 2016–2019 (USD MILLION)
        TABLE 6 AR/VR IN DIGITAL MRO MARKET, BY FUNCTION, 2020–2030 (USD MILLION)
           7.3.1 TRAINING
                    7.3.1.1 Reduced human error drives demand for AR VR training of engineers
                            TABLE 7 USE CASE: ENGINEERS
           7.3.2 OPERATIONS
                 TABLE 8 AR/VR OPERATIONS IN DIGITAL MRO MARKET, BY END USER, 2016–2019 (USD MILLION)
                 TABLE 9 AR/VR OPERATIONS IN DIGITAL MRO MARKET, BY END USER, 2020–2030 (USD MILLION)
                    7.3.2.1 MRO
                               7.3.2.1.1 Quick MRO turnaround time drives use of AR VR technology
                                         TABLE 10 USE CASE: MRO
                    7.3.2.2 Airlines
                               7.3.2.2.1 Need to reduce airline operating costs drives demand for AR VR
                                         TABLE 11 USE CASE: AIRLINES
                    7.3.2.3 OEMs
                               7.3.2.3.1 Optimizing aviation manufacturing and design made possible with AR VR
                                         TABLE 12 USE CASE: OEMS
    7.4 3D PRINTING
           7.4.1 3D PRINTING IN MRO IS EXPECTED TO HELP REDUCE THE TIME REQUIRED TO SOURCE PARTS DURING MAINTENANCE
    7.5 BLOCKCHAIN
           7.5.1 BLOCKCHAIN IS USEFUL IN THE COMPLEX SUPPLY CHAIN OF MROS, WHEREIN FAILURE, THE RISK OF CYBERATTACKS, AND HIGH COST ARE INVOLVED
    7.6 ARTIFICIAL INTELLIGENCE
           7.6.1 ARTIFICIAL INTELLIGENCE IS HELPFUL IN PREDICTIVE MAINTENANCE AND TURNING AN UNSCHEDULED MAINTENANCE INTO A SCHEDULED MAINTENANCE BY PREDICTING FAILURES
    7.7 ROBOTICS
           7.7.1 ROBOTS ARE INCREASINGLY BEING USED BY MROS FOR MULTIPLE APPLICATIONS, SUCH AS REPAIRS AND INSPECTIONS
           7.7.2 DRONES
           7.7.3 ROBOTS
    7.8 BIG DATA ANALYTICS
           7.8.1 MROS HAVE NOT TAKEN ADVANTAGE OF BIG DATA FOR MAINTENANCE MANAGEMENT TO HELP REAP BENEFITS, SUCH AS FASTER TURNAROUND TIMES, INCREASED AIRCRAFT AVAILABILITY, COST SAVINGS, AND FEWER MAINTENANCE DELAYS
    7.9 DIGITAL TWIN
           7.9.1 GE UTILIZES ITS DIGITAL TWIN TECHNOLOGY FOR CONTINUOUSLY MONITORING AIRCRAFT ENGINES PRODUCED TILL DATE FOR PERFORMANCE MONITORING USING ITS IOT SENSORS
    7.10 INTERNET OF THINGS
           7.10.1 INTERNET OF THINGS IS EXPECTED TO HELP REDUCE UNSCHEDULED MAINTENANCE, AS ALL CONNECTED DEVICES CONTINUOUSLY FEED DATA INTO A CENTRALIZED SYSTEM

8 DIGITAL MRO MARKET, BY APPLICATION (Page No. - 73)
    8.1 INTRODUCTION
        FIGURE 25 PERFORMANCE MONITORING PROJECTED TO LEAD DIGITAL MRO MARKET DURING FORECAST PERIOD
        TABLE 13 DIGITAL MRO MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        TABLE 14 DIGITAL MRO MARKET, BY APPLICATION, 2020–2030 (USD MILLION)
    8.2 INSPECTION
           8.2.1 ADVANCEMENTS IN THE ROBOTICS TECHNOLOGY ARE EXPECTED TO LEAD TO AN INCREASE IN THE DEMAND FOR ROBOT-BASED INSPECTION
    8.3 PERFORMANCE MONITORING
           8.3.1 IOT SENSORS PROVIDE REAL-TIME INFORMATION ABOUT AIRCRAFT ENGINE COMPONENTS, WHICH HELPS IN THE IMPROVEMENT OF ENGINES, AND PREDICTIVE ANALYSIS
    8.4 PREDICTIVE ANALYSIS
           8.4.1 INCREASING NEXT-GENERATION AIRCRAFT FLEET IS EXPECTED TO DRIVE THE DEMAND FOR PREDICTIVE ANALYTICS
    8.5 PART REPLACEMENT
           8.5.1 INCREASING DEMAND FOR 3D PRINTED PARTS IS EXPECTED TO DRIVE THE DEMAND FOR PART REPLACEMENT
    8.6 MOBILITY & FUNCTIONALITY
           8.6.1 MOBILITY & FUNCTIONALITY INCLUDES ADVANCED SOFTWARE WHICH IS USED TO INTEGRATE DATA AND CONNECT WITH OTHER PARTIES

9 DIGITAL MRO MARKET, BY END USER (Page No. - 77)
    9.1 INTRODUCTION
    9.2 COVID-19 IMPACT ON END USER SEGMENTS OF DIGITAL MRO MARKET
           9.2.1 MOST IMPACTED END USER SEGMENT
           9.2.2 LEAST IMPACTED END USER SEGMENT
                 FIGURE 26 AIRLINES PROJECTED TO LEAD DIGITAL MRO MARKET DURING FORECAST PERIOD
                 TABLE 15 DIGITAL MRO MARKET, BY END USER, 2016–2019 (USD MILLION)
                 TABLE 16 DIGITAL MRO MARKET, BY END USER, 2020–2030 (USD MILLION)
    9.3 AIRLINES
        TABLE 17 DIGITAL MRO MARKET, BY AIRLINE TYPE, 2016–2019 (USD MILLION)
        TABLE 18 DIGITAL MRO MARKET, BY AIRLINE BY AIRLINE TYPE, 2020–2030 (USD MILLION)
           9.3.1 SMALL AIRLINES
                    9.3.1.1 Small airlines outsource most of their aircraft MRO operations to save costs on capital investment and human resources
           9.3.2 MEDIUM AIRLINES
                    9.3.2.1 Medium airlines have dedicated MRO hangars and use sophisticated software to undertake core operations
           9.3.3 LARGE AIRLINES
                    9.3.3.1 Most large airlines completely digitalize activities by sharing real-time data with OEMs and third-party MROs
    9.4 MRO
        TABLE 19 DIGITAL MRO MARKET, BY MRO TYPE, 2016–2019 (USD MILLION)
        TABLE 20 DIGITAL MRO MARKET, BY MROS, 2020–2030 (USD MILLION)
           9.4.1 SMALL MRO
                    9.4.1.1 Limited budgets have restrained the adoption of digital MRO by small MRO service providers, as most of their capital investment is required for other core functions
           9.4.2 MEDIUM MRO
                    9.4.2.1 Most medium MRO service providers are in a transitory stage; they are focused on enhancing their IT capabilities by shifting from the ERP module to the digitalization of the entire ecosystem
           9.4.3 LARGE MRO
                    9.4.3.1 Large MRO service providers are focused on the acquisition of health monitoring software, asset management software, and resource planning software to enhance operational efficiency
    9.5 OEM
        TABLE 21 DIGITAL MRO MARKET, BY OEM TYPE, 2016–2019 (USD MILLION)
        TABLE 22 DIGITAL MRO MARKET, BY OEM TYPE, 2020–2030 (USD MILLION)
           9.5.1 AIRCRAFT OEM
                    9.5.1.1 Aircraft manufacturers use advanced software suites to facilitate real-time data sharing with airlines and MROs
           9.5.2 ENGINE OEM
                    9.5.2.1 Engine manufacturers and system manufacturers share data generated from sensors installed on different systems in aircraft

10 REGIONAL ANALYSIS (Page No. - 84)
     10.1 INTRODUCTION
     10.2 COVID-19 IMPACT ON DIGITAL MRO MARKET, BY REGION
          FIGURE 27 PROJECTED REGIONAL DECREASE IN MRO SPEND, BY REGION, 2021
          FIGURE 28 IMPACT OF COVID-19 ON DIGITAL MRO MARKET
          FIGURE 29 DIGITAL MRO MARKET: REGIONAL SNAPSHOT
          TABLE 23 DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
          TABLE 24 DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
          TABLE 25 DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
          TABLE 26 DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
          TABLE 27 DIGITAL MRO MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 28 DIGITAL MRO MARKET SIZE, BY APPLICATION, 2020–2030 (USD MILLION)
          TABLE 29 DIGITAL MRO MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
          TABLE 30 DIGITAL MRO MARKET SIZE, BY REGION, 2020–2030 (USD MILLION)
     10.3 NORTH AMERICA
             10.3.1 COVID-19 RESTRICTIONS IN NORTH AMERICA
             10.3.2 NORTH AMERICA: DIGITAL MRO AVERAGE SELLING PRICE TREND
                    FIGURE 30 NORTH AMERICA: DIGITAL MRO AVERAGE SELLING PRICE TREND
             10.3.3 PESTLE ANALYSIS: NORTH AMERICA
                    FIGURE 31 NORTH AMERICA DIGITAL MRO MARKET SNAPSHOT
                    TABLE 31 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 32 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                    TABLE 33 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                    TABLE 34 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
                    TABLE 35 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 36 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2020–2030 (USD MILLION)
                    TABLE 37 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 38 NORTH AMERICA: DIGITAL MRO MARKET SIZE, BY COUNTRY, 2020–2030 (USD MILLION)
             10.3.4 US
                        10.3.4.1 Increasing procurement and upgradation of existing aircraft has led to the modernization of aircraft fleet
                                 TABLE 39 US: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 40 US: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 41 US: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 42 US: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.3.5 CANADA
                        10.3.5.1 Modernization plans to enhance narrow-body aircraft fleet is expected to drive the market for digital MRO in Canada
                                 TABLE 43 CANADA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 44 CANADA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 45 CANADA: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 46 CANADA: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
     10.4 EUROPE
             10.4.1 COVID-19 RESTRICTIONS IN EUROPE
             10.4.2 EUROPE: DIGITAL MRO AVERAGE SELLING PRICE TREND
                    FIGURE 32 EUROPE: DIGITAL MRO AVERAGE SELLING PRICE TREND
             10.4.3 PESTLE ANALYSIS: EUROPE
                    FIGURE 33 EUROPE DIGITAL MRO MARKET SNAPSHOT
                    TABLE 47 EUROPE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 48 EUROPE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                    TABLE 49 EUROPE: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                    TABLE 50 EUROPE: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
                    TABLE 51 EUROPE: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 52 EUROPE: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2020–2030 (USD MILLION)
                    TABLE 53 EUROPE: DIGITAL MRO MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 54 EUROPE: DIGITAL MRO MARKET SIZE, BY COUNTRY, 2020–2030 (USD MILLION)
             10.4.4 GERMANY
                        10.4.4.1 Presence of OEM facilities for aircraft maintenance and focus on digitalization of entire IT infrastructure is expected to drive digital MRO market in Germany
                                 TABLE 55 GERMANY: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 56 GERMANY: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 57 GERMANY: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 58 GERMANY: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.4.5 UK
                        10.4.5.1 Presence of major aircraft OEM subsidiaries is contributing to the demand for MRO services in the UK
                                 TABLE 59 UK: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 60 UK: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 61 UK: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 62 UK: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.4.6 FRANCE
                        10.4.6.1 Presence of major aircraft OEMs, such as Airbus, is projected to drive the growth of the digital MRO market in France
                                 TABLE 63 FRANCE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 64 FRANCE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 65 FRANCE: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 66 FRANCE: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.4.7 SPAIN
                        10.4.7.1 High demand for digital MRO from small airlines and OEM facilities to carry out retrofitting of aircraft is expected to drive the market in Spain
                                 TABLE 67 SPAIN: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 68 SPAIN: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 69 SPAIN: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 70 SPAIN: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.4.8 SWEDEN
                        10.4.8.1 Increase in fleet size of leading airlines is expected to drive the demand for MRO services in Sweden
                                 TABLE 71 SWEDEN: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 72 SWEDEN: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 73 SWEDEN: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 74 SWEDEN: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.4.9 RUSSIA
                        10.4.9.1 Need to upgrade existing aircraft components and procurement of new aircraft is contributing to the growth of the digital MRO market in Russia
                                 TABLE 75 RUSSIA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 76 RUSSIA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 77 RUSSIA: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 78 RUSSIA: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.4.10 NETHERLANDS
                        10.4.10.1 Need for digitalization of MRO services and expansion of medium MROs and airlines is driving the demand for advanced aviation software
                                 TABLE 79 NETHERLANDS: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 80 NETHERLANDS: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 81 NETHERLANDS: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 82 NETHERLANDS: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.4.11 REST OF EUROPE
                     TABLE 83 REST OF EUROPE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                     TABLE 84 REST OF EUROPE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                     TABLE 85 REST OF EUROPE: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                     TABLE 86 REST OF EUROPE: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
     10.5 ASIA PACIFIC
             10.5.1 ASIA PACIFIC COVID-19 RESTRICTIONS
             10.5.2 ASIA PACIFIC: DIGITAL MRO AVERAGE SELLING PRICE TREND
                    FIGURE 34 ASIA PACIFIC: DIGITAL MRO AVERAGE SELLING PRICE TREND
             10.5.3 PESTLE ANALYSIS: ASIA PACIFIC
                    FIGURE 35 ASIA PACIFIC DIGITAL MRO MARKET SNAPSHOT
                    TABLE 87 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 88 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                    TABLE 89 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                    TABLE 90 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
                    TABLE 91 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 92 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2020–2030 (USD MILLION)
                    TABLE 93 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 94 ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY COUNTRY, 2020–2030 (USD MILLION)
             10.5.4 CHINA
                        10.5.4.1 Expected high demand for narrow-body aircraft and wide-body aircraft post COVID-19 pandemic is projected to contribute to the growth of digital MRO in China
                                 TABLE 95 CHINA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 96 CHINA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 97 CHINA: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 98 CHINA: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.5.5 JAPAN
                        10.5.5.1 Increasing aircraft deliveries and the need to upgrade existing aircraft systems are driving Japan’s digital MRO market
                                 TABLE 99 JAPAN: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 100 JAPAN: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 101 JAPAN: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 102 JAPAN: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.5.6 INDIA
                        10.5.6.1 High demand for MRO services from airlines to drive digital MRO market in India
                                 TABLE 103 INDIA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 104 INDIA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 105 INDIA: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 106 INDIA: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.5.7 SINGAPORE
                        10.5.7.1 Increasing adoption of MRO services in the country is expected to drive the market for digital MRO in Singapore
                                 TABLE 107 SINGAPORE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 108 SINGAPORE: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 109 SINGAPORE: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 110 SINGAPORE: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.5.8 REST OF ASIA PACIFIC
                    TABLE 111 REST OF ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 112 REST OF ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                    TABLE 113 REST OF ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                    TABLE 114 REST OF ASIA PACIFIC: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
     10.6 REST OF THE WORLD (ROW)
             10.6.1 ROW COVID-19 RESTRICTIONS
             10.6.2 ROW: DIGITAL MRO AVERAGE SELLING PRICE TREND
                    FIGURE 36 ROW: DIGITAL MRO AVERAGE SELLING PRICE TREND
             10.6.3 PESTLE ANALYSIS: ROW
                    TABLE 115 ROW: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 116 ROW: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                    TABLE 117 ROW: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                    TABLE 118 ROW: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
                    TABLE 119 ROW: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 120 ROW: DIGITAL MRO MARKET SIZE, BY APPLICATION, 2020–2030 (USD MILLION)
                    TABLE 121 ROW: DIGITAL MRO MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 122 ROW: DIGITAL MRO MARKET SIZE, BY REGION, 2020–2030 (USD MILLION)
             10.6.4 LATIN AMERICA
                        10.6.4.1 Expansion of the airline industry in Latin America presents growth opportunities to developers of digital MRO
                                 TABLE 123 LATIN AMERICA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 124 LATIN AMERICA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 125 LATIN AMERICA: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 126 LATIN AMERICA: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.6.5 MIDDLE EAST
                        10.6.5.1 Increased investments in airspace infrastructure, high demand for MRO services, and successful implementation of the low-cost carrier business model are driving the market for digital MRO in the Middle East
                                 TABLE 127 MIDDLE EAST: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 128 MIDDLE EAST: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 129 MIDDLE EAST: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 130 MIDDLE EAST: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)
             10.6.6 AFRICA
                        10.6.6.1 Increase in demand for part replacement MRO services is expected to drive the market for digital MRO in Africa
                                 TABLE 131 AFRICA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 132 AFRICA: DIGITAL MRO MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
                                 TABLE 133 AFRICA: DIGITAL MRO MARKET SIZE, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 134 AFRICA: DIGITAL MRO MARKET SIZE, BY END USER, 2020–2030 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 139)
     11.1 INTRODUCTION
             11.1.1 MARKET EVALUATION FRAMEWORK
                    FIGURE 37 KEY DEVELOPMENTS ADOPTED BY LEADING PLAYERS IN DIGITAL MRO MARKET BETWEEN 2015 AND 2020
     11.2 COMPETITIVE LEADERSHIP MAPPING
             11.2.1 STAR
             11.2.2 EMERGING LEADER
             11.2.3 PERVASIVE
             11.2.4 PARTICIPANT
                    FIGURE 38 COMPETITIVE LEADERSHIP MAPPING, 2019
     11.3 COMPETITIVE LEADERSHIP MAPPING OF START-UPS
             11.3.1 PROGRESSIVE COMPANIES
             11.3.2 RESPONSIVE COMPANIES
             11.3.3 STARTING BLOCKS
             11.3.4 DYNAMIC COMPANIES
                    FIGURE 39 COMPETITIVE LEADERSHIP MAPPING OF START-UPS, 2019
     11.4 MARKET SHARE OF KEY PLAYERS, 2020
          FIGURE 40 MARKET SHARE ANALYSIS OF TOP PLAYERS IN DIGITAL MRO MARKET, 2020
     11.5 RANKING AND REVENUE ANALYSIS OF KEY PLAYERS, 2020
          FIGURE 41 MARKET RANKING OF TOP PLAYERS IN DIGITAL MRO MARKET, 2020
          FIGURE 42 REVENUE ANALYSIS OF DIGITAL MRO MARKET PLAYERS
     11.6 COMPETITIVE SCENARIO
             11.6.1 NEW PRODUCT LAUNCHES
                    TABLE 135 NEW PRODUCT LAUNCHES, 2018
             11.6.2 AGREEMENTS, PARTNERSHIPS, ACQUISITIONS, AND COLLABORATIONS
                    TABLE 136 AGREEMENTS, PARTNERSHIPS, ACQUISITIONS, AND COLLABORATIONS, 2015–2019
             11.6.3 CONTRACTS
                    TABLE 137 CONTRACTS, 2017–2019

12 COMPANY PROFILES (Page No. - 151)
     12.1 INTRODUCTION
(Business Overview, products & solutions offered, Recent Developments, MnM View, products & solutions offered, Strategic Choices, Weaknesses and Competitive Threats)*
     12.2 ANSYS
          FIGURE 43 ANSYS: COMPANY SNAPSHOT
     12.3 BOEING
          FIGURE 44 BOEING: COMPANY SNAPSHOT
     12.4 CAPGEMINI
          FIGURE 45 CAPGEMINI: COMPANY SNAPSHOT
     12.5 SAP
          FIGURE 46 SAP: COMPANY SNAPSHOT
     12.6 GENERAL ELECTRIC (GE)
          FIGURE 47 GENERAL ELECTRIC: COMPANY SNAPSHOT
     12.7 HEXAWARE
          FIGURE 48 HEXAWARE: COMPANY SNAPSHOT
     12.8 HONEYWELL
          FIGURE 49 HONEYWELL: COMPANY SNAPSHOT
     12.9 IFS
          FIGURE 50 IFS: COMPANY SNAPSHOT
     12.10 INTERNATIONAL BUSINESS MACHINES (IBM)
           FIGURE 51 IBM: COMPANY SNAPSHOT
     12.11 LUFTHANSA TECHNIK
           FIGURE 52 LUFTHANSA TECHNIK: COMPANY SNAPSHOT
     12.12 RAMCO SYSTEMS
           FIGURE 53 RAMCO SYSTEMS: COMPANY SNAPSHOT
     12.13 RUSADA
     12.14 SWISS AVIATIONSOFTWARE
     12.15 WINAIR
     12.16 PTC INC
           FIGURE 54 PTC INC: COMPANY SNAPSHOT
     12.17 TRAXXALL
     12.18 EON REALITY
     12.19 AERO GLASS
     12.20 SITA
     12.21 ATHEER AIR
     12.22 STARTUP/SME PROFILES
             12.22.1 JASOREN
             12.22.2 FUTURE VISUAL
             12.22.3 FOUNTX
             12.22.4 MAGIC LEAP
             12.22.5 OCULUS VR

*Details on Business Overview, products & solutions offered, Recent Developments, MnM View, products & solutions offered, Strategic Choices, Weaknesses and Competitive Threats might not be captured in case of unlisted companies.

13 DIGITAL MRO ADJACENT MARKETS (Page No. - 187)
     13.1 INTRODUCTION
     13.2 MRO SOFTWARE MARKET
             13.2.1 MARKET DEFINITION
             13.2.2 DIGITAL MRO MARKET, BY SOLUTION
                    FIGURE 55 SOFTWARE SEGMENT EXPECTED TO LEAD MRO SOFTWARE MARKET IN AVIATION DURING FORECAST PERIOD
                    TABLE 138 MRO SOFTWARE MARKET IN AVIATION, BY SOLUTION, 2018–2025 (USD MILLION)
             13.2.3 SOFTWARE
                    TABLE 139 MRO SOFTWARE MARKET IN AVIATION, BY SOFTWARE TYPE, 2018–2025 (USD MILLION)
                        13.2.3.1 Enterprise resource planning (ERP) solution
                                     13.2.3.1.1 New ERP solutions enable higher mobility of data and allow employees to access ERP applications from their home computers or smartphones
                        13.2.3.2 Point solution
                                     13.2.3.2.1 Point solutions are designed to solve specific MRO-related problems in the aviation industry
                        13.2.3.3 Suite
                                     13.2.3.3.1 Suite helps in demand-driven inventory planning for materials requirement, as well as enhanced maintenance and service planning and execution for complex assets
             13.2.4 SERVICES
                    TABLE 140 MRO SOFTWARE MARKET IN AVIATION FOR SERVICES, BY APPLICATION, 2018–2025 (USD MILLION)
                        13.2.4.1 Deployment & integration
                                     13.2.4.1.1 Deployment & integration services include infrastructure assessment and planning services, interface design and development, upgrade assistance, and ongoing IT support
                        13.2.4.2 Consulting
                                     13.2.4.2.1 Consulting services providers offer methods to overcome lack of technical expertise to deploy and manage data in organizations
                        13.2.4.3 Support, maintenance & upgradation
                                     13.2.4.3.1 Support, maintenance & upgradation services help improve operations and gain control over existing systems

14 APPENDIX (Page No. - 192)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS™ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved various activities in estimating the market size for Digital MRO. Exhaustive secondary research was undertaken to collect information on the digital MRO market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both demand- and supply-side analyses were carried out to estimate the overall size of the market. Thereafter, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the digital MRO market.

Secondary Research

In the secondary research process, various secondary sources, such as annual reports, European Aviation Safety Agency, United Nations Conference on Trade and Development (UNCTAD), press releases & investor presentations of companies, certified publications, and articles by recognized authors were referred to for identifying and collecting information on the digital MRO market.

Primary Research

The digital MRO market comprises several stakeholders such as aircraft MROs, airlines & aircraft operators, aircraft manufacturers, lessors, aircraft engine manufacturers, regulatory bodies, research institutes and organizations, wholesalers, retailers, and distributors of MRO software and services in its supply chain. The supply side is characterized by technological advancements taking place in the field of digital MRO such as the robotics, predictive maintenance, AR/VR, 3D printing, blockchain, artificial intelligence, robotics, big data analytics, digital twin, and Internet of Things (IoT). The following is the breakdown of the primary respondents that were interviewed to obtain qualitative and quantitative information about the digital MRO market.

Digital MRO Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the digital MRO market size. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following steps:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Research Approach

Both top-down and bottom-up approaches were used to estimate and validate the total size of the digital MRO market. These methods were also used extensively to estimate the size of various segments and subsegment of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Digital MRO Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall size of the digital MRO market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the digital MRO market.

Objectives of the Report

  • To define, describe, segment, and forecast the size of the digital MRO market based on technology, application, end user, and region
  • To understand the structure of the market by identifying its various segments and subsegments
  • To forecast the size of various segments of the market with respect to four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World, along with the major countries in each of these regions
  • To identify and analyze key drivers, restraints, opportunities, and challenges that influence the growth of the digital MRO market
  • To strategically analyze the micro-markets with respect to individual growth trends, prospects, and their contributions to the overall market
  • To analyze the opportunities in the market for stakeholders by identifying key market trends
  • To analyze competitive developments such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements in the market
  • To provide a detailed competitive landscape of the digital MRO market, along with an analysis of the business and corporate strategies adopted by leading players

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the digital MRO market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the digital MRO market
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